Tesla board member James Murdoch said Elon Musk knows who could run Tesla after him. It might have been a throwaway line said while being questioned in a trial. Still, it’s a chance for investors to ...
Tag: Markets
Gemini, OKX, Crypto.com experienced ‘severe’ outflows as stablecoins see exodus: JPMorgan
Gemini, OKX and Crypto.com experienced “severe” outflows over the past week while a declining stablecoin market shows an investor exodus, according to analysts at JPMorgan Chase. Exc...
The Fisker Ocean Is a Reality. Why It’s Not Just Another EV.
Today is the day, the day when production of the all-electric Fisker (ticker: FSR) Ocean SUV begins. Fisker is not Tesla It’s a small EV start-up that will only deliver a handful of cars in 2022, but ...
Uber is going to be the last man standing
Uber Technologies Inc: “Uber is a stock that you have to own for a while. … It’s going to be the last man standing, and that’s why I like Uber.” PayPal Holdings Inc: R...
Debt Ceiling Risk Looms For Markets In 2023
There are concerns that negotiations around raising the debt ceiling could rattle markets as we saw … [+] in 2011. Photographer: Michael Nagle/Bloomberg © 2022 Bloomberg Finance LP When the U.S....
Macy’s, BJ’s Wholesale, Kohl’s and others
Check out the companies making headlines before the bell: Macy’s (M) – Macy’s stock leaped 9.6% in the premarket after the retailer reported better-than-expected profit and revenue. Same-s...
These Price Levels Are Critical For Bitcoin As The Crypto Contagion Hits Broader Markets ⋆ ZyCrypto
Advertisement     Concerns over a withdrawal run from the cash-strapped cryptocurrency exchange FTX continued to send cryptocurrencies into a tailspin this week, placi...
Asian Stocks Mostly Down as China Tech Sold Off: Markets Wrap
(Bloomberg) — Stocks in Asia are mostly under pressure as a tech-led selloff in Chinese shares intensified. The dollar rose to the level where it began the week. Most Read from Bloomberg The MSC...
The Block: Bitcoin mining stock report: Wednesday, November 16
The majority of bitcoin mining stocks tracked by The Block traded down today. Core Scientific and Marathon Digital were the two biggest losers on Wednesday. Both bitcoin miners declined over 12...
Crypto firms rush to allay Genesis contagion fears as stocks crater
Crypto-related stocks plunged as Genesis became the latest victim of the FTX fallout. Bitcoin was trading at $16,593, up 0.7% from $16,479 earlier in the day. Ether gained a modest 0.5% to trad...
Nvidia revenue beats estimates, gaming segment also tops expectations
Nvidia’s fiscal third quarter revenue beat analyst estimates while sales from its gaming segment, which includes crypto-related revenue, also topped expectations. The chipmaker posted quar...
Yellen calls for ‘more effective oversight’ of crypto markets
The collapse of crypto exchange FTX is proof digital asset markets need more effective oversight, according to U.S. Treasury Secretary Janet Yellen. “Further interconnections of the traditiona...
Opinion: The new bull market will be led by stocks in these three industries.
We don’t know yet if the recent rally kicks off a new bull market in stocks. But here’s a safe bet: Once the new bull market is here, entirely different groups will lead. It’ll be out with the old — t...
3AC hunted by FTX, Alameda, founder claims. Sam Bankman-Fried disagrees.
Three Arrows Capital co-founder Kyle Davies said that “FTX, Alameda colluded to trade against clients” and “hunted” his company. “As their biggest client, we, 3AC, were hunted ...
Jim Cramer says the Fed should consider retail earnings over economic data for its inflation strategy
CNBC’s Jim Cramer on Wednesday said the Federal Reserve must pay attention to recent retail earnings reports to plan the rest of its battle against inflation. “I am begging the Fed to look...
