Bitcoin should rip higher under President-elect Donald Trump, according to BlackRock’s ETF chief.Samara Cohen, the firm’s ETF and index instruments chief investment officer, thinks cryptocurrency deregulation will “absolutely” propel bitcoin to another historic year.”There will be progress made on… FIT21 [“Financial Innovation and Technology for the 21st Century Act.] There will be progress made on stable coins. There will be progress made just on definitions in taxonomy,” she told CNBC’s “ETF Edge” this week.Cohen is behind the firm’s iShares Bitcoin Trust (IBIT) – which is up 114% since its January 2024 debut and up almost 8% year to date. It comes as…
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The final trades of the day with CNBC’s Melissa Lee and the Fast Money traders. Source link
View of Space X’s Starship on the launch pad for its seventh test flight, in Boca Chica, Texas, U.S.Maxar Technologies | Via ReutersSpaceX launched the seventh test flight of its Starship rocket on Thursday, but lost communication with the upper stage of the rocket that continues on into space.The company’s webcast showed data stopped transmitting from Starship about nine minutes into the launch.”We can confirm that we did lose the ship,” SpaceX senior manager of quality systems engineering Kate Tice said.SpaceX said in a post on X that the ship broke up during its ascent burn and that it would “continue to review data from today’s flight…
If President-elect Donald Trump follows through with his threat to impose tariffs on Canadian goods, Ottawa is prepared to retaliate with levies that could take aim at the energy sector, Canada’s minister of international trade, Mary Ng, said Thursday.”Everything is on the table,” Ng told global markets reporter Seema Mody on CNBC’s “Squawk on the Street.”This includes dollar-to-dollar retaliation. Canada’s trade chief also refused to rule out an export tax on Canadian oil and gas bound for the United States.”I don’t actually think Americans want us to not be selling electricity, oil and gas to America, because you know, I’m…
A Duolingo logo is seen on a smartphone.Pavlo Gonchar | LightRocket | Getty ImagesDuolingo shares rose nearly 7% on Thursday following a large spike in users signing up to learn Mandarin in conjunction with soaring usage of Chinese social media app RedNote, a TikTok rival. The company confirmed to CNBC that there’s been a 216% increase in Mandarin learners using the app compared to a year earlier. For context, Spanish, one of the most popular languages on the app, has seen a 40% increase over the same period, Duolingo said. RedNote, or Xiaohongshu, as it’s known in China, has rocketed…
Ichiro! How many votes will he get — and how many flights are there from Tokyo to Cooperstown?Billy Wagner! The last time he threw a pitch was in 2010 … when he struck out the side in the ninth. But will he strike out Tuesday, in his final appearance on the Baseball Hall of Fame ballot?CC Sabathia! Dustin Pedroia! Félix Hernández! They’re all on the ballot for the first time. Not so long ago, they were beloved faces of their franchises. But did all three get my vote? It took me a while to answer that question.I filled up all…
Negotiators raced on Thursday to resolve last-minute disputes in a cease-fire agreement between Israel and Hamas that would free hostages and halt the violence that has devastated Gaza over the past 15 months.The disputes helped delay by at least one day a critical Israeli vote to approve the deal.Even though negotiators for Israel and Hamas reached a provisional agreement on Wednesday, they continued to discuss outstanding issues through mediators. The Israeli cabinet, whose approval is needed to move the cease-fire ahead, had been expected to vote on it on Thursday, but the vote was postponed. The deal has reopened deep…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailFast MoneyMandy Xu, Cboe Global Markets head of derivatives, joins ‘Fast Money’ to discuss what she expects volatility to look like in 2025.04:4422 minutes ago Source link
The General Motors headquarters inside the Renaissance Center in Detroit on April 15, 2024.Jeff Kowalsky | Bloomberg | Getty ImagesU.S. automaker General Motors will be banned for five years from disclosing consumers’ sensitive geolocation and driver behavior data to consumer reporting agencies, the Federal Trade Commission said in a statement on Thursday.The agency alleged General Motors collected, used, and sold drivers’ precise geolocation data and driving behavior information from millions of vehicles, which can be used to set insurance rates, without notifying consumers and obtaining consent.The company has settled the FTC’s allegations, the regulatory agency added. Source link
Tom Goldstein, who writes SCOTUSblog.com, poses for a photograph in front of the Supreme Court, Thursday, Oct. 31, 2013, in Washington.Alex Brandon | APA top Supreme Court lawyer who co-founded a popular blog about the high court was indicted Thursday in Maryland on federal tax evasion charges, which allege he failed to declare millions of dollars in poker winnings and used his law firm’s money to pay his gambling debts.SCOTUSblog publisher Tom Goldstein, who is also charged with making false statements to two mortgage lenders, has appeared before the Supreme Court more times than nearly any other attorney in private…
