The attorney general of Washington, D.C., on Thursday sued the Commanders and owner Dan Snyder, as well as the NFL and Commissioner Roger Goodell, for allegedly deceiving D.C. residents about the team...
Category: Finance
Live Finance News Updates.
Colorado Voters Approve Legalizing Psychedelic Mushrooms
Hallucinogenic mushrooms getty As a result of Tuesday’s election, Colorado voters have approved Proposition 122, a ballot initiative that will decriminalize and regulate certain psychedelics. The pass...
This Is Why Today’s Inflation Number Is Not As Good As It Seems
Mary Daly, president of the San Francisco Federal Reserve Bank, poses for a photograph. (Photo by … [+] Nick Otto for the Washington Post) The Washington Post via Getty Images Today the Bureau o...
J.P. Morgan says inflation has peaked and suggests 2 stocks to buy
For well over a year now, we’ve been seeing headlines about inflation. The rate of price increases is running at its highest level since the early 1980s, although the October numbers, just released, s...
Mortgage rates fall sharply to under 7% after inflation eases
A ‘For Sale’ sign is posted in front of a single family home on October 27, 2022 in Hollywood, Florida. Joe Raedle | Getty Images Mortgage rates fell sharply Thursday after a government re...
Drake And 21 Savage Ordered By Judge To Stop Promoting Fake ‘Vogue’ Cover
Topline A federal judge issued a restraining order against rappers Drake and 21 Savage preventing them from using a fake Vogue cover to promote their new album Her Loss, days after the magazine’s publ...
Aptos and Google Cloud unveil partnership, plan for accelerator program
Layer 1 blockchain startup Aptos said it has partnered with Google Cloud in a move that will see the search giant power some of its validator nodes, among other services. Speaking at a panel at...
The Bank of England just warned that the UK faces its longest recession in 100 years — is the US next? Here are 3 reasons why a 2023 downturn would be like no other
The Bank of England just warned that the UK faces its longest recession in 100 years — is the US next? Here are 3 reasons why a 2023 downturn would be like no other The U.K. can’t seem to catch a brea...
Juul strikes financing deal, plans to cut 30% of jobs to dodge bankruptcy
Packages of Juul e-cigarettes are displayed for sale in the Brazil Outlet shop on June 22, 2022 in Los Angeles, California. Mario Tama | Getty Images Juul Labs said Thursday it secured financing from ...
A Parade Of Climate Hypocrisy
Every year, global climate summits feature a parade of hypocrisy, as the world’s elite arrive on private jets to lecture humanity on cutting carbon emissions. The current UN climate summit in Egypt of...
FTX lent Alameda billions of dollars in customer assets: WSJ
Crypto exchange FTX lent about $10 billion to sister company and trading firm Alameda Research, according to The Wall Street Journal. The report, citing a conversation with CEO Sam Bankman-Fried...
How Spotify stayed No. 1 in streaming music vs. Apple, YouTube, Amazon
Onur Dogman | LightRocket | Getty Images In this weekly series, CNBC takes a look at companies that made the inaugural Disruptor 50 list, 10 years later. Spotify, once a Swedish startup tasked with ta...
Carl Icahn says he still thinks we are in a bear market despite Thursday’s rally
Famed investor Carl Icahn said Thursday’s relief rally didn’t change his negative view on the market, and he believes a recession is still on the horizon. “We keep our portfolio hedg...
‘The Office’ Star Rainn Wilson Changes Name To ‘Rainnfall Heat Wave Extreme Winter Wilson’ Due To Climate Change
Rainn Wilson, now known as Rainnfall Heat Wave Extreme Winter Wilson. (Photo by … [+] Axelle/Bauer-Griffin/FilmMagic) FilmMagic The Office star Rainn Wilson, who played Dwight Schrute in the bel...
FTX appears to be processing withdrawals again, on-chain data show
Beleaguered crypto exchange FTX appears to have begun processing withdrawals again, following a more than 48-hour shutdown. Block explorer Etherscan shows that withdrawals began leaving the exch...
CVX Stock Price Hits Latest All-Time High, Will the Price Turn Back or Continue Moving towards the $200 Mark?
The share price of CVX on Monday, November 7 is the all-time high recorded at $186.38. The Choppiness Index is seeing lower levels showing a strong directional trend. Now the $200 mark has become the ...
FTX CEO Sam Bankman-Fried Tells Investors the Troubled Exchange Needs Cash To Avoid Bankruptcy: Report
The CEO of the cash-strapped FTX crypto exchange is reportedly warning investors that the company will collapse if it fails to get additional capital. Citing a person familiar with the matter, Bloombe...
Microsoft-backed Space and Time joins Nvidia startup program: Exclusive
Data warehousing platform Space and Time has joined chipmaker Nvidia’s startup program just over a month after raising a $20 million strategic funding round backed by Microsoft’s venture arm M12...
Should I invest in Starbucks after the Q4 results?
Starbucks Corporation (NASDAQ: SBUX) reported better-than-expected fourth-quarter results last week, and Howard Schultz, interim chief executive officer, said that the company saw accelerating demand ...
‘I’m sorry, I f****d up.’ Sam Bankman-Fried needs $4 billion. Fast
Sam Bankman-Fried is on a race to secure $4 billion to save FTX, after rival Binance ditched its 11th-hour bid to buy the collapsing crypto exchange. Bankman-Fried reportedly told investors on Wednesd...
Microsoft co-founder Paul Allen’s art collection sells for $1.6 billion
Art handlers hold a painting titled “La montagne Sainte-Victoire” by Paul Cezanne (estimate on request: in excess of $120,000,000) during a photo call to present the highlights from the es...
Dillard’s 3rd Quarter Beats Expectations
(Photo by James Leynse/Corbis via Getty Images) Corbis via Getty Images Dillard’s reported 3rd quarter 2022 earnings which showed excellent control of the business. The company was up against a very s...
FTX Japan ordered by country’s financial regulator to suspend operations
Japan’s financial regulators have ordered FTX’s Japan arm to suspend operations in the country. Citing FTX Japan’s suspension of crypto withdrawals, the Financial Services Age...
Rakuten Is Said Cutting Mobile Unit Headcount to Woo Investors
(Bloomberg) — Rakuten Group Inc. is reducing headcount at its mobile unit and seeking outside investors to help turn around the loss-making business, according to people familiar with the matter...
Apple Stock Price Headed Towards Next Vital Support, Massive Accumulation Needed
Apple’s stock price again hit an October low amid continued price declines. Sellers are targeting a retest of the $130 key support level for Apple (NASDAQ:AAPL) stock price. In the November 29 letter,...
Keurig Dr Pepper CEO resigns after violating code of conduct
The Keurig Dr Pepper logo is displayed on a smartphone screen. Rafael Henrique | Lightrocket | Getty Images Keurig Dr Pepper announced Thursday that CEO Ozan Dokmecioglu agreed to resign after violati...
Dow Jumps 900 Points On Inflation Optimism — But It’s ‘Yet Another Triumph Of Hope Over Reality,’ One Analyst Says
Topline Stocks skyrocketed early Thursday after the latest inflation reading revealed the Federal Reserve’s battle to bring down prices is finally bearing fruit, though experts say it’s merely the fir...
Kickstart Your Portfolio With These Three Chemical Stocks
. Chemical Stocks Recent News After a rocky few years with supply chain disruptions, chemical companies look to rebound heading into 2023. Fifty-five percent of chemical manufacturers reported that po...