Disney Board Loses Two Tech Giants, Bitcoin Takes a Tumble
Facebook's COO Sheryl Sandberg and Twitter's CEO Jack Dorsey are set to leave Disney's board in March due to a conflict of interest. As Facebook and Twitter increasingly pursue video streaming capabilities, the companies are on a collision course with Disney's own video streaming technology.
Bitcoin hits a six-week low on concerns that Chinese regulators would crack down on the cryptocurrency. Chinese officials say they would block domestic access to trading platforms and mobile apps.
Stocks were mixed at the open but Wall Street was heading for a losing week as investors digested the hints that the Federal Reserve could raise rates before the end of the year.
Sales of previously occupied U.S. homes fell for the third month in a row in August, as higher mortgage rates, rising prices and a dearth of properties on the market shut out many would-be homebuyers.
