JPMorgan doesn’t expect a big move higher in crypto in the near future. Cryptocurrencies including bitcoin rallied to start the week following a social media update by President Donald Trump on the widely expected bitcoin stockpile, which has become a “strategic crypto reserve.” Those gains quickly reversed as part of a broader sell-off on tariff concerns, but there is also lingering skepticism about the crypto reserve now that the market has had some time to digest it, JPMorgan’s Nikolaos Panigirtzoglou said in a note Wednesday. “Overall we believe that crypto markets are likely to remain under pressure over the near…
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An Eli Lilly & Co. Zepbound injection pen arranged in the Brooklyn borough of New York, US, on Thursday, March 28, 2024.Shelby Knowles | Bloomberg | Getty ImagesTelehealth firms Teladoc and LifeMD said on Thursday they had signed an agreement to offer Eli Lilly’s weight-loss drug Zepbound to self-paying patients, ahead of restrictions on selling copies known as compounded drugs.Both companies said they had signed deals with Gifthealth, the pharmacy partner of Lilly’s direct-to-consumer website, LillyDirect, through which the drugmaker sells vials of Zepbound at discounts for cash-pay customers.The move offers the telehealth companies an avenue to keep selling the highly popular…
The expanded Club World Cup begins in 100 days, with the 32-team tournament taking place in the United States from June 14.It is the first time the club edition of the World Cup will mirror the national team version of the tournament. There have been worries about the additional workload on players — FIFPro and the World Leagues Association threatened legal action in May last year. There are also concerns over high ticket prices.FIFA announced there will be $1billion (£775m) in prize money for the Club World Cup, which will be distributed among all 32 clubs. FIFA president Gianni Infantino…
On Thursday morning, President Claudia Sheinbaum of Mexico plans to speak with President Trump, in a last-ditch attempt to avert the 25 percent tariffs that Mr. Trump imposed this week on her country’s exports, which would devastate its economy.But already, Mexico is bracing for impact.The tariffs, according to banks and business leaders, are likely to cause American companies that make products in Mexico to leave the country, in line with Mr. Trump’s stated goal of pressuring those manufacturers to relocate to the United States. That could lead to the loss of tens of thousands of Mexican jobs, and a contraction…
It’s time to buy into shares of Insulet , according to RBC Capital Markets. Analyst Shagun Singh initiated coverage of the medtech company with an outperform rating, saying its differentiated patch automated insulin delivery product is the only one on the market, giving the company a first-mover advantage. “Insulet is at the forefront of innovation in the automatic insulin delivery (AID) pump market,” Singh wrote Wednesday. “Its proprietary Omnipod systems (Omnipod 5, Omnipod DASH, OmniPod GO) have transformed the experience of insulin-dependent diabetes management by shifting people from multiple daily injections (MDIs) as well as insulin pens and tubed insulin…
An American flag and a U.S. Department of Education flag fly outside the US Department of Education building in Washington, D.C., U.S., Feb. 1, 2025. Annabelle Gordon | ReutersFederal student loan borrowers experiencing difficulties with their loans could find they have no recourse as President Donald Trump’s cuts to staff at the Department of Education are carried out, employees at the agency said.Staffers at the Education Department tasked with fielding complaints from federal student loan holders and resolving their issues were let go in the recent job cuts, one employee told CNBC. At least eight of the fired staffers were working…
Rep. Al Green (D-TX) shouts out as U.S. President Donald Trump addresses a joint session of Congress at the U.S. Capitol on March 04, 2025 in Washington, DC.Win Mcnamee | Via ReutersThe House of Representatives voted Thursday to censure Texas Democratic Rep. Al Green for heckling President Donald Trump during the president’s speech to Congress earlier this week.The vote to censure Green was 224–198.Ten of the lawmaker’s fellow Democrats joined Republicans in voting to formally express disapproval for conduct, which consisted of House Speaker Mike Johnson, R-La., reading the censure out loud to Green as he stood in the well…
Naomi Osaka showed that she is on the road to recovery from the abdominal injury that forced her out of the Australian Open in January, but getting sharp and match tough is going to take a little more time.Osaka, the four-time Grand Slam champion and former world No. 1, lost to Camila Osorio of Colombia, the world No. 53, in straight sets Wednesday night (6-4, 6-4) in the first round of Indian Wells. On social media, she later described the defeat as the “worst match I’ve ever played in my life.”Osaka, ranked 56th, and Osorio were dead even through the…
Traders across the globe are monitoring updates to U.S. President Donald Trump’s trade policy.Spencer Platt | Getty ImagesGovernment borrowing costs rose across the globe on Thursday, with German bonds resuming the sell-off that sparked the biggest daily jump in yields since the country’s reunification 35 years ago.Bond prices and yields move in opposite directions, meaning that yields tick higher when the value of the asset declines.Yields on German government bonds — known as bunds — skyrocketed on Wednesday, with the yield on the 10-year debt instruments adding around 30 basis points. The sell-off came after lawmakers from parties widely expected…
Dev Ittycheria, CEO of MongoDBAdam Jeffery | CNBCMongoDB shares cratered more than 20% after the database software maker shared weak guidance that signaled a slowdown in growth.For fiscal 2026, the company said it expects adjusted earnings to range between $2.44 to $2.62 per share and revenue of $2.24 billion to $2.28. Analysts were expecting EPS of $3.34 and $2.32 billion in revenue.The weak guidance stems from slower growth in the company’s Atlas cloud-based database service. The revenue projection would imply 12.7% growth, the slowest for the company going back to its 2017 stock market debut.Finance chief Srdjan Tanjga said during…