Cisco, Bath & Body Works, Nvidia and more
A runner jogs past Cisco Systems headquarters in San Jose, California, U.S., on Monday, Feb. 8, 2021. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines in after-hou...
FTX’s Domino Affect Still Underway-Crypto Markets Including Bitcoin May Remain Bearish Indefinitely!
The FTX crisis is not believed to stop right away, as the contagion is likely to spread wider, trapping more institutions or platforms. The Bitcoin price is currently trading between the interim resis...
Which states have had the most major climate disasters since 2011?
Ninety percent of counties across the U.S. have experienced a flood, wildfire, hurricane or other federally declared climate disaster between 2011 and 2021, according to a report published Wednesday t...
Bitcoin, ether decline, stocks sink and Ark is warm on GBTC
Crypto markets slid on Wednesday as altcoins surrendered gains made at the top of the week. Bitcoin was down 2.6% at $16,479 over the past day, while ether lost 4.5% to trade at $1,207, accordi...
Mixed economic picture, energy, EL deal
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Wednesday’s key moments: ‘Mixed pictureR...
NASA’s Artemis 1 mission heads to the moon after successful launch
To the moon, again! NASA launched the Artemis I mission from Florida at 1:47 a.m. ET on Wednesday morning, with the agency’s most powerful rocket ever kicking off a nearly month-long journey wit...
‘Exit All the Markets’, Says Trader Who Called the 2022 Crypto Collapse – Here’s Why
The trader known for accurately calling this year’s big Bitcoin (BTC) and crypto market crash says investors are better off being 100% out of the markets for now. The pseudonymous analyst known as Cap...
Markets See A Smaller Fed Hike Coming In December
The Federal Reserve will set interest rates on December 14, here’s what to expect. Photographer: … [+] Michael Nagle/Bloomberg © 2022 Bloomberg Finance LP The Fed’s December meeting should...
Target, Carnival, Advance Auto Parts, Lowe’s and more
Pedestrians pass by a Target store in the Tenleytown neighborhood of Washington, DC, on August 17, 2022. Mandel Ngan | AFP | Getty Images Check out the companies making headlines in midday trading. Ta...
Markets Bet Sam Bankman-Fried Won’t See Jail – Trustnodes
He came, he saw, he left and that’s where the story ends according to betting markets. Sam Bankman-Fried, the man who stole billions of customers money and spent it on reckless bets, remains free as f...
CMC Markets’ Net Trading Revenue plunges up by 27%
CMC Markets, a London-based brokerage group, released their six months interim financials between April and September, reflecting a 21% hike in its net operating income (NOI), generating £153.5 millio...
Temasek, Sequoia, SoftBank take more the $600 million in FTX write-downs: Bloomberg
FTX investors including Temasek, Sequoia Capital and SoftBank are writing off hundreds of millions of dollars they poured in the now-failed exchanged, Bloomberg reported, citing people familiar. ...
ETH Lower, as Markets React to Missile Exploding in Poland – Market Updates Bitcoin News
Ethereum moved into the red on Nov. 16, as markets became nervous, following a missile accidentally exploding in Poland. Fears grew of potential escalation in the war between Russia and Ukraine, as th...
Target, Lowe’s, Carnival and others
Check out the companies making headlines before the bell: Target (TGT) – Target plunged 13.5% in the premarket after missing consensus estimates by 59 cents with quarterly earnings of $1.54 per share....
Crypto Markets to See Forced Liquidation in 10 Days: Kevin O’Leary
Fears of a contagion, sparked by concerns about the liquidity of FTX and Alameda Research, caused the cryptocurrency market to plummet massively, and huge sums of money were liquidated. Kevin O’Leary...
Qualcomm, Nvidia Are Top Picks Among Semiconductor Stocks, Analyst Says
Text size For investors looking for near-term protection, Credit Suisse analysts said wireless-device specialist Qualcomm was their top pick. Dreamstime Semiconductor stocks have fallen far enough to ...