Month: August 2022
Some social media influencers are being paid thousands to endorse cryptocurrency projects
Ben Armstrong says his crisis of conscience came in January of this year, when he realized he had to stop a business practice he — and a lot of other people in his line of work — had been engaged in for years. Armstrong is one of the most-watched crypto influencers on YouTube. His channel, […]
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Stocks making the biggest moves premarket: Six Flags, Canada Goose, Warby Parker and more
Check out the companies making headlines before the bell: Six Flags (SIX) – The theme park operator’s stock tumbled 12.8% in the premarket after its quarterly profit and revenue fell well short of Wall Street forecasts. Six Flags saw its results hit by a 22% drop in attendance, among other factors. Canada Goose (GOOS) – […]
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Warby Parker slashes sales outlook for the year as loss widens
A general view of the atmosphere at Warby Parker’s store in The Standard, Hollywood Michael Buckner | Warby Parker | Getty Images Warby Parker on Thursday joined the slew of retailers that have cut their financial forecasts for the year, even as it reported a narrower-than-expected loss in its fiscal second quarter and sales in-line […]
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Satellite images show Russian warplanes destroyed in Crimea; Moscow’s military exports under strain
Satellite imagery shows at least 8 Russian warplanes hit in Crimea attack Satellite imagery from U.S.-based Planet Labs shows at least eight Russian warplanes damaged or destroyed from massive explosions that took place on Tuesday at Russia’s Saky airbase in Crimea. The Kremlin has denied that any planes were damaged in the blasts that it […]
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Beijing’s new trade restrictions on Taiwan after Pelosi’s visit are a drop in the ocean
Beijing’s new trade blocks against Taiwan affect about 0.04% of their two-way trade, making them more political than economic. Beijing took action against Taiwan following U.S. House Speaker Nancy Pelosi’s visit to the island earlier this month despite warnings from Beijing. That included suspensions of imports of Taiwanese citrus, frozen fish, sweets and biscuits and […]
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Ethereum just wrapped the final dress rehearsal for one of the most important events in crypto
Ethereum is the world’s second-biggest cryptocurrency, and it’s giving bitcoin a run for its money. Getty Ethereum, the second-largest cryptocurrency by market value, just ran a final dress rehearsal ahead of a years-awaited upgrade that’s been billed as one of the most important events in the history of crypto. Since its creation almost a decade […]
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Ford CEO doesn’t expect electric vehicle battery costs to drop anytime soon
Ford CEO Jim Farley poses with the Ford F-150 Lightning pickup truck in Dearborn, Michigan, May 19, 2021. Rebecca Cook | Reuters WAYNE, Mich. – Ford Motor CEO Jim Farley does not expect the costs of raw materials for the company’s electric vehicles to ease in the near future, marking the latest signal that automakers […]
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Software company acquisitions are a bullish sign for the sector’s stocks, Cramer says
CNBC’s Jim Cramer on Wednesday said that software company acquisitions that have gotten rolling in recent weeks suggest that stocks in the sector could be close to bottoming. “The long software nightmare may finally be over, although I still urge you to be selective with these things and stick with the ones that actually make […]
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Cramer’s lightning round: Trinseo is not a buy
“Mad Money” host Jim Cramer rings the lightning round bell, which means he’s giving his answers to callers’ stock questions at rapid speed. Source
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What ‘crypto winter?’ Schwab launches ETF giving investors significant cryptocurrency exposure
Investors have a new way to buy cryptocurrencies. Schwab Asset Management released its Schwab Crypto Thematic ETF (STCE) this month to answer investor demand. David Botset, who was directly involved in the launch, told CNBC’s “ETF Edge” the new product is unique because investors get an indirect way to significantly play cryptocurrencies. “It is a […]
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