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Undated combination photo of John B. Taylor (L) and Jerome Powell. REUTERS/Price Chambers/Carlos Barria

Trump mulls Powell and Taylor for Federal Reserve

President Donald Trump is considering nominating Fed Governor Jerome Powell and Stanford University economist John Taylor for the central bank's top two jobs, in an apparent bid to reassure markets and appease conservatives hungry for change.

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Bitcoin soars to record high above $6,000

Bitcoin surged to a record high of more than $6,000 on Friday, pushing its market capitalization to $100 billion at one point, as investors continued to bet on an asset that has a limited supply and has paved the way for a whole slew of crypto-currencies.

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