Voyager said it has roughly $1.3 billion of crypto on its platform and holds over $350 million in cash on behalf of customers at New York’s Metropolitan Commercial Bank. Justin Sullivan | Getty ...
Tag: business news
Manhattan apartment sales fall 30% in June, prices remain high
FUTURE LIGHT | Photodisc | Getty Images Sales contracts for Manhattan apartments plunged by nearly a third in June as the city’s scorching real-estate market started to cool amid recession fears...
Ben & Jerry’s sues parent company Unilever over sale of Israeli business
A tub of Ben and Jerry’s ice cream, manufactured by Unilever Plc. Chris Ratcliffe | Bloomberg | Getty Images Ben & Jerry’s is suing parent company Unilever to stop the sale of its Isra...
Investor delivers new tech ‘bubble’ warning
The recent tech rally may be doomed. Money manager Dan Suzuki of Richard Bernstein Advisors warns the market is far from bottoming — and it’s a concept investors fail to grasp, particularly when...
I have no catalyst to recommend SoFi
Oasis Petroleum Inc: “Everybody hates oil so much, we’ve got to do more work. But I like the idea in principle.” Cloudflare Inc: “I don’t like companies that aren’t...
Jim Cramer picks 7 Dow stocks that investors should consider owning
CNBC’s Jim Cramer on Tuesday offered investors his stock picks from the best- and worst-performing stocks in the Dow Jones Industrial Average during the first half of the year. Companies in the ...
S&P 500 futures rise slightly after a late day rally and ahead of Fed minutes
Traders on the floor of the New York Stock Exchange, June 28, 2022. Source: NYSE U.S. equities futures were slightly higher Tuesday night after the market staged a big midday reversal, with falling bo...
Why ‘Minions’ beat ‘Lightyear’ at the box office
Two blockbuster animated franchises went head-to-head at the box office this past weekend. One of them benefited from buzz − and it wasn’t “Lightyear.” In just three days, Universal ...
Trump-era changes to Endangered Species Act thrown out by judge
A Mexican gray wolf leaves cover at the Sevilleta National Wildlife Refuge, Socorro County, N.M. Jim Clark | U.S. Fish and Wildlife Service via AP A California federal judge on Tuesday threw out Trump...
Oil tumbles as much as 10%, breaks below $100 as recession fears mount
Oil well pump jacks operated by Chevron Corp. in San Ardo, California, U.S., on Tuesday, April 27, 2021. David Paul Morris | Bloomberg | Getty Images Oil prices tumbled Tuesday with the U.S. benchmark...
How to buy a carbon-conscious fund in wake of Supreme Court EPA ruling
The Supreme Court last week limited the Environmental Protection Agency’s ability to regulate greenhouse gas emissions to fight climate change — and that may leave eco-conscious investors wonder...
Luxury car buyers pay more than ever as prices and loan costs rise
If you can even find a new car to buy, actually purchasing it is going to cost you. “It’s a really difficult time to buy a car,” said Jessica Caldwell, executive director of insights...
Ford (F) Q2 2022 US sales
Electric Ford F-150 Lightning Andrew Evers / CNBC DETROIT – Ford Motor on Tuesday reported a slight increase in new vehicle sales for the second quarter that missed automotive analysts’ expectat...
Yum Brands says it is close to selling its Russian KFC business
A woman walks near closed KFC and McDonald’s restaurants that suspended their business in Russia due to the military invasion of Ukraine, April 16, 2022, in Moscow, Russia. Konstantin Zavrazhin ...
Italy declared a state of emergency because of drought in the Po River
This picture taken on July 2, 2022 in Rome shows the low water level of the river Tiber near the Vittorio Emanuele II bridge, revealing an ancient bridge built under Roman Emperor Nero (Bottom). Andre...
Global economic outlook has ‘deteriorated materially’
Andrew Bailey, governor of the Bank of England, has said the global economic outlook has deteriorated materially after surging commodity prices pushed up inflation around the world. Bloomberg | Bloomb...
Oil stocks, Ford, Crocs and more
Check out the companies making headlines in midday trading. Ford Motor — Shares of the carmaker dropped nearly 3% and hit a new 52-week low after the company reported a slight increase in new vehicle ...
Why driving big rig trucks is a job fewer Americans dream about doing
A Walmart truck departs the company’s distribution center in Washington, Utah. Bloomberg | Bloomberg | Getty Images In April, Walmart made headlines by announcing that it will pay its private fl...
Crypto lender Nexo offers to buy embattled rival Vauld
Bitcoin, the world’s biggest cryptocurrency, is down more than 50% since the start of 2022. Nurphoto | Getty Images Beleaguered cryptocurrency lender Vauld has been thrown a lifeline from larger...
England complete record chase to draw India series
England’s Jonny Bairstow, following a slightly nervy spell in the 90s, eventually brought up a fine hundred. Geoff Caddick | Afp | Getty Images Joe Root and Jonny Bairstow both scored majestic h...
Metropolitan areas with the most million-dollar homes
Historic row houses in Columbia Heights neighborhood of Washington. amedved | iStock | Getty Images Million-dollar homes aren’t common in the U.S., but you’re more likely to find these pro...
China’s Liu He, US Treasury Secretary Janet Yellen hold virtual talks
Chinese Vice Premier Liu He represented his country in the signing of a trade agreement with the U.S. in January 2020.C Saul Loeb | AFP | Getty Images BEIJING — China’s Vice Premier Liu He and U...
The world’s most powerful tidal turbine just got a major funding boost
Orbital Marine Power’s O2 turbine at the Orkney Islands, north of the Scottish mainland, in September 2021. Scotland has become a hub for companies and projects focused on tidal power and marine...
More parts of China battle Covid and threats of lockdown as cases spike
Covid-related restrictions tightened in parts of China as local cases climbed, while lighter measures such as virus testing linger on in Shanghai, pictured here on July 3, 2022. Qilai Shen | Bloomberg...
U.S. flight disruptions finally ease as the holiday weekend winds down
Lighted tunnel in the United Airlines terminal, O’Hare International Airport, Chicago Illinois. Andrew Woodley | Universal Images Group via Getty Images U.S. airline delays eased on Monday as we...
EU airlines face strikes, struggle to find workers post-covid summer travel
Some airlines and airports are struggling with the post-covid demand for travel. Anadolu Agency | Anadolu Agency | Getty Images LONDON — Delays, cancellations and strikes. It’s been a messy time...
What’s required to travel to Thailand? Only one Covid document now
Travelers wondering what it’s like to visit Thailand now may be interested to know the country is “allowing almost everything” again. That’s according to the Tourism Authority ...
Rise of Gru domestic box office opening tops $108 million
“Minions: The Rise of Gru” is the sequel to the 2015 film, “Minions,” and spin-off/prequel to the main “Despicable Me” film series. Universal Families have gone ban...
American Airlines scheduling glitch allows pilots to drop thousands of July flights
An American Airlines Boeing 787-9 Dreamliner approaches for a landing at the Miami International Airport on December 10, 2021 in Miami, Florida. Joe Raedle | Getty Images A glitch in a scheduling plat...