ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailOn today’s episode of CNBC Crypto World, bitcoin and ether fall. And, the Senate Agriculture Committee releases a draft of its portion of a much-awaited digital assets market structure bill. Plus, Mark Nelsen, head of product at Visa Commercial Money Solutions, breaks down a new pilot allowing businesses and platforms to send payouts directly to the stablecoin wallets of recipients, including creators and freelancers. Source link
Author: usaeverydaylife
A protester holds a sign related to the release of the Jeffrey Epstein case files outside the US Capitol in Washington, DC, Nov. 12, 2025. Saul Loeb | AFP | Getty ImagesA petition in the House of Representatives to force a vote to release the so-called Jeffrey Epstein files on Wednesday secured the last signature required to trigger that action.Rep. Adelita Grijalva, D-Ariz., provided the 218th signature needed to approve the petition shortly after she was sworn in as a House member, after a seven-week delay.The Trump administration has been under fire for months for reneging on promises to release investigative…
Susan Collins, president and chief executive officer of the Federal Reserve Bank of Boston, during a Bloomberg Television interview at the Kansas City Federal Reserve’s Jackson Hole Economic Policy Symposium in Moran, Wyoming, US, on Friday, Aug. 22, 2025. David Paul Morris | Bloomberg | Getty ImagesBoston Federal Reserve President Susan Collins on Wednesday said she will be reluctant to support further interest rate cuts anytime soon with inflation still high and policymakers hampered by a lack of data due to the government shutdown.”Given my baseline outlook, it will likely be appropriate to keep policy rates at the current level…
Chuck Robbins, Cisco CEO, speaking on CNBC’s Squawk Box outside the World Economic Forum in Davos, Switzerland on Jan. 22, 2025.Gerry Miller | CNBCCisco reported better-than-expected profit and revenue for its fiscal first quarter on Wednesday. The stock rose in extended trading. Here’s how the company did in comparison with consensus estimates from LSEG:Earnings per share: $1 adjusted vs. 98 cents expectedRevenue: $14.88 billion vs. $14.77 billion expectedRevenue increased 8% from $13.84 billion in the same period a year earlier. Net income climbed to $2.86 billion, or 72 cents per share, from $2.71 billion, or 68 cents per share, a…
Mug shot of Eric Gillespie, Govini Founder and Chairman.Courtesy: Pennsylvania Attorney GeneralThe founder of Virginia-based defense startup Govini was arrested on charges of attempting to solicit a pre-teen girl for sexual contact in Pennsylvania, authorities said Monday.The founder, Eric Gillespie, 57, was charged with four felonies, including multiple counts of unlawful contact with a minor, according to the Pennsylvania Attorney General’s Office.Gillespie, who lives in Pittsburgh, was denied bail by the judge, citing flight risk and concerns over public safety.His company, which placed him on administrative leave on Monday, has a $900-million U.S. government contract, and multiple deals with the…
Skims underwear is displayed on a shelf at a Nordstrom store on March 25, 2025 in Corte Madera, California. Justin Sullivan | Getty ImagesKim Kardashian’s Skims brand has raised $225 million in new funding led by Goldman Sachs Alternatives, valuing the shapewear and apparel company at $5 billion — up from roughly $4 billion after its 2023 round.The deal comes as Skims nears $1 billion in annual net sales, six years after its 2019 launch, and marks one of the largest private raises for a U.S. consumer brand this year. BDT & MSD Partners’ affiliated funds also joined the round, Skims…
There is still opportunity to grab attractive income in the market these days, but it’s also important to protect against potential risks to the economy, according to portfolio manager Chitrang Purani. As a manager of the Capital Group Core Plus Income ETF (CGCP), he looks to balance those needs for its investors. The exchange-traded fund has a four-star and a bronze rating from Morningstar. It has a 5.23% 30-day SEC yield and an expense ratio of 0.34%. CGCP YTD mountain Capital Group Core Plus Income ETF year to date As a core-plus offering, the ETF adds some exposure outside of…
Wall Street sees more upside ahead for Walt Disney after the entertainment giant’s fiscal fourth-quarter report due Thursday before market open. Disney shares have taken a backseat to the broader market rally this year, up about 5% year to date. Investors will be watching the report for any signs of acceleration at its experiences and streaming businesses. In its fiscal third quarter, Disney’s earnings topped estimates, helped by streaming growth, anchored by its flagship Disney+ service, and higher consumer spending at its theme parks. However, revenue came up short. Several analysts are optimistic about Disney’s projected earnings growth heading into…
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Markets: Stocks were mixed Wednesday as Wall Street hoped for an end to the government’s record-breaking shutdown. The House is set for a final vote in the evening on the Senate-backed bill that could reopen the federal government. The Dow hit an all-time high earlier in the session. The S & P 500 and Nasdaq were under some pressure as tech lagged and investors rotated into sectors like health care and…
With the stock market now halfway through the fourth quarter, the rally’s continuation into year-end and beyond will depend how well we see sector rotation. When we talk about “rotation,” it’s easy to focus on the most underperforming areas that could potentially snap back. While that’s often true, from a technical perspective, it’s equally important to identify lagging areas that are forming bullish pattern setups. One such area is a key component of the financial sector — the iShares U.S. Broker-Dealer & Securities Exchanges ETF (IAI) . IAI is making a new high today, which may not sound unique given that other areas…
