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This rare $1,000 bill could get $1M at a Baltimore auction
A rare $1,000 bill from 1863 is expected to sell for about $1 million at an auction in Baltimore.
Can Baltimore handle a virtual currency?
Tzadik Vanderhoof is desperate for a place to spend his Bitcoin. So far the only taker he’s found is a friend he’s persuaded to take Bitcoin in payment for a bar tab. But that could change.
Congress looks at doing away with the $1 bill
WASHINGTON — American consumers have shown about as much appetite for the $1 coin as kids do their spinach. They may not know what’s best for them either. Congressional auditors say doing away with dollar bills entirely and replacing them with dollar coins could save taxpayers some $4.4 billion over the next 30 years. Vending […]
U.S. State Department limits troubled visa program
JACKSON, Miss. — The State Department is limiting participation in a troubled exchange program and putting a moratorium on new businesses becoming sponsors for thousands of foreign college students who use the program to visit the United States. The agency published the new rules Monday. The changes to the J-1 summer work and travel program […]
Dollar rises against euro ahead of Fed minutes
NEW YORK — The dollar is rising against the euro ahead of minutes to be released from the Federal Reserve’s latest meeting. The minutes, or meeting protocols, could offer some insight into the Federal Reserve’s outlook for the U.S. economy, currency analysts said. But data released Tuesday showed that worries about the economy are lowering […]
Bernanke urges nations to help ease trade gaps
Federal Reserve Chairman Ben Bernanke on Friday urged countries with large trade surpluses like China to let their currencies rise in value to help prevent another global financial crisis. He also called on nations with persistent trade deficits like the United States to narrow their budget shortfalls and save more. Both steps would help balance […]
PepsiCo’s 3Q profit rises, but narrows guidance
NEW YORK — PepsiCo Inc.’s third-quarter net income rose 12 percent on strong sales gains abroad and strength in its drinks and Frito-Lay snacks. The company lowered the top end of its guidance for the fiscal year because of investments to expand its presence in growing countries like China. It also expects to be hurt […]
