Breaking News: Investing
Credit card startup Imprint beats big banks for Rakuten co-brand deal
A view of the logo of Rakuten Mobile at its branch in Tokyo, Japan, November 28, 2023. Staff | Reuters There’s a new player making waves in an industry dominated by big banks. Imprint, the 5-year-old credit card startup, beat out banks in a competitive bidding process for a new co-branded card from online shopping […]
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Astronomer CEO’s ‘kiss cam’ controversy sparked over $7 million in prediction markets bets on his ouster
Jordi Vidal | Redferns | Getty Images Astronomer CEO Andy Byron’s controversy went so viral that it sparked millions of dollars in bets on prediction markets over his resignation. On July 16, Bryon was caught on camera hugging his human resources director Kristin Cabot on a kiss cam during a Coldplay concert with the two quickly […]
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JPMorgan Chase overhauls quantum computing leadership, poaches State Street executive
Key Points JPMorgan Chase has overhauled the leadership of its internal research group responsible for quantum computing and other forms of advanced technology, CNBC has learned. Marco Pistoia, the former IBM inventor who became head of JPMorgan’s applied research group in 2020, has recently left the bank, according to a person briefed on the matter. […]
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This crypto treasury firm is vying to be the MicroStrategy of ether–but with a focus on generating yield
Jaque Silva | Nurphoto | Getty Images The latest crypto treasury company is set to hit the public market with an ambitious plan to build the largest public vehicle for institutional exposure to ether. The Ether Machine will begin trading on the Nasdaq Monday through a merger with blank check company Dynamix Corporation. Andrew Keys, […]
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Buy these five stocks ahead of earnings, Morgan Stanley says
There’s a slew of stocks with more room to run ahead of earnings, according to Morgan Stanley. The firm’s analysts believe stocks such as AT & T are must-owns as the quarterly reporting season continues, they said. Other overweight-rated names include: Yum China, Starbucks , O’Reilly Automotive and Clearwater Analytics. Yum China Buy the dip […]
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Rich American Express customers continue to spend freely, with one exception
American Express has long benefited from a focus on wealthier customers who appreciate the credit card company’s travel and dining perks. That has helped insulate the company from concerns over a spending slowdown. In the second quarter, total spending on Amex cards jumped 7%, matching the first quarter and higher than the 6% increase a […]
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Ether and trading stocks take the crypto spotlight as Congress passes historic stablecoin bill
Jonathan Raa | Nurphoto | Getty Images Ether and other crypto related stocks climbed to end the week as the GENIUS Act heads to President Donald Trump’s desk to be signed into law. Bitcoin and its proxies took a breather. The price of ether was last higher by 3.6% at $3,558.68, according to Coin Metrics, […]
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Banks are thriving so far in Trump’s economy. Here’s what that means for markets and the consumer
(L-R) Brian Moynihan, Chairman and CEO of Bank of America; Jamie Dimon, Chairman and CEO of JPMorgan Chase; and Jane Fraser, CEO of Citigroup; testify during a Senate Banking Committee hearing at the Hart Senate Office Building in Washington, D.C., on Dec. 6, 2023. Saul Loeb | Afp | Getty Images Nearly everywhere you look […]
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5 things to know before the stock market opens Thursday
Here are five key things investors need to know to start the trading day: 1. Mixed messages President Donald Trump on Wednesday denied the he plans to fire Federal Reserve Chair Jerome Powell following reports that he told Republican lawmakers that he would. A senior White House official told CNBC that Trump asked House Republicans […]
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Crypto accumulator DeFi Development to expand globally by franchising its Solana treasury model
Omar Marques | Sopa Images | Lightrocket | Getty Images DeFi Development, a company vying to be the MicroStrategy of Solana, is expanding internationally through a franchise model. The company plans to partner with others looking to operate their own Solana treasuries with DeFi’s support. In return, DeFi Development will retain an equity stake in […]
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