Month: May 2022
Stocks making the biggest moves midday: Global Payments, Moderna, Activision Blizzard and more
Boxes containing the Moderna COVID-19 vaccine are prepared to be shipped at the McKesson distribution center in Olive Branch, Mississippi, December 20, 2020. Paul Sancya | Pool | Reuters Check out the companies making headlines in midday trading Monday. Global Payments — Shares of the company sank 9.8% despite a better-than-expected earnings report. The payments […]
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Dorsey, Saylor, Fidelity and others defend environmental impact of bitcoin mining in letter to EPA
These machines, known as mining rigs, work round the clock to find new units of cryptocurrency. Benjamin Hall | CNBC Some of the biggest names in bitcoin — including Jack Dorsey, Tom Lee, and Michael Saylor — have banded together to refute claims made by House Democrats calling on the Environmental Protection Agency to investigate […]
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The Federal Reserve’s fight with inflation could cool the hot labor market, risking stagflation
The Federal Reserve is hiking interest rates in an effort to defuse an explosive year of price inflation. But global forces could neutralize the effects of that tightening of monetary policy, and keep inflation high. Some observers believe the U.S. government may have misread the looming threat of inflation. During the pandemic, Uncle Sam dispersed […]
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Goldman Sachs CEO David Solomon says in-person attendance tops 50% after return-to-office push
Goldman Sachs CEO David Solomon’s campaign to summon more of his employees back to the office is a work in progress that could take years, he said. In-person attendance at U.S. offices is between 50% and 60%, down from a pre-Covid figure of roughly 80%, Solomon told CNBC’s David Faber on Monday. That figure is […]
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Here’s how you can prepare if there’s a half point rate hike from the Fed
Consumers are spending more to keep up with the surging cost of living and it may get worse before it gets better. “Even though wage growth has been the best in decades, it’s been outpaced by increased household costs,” said Greg McBride, chief financial analyst at Bankrate.com. “With inflation at a 40-year high, that has […]
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Grand jury that will probe Trump on Georgia election meddling is seated
U.S. President Donald Trump attends a campaign rally for Republican U.S. senators David Perdue and Kelly Loeffler, ahead of their January runoff elections to determine control of the U.S. Senate, in Valdosta, Georgia, U.S., December 5, 2020. Jonathan Ernst | Reuters The special grand jury that will help investigate former President Donald Trump for possible […]
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About 150,000 people are using SpaceX’s Starlink internet service daily in Ukraine, government official says
A shipment of SpaceX’s Starlink satellite antennas, also known as terminals, arriving in Ukraine. Fedorov Mykhailo on Twitter Elon Musk’s SpaceX continues to expand its Starlink satellite internet network in besieged Ukraine, with a government official saying that about 150,000 people use the service in the country each day. Ukraine digital minister Mykhailo Fedorov wrote […]
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Citadel’s flagship hedge fund rallied 7% in April during turmoil, brings 2022 returns to nearly 13%
Ken Griffin, Founder and CEO, Citadel Mike Blake | Reuters Billionaire investor Ken Griffin’s hedge fund wowed the industry with big outperformance in April, overcoming a brutal market rout and extreme volatility. Citadel’s multistrategy flagship fund Wellington rallied 7.5% last month, bringing its year-to-date performance to 12.7%, according to a person familiar with the returns. […]
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Uber reports Q1 earnings on Wednesday: Here’s what Wall Street’s watching
Uber CEO Dara Khosrowshahi speaks at a product launch event in San Francisco, California on September 26, 2019. Philip Pacheco | AFP via Getty Images Uber will report first-quarter earnings after the bell on Wednesday and Wall Street notes to investors are providing insight into what investors might expect. The latest financials come after what’s […]
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Supreme Court says Boston should have allowed Christian flag on city property
A man holds a flag he describes as “The Christian Flag.” Right-wing Proud Boy and Patriot Prayer adherents, “Three-Percenters”, and other armed allies of the extreme right demonstrated at Portland, Oregon’s Justice Center on August 22, 2020. John Rudoff | AP The Supreme Court unanimously ruled Monday that Boston violated the Constitution when it refused […]
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