Wells Fargo is one of the oldest and most powerful banks in the United States. Its reputation today is in tatters, following a notorious scandal that is still unfolding. Reports of fraudulent activity...
Tag: Markets
Biden awards $2.8 billion for electric vehicle battery manufacturing
U.S. President Joe Biden delivers remarks to highlight electric vehicle manufacturing in America, during a visit to the Detroit Auto Show, September 14, 2022. Kevin Lamarque | Reuters The Biden admini...
Netflix, Intuitive Surgical, Generac, Winnebago and more
The Netflix logo is seen on a TV remote controller, in this illustration taken January 20, 2022. Dado Ruvic | Reuters Check out the companies making headlines in midday trading. Generac — Shares were ...
SPAC liquidations top $12 billion this year as sponsors grapple with tough market, new buyback tax
Chamath Palihapitiya, Social Capital Founder and CEO CNBC A new buyback tax has motivated more and more SPAC sponsors to close up shop before the year-end, adding another headwind to the blank-check s...
Moola Markets Has Been Robbed With $9M Attackers Returned 93% Funds
Attackers manipulated the prices of MOO tokens, which touched an all-time high. Moola Market got back 93.1% of funds, the remaining amount kept by Attackers as Bug Bounty. Blockchains and their use ...
SpaceX launches Starlink aviation product for satellite internet to private jets
One of the company’s flat aviation-specific Starlink antennas is seen on top of an aircraft. SpaceX SpaceX rolled out aviation-specific Starlink satellite internet service on Tuesday, with Elon ...
Takeaways from our daily meeting: Recession-proof stocks, Club names
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. Hold onto recession-proo...
Procter & Gamble (PG) Q1 2023 earnings
Containers of Tide detergent on grocery store shelves. Richard Levine | Corbis | Getty Images Procter & Gamble on Wednesday reported quarterly earnings and revenue that topped analysts’ esti...
Buffett-backed digital bank Nubank to launch its own cryptocurrency
Jakub Porzycki | NurPhoto | Getty Images The Brazilian digital banking startup Nubank will launch its own cryptocurrency in the country next year, marking the latest move into digital assets by a larg...
Why pickleball has NBA’s LeBron James and NFL’s Tom Brady investing
Pickleball is the fastest-growing sport in America, with over 4.8 million people playing the game. However, its rapid growth has caused some growing pains, stemming from competing professional leagues...
Procter & Gamble, Travelers, Nasdaq and more
Check out the companies making headlines before the bell: Procter & Gamble (PG) – The consumer products giant’s quarterly earnings of $1.57 per share beat estimates by 3 cents with revenue a...
Trading Bot Known for Outperforming Bitcoin and Crypto Markets Details New Altcoin Selections, With Ethereum Allocation Surpassing Bitcoin
A trading robot with a reputation for outperforming the digital asset markets is sharing its newest portfolio allocations amid the ongoing crypto winter. Every week, the Real Vision Bot conducts surve...
$8.4m Exploit Breached from DeFi Lending Protocol Moola Markets
Another exploit hits the crypto industry with roughly $8.4 million stolen from Moola Markets, a non-custodial liquidity and lending protocol built on the mobile-first Celo blockchain. According to Res...
Stay long on CF Industries
ON Semiconductor Corp: “Right now, I’ve got a pause on the semis. Why? Because we’ve got so many problems right now in China.” Dutch Bros Inc: “I want you to put half the...
Jim Cramer gives Johnson & Johnson his stamp of approval
CNBC’s Jim Cramer on Tuesday advised investors to pick up shares of Johnson & Johnson as a long-term play. “I like the way J&J’s been trading over the last couple months, and...
Don’t ‘rent’ stocks in this treacherous market, Jim Cramer warns
CNBC’s Jim Cramer on Tuesday warned investors to stay the course and weather the turbulent market. “You have to resist the urge to rent stocks because you’ll get evicted when they in...
United Airlines (UAL) earnings 3Q 22
United Airlines forecast another profit for the end of the year and said consumer appetite for travel is showing no signs of slowing down despite high airfares. Shares jumped more than 7% in after-hou...
Flooding in Nigeria kills more than 600 people, officials say
Flood water breaks a river bank and overflows into a settlement in Lokoja, Nigeria October 13, 2022. Afolabi Sotunde | Reuters More than 600 people have died and more than 1.3 million have been displ...
Bitcoin Whale Moves $940,032,000 in Dormant BTC Out of Coinbase Pro As Crypto Markets Consolidate: On-Chain Data
Nearly a billion dollars worth of Bitcoin (BTC) has been spotted suddenly leaving crypto exchange Coinbase as the flagship cryptocurrency trades 72% down from its all time high. According to on-chain ...
Relativity Space expansion at NASA’s Stennis for rocket engine testing
A map of the company’s expansion plans at NASA’s Stennis space center in Mississippi. Relativity Space Relativity Space, which 3D-prints rockets, said Tuesday that it signed a deal to expa...
Banks as leaders, 3 trades, keeping CRM
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 Tuesday’s key moments. We like the banks here We&...
Bitcoin Traders Patiently Wait for ‘Uptober’ — Historical Prices Show BTC Gained 10 out of 13 Octobers – Markets and Prices Bitcoin News
In recent times bitcoin’s volatility has been the lowest it’s been since 2020 and after last month’s market downturn, crypto enthusiasts expected a reversal in October. In fact, bitcoin has seen gains...
Dan Loeb’s Third Point builds stake in Colgate, sees value in pet food business in potential spinoff
Daniel Loeb Simon Dawson | Bloomberg | Getty Images Dan Loeb’s Third Point has built a sizeable stake in consumer giant Colgate-Palmolive, according to CNBC’s David Faber. Loeb sees hidden...
Mango Markets exploiter said actions were ‘legal,’ but was it?
The $117 million Mango Markets exploiter has defended that their actions were “legal,” but a lawyer suggests that they could still face consequences. Self-described digital art dealer Avraham Eisenbe...
Activist investor Starboard reveals stake in Salesforce, sees significant opportunity
Jeffrey Smith, CEO of Starboard Value LP and Chairman of Papa John’s International Inc. Brendan McDermid | Reuters Starboard Value has taken a stake in Salesforce, with founder Jeff Smith saying...
Goldman CEO says there’s a good chance of a recession and so it’s time to be cautious
Goldman Sachs CEO David Solomon warned Tuesday that the U.S. economy might be headed for a downturn that could make investing and business decisions more difficult. “I think it’s a time to...
Johnson & Johnson, Goldman Sachs, fuboTV and more
Here are the companies making headlines before the bell: Johnson & Johnson (JNJ) – Johnson & Johnson shares rose 1.4% in the premarket after beating top and bottom line estimates for the third...
Apple Earnings Are Next Week. What to Watch.
When Apple reports financial results for its fiscal fourth quarter next Thursday, the most crucial question will be whether the company is seeing signs of strain from the softening consumer economy. P...