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Are Crypto Stocks Worth A Look As Bitcoin Tanks To $35k? Our indicative theme on Cryptocurrency Stocks could be a safer way to play the long-term upside from cryptocurrencies, without taking a position in the highly volatile currencies themselves. The theme, which includes semiconductor, payments ...
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Meet Ripple & XRP, Cryptocurrency For Banks The idea is that Ripple serves as a trusted agent in between two parties in a transaction as the network can quickly confirm that the exchange went through properly. Ripple can facilitate exchanges for a variety of fiat currencies, cryptocurrencies like Bitcoin and ...
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How Has Coinbase Fared In Previous Crypto Bear Markets? Coinbase was a big beneficiary of the crypto boom, with revenues in Q1 rising over 9x year-over-year to about $1.8 billion, as users flocked to its platform to cash in on soaring cryptocurrency prices. However, cryptocurrencies now appear to be in a bear ...
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Is Virgin Galactic Stock A Buy After Successful Test Flight? Virgin Galactic still has another three remaining test flights to complete the development of its rocket system. The next spaceflight test will carry four passengers, followed by a third test that is planned to fly Virgin founder Richard Branson. If all goes well, ...
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Warren Says Archegos Shows Federal Reserve Erred on Credit Suisse Senator Elizabeth Warren ripped the Federal Reserve for its oversight of Credit Suisse Group AG in the run-up to Archegos Capital Management's implosion, arguing the regulator badly blundered when it freed the bank from heightened monitoring. Warren ...
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Microsoft launches Azure Applied AI Services toolkit for enterprise Elevate your enterprise data technology and strategy at Transform 2021. At Build 2021, Microsoft's developer conference, the company announced additions and improvements to its family of AI services available in Microsoft Azure. The ...
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Stadium Bonds for NFL Raiders Struggle Even as Vegas Reopens Clark County, Nevada, which is home to the gambling hub city of Las Vegas, is expected to draw on its debt service reserve fund Tuesday to make a payment associated with the $645 million of municipal bonds sold in 2018 for the stadium, according to S&P ...
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Oil makes modest moves as traders eye Iran nuclear talks Oil futures made modest moves on Tuesday, but U.S. prices held near their highest in a week as traders kept an eye on developments in talks aimed at reviving the Iran nuclear deal. Prices "still remain at high levels as the high season for oil demand is ...
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Pieris Pharma nabs $20M upfront from Roche's Genentech for respiratory, ophthalmology pact Four is more for Pieris Pharma. As if collaborations with AstraZeneca, Servier and Boston Pharmaceuticals weren't enough, the clinical-stage biotech has signed another research collaboration and licensing agreement ...
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Stocks making the biggest moves midday: Shake Shack, Lordstown Motors, Coinbase and more A pedestrian wearing a protective mask walks past a Shake Shack restaurant in Washington, D.C., U.S., on Monday, April 20, 2020. Adnrew Harrer | Bloomberg | Getty Images.
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DC attorney general sues Amazon on antitrust grounds, alleges it illegally raises prices The lawsuit alleges Amazon illegally maintained monopoly power through pricing contracts with third-party sellers. In this article. AMZN.
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Moderna COVID-19 Vaccine Highly Effective in Kids 12 and Older By Robert Preidt and Robin Foster, HealthDay Reporter. (HealthDay). TUESDAY, May 25, 2021 (HealthDay News) -- Moderna's coronavirus vaccine fully protects children aged 12 to 17, the company announced Tuesday. In a clinical trial that included more ...
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Indoor farming company Bowery raises $300M New York City-based vertical farming startup Bowery Farming this week has announced a $300 million Series C. The round, which brings its total funding north of $472 million, values the company at $2.3 billion. Fidelity Management & Research Company led ...
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The Epic Case Against Apple Wraps Up To that end, this case could be seen as a dress rehearsal for future antitrust cases, even if the judge rules in Apple's favor. And if the judge finds for Epic, it would probably not force immediate changes to the $100 billion market for iPhone apps, since any ruling ...
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Airlines Rally as US Travel Rebound Quickens Before Summer President Glen Hauenstein said Tuesday. United Airlines Holdings Inc. predicted it would turn a profit before certain items next quarter, while American Airlines Group Inc. said corporate trips and long overseas flights -- the worst-hit segments during the ...
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US New-Home Sales Fall by More Than Forecast as Prices Surge While elevated prices are acting as brake on demand, mortgage rates near historic lows and elevated backlogs suggest steady residential construction gains in coming months that will help contribute to economic growth.
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Wall Street is facing a $9 trillion problem London (CNN Business) Central banks were the superheroes of the early phase of the pandemic, taking dramatic steps to save the economy and financial markets from ruin. Now, as the recovery kicks ...
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Exxon Is Being Pushed to Change. Why It Might Not Have a Choice. Not even a decade ago, it was inconceivable that someone could win a proxy battle against Exxon Mobil. Now, shortly before shareholders vote Wednesday to determine its new board, it looks increasingly likely that an upstart group of activist investors could ...
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Royal Caribbean CEO Says US Cruises Might Resume Next Month "We can now state with a high level of confidence that ships from the Royal Caribbean Group will be operating out of U.S. ports as early as next month," Fain said. "We've made it! After 15 months of pain and agony, we are finally there.".
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Southwest flight attendant loses 2 teeth after a passenger assaulted her FAA said airlines have reported 2,500 incidents of unruly passengers this year, including 1,900 cases in which passengers refused to wear face masks. A flight attendant for Southwest Airlines lost two teeth when she was attacked by a passenger this ...
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A mega-merger of landlords sparks fears of soaring rents in one of Europe's hottest real estate markets Germany's largest listed real estate group launched a $34 billion cash-and-debt takeover bid for a domestic rival that would cement its role as the largest residential landlord in Europe with more than half a million apartments.
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Brazil seeking to import 20 mln doses of India's Covaxin vaccine- agency Brazil's health ministry has applied for authorization to import 20 million doses of the Covaxin/BBV152 COVID-19 vaccine, manufactured in India, where the vaccine is authorized for emergency use, health agency Anvisa said on Tuesday. The ministry had ...
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Biogen's $1B Swiss plant scores regulatory nod as drugmaker awaits pivotal FDA decision on aducanumab Despite a flurry of uncertainty surrounding Biogen's Alzheimer's hopeful aducanumab, the company has forged ahead with its launch preparations ahead of a pending FDA decision. Now, its Swiss manufacturing facility is a step closer to eventually churning out ...
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Lordstown Motors Is Tanking. It's About an Electric Truck. The auto maker doesn't have sales yet so losses aren't as important as coming production. On that front, though, Lordstown management slashed this year's numbers for its all-electric Endurance light-duty pickup truck and told investors that the company was ...
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Sling TV's new, easy-to-use menus make cord-cutting more fun: Hands-on Sling TV's new look has a side-mounted menu and larger thumbnails. Ty Pendlebury/CNET. Sling TV has unveiled a slick new interface for its live TV streaming service, which includes a new DVR menu option and a smart search feature. In my hands-on ...
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What the Dip in Consumer Confidence Means for the Economy The Conference Board's consumer