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Biggest Bitcoin Fund Plunges to Record Discount as Mania Cools The $31.6 billion Grayscale Bitcoin Trust (ticker GBTC) plunged 21% this week, outpacing a 18% decline in the world's largest cryptocurrency. That's evaporated GBTC's once-massive premium to the Bitcoin it holds, ...
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Prince Andrew, Egos and Dolly-Birds: Barclays Trial in Quotes Barclays Plc won a near-billion dollar legal fight Friday with deal-maker Amanda Staveley over a rescue package at the height of the financial crisis. But the bank and some former executives had to face a series of unflattering headlines during the 10-week ...
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Digital Turbine Announces Definitive Purchase Agreement to Acquire AdColony AdColony is a leading mobile advertising platform servicing advertisers and publishers with a reach of more than 1.5 billion monthly global users. The Company's proprietary video technologies and rich media formats are widely viewed as best-in- ...
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It's Not A Stock Market Bubble. It's "A Bubble Of Fear," Says JPMorgan Even so, they warn of bubbly pockets—especially in sectors favored by individual investors. The good news is that the frothy part of the market is relatively small. And if there's a pull back, it likely won't drag down the rest of the market.
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Airlines Will Need Fewer Wide-Body Aircraft Post-Pandemic Yet, despite their outsized image, wide-body aircraft are a challenge for airlines because of their size and costs to acquire and operate. Few markets provide year-round demand that can fill their large cabins, requiring that connecting hubs bring in more traffic ...
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Better Buy: Shopify vs. Zoom Video Communications Shopify's digital commerce platform supports over 1.7 million global merchants, helping them create and manage online shops across different channels. For example, merchants can sell through the web storefronts, mobile apps, social media, and marketplaces ...
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Cathie Wood's Main ETF Fluctuates After $4.9 Billion Asset Drop Ark Investment Management's miserable week showed signs of easing on Friday, as its flagship exchange-traded fund battled to avoid a fifth day of declines. The ARK Innovation ETF (ticker ARKK) fluctuated as of 9:04 a.m. in New York, after erasing earlier ...
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FCC approves $50 monthly internet subsidies for low-income households during pandemic (CNN) The Federal Communications Commission on Thursday approved final rules for a new broadband subsidy program that could help struggling families pay for internet service during the pandemic. The agency's $3.2 billion Emergency Broadband ...
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Personal income leaps 10% in January thanks to stimulus, but inflation still in check The increase was largely attributable to government stimulus checks and enhanced unemployment benefits. Core PCE inflation was up 1.5% year over year, in line with estimates and still well below the Fed's 2% target.
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Nigeria Needs to Regulate Cryptocurrencies, Not Ban Them: Vice President ABUJA (Reuters) - Nigeria's central bank and securities regulator need to find ways to regulate cryptocurrencies rather than prohibiting their use, Vice President Yemi Osinbajo said on Friday, urging them to come up with a regime that would support growth ...
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Volkswagen Forecasts Profit Improvement as Car Sales Come Roaring Back Volkswagen AG expects profitability to improve this year, banking on a continued recovery from the pandemic even as many economies wrestle with high infection rates and a global chip shortage weighs on the industry. Europe's biggest carmaker is ...
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DoorDash, Etsy, DraftKings, GameStop: What to Watch When the Stock Market Opens Today What's Coming Up. —The University of Michigan's consumer sentiment index for February, due at 10 a.m., is expected to tick up to 76.8 from a preliminary reading of 76.2.
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Canadian regulator authorizes AstraZeneca vaccine TORONTO — Canadian regulators on Friday authorized AstraZeneca's coronavirus vaccine for all adults. It is the third COVID-19 vaccine given the green light by Canada, following those from Pfizer and Moderna. Support our journalism. Subscribe today.
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Beyond Meat getting closer to McDonald's, Yum! Brands EL SEGUNDO, Calif. — Beyond Meat, Inc. has entered strategic partnerships with McDonald's Corp., Chicago, and Yum! Brands, Inc., Louisville, Ky., two of the largest fast-food companies. The agreements will make Beyond Meat a partner with both ...
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Tesla could suffer if company has to run on autopilot Critics say the rigors of Elon Musk's personal schedule, and the seeming cult of personality that has developed around him, are beginning to show in the car company he runs.
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Dow Jones Today Lags, Techs Open Higher As Nvidia, Etsy, Monster Rally; Salesforce Takes Earnings Hit Stocks dashed off a mixed open Friday, propped by a surge in January consumer spending data and ahead of a key House vote on a $1.9 trillion stimulus package. A rebound in bond yields paused, and oil and copper futures dropped back from recent highs.
