Month: June 2024

Bitcoin prices move higher after new data shows inflation slowed in May: CNBC Crypto World
World

Bitcoin prices move higher after new data shows inflation slowed in May: CNBC Crypto World

ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what’s ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today’s show, Johann Kerbrat, […]

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Oil prices rise as supply-demand balance expected to tighten in third quarter
World

Oil prices rise as supply-demand balance expected to tighten in third quarter

Crude oil futures rose Wednesday as traders bet on tightening supplies later in the year. The Federal Reserve’s indication of just one interest rate cut this year and bearish U.S. stockpile data limited the gains. The Department of Energy sees global demand rising this year by 1.1 million barrels per day, or bpd, up from […]

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Judge bars ‘pharma bro’ Martin Shkreli from streaming Wu-Tang Clan album after suit says he copied it
Politics

Judge bars ‘pharma bro’ Martin Shkreli from streaming Wu-Tang Clan album after suit says he copied it

Former drug company executive Martin Shkreli and his lead attorney Benjamin Brafman arrive at U.S. District Court for the fourth day of jury deliberations in his securities fraud trial in the Brooklyn borough of New York City, U.S., August 3, 2017.  Amr Alfiky | Reuters A federal judge temporarily barred notorious “pharma bro” Martin Shkreli […]

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Larry Ellison is  billion richer after Oracle shares rally the most since 2021
Technology

Larry Ellison is $18 billion richer after Oracle shares rally the most since 2021

Larry Ellison, chairman and co-founder of Oracle Corp., speaks during the Oracle OpenWorld 2017 conference in San Francisco on Oct. 1, 2017. David Paul Morris | Bloomberg | Getty Images Oracle Chairman Larry Ellison is $18 billion richer after the software maker he founded in 1977 forecast double-digit revenue growth for the fiscal year, putting […]

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Sony Pictures is buying Alamo Drafthouse, becoming the first studio in 75 years to own a theater chain
Business

Sony Pictures is buying Alamo Drafthouse, becoming the first studio in 75 years to own a theater chain

Interior of an Alamo Drafthouse Cinema theater. Alamo Drafthouse For the first time in more than 75 years, a major Hollywood studio will own a movie theater chain. Sony Pictures has acquired Alamo Drafthouse, the seventh-largest movie theater chain in North America, the company announced Wednesday. The cinema company was purchased from owners Altamont Capital […]

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Here’s the Fed’s new rate forecast that’s moving the markets
Finance

Here’s the Fed’s new rate forecast that’s moving the markets

Federal Reserve Bank Chair Jerome Powell announces that interest rates will remain unchanged during a news conference at the bank’s William McChesney Martin building on May 01, 2024 in Washington, DC.  Chip Somodevilla | Getty Images The Federal Reserve on Wednesday projected only one rate cut for the remainder of 2024, down from its March […]

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Fed holds rates steady, indicates only one cut coming this year
World

Fed holds rates steady, indicates only one cut coming this year

The Federal Reserve on Wednesday kept its key interest rate unchanged and signaled that just one cut is expected before the end of the year. With markets hoping for a more accommodative central bank, Federal Open Market Committee policymakers following their two-day meeting took two rate reductions off the table from the three indicated in […]

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Here is what changed in the new Fed statement
Finance

Here is what changed in the new Fed statement

This is a comparison of Wednesday’s Federal Open up Current market Committee statement with the one issued after the Fed’s previous policymaking conference that concluded Might 1. Textual content eradicated from the prior assertion is in red with a horizontal line via the center. Textual content showing for the initial time in the June statement is in crimson and underlined. […]

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Fisker recalls thousands of Ocean EVs for safety and compliance issues
Business

Fisker recalls thousands of Ocean EVs for safety and compliance issues

The Fisker Ocean electric sports utility vehicle (SUV) during AutoMobility LA ahead of the Los Angeles Auto Show in Los Angeles, California, U.S., on Wednesday, Nov. 17, 2021.  Kyle Grillot | Bloomberg | Getty Images Electric vehicle startup Fisker announced on Wednesday that it is recalling thousands of Ocean SUVs in North America and Europe […]

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Healthy Returns: What we know about the next round of Covid vaccines
Health

Healthy Returns: What we know about the next round of Covid vaccines

New vaccine COMIRNATY® (COVID-19 Vaccine, mRNA) by Pfizer, available at CVS Pharmacy in Eagle Rock, CA.  Irfan Khan | Los Angeles Times | Getty Images Think a friend or colleague should be getting this newsletter? Share this link with them to sign up. Good afternoon! It’s almost that time of the year again. A new […]

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