Month: November 2024
Jack Dorsey dramatically scales back crypto ambitions for Block
Jack Dorsey, co-founder of Twitter Inc., speaks during the Bitcoin 2021 conference in Miami, Florida, U.S., on Friday, June 4, 2021. Eva Marie Uzcategui | Bloomberg | Getty Images During the crypto-crazed summer of 2021, when memecoins like dogecoin and Shiba Inu were rocketing alongside bitcoin and ethereum, Square founder Jack Dorsey announced that his […]
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Inflation data will be key hurdle to get through next week after stock market’s historic postelection rally
Inflation data in the week ahead could determine whether a stock market that surged to all-time highs after Donald Trump ‘s decisive victory can continue to push higher. The October consumer and producer prices data are set to release Wednesday and Thursday, respectively, right after the Federal Reserve cut interest rates this week by a […]
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Philadelphia Phillies capital raise values the team at around $3 billion
Philadelphia Phillies Managing Partner and Principle owner John Middleton signs autographs prior to the 2024 London Series game between the New York Mets and the Philadelphia Phillies at London Stadium on Sunday, June 9, 2024 in London, England. Daniel Shirey | Major League Baseball | Getty Images The Philadelphia Phillies recently raised close to $500 […]
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Justice Department brings charges in thwarted Iranian plot to assassinate Trump
An Iranian man picks up a newspaper with an image of the U.S. President-elect, Donald Trump, published on its front page in downtown Tehran, Iran, on November 7, 2024. Morteza Nikoubazl | Nurphoto | Getty Images The Department of Justice on Friday charged an Iranian man and two others in a plot to kill then-candidate […]
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Stocks making the biggest moves midday: Tesla, Airbnb, Toast, Pinterest & more
Check out the companies making headlines in midday trading. Tesla — The electric vehicle stock gained nearly 7%, continuing to rally on the heels of Donald Trump winning a second presidential term. The Elon Musk-helmed company saw its market capitalization rise to $1 trillion on Friday. Shares have gained more than 26% this week. Trump […]
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Healthy Returns: Weight loss drug race heats up with pill data from Viking Therapeutics, AstraZeneca
Aykut Karahan | Istock | Getty Images A version of this article first appeared in CNBC’s Healthy Returns newsletter, which brings the latest health-care news straight to your inbox. Subscribe here to receive future editions. Happy Friday! Buried in the election news this week was new data from drugmakers vying to enter the booming weight […]
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Toyota says California-led EV mandates are ‘impossible’ as states fall short of goal
A sign is displayed outside a Toyota Motor Corp. dealership on Jan. 30, 2024 in Tokyo, Japan. Tomohiro Ohsumi | Getty Images News | Getty Images DETROIT — Toyota Motor sounded the alarm Friday that California-led electric vehicle mandates that are set to start next year are “impossible” to meet and, if they’re not changed, […]
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Special counsel Jack Smith seeks pause in Trump criminal case to assess ‘unprecedented circumstance’
Special counsel Jack Smith makes a statement to reporters about the 37 federal charges returned by a grand jury in an indictment of former U.S. President Donald Trump on charges of unauthorized retention of classified documents and conspiracy to obstruct justice as Smith speaks at his offices in Washington, U.S. June 9, 2023. Leah Millis […]
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Tesla hits $1 trillion market cap as stock rallies after Trump win
Elon Musk on stage before Republican presidential nominee former President Donald Trump speaks at a rally at Madison Square Garden in New York, NY on Sunday, October 27, 2024. The Washington Post | The Washington Post | Getty Images Shares of Tesla climbed more than 5% in mid-morning trading Friday, pushing the electric vehicle maker’s […]
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Trump reiterates no plans to sell DJT after election win; stock soars
This photo illustration shows an image of former President Donald Trump next to a phone screen that is displaying the Truth Social app, in Washington, DC, on February 21, 2022. Stefani Reynolds | AFP | Getty Images Trump Media shares soared Friday after President-elect Donald Trump reaffirmed he has no plans to sell off his […]
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