Harvard banners in front Widener Library during the 374th Harvard Commencement in Harvard Yard in Cambridge, Massachusetts, on May 29, 2025. Rick Friedman | AFP | Getty ImagesA federal judge in Massachusetts on Friday again blocked the government’s attempt to revoke Harvard’s ability to enroll international students.U.S. District Judge Allison D. Burroughs issued the preliminary injunction, after granting a temporary restraining order against the administration. In her decision, Burroughs directed the Trump administration to “immediately” prepare guidance to alert officials to disregard original notice and to restore “every visa holder and applicant to the position that individual would have been absent such…
Author: usaeverydaylife
Microstrategy’s rapid rise in market value and continued bitcoin purchases have created risk, even in the portfolios of some investors aiming to ignore crypto altogether, according to JPMorgan. The company, which now calls itself simply Strategy, was the first major firm to transform itself into a bitcoin treasury company. That resulted in a surging stock price and a position in some major market indexes, such as the Nasdaq-100 and the Russell 1000 . JPMorgan strategist Nikolaos Panigirtzoglou cautioned in a note to clients that Strategy’s status in those indexes can cause pain for investors when a downturn comes, and could…
Protesters gather at Ervan Chew Park in Houston, Texas, on June 8, 2025, for a demonstration against Trump immigration policies and mass deportations. A protester holds a sign that reads, ”Free Mahmoud Khalil.” (Photo by Reginald Mathalone/NurPhoto via Getty Images)Reginald Mathalone | Nurphoto | Getty ImagesA federal judge on Friday ordered the Trump administration to release pro-Palestinian activist and Columbia University graduate Mahmoud Khalil from immigration custody.Khalil, whose plight has been center stage of Trump’s vow to crack down on opponents of Israel’s incursion into Gaza, has been in the custody of immigration agents since March 8.”After more than three…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailOn today’s episode of CNBC Crypto World, bitcoin and ether are little changed as investors assess the Fed’s next move on interest rates and President Trump’s strategy for the Israel-Iran conflict. Plus, Coinbase rises after the company shuffles its EU hub to Luxembourg and investors await U.S. stablecoin rules. And, Phil George of EarnOS discusses why brands could could look to stablecoins in the future. Source link
Meta approached artificial intelligence startup Perplexity AI about a potential takeover bid before ultimately investing $14.3 billion into Scale AI, CNBC confirmed on Friday.The two companies did not finalize a deal, and Perplexity ultimately walked away from the discussions, according to a source familiar with the matter who asked not to be named because of the confidential nature of the negotiations.Bloomberg earlier reported the talks between Meta and Perplexity. Perplexity declined to comment. Meta did not immediately respond to CNBC’s request for comment.Meta’s attempt to purchase Perplexity serves as the latest example of Mark Zuckerberg’s aggressive push to bolster his…
Sometimes a stock is too popular or, in stock market parlance, it’s overbought. By our work, such is the case for Roblox (RBLX) . The stock hit a low of $50.10 on April 7. Since then, it’s up more than 100% to around $101. On May 9, 2024, shares traded as low as $25.55. They have surged more than 240% during that time. Here’s what to do: If long: Trim, sell calls, reduce exposure, take measures of some kind, do something before — as they say — someone does it for you. If not involved: Stay away. If engaged in…
Omar Marques | Lightrocket | Getty ImagesEther ETFs have finally come to life this year after some started to fear they may be becoming zombie funds.Collectively, the funds tracking the price of spot ether are on pace for their sixth consecutive week of inflows and eight positive week in the last nine, according to SoSoValue.The second largest cryptocurrency has become more attractive to institutions in recent weeks largely due to recent regulatory momentum in the U.S. around stablecoins – many of which run on the Ethereum network – the successful IPO of Circle, the issuer of the second-largest stablecoin; and…
Major defense stocks can still benefit even if President Donald Trump ‘s “Golden Dome” project fails, according to Bernstein. The prospect of completing the missile defense system before the end of Trump’s term in 2029, which the president has cited as his goal for the project, is highly unlikely, analyst Douglas Harned wrote in a note to clients last week. However, that doesn’t mean the effort won’t drive business for the defense industry, he said. “Even if the system fails to deliver, we expect elements to survive and for companies to profit off efforts, even when they do not succeed…
A person walks past the U.S. Supreme Court in Washington, D.C., U.S., April 21, 2025.Kevin Lamarque | ReutersThe Supreme Court on Friday rejected a request from two toy companies to expedite their challenge to President Donald Trump’s tariffs.The ruling from the nation’s high court means that the Trump administration now has the standard 30-day window to file its response to the challenge.The two small family-owned companies, Learning Resources and hand2mind, argued that the International Emergency Economic Powers Act does not give Trump the authority to implement his tariffs on products from China.The companies on Tuesday asked the Supreme Court to…
Market volatility and geopolitical tensions haven’t slowed demand for private jets, although the travel patterns of the wealthy are changing, according to the president of NetJets. The summer travel season is shaping up to be another strong year for NetJets, with wealthy Americans traveling both within the U.S. and Europe, NetJets President Patrick Gallagher told CNBC. “In terms of what we see in future demand, there’s really been no signs of slowdown, even in this period of market volatility and uncertainty and tariff concerns,” Gallagher said. “We watch all the leading indicators very closely: How much are our existing customers…
