ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailOn today’s episode of CNBC Crypto World, crypto executives, including Tom Lee, chairman of the board for BitMine Immersion Technologies, and Strategy co-founder Michael Saylor, gathered in Washington to push forward legislation looking to establish the U.S. strategic bitcoin reserve. And Mike Johnson, EY Americas digital assets solution lead, breaks down a new report focused on stablecoins. Source link
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Utah County Attorney Jeffrey S. Gray speaks during a press conference about the charges and next steps in the case of Tyler Robinson, who is suspected of fatally shooting U.S. right-wing activist and commentator Charlie Kirk, an ally of U.S. President Donald Trump, in Provo, Utah, U.S., Sept. 16, 2025.Jim Urquhart | ReutersUtah prosecutors on Tuesday charged Tyler Robinson with aggravated murder, felony discharge of a firearm, obstruction of justice, witness tampering and several other counts in the fatal shooting of conservative activist Charlie Kirk.Utah County Attorney Jeff Gray said he intends to seek the death penalty in the case.”I…
Waymo partners with Uber to bring robotaxi service to Atlanta and Austin.Uber Technologies Inc.Alphabet-owned Waymo obtained a permit to start testing its robotaxis at San Francisco International Airport, San Francisco Mayor Daniel Lurie and the company announced on Tuesday.Waymo will partner with the airport to roll out its commercial robotaxi service in phases, “beginning with employee testing soon ahead of welcoming Bay Area riders,” company spokesperson Chris Bonelli told CNBC.That means the robotaxis will start with human drivers on board, ready to take control of the vehicles if needed, and eventually operate as a driverless ride-hail service.Waymo is already operating…
After posting disappointing earnings on July 29, Starbucks (SBUX) has been in a steady downtrend for the past two months. Meanwhile, the broader market continues to notch new all-time highs. With the upcoming FOMC meeting potentially signaling the start of a rate-cut cycle, the old market adage — “a rising tide lifts all boats” — could soon come into play. With that in mind, I’m scanning for stocks that haven’t yet reached overbought territory, and SBUX fits that bill. The stock remains in a downtrend, so patience and confirmation are key before stepping in. It’s worth noting that I’m not…
Sanjay Beri, chief executive officer and founder of Netskope Inc., listens during a Bloomberg West television interview in San Francisco, California.David Paul Morris | Bloomberg | Getty ImagesNetskope is targeting a $7.3 billion valuation in its upcoming initial public offering, after lifting its planned price range.The cybersecurity company said it plans to sell 47.8 million shares at between $17 and $19 apiece. The deal would raise as much as $908 million at the top end.That’s up from a previous range of $15 to $17 a share the company revealed in a filing last week, at a $6.5 billion valuation.The cloud…
New product initiatives from Arista Networks could put the company on a clear path to rival artificial intelligence darling Nvidia and others, according to Needham. Analyst Ryan Koontz, who has a buy rating on the network equipment name, increased his price target on Tuesday to $160 from $155. That reflects around 10% upside from Monday’s close. “At its Analyst Day Arista management laid out … a compelling vision for the continued transformation of the company, outlining new Cloud/AI capabilities” that target Nvidia, the analyst wrote. “We also gained strong appreciation for key new senior management hires whom we see as…
Gold should be a winner if the Federal Reserve cuts interest rates tomorrow as the market expects, according to Bank of America. The Fed is poised to lower the cost of money even though inflation stayed stubbornly high at an annual rate of 2.9% in August. In the past quarter century, gold has never declined in price when the central bank eases monetary policy at the same time as inflation remains above the central bank’s 2% target, according to Bank of America’s commodity analysts. “In fact, even if we disregard the Global Financial Crisis , gold has returned around 13%…
A Youtube podcast microphone is seen at the Variety Podcasting Brunch Presented By YouTube at Austin Proper Hotel in Austin, Texas, on March 8, 2025.Mat Hayward | Variety | Getty ImagesYouTube said on Tuesday it has paid out over $100 billion to creators, artists and media companies since 2021.The surge has been fueled in part by growing viewership on connected TVs. The number of channels making more than $100,000 from TV screens jumped 45% year over year, the company said.YouTube Chief Product Officer Johanna Voolich praised the power of creators to “shape culture and entertainment in ways we never thought…
Check out the companies making the biggest moves midday: Webtoon Entertainment — Shares rallied 31% after the company reached a deal to create a digital comic platform for Disney. Webtoon also agreed to sell a 2% equity stake to the media giant. Emerson Electric — The engineering company fell 4.5%. Its management told a JPMorgan conference that fourth-quarter orders are likely to come in at the end of its guidance range, citing weakness in Europe and China. Hims & Hers Health – The telehealth name dipped about 7% after it received a warning letter from the U.S. Food and Drug…
Which stocks are set to benefit from falling interest rates? It depends, according to Citi. Investors are jockeying to get ahead of this week’s Federal Reserve meeting, at which the central bank is universally expected to lower rates for the first time since December. Markets are pricing in a quarter-percentage-point cut at the conclusion of the Sept. 16-17 meeting, with a small possibility of a jumbo cut. There are four more cuts expected to come through March of next year. Yet, how investors should position for a lower interest rate environment hinges on what happens next with the economy, according…
