Crypto bull Meltem Demirors said Wednesday she believes the recent turbulence in bitcoin and ether are positive long-term developments, contending the optimistic story around the digital assets remains intact. “It’s been really frothy. There was a lot of leverage in the markets. Some of that got taken out in April,” the chief strategy officer at CoinShares
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Jamie Dimon, CEO, JP Morgan Chase, speaking at the Business Roundtable CEO Innovation Summit, December 6, 2018. Janhvi Bhojwani | CNBC JPMorgan Chase is going it alone. After the healthcare joint venture formed by Amazon, Berkshire Hathaway and the biggest U.S. bank by assets was disbanded earlier this year, the companies each vowed to continue
The Robinhood application on a smartphone. Bloomberg | Bloomberg | Getty Images Robinhood is giving amateur investors access to initial public offering shares in its latest move to democratize retail investing. IPO shares have historically been set aside for Wall Street’s institutional investors or high-net worth individuals. Retail traders typically don’t have a vehicle to
In this article AAPL GOOGL FB NFLX AMZN Google announced last week 60% of its workforce will work around three days a week in the office, 20% in new office locations, and 20% from home. David Paul Morris | Bloomberg | Bloomberg | Getty Images If 2020 taught us that we were all naïve about
A visual representation of digital currencies. Yuriko Nakao | Getty Images If it is not already patently obvious, and has been for a couple years, it would seem we have entertained the Crazy Town section of Crypto-Land. We have jumped the shark, crossed the Rubicon. We are over our skis and out of our minds.
In this article BTC.CM= DOGE.CM= ETH= Heidi Gutman | CNBC Veteran investor and IAC chairman Barry Diller said Friday that he doesn’t trust cryptocurrencies and believes that the digital assets are “a con.” “I watch some of the people that you have on and they talk about it – $40,000, $12,000, whatever – I think
In this article ALKS Hiraman | E+ | Getty Images Company: Alkermes Plc (ALKS) Business: Alkermes is a biopharmaceutical company that researches, develops, and commercializes pharmaceutical products to address unmet medical needs of patients in various therapeutic areas in the United States, Ireland, and internationally. Its marketed products include ARISTADA (aripiprazole lauroxil), an extended-release intramuscular
A delivery person for Doordash rides his bike in the rain during the coronavirus disease (COVID-19) pandemic in the Manhattan borough of New York City, New York, U.S., November 13, 2020. Carlo Allegri | Reuters The U.S. economy is in the process of reopening, but going forward, the long-term picture is anything but clear. Investors
In this article SPCE VSS Unity reaches the edge of space during its third spaceflight on May 22, 2021. Virgin Galactic Virgin Galactic shares jumped in premarket trading on Monday, following the company’s successful spaceflight test on Saturday. The launch represented a critical step forward for the space tourism company, as the test had been
Traders on the NYSE, May 3, 2021. Source: NYSE It’s not just about earnings anymore: Dividends and huge inflows are helping stocks power forward. April trading data is in, and it shows two surprises: an increase in dividends, and huge inflows into equities that are even stronger than the first three months of the year.
In this article .DFII Traders working at the New York Stock Exchange (NYSE), today, Wednesday, April 21, 2021. Source: NYSE The NYSE is adjusting its Covid protocols and will allow more people on its trading floor. Beginning Monday, members of the floor community who have been fully vaccinated will be exempt from certain restrictions, including
Gary Gensler, then-chairman of the U.S. Commodity Futures Trading Commission (CFTC). Simon Dawson | Bloomberg | Getty Images New Securities and Exchange Commission Chairman Gary Gensler will testify before the House Financial Services Committee on Thursday. This is the third House hearing focused on GameStop, but this is Gensler’s first appearance as chairman before the Committee.
What does inflation do to stock prices? Stocks are reacting negatively this week to modestly higher inflation figures, but it’s not at all clear that the current figures are a long-term negative for stocks. Higher inflation is usually looked on as a negative for stocks, because it increases borrowing costs, increases input costs (materials, labor),
People crowd outdoor seating at a restaurant as coronavirus disease (COVID-19) restrictions are eased in Ann Arbor, Michigan, U.S., April 4, 2021. Emily Elconin | Reuters A new book by Nobel Economics Prize winner Daniel Kahneman asks, why does everyone make such bad decisions and what can we do about it? Why do we all
Traders on the floor of the New York Stock Exchange. Source: NYSE The Federal Reserve may be trying to project a coherent vision on what it expects its policy on future rate hikes will be, but the market cannot seem to agree on what version of the Fed it wants to believe. Does it want
Gary Gensler, chairman of the Commodity Futures Trading Commission (CFTC), speaks during a Senate Banking Committee hearing in Washington, D.C., U.S., on Tuesday, July 30, 2013. Andrew Harrer | Bloomberg | Getty Images Securities and Exchange Commission Chair Gary Gensler said he would be aggressively pursuing bad financial actors who were “playing with working families’
Traders working at the New York Stock Exchange (NYSE), on May 19, 2021. NYSE Thematic tech is seeing big price declines, but most investors are not bailing out. It’s been a brutal year for the formerly red-hot investment darling, “thematic tech” investing, a catch-all phrase for emerging tech sub-sectors like Cathie Wood’s Ark funds, clean
In this article COIN MSTR TSLA 9618-HK TTWO TGT LOW TJX A woman leaves Target store on March 02, 2021 in New York. Emaz | Corbis News | Getty Images Check out the companies making headlines in midday trading. Target — Shares of the retailer advanced 5% after Target’s first-quarter results beat analysts’ expectations on
The logo of Cisco Systems is seen at their headquarters in Issy-les-Moulineaux, near Paris, France. Philippe Wojazer | Reuters Check out the companies making headlines after the bell on Wednesday: Cisco — Shares of the data center networking hardware maker dropped more than 6% in extended trading after the company issued weaker-than-expected guidance for the next
Take a look at some of the biggest movers in the premarket: Virgin Galactic (SPCE) – Virgin Galactic shares surged 14.1% in the premarket after the space travel company said the next test flight of its SpaceShipTwo Unity will occur on May 22. Virgin Galactic said a maintenance review on VMS Eve – the mothership