Day: August 9, 2024
Trump Media reports $16 million loss for quarter as revenue falls
This photo illustration shows an image of former President Donald Trump reflected in a phone screen that is displaying the Truth Social app, in Washington, DC, on February 21, 2022. Stefani Reynolds | AFP | Getty Images Trump Media, the social media company whose majority shareholder is former President Donald Trump, on Friday reported a […]
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A key stock underperformed the market comeback this week
Chipmaking giant Nvidia failed to move up from its losses earlier this week even as the S & P 500 broadly recovered. Nvidia shares slipped 0.2% Friday to finish the week down around 2.4%. That is underperforming not only the broad market index, which closed only 0.04% lower week to date, but it is also […]
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Harris erases Trump’s lead on economy among younger Americans, CNBC/Generation Lab survey finds
U.S. Vice President Kamala Harris and Republican presidential nominee and former U.S. President Donald Trump. Brendan Mcdermid | Elizabeth Frantz | Reuters Younger Americans do not appear to hold Vice President Kamala Harris responsible for what many of them believe is a worsening U.S. economy under the Biden-Harris administration, according to a new survey from CNBC […]
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Bitcoin plunged 28%. Institutional investors bought the dip
The crypto markets appear calm heading into the weekend after a volatile week that tested how institutional investors new to the crypto trade would react to the mammoth swings that are old hat for more seasoned digital currency investors. The selloff in bitcoin and ether began earlier this week and wiped out $367 billion in […]
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Jeremy Siegel backs off on calls for the Fed to do an emergency interest rate cut
Jeremy Siegel Scott Mlyn | CNBC Wharton School Professor Jeremy Siegel no longer thinks it’s vital for the Federal Reserve to implement an emergency interest rate reduction, but still wants policymakers to cut quickly and aggressively. Siegel, chief economist at WisdomTree, caused a stir Monday when he told CNBC that Fed Chair Jerome Powell and […]
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Bitcoin bounces back above $60,000 as cryptocurrency’s rise continues to end week: 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, Ben McMillan, […]
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Passenger plane crashes in Brazil’s Sao Paulo state. It’s unclear how many people were aboard
Brunomartinsimagens | Istock | Getty Images A plane with 62 people aboard crashed in a fiery wreck in a residential area of a city in Brazil’s Sao Paulo state Friday, the airline said, but it was not immediately clear how many people were injured or killed. The airline VoePass confirmed in a statement that a […]
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Cashing in on the dream: How Olympic athletes make money
The International Olympic Committee will hand out more than 300 medals over the course of the Paris Games, but it won’t hand out any cash. “The Olympics has always supposedly been about striving to be the best, without doing it for financial reasons,” said Ben Bloom, a sports journalist who has covered the Olympic Games […]
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Stellantis laying off 2,450 plant workers due to discontinuation of Ram ‘Classic’ pickup truck
The 2019 Ram 1500 Rebel pickup truck is displayed at the North American International Auto Show in Detroit, January 15, 2018. Brendan McDermid | Reuters DETROIT – Automaker Stellantis plans to indefinitely lay off up to 2,450 U.S. factory workers later this year as it discontinues production of an older version of its Ram 1500 […]
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MLB will host its first game at a NASCAR track, aiming to break attendance record
General race action during the Irwin Tools Night Race at the Bristol Motor Speedway. David J. Griffin | Icon Sportswire | Getty Images Baseball fans, start your engines. Major League Baseball announced Friday that NASCAR’s iconic Bristol Motor Speedway will host a regular-season MLB game for the first time next year. The game is set […]
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