Month: July 2022
Richard Branson takes a stake in Lightyear, a start-up hoping to become Europe’s answer to Robinhood
The Lightyear app. Lightyear Lightyear, a European challenger to trading platform Robinhood, has raised $25 million of funding in an investment round backed by British billionaire Richard Branson. Silicon Valley’s Lightspeed Venture Partners led the deal, the company told CNBC exclusively — a rare vote of confidence for an upstart brokerage at a time when […]
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Average rent in Manhattan was a record $5,000 last month
A Chelsea Tower rental apartments billboard. Jeff Greenberg | Getty Images The average monthly rent for a Manhattan apartment surpassed $5,000 for the first time — and brokers say demand and prices are headed even higher into the fall. The average apartment rent in June was $5,058, the highest on record, according to a report […]
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This ‘crypto winter’ is unlike any downturn in the history of digital currencies. Here’s why
There’s something about the latest crypto crash that makes it different from previous downturns. Artur Widak | Nurphoto | Getty Images The two words on every crypto investor’s lips right now are undoubtedly “crypto winter.” Cryptocurrencies have suffered a brutal comedown this year, losing $2 trillion in value since the height of a massive rally […]
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Hyundai unveils new Ioniq 6 EV — an ‘electrified streamliner’ with unique design
The newest electric vehicle from Hyundai Motor is a sedan with a unique bubbly design. The South Korean automaker unveiled the Ioniq 6 Wednesday night as an “electrified streamliner,” a nod to its aerodynamic design that Americans may know best through the design of an Airstream trailer. It’s a major shift in styling from the […]
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The Fed is winning against inflation despite red-hot June CPI number, Jim Cramer says
CNBC’s Jim Cramer on Wednesday said that while consumer prices rose sharper in June than Wall Street expected, the Federal Reserve is close to beating inflation. “I think we have a real shot at putting in … a short term bottom here given that the Federal Reserve can probably put through one more big rate […]
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Charts suggest the euro could see a ‘swift rally’ and lift the market with it, says Jim Cramer
CNBC’s Jim Cramer on Wednesday said that the euro could rise in value in the near future, relying on analysis from DeCarley Trading technician Carley Garner. “The charts, as interpreted by Carley Garner, suggest that the euro’s ready to rebound — if not now then very soon — and I wouldn’t be surprised if she’s […]
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Embattled crypto lender Celsius informs state regulators that it’s filing for bankruptcy ‘imminently,’ source says
Celsius on Thursday was sued by former investment manager Jason Stone, as pressure continues to mount on the firm amid a crash in cryptocurrency prices. Stone has alleged, among other things, that Celsius CEO Alex Mashinsky (above) was “able to enrich himself considerably.” Piaras Ó Mídheach | Sportsfile for Web Summit | Getty Images Crypto […]
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Cramer’s lightning round: I want to buy Flex
Sign up now for the CNBC Investing Club to follow Jim Cramer’s every move in the market. Questions for Cramer?Call Cramer: 1-800-743-CNBC Want to take a deep dive into Cramer’s world? Hit him up!Mad Money Twitter – Jim Cramer Twitter – Facebook – Instagram Questions, comments, suggestions for the “Mad Money” website? [email protected] Source
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United Airlines, pilots’ union to renegotiate contract after last deal faced opposition
United Airlines and its pilots’ union are going back to the negotiating table for a new contract, a setback for the carrier after it was the first to reach a tentative agreement since the pandemic started. The United branch of the Air Line Pilots Association acknowledged Wednesday that the current agreement “fell short” of some […]
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Truist initiates coverage of Tesla with a buy rating and $1,000 price target
Tesla has another bull in its corner. Truist Securities on Wednesday initiated coverage of the electric vehicle maker with a buy rating and price target of $1,000. That represents a more than 40% upside from where shares closed at $711.12 during Wednesday’s session. “We believe the company’s best days, in terms of volume production, product […]
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