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Huawei's CFO Takes HSBC to Hong Kong Court to Gain Documents Huawei Technologies Co.'s chief financial officer summoned HSBC Holdings Plc's local unit to a Hong Kong court hearing in an effort to gain access to documents relating to transactions that violated U.S. sanctions targeting Iran. Lawyers of Meng Wanzhou, ...
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DraftKings Gains on Higher 2021 Forecast, Strong Revenue DraftKings Inc. gained as much as 8.1% Friday after boosting its revenue expectations for the year, another signal that sports betting isn't slowing down. The online gambling company expects $900 million to $1 billion in revenue for 2021, up from $750 million ...
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Should You Buy the Coinbase IPO? Here Are the Key Figures You Need to Know It's no secret that leading cryptocurrency exchange Coinbase has been planning to go public, but as its initial filing was confidential, we didn't know too much about the business itself. However, Coinbase publicly filed for its upcoming direct listing recently, and ...
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United Airlines introduces direct bus service from DIA to Breckenridge and Loveland February 26, 2021 at 5:00 a.m.. United Airlines is rolling out a new offering at Denver International Airport designed to get Colorado visitors off their planes and into ...
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Investigators: TN Labor Dept worked 22 years worth of overtime processing unemployment claims MEMPHIS, Tenn. (WMC) - The pandemic has forced 1.07 million Tennesseans to file for unemployment for the first time. The state is struggling to process the surge in claims, even with more manpower and more overtime than ever before. Memphis resident ...
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Why Tesla Stock Was Slammed on Thursday Tesla shares were also likely negatively impacted on Thursday by a sell-off in the overall market. The S&P 500 index and Nasdaq Composite ended the day down 2.5% and 3.5%, respectively.
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Stocks mostly higher as tech rise; bond yields decline Investors continued to watch the bond market, where Treasury yields were declining, as well as Washington, where Congress is expected to vote on President Joe Biden's stimulus package. The S&P 500 index was up 0.3 ...
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Twitter 'Super Follow' to Let Users Charge Followers to View Exclusive Tweets The company is basically taking a page from Patreon or OnlyFans. For example, if you're an artist or actor, you can use the Super Follow system to charge willing followers $4.99 per month for access to private tweets containing songs or video trailers.
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Cigna health services arm Evernorth acquires telehealth vendor MDLive The Bloomfield, Connecticut-based payer expects adjusted income from operations of at least $6.95 billion or $20 a share in 2021. The outlook includes the impact of the MDLive acquisition.
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Financier Staveley loses Barclays lawsuit over 2008 fundraising LONDON, Feb 26 (Reuters) - British businesswoman Amanda Staveley has lost a long and bitter London court battle against Barclays over whether she is owed damages after alleging she was deceived while negotiating a financial lifeline for the bank in ...
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Why Fry's Electronics was more than a store to many One just vanished: Fry's Electronics, a big-box store in nine states that shut down abruptly this week. Some called it the "Nerd Disneyland." Host David Brancaccio spoke with Parker Hall, ...
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Shake Shack sets opening for Huntersville restaurant Shake Shack Inc. (NYSE: SHAK) will open its doors in Huntersville on Tuesday. The 3,200-square-foot restaurant will open at 11 a.m. in Birkdale Landing, at the corner of Sam Furr Road and Birkdale Commons Parkway. That retail and office project is located ...
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Why many remote workers are facing a tax season nightmare If you worked from a state other than your primary residence state for more than 183 days in 2020, you might have sparked dual residence status in those two states—making your income subject to taxation by both.
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Eldorado Resorts (ERI) Q4 2020 Earnings Call Transcript Call Participants. Prepared Remarks: Operator. Ladies and gentlemen, thank you for standing by, and welcome ...
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Cyberattack on Universal Health Services in September cost health system $67M last year The King of Prussia, Pennsylvania-based health system giant reported earnings of $3.06 per diluted share were up from $254.2 million, or $2.79 a share, during the fourth quarter of 2019. That income was on revenue of $3.1 billion in the fourth quarter of 2020, ...
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Eli Lilly says US government has agreed to buy at least 100000 doses of its COVID antibody therapy The purchase agreement is worth $210 million and doses will be delivered through March 31, Lilly said in a statement. The therapy combines bamlanivimab (LY-CoV555) 700 mg and etesevimab (LY-CoV016) 1400 mg. The government has the option to ...
