NEW YORK — Sabrina Ionescu’s final pass of the New York Liberty’s 91-82 Game 2 victory over the Atlanta Dream was to no one in particular. In fact, it was less of a chest pass, and more of a celebratory spike — an emphatic bounce of the basketball around midcourt after a 36-point, nine-assist masterclass that lifted the top-seeded Liberty into the WNBA semifinals. Ionescu opened Tuesday’s scoring with a 3-pointer on New York’s first possession and sealed the victory with the series’ final pair of free throws. She did plenty in between after saying the Liberty had no intentions of…
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Analysts are warning that Coinbase could be entering a down trend after the stock scored a six-day-long advance. The crypto exchange operator finished almost 1% higher Tuesday at $171.68 per share and notched its longest string of gains since early March, around the time that bitcoin hit an all-time high. During the latest rally, Coinbase climbed 6.3% from Sept. 16 through Tuesday. In early trading Wednesday, Coinbase rose as much as 1.3%, paving the way for what may be its seventh straight gain. What’s worrying now for technical analysts who watch price charts, however, is that earlier this week Coinbase’s…
A Starbucks worker wears a t-shirt and button promoting unionization on April 7, 2022, in Chicago. John J. Kim | Chicago Tribune | Tribune News Service | Getty ImagesStarbucks CEO Brian Niccol said the coffee chain is committed to bargaining in good faith with the union that represents many of its baristas, as the two sides work to craft a labor deal.”I deeply respect the right of partners to choose, through a fair and democratic process, to be represented by a union,” Niccol wrote on Tuesday in a letter to the union obtained by CNBC. “If our partners choose to be…
Anna Barclay | Getty ImagesTrump Media stock shot up more than 11% Wednesday morning, as the company majority owned by Donald Trump looked to claw back losses from a punishing sell-off that picked up steam after insiders’ lockups expired.DJT stock rose at the opening bell and popped higher around 10 a.m. ET, with shares trading above $14.10. Trump Media closed more than 5% higher Tuesday, snapping a six-day losing streak.The positive turn for the Truth Social owner follows a monthslong stock slump that erased billions of dollars from the company’s market capitalization. Stock Chart IconStock chart iconTrump Media (DJT) Stock…
Football shirts were once an item of clothing for a) players to wear at work, and b) fans to sport on the terraces in solidarity with the lads out on the pitch.Now, what must seem abruptly to the uninitiated, they have become the uniform for British music festivals and a source of inspiration for major fashion houses.Several moments signalled the shift to football shirts becoming mainstream during the 2010s.For example, Drake, the Canadian music artist, wore the 2015-16 season’s pink away shirt of leading Italian club Juventus, leading to an internet scramble from his fanbase. And two years later, the…
Fintech stocks have been in a rut since 2021. That may be about to change. Wolfe Research technical strategist Rob Ginsberg pointed out the Global X FinTech ETF (FINX) is close to reaching the $30 level for the first time since 2022. The fund is also trading back above its 50- and 200-day moving averages. While financials overall have done well recently, “fintech names have lagged, and appear to just be turning higher from a longer-term perspective. The FINX ETF illustrates this well. Not yet overbought, but clearly trying to breakout, $30+ should be in the cards.” The fund has…
An artist rendering of the Oklo powerhouse, called the Aurora. Image credit: GenslerImage courtesy OkloNuclear startup Oklo is moving closer to initial construction of its first commercial microreactor, CEO Jacob DeWitte told CNBC in an interview.Oklo has received the greenlight from the Department of Energy to conduct site investigations for the planned reactor at Idaho National Laboratory in Idaho Falls, the company announced on Wednesday.The site investigations will focus on infrastructure planning, environmental surveys and geotechnical assessments.”This sets the stage for doing all the initial site … prep work, and what I would call initial construction activities,” DeWitte said. He…
Multiple Secret Service failures ahead of the July rally for former President Donald Trump where a gunman opened fire were “foreseeable, preventable, and directly related to the events resulting in the assassination attempt that day,” according to a bipartisan Senate investigation released Wednesday.Similar to the agency’s own internal investigation and an ongoing bipartisan House probe, the interim report from the Senate Homeland Security and Governmental Affairs Committee found multiple failures on almost every level ahead of the Butler, Pennsylvania shooting, including in planning, communications, security and allocation of resources.”The consequences of those failures were dire,” said Michigan Sen. Gary Peters, the Democratic chairman of the Homeland panel.Investigators…
A Southwest Airlines plane takes off from Hollywood Burbank Airport on July 25, 2024 in Burbank, California. Mario Tama | Getty ImagesSouthwest Airlines is planning to reduce service to and from Atlanta next year, cutting more than 300 pilot and flight attendant positions, according to a company memo seen by CNBC.The changes come a day before Southwest’s investor day, when executives will map out the company’s plan to cut costs and grow revenue as pressure mounts from activist investor Elliott Investment Management.Southwest told staff it isn’t closing its crew base in Atlanta. Instead, it will reducing staffing by as many as…
Georgijevic | E+ | Getty ImagesA surge in demand for artificial intelligence-focused semiconductors and AI-enabled smartphones and laptops could lead to the next global chip shortage, according to a report released Wednesday by consultancy Bain & Company.The last major semiconductor shortage happened during the Covid-19 pandemic amid supply chain disruption and a rise in demand for consumer electronics as people were forced to stay and work at home.Technology giants have been snapping up graphics processing units, or GPUs, mainly from Nvidia. These GPUs which are housed in data centers are critical for the training of huge AI models which underpin…
