UPDATE 1-Silk Road website creator gets life term for drug plot NEW YORK, May 29- The accused mastermind behind the underground website Silk Road was sentenced on Friday to life in prison for orchestrating a scheme that enabled more than $200 million of anonymous online drug sales using the digital currency bitcoin. Ulbricht had admitted to creating Silk Road, but denied wrongdoing. Ulbricht, who sniffled while speaking,...
| By: Nate Raymond
Yellen lit a fuse under dollar: Pro Is the dollar headed even higher? Craig Johnson, Piper Jaffray, and Boris Schlossberg, BK Asset Management, share their forecast.
German newspaper corrects IMF chief Lagarde's Greece comments WASHINGTON, May 29- German newspaper Frankfurter Allgemeine Zeitung has corrected an interview with International Monetary Fund head Christine Lagarde in which she had been quoted as saying that a Greek exit from the euro zone was a "possibility". The IMF released a transcript of the interview, which was still having an impact on markets on Friday.
FOREX-Dollar hits 12-1/2-year peak vs yen before retreating NEW YORK, May 28- The dollar climbed to a 12-1/ 2- year high against the yen on Thursday before pulling back as investors bet that U.S. interest rates will rise later this year while Japan's monetary policy remains ultra-loose. This reminds investors U.S. rates are moving up later this year and has revived the dollar's appeal since last week, "said Omer Esiner, chief...
| By: Richard Leong
Why do women cheat? Ashley Madison CEO tells all Is cheating bad? Why do women cheat? The founder and CEO of affair website Ashley Madison tells all, including why he has his eye on China.
| By: Noel Biderman, founder and CEO of Ashley Madison