Year: 2024
Grayscale’s Zach Pandl reveals how politics and the economy are driving bitcoin’s bull run
The crypto market has the wind in its sails as 2025 kicks off, especially given the current macro and political backdrop, according to Grayscale’s Zach Pandl. “It was an excellent year not only for crypto, but for many other assets,” the firm’s managing director of research told CNBC’s Tanaya Macheel in this special Pro Talks […]
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Nearly all of Puerto Rico is without power on New Year’s Eve
Joggers exercise on a dark street in San Juan, Puerto Rico after a major power outage hit the island on December 31, 2024. Ricardo Arduengo | AFP | Getty Images A blackout hit nearly all of Puerto Rico early Tuesday as the U.S. territory prepared to celebrate New Year’s Eve. More than 1.2 million out […]
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Stocks making the biggest moves premarket: MicroStrategy, VeriSign, Sangamo Therapeutics and more
Check out the companies making headlines before the bell. Crypto stocks – Stocks tied to the price of bitcoin gained as the cryptocurrency inched higher on Tuesday. Bitcoin proxy MicroStrategy advanced nearly 5%, while crypto services provider Coinbase rose more than 2%. Miners Mara Holdings and Riot Platforms also each moved more than 2% higher. […]
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Silicon Valley’s turn of fortune: Intel has worst year ever, while Broadcom enjoys record gain
Hock Tan, CEO of Broadcom (L) and former CEO of Intel, Pat Gelsinger. Reuters | CNBC It was a big year for silicon in Silicon Valley — but a brutal one for the company most responsible for the area’s moniker. Intel, the 56-year-old chipmaker co-founded by industry pioneers Gordon Moore and Robert Noyce and legendary […]
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Art Cashin’s sons pay homage to NYSE legend by carrying on New Year’s poem tradition
watch now VIDEO1:2901:29 Traders sing ‘Wait Till the Sun Shines, Nellie’ at the NYSE The Exchange For decades, Art Cashin, UBS’ director of floor operations at the New York Stock Exchange, would write a New Year’s poem to reflect back on the year’s events. With Cashin’s passing earlier this month, his sons, Arthur and Peter, […]
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Alibaba slashes prices on large language models by up to 85% as China AI rivalry heats up
The World Artificial Intelligence Conference in Shanghai in July 2023. Aly Song | Reuters Alibaba is cutting prices on its large language models by up to 85%, the Chinese tech giant announced Tuesday. The Hangzhou-based e-commerce firm’s cloud computing division, Alibaba Cloud, said in a WeChat post that it’s offering the price cuts on its […]
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NYC congestion pricing set to start as planned Sunday after ruling in final lawsuit
Cars pass under toll machines on Broadway Avenue in the Manhattan borough of New York City on November 14, 2024. Charly Triballeau | AFP | Getty Images With just days to go before the nation’s first congestion toll begins in New York City, the pricing plan may have passed its final hurdle in a ruling from a […]
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The world’s top hotels and restaurants are changing how they serve water
You can ask for a bottle of Evian or San Pellegrino at Singapore’s three-Michelin-starred Restaurant Zen. But you won’t get one. The restaurant, which charges nearly $500 per person for dinner, only serves water from the Swedish company Nordaq, said Executive Chef Martin Öfner. Dishes and drinks at the restaurant are made from the […]
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European markets expected to see muted open ahead of the New Year holiday
European markets are expected to open flat to lower Tuesday ahead of the New Year holiday. London’s FTSE 100 index is expected to open 20 points lower at 8,100 and France’s CAC 40 is seen opening 5 points lower at 7,309. Both bourses will be closing early today. Markets in Germany and Italy are shut […]
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The fishing industry is in crisis — could lab-grown seafood be the answer?
A Singapore-based company is taking cells from endangered, threatened and protected seafood species and growing them in a lab. As overfishing, ocean pollution and climate change threaten marine ecosystems, lab-grown fish and seafood have been touted by some as a potential solution to the fishing industry’s challenges. Singapore-based company Umami Bioworks is developing a platform […]
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