Jonathan Raa | Nurphoto | Getty ImagesOptions on BlackRock’s popular iShares Bitcoin Trust ETF (IBIT) began trading on the Nasdaq Tuesday, ushering in a new way to trade and speculate on the price of bitcoin.IBIT traded 73,000 options contracts in the first 60 mins of trading Tuesday, Nasdaq told CNBC, placing the fund in the top 20 of the most active nonindex options.Options trading allows investors to play bitcoin’s notorious volatility by letting them buy or sell an asset at a predetermined price based on whether they anticipate the price will rise or fall in a given period.”Bitcoin has a lively…
Author: usaeverydaylife
AMSTERDAM — It was mid-afternoon on a Wednesday, but the halls buzzed within Tommy Hilfiger’s headquarters. Hardly anyone working in person was at their desks unless absolutely necessary. Instead, employees crowded into the Bel Bar inside the Hudson Building, standing room flowing out into the halls and snaking around corners. All in hopes of catching a glimpse of Lewis Hamilton and George Russell.The Mercedes Formula One drivers are used to the fanfare, the iPhones popping up in the air and the thunderous applause. Only this time, the cheers for two F1 stars come from employees of one of the world’s…
Howard Lutnick, Chairman and CEO of Cantor Fitzgerald, speaks during a rally for Republican presidential nominee and former U.S. President Donald Trump, at Madison Square Garden, in New York City, U.S. October 27, 2024.Carlos Barria | ReutersWASHINGTON — President-elect Donald Trump says he will nominate a key transition adviser and billionaire financial services executive, Howard Lutnick, to lead the Commerce Department, according to two sources familiar with the process. “He will lead our Tariff and Trade agenda, with additional direct responsibility for the Office of the United States Trade Representative,” Trump said in a statement announcing the pick.The Cantor Fitzgerald CEO…
President-elect Donald Trump’s pledge to make government more efficient may spell bad news for companies that are overly reliant on government contracts to boost profits. Trump announced last week that when he returns to office Elon Musk, Tesla CEO, and Vivek Ramaswamy, founder of Roivant Sciences , will lead a group called the Department of Government Efficiency (DOGE) aimed at cutting spending. While the commission won’t serve as an arm of the government or receive official funding, it’s already looming over some stocks as investors evaluate the likelihood of cuts to federal contracts . The latest sign came on Tuesday…
The intended Department of Health and Human Services nominee Robert F. Kennedy Jr. could push through policies that will provide a tailwind for some food and beverage stocks, despite the pressure the sector has seen since news of his potential appointment. “A knock-on effect of RFK could be expansion of an already strong trend toward healthy eating,” Wells Fargo equity analyst Edward Kelly wrote in a Monday note. “This could drive increased consumption of higher margin fresh, natural, and organic products.” Kennedy is a vaccine skeptic and opposes artificial ingredients. These stances have recently led to a pullback in biotechnology…
Former U.S. President Donald Trump speaks to members of the media amid his trial on charges of covering up hush money payments linked to alleged extramarital affairs, at Manhattan Criminal Court in New York City, on May 16, 2024.Angela Weiss | Via ReutersThe Manhattan District Attorney’s Office told a judge Tuesday that it supported pausing the planned sentencing of President-elect Donald Trump in his criminal hush money case to give Trump’s lawyers time to argue that the case should be dismissed altogether.The DA’s office told Judge Juan Merchan they would continue opposing the dismissal bid, which is based on the…
If you are one of the many Americans planning an escape next year, this unique adventure might be exactly what you’re looking for. Residential cruise line Villa Vie Residences announced the Tour La Vie program which offers passengers the opportunity to live aboard its ship, the Villa Vie Odyssey, for up to four years.Villa Vie’s CEO, Mikael Petterson tells CNBC Make It the new program was planned before Election Day. And while is is not a reaction to the outcome, the offering is is well-timed.”Although our latest campaign Tour La Vie was put together before the results of the election,…
Michael Nagle | Bloomberg | Getty ImagesThe stock prices for H&R Block and Intuit fell after a Tuesday report saying the Trump transition team is considering creating a free tax-filing app.Intuit, which makes the TurboTax tax-filing software, was down 5%, putting it on pace for its worst day since Aug. 23, when the company’s stock price fell nearly 7%. H&R Block was down 8% and on pace for its worst day since 2020.President-elect Donald Trump’s “Department of Government Efficiency” has held “highly preliminary” discussions about creating the free tax-filing app, The Washington Post reported. DOGE will be led by billionaire Elon…
Buffalo Bills quarterback Josh Allen and his Kansas City counterpart, Patrick Mahomes, delivered yet another epic showdown Sunday. That matchup lives up to the hype almost every time, doesn’t it?Anyway, as a result of the Bills’ 30-21 victory in Orchard Park, Allen overtook Mahomes in our quarterback rankings for the first time since Week 5. The Athletic’s Week 12 QB rankings Allen stamped the performance with an exclamation point, pinballing his way down the field with a 26-yard touchdown run on fourth-and-2 that capped the scoring. JOSH. ALLEN. GREATNESS. 📺: #KCvsBUF on CBS/Paramount+📱: https://t.co/waVpO8ZBqG pic.twitter.com/3HyIoDCaAC — NFL (@NFL) November 18,…
Rafael Nadal will play in the final tennis tournament of his illustrious career this week, taking the court to represent his nation in the 2024 Davis Cup.The 38-year-old Spaniard — whose 22 Grand Slam titles are second only to Novak Djokovic’s 24 — is one of the winningest players in the history of the sport. He is also one of the highest earning.Since his professional debut as a 14-year-old in 2001, Nadal has racked up wins and paydays. His career prize money sits at $134,946,100, according to ATP Tour data. Those earnings make him the second-highest paid tennis player ever,…
