CryptoWatch: Crypto prices will slowly recover into year-end, says founder of blockchain platform

Bitcoin and major digital currencies on Tuesday clawed back some of the previous day’s losses. Bitcoin BTCUSD, +0.19% the world’s largest digital currency, lost as much as 4% late Monday, hitting a low of $6,213.46, inching closer to key support near $6,000. In Tuesday trading a single bitcoin was last going for $6,334.42, up 1.8% … Read more

The Wall Street Journal: Ferrari to launch larger car — but don’t call it an SUV

MARANELLO, Italy — Ferrari NV plans to launch a series of special-edition models and a larger car to rival sport-utility vehicles as part of the Italian luxury-car maker’s drive to increase volume and double profit by 2022. The initiatives are part of a five-year plan unveiled Tuesday by new Chief Executive Louis Camillieri, who took … Read more

NewsWatch: How trade-war fears have become less of a factor for stock-market investors

MARKETWATCH FRONT PAGE One of the supposedly biggest risks facing the U.S. stock market is so far proving to be a non-starter. See full story. Pot stock short sellers increasing bets even as losses and costs mount Investors shorting the stocks in the cannabis industry ahead of Canada’s Oct. 17 legalization date have lost $490 … Read more

Viking Therapeutics stock rose 87% on results for its liver disease drug — and the company has more in store this fall

Positive results from a mid-stage clinical trial sent Viking Therapeutics Inc. shares soaring 87% on Tuesday. But don’t tell Viking Therapeutics Chief Executive Brian Lian VKTX, +87.30%  . As of midday, when he spoke to MarketWatch, he hadn’t even checked the stock price. “It gets distracting if you start checking it all the time,” Lian … Read more

The Wall Street Journal: U.S. liquefied natural gas boom threatened by new tariffs from China

China’s move to impose tariffs on U.S. liquefied natural gas imperils the ability of a burgeoning industry to export the bounty of American shale. Retaliating against new Trump administration tariffs on $200 billion in Chinese goods, China on Tuesday issued levies on $60 billion of U.S. products, including a 10% tariff on liquefied natural gas, … Read more

The Fed: Trade war with China may limit Fed’s interest-rate hike plans after September increase

Bloomberg Fed Chairman Jerome Powell walks with Mario Draghi, president of the European Central Bank in April. President Donald Trump’s decision to impose tariffs on $200 billion of Chinese goods won’t deter the Federal Reserve from raising its benchmark short-term rate next week. What it means for December and next year is more uncertain. Seth … Read more