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Etsy Not Thinking of Accepting Bitcoin Right Now: CEO (Reuters) - Etsy Inc Chief Executive Officer Josh Silverman said on Friday the e-commerce retailer is not thinking about accepting bitcoin as a form of payment right now, saying more people need to buy and own it before it can be used as tender.
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Germany's Birkenstock Selling Majority Stake to Investors BERLIN (AP) — Germany's Birkenstock, known for its upmarket sandals, said Friday it is selling a majority stake to private equity firm L Catteron and affiliates including Financière Agache, the family investment company of French billionaire Bernard Arnault.
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EW Scripps's local, national media revenue rise The media company's net income attributable to shareholders was $244.7 million, up from $10.7 million a year ago. Earnings attributable to Scripps shareholders were $2.89 a share. Operating revenues increased 40% to $591.1 million ...
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Wisconsin milk production on the rise ALTOONA, Wis. (WEAU) - Milk cows across Wisconsin and the country continue to give. In January, milk production in Wisconsin was up 3% reaching 2.66 billion pounds. Nationally it was up almost 2% to 18.3 billion pounds. In Wisconsin there were 2 ...
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Warren Buffett: Investing in Yourself Is the Best Way to Find Success. Here are 3 Smart Ways to Do It The Oracle of Omaha believes success is achieved by making three smart investment decisions -- in yourself.
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AT&T nets $7.8B from sale of part of DirecTV and AT&T TV Now Current AT&T video customers will become New DirecTV subscribers once the transaction is completed, and will keep their video service, as well as any bundled wireless and broadband services and HBO Max accounts. There were 17.2 million subscribers of ...
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Jackson man claims $1 million lottery prize He purchased his winning ticket at the Kroger store, located at 1100 West Argyle Street in Jackson. "I don't play Powerball often, but decided to purchase a ticket since the jackpot was so high," said Treciak.
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CPP Investments CEO Mark Machin resigns after travelling to UAE for COVID-19 vaccine TORONTO - The chief executive of the fund that manages Canada Pension Plan investments has resigned after it was revealed that he decided to travel to the United Arab Emirates, where he arranged to be vaccinated against COVID-19. CPP Investments ...
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CRE – How to control your occupancy costs in the Portland metro area Controlling the occupancy cost can be a valuable and often overlooked priority. When evaluating commercial real estate, business owners can expect much more than the base rent or mortgage payment to account for total occupancy costs. While ...
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Thousands without power in NW Portland PORTLAND, Ore. — There are more than 3,000 customers without power Thursday morning in Northwest Portland. The outages are in the West Hills, the Goose Hollow Neighborhood and along West Burnside. Portland General Electric listed the cause of the ...
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Best Buy CEO: 5K Workers Laid Off in February; Large-Format Store Closures Coming Richfield-based electronics retailer Best Buy Co. on Thursday morning said it laid off 5,000 retail employees this month despite another quarter of strong sales. In the company's fourth quarter earnings call with investors, CEO Corie Barry noted that the ...
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Previous Porsche 911 GT3 with a manual gearbox made up 30% of customers globally – 70% in the US Powered by a high-revving, naturally-aspirated 4.0 litre flat-six that makes 510 PS (503 hp) and 470 Nm of torque, it'll get from zero to 100 km/h in just 3.3 seconds, with 200 km/h arriving in 10.8 seconds.
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Australia's RBA tries to calm bond rout with surprise buying SYDNEY — Australia's central bank on Friday launched an unscheduled offer to buy three-year government bonds as a rout in global markets sent yields further above its 0.1% target. In a surprise move the Reserve Bank of Australia (RBA) offered to buy A$3 ...
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Outdoor Sports Resume Across the Bay Area, Much of California Under the rules Gov. Gavin Newsom issued last week, a county's overall tier designation doesn't matter. The key metric to determine whether or not outdoor recreational sports can resume is the number of COVID-19 cases per 100,000 people.
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UW Health lab performed nearly 200000 COVID-19 tests, recognizes health care heroes MADISON, Wis. (WMTV) - UW Health is recognizing the efforts of medical staff who have run nearly 200,000 COVID-19 tests since March 19, 2020. In a release issued Friday, UW Health said many Molecular Diagnostic Lab personnel worked 80 to 100 hours ...
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Drivetime Study Hub Evelyn O'Rourke speaks to Laura Healy about the Leaving Cert Home Economics paper, and Professor Andrew Coogan, Department of Psychology at Maynooth University, explains the importance of sleep for students and how to develop health sleep patterns.
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