Representation of Bitcoin cryptocurrency in this illustration taken Sept. 10, 2025. Dado Ruvic | ReutersBitcoin dipped below $95,000 on Friday, pushing the world’s oldest cryptocurrency further into the red and continuing its four-day decline amid a broader artificial intelligence-linked stock pullback.The digital asset hit $94,491.22 early Friday, marking its lowest level since May 7. Bitcoin is down nearly 9% week to date, despite briefly reclaiming $107,000 at one point on Tuesday and then rolling over.The token was last trading at $97,163.99, or 1% lower on the day, as it regained some of its morning losses.The largest crypto by market capitalization…
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David Einhorn’s Greenlight Capital poured money into PG & E and other consumer-facing stocks in the third quarter, while also reducing some technology exposure. The hedge fund manager built out a stake worth nearly $100 million in California-based utility PG & E during the three months ended Sept. 30, regulatory fillings show, making it the seventh-largest holding in the hedge fund, according to InsiderScore. Einhorn dove into PG & E as it rebounded after selling off 31% in the first half of the year in the wake of the deadly Los Angeles-area wildfires in January. Shares rose more than 8%…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailJared Holz, Mizuho, joins ‘Fast Money’ to talk the uptick in biotech and pharma M&A, what it is signaling, and how to play it.05:29Fri, Nov 14 20255:58 PM EST Source link
Bottles of prescription painkiller OxyContin pills, made by Purdue Pharma LP sit on a counter at a local pharmacy in Provo, Utah, U.S., April 25, 2017. George Frey | ReutersA federal bankruptcy judge said on Friday he will approve a restructuring plan for drugmaker Purdue Pharma that includes a $7.4 billion settlement resolving claims that it fueled the U.S. opioid epidemic through the sale of addictive pain medications like OxyContin.U.S. Bankruptcy Judge Sean Lane, during a hearing in White Plains, New York, indicated he plans to sign off on Purdue’s Chapter 11 plan, capping off a years-long bankruptcy case that began in 2019, the…
Kathy Ruemmler, former White House counsel, appears on “Meet the Press” in Washington, D.C., June 29, 2014.William B. Plowman | NBC Newswire | NBCUniversal | Getty ImagesGoldman Sachs on Thursday backed its top lawyer, Kathy Ruemmler, a day after a congressional committee released chummy emails she exchanged with notorious sex offender Jeffrey Epstein before she joined the investment bank.Those emails feature Ruemmler, who served as White House counsel to former President Barack Obama, and Epstein exchanging thoughts about President Donald Trump, former President Bill Clinton, Facebook founder Mark Zuckerberg, and overweight highway rest stop patrons.”See you at 2, I ordered…
Britain’s Chancellor of the Exchequer Rachel Reeves (R) stands with Britain’s Prime Minister Keir Starmer (L) as she is applauded after delivering her speech on the second day of the annual Labour Party conference in Liverpool, north-west England, on September 29, 2025. Oli Scarff | Afp | Getty ImagesIf political maneuvers were a dance, Labour needs a new teacher. British Prime Minister Keir Starmer and Finance Minister Rachel Reeves have been waltzing with four left feet.First, Reeves hinted at breaking Labour’s manifesto pledge by raising income tax — a bold move, framed as necessary to plug a £30 billion ($39.4…
In this photo illustration, the StubHub logo and webpage are displayed on a cell phone and computer monitor on April 17, 2024 in Los Angeles, California. Mario Tama | Getty ImagesStubHub’s stock plummeted 21% on Friday after the company withheld financial guidance for the current quarter, citing a “long-term” focus.StubHub CEO Eric Baker told investors on Thursday’s conference call that the timing of when tickets go on sale can shift from quarter to quarter, making it hard to predict consumer demand.Baker reiterated that demand for live events is “phenomenal,” and added that the company plans to offer an outlook for 2026…
Traders work on the floor of the New York Stock Exchange (NYSE) in New York on November 14, 2025. Charly Triballeau | Afp | Getty ImagesThe Nasdaq Composite rebounded on Friday as investors bought up shares of key technology stocks a day after the group led Wall Street to its worst day in more than a month.The tech-heavy Nasdaq gained 0.13% to finish at 22,900.59, snapping a three-day losing streak. The S&P 500 finished near the flatline, down just 0.05% at 6,734.11, while the Dow Jones Industrial Average lost 309.74 points, or 0.65%, to settle at 47,147.48. The three indexes…
An exterior view of the new JPMorgan Chase global headquarters building at 270 Park Avenue on Nov. 13, 2025 in New York City. Angela Weiss | AFP | Getty ImagesJPMorgan Chase has secured deals ensuring it will get paid by the fintech firms responsible for nearly all the data requests made by third-party apps connected to customer bank accounts, CNBC has learned.The bank has signed updated contracts with the fintech middlemen that make up more than 95% of the data pulls on its systems, including Plaid, Yodlee, Morningstar and Akoya, according to JPMorgan spokesman Drew Pusateri.”We’ve come to agreements that…
We’re fed up with Disney . “It’s a hated stock,” Jim Cramer said Thursday during the November Monthly Meeting for Club members. “Sometimes, you gotta go. And, I don’t want to fight Disney anymore.” Jim’s comments came as Disney stock sank nearly 8% following mixed quarterly results, with a streaming miss and little else to hang our hats on. Revenue in the company’s fiscal 2025 fourth quarter was largely unchanged year over year at $22.46 billion, missing expectations of $22.75 billion, according to LSEG. Adjusted earnings per share in the three months ended Sept. 27 totaled $1.11, outpacing the LSEG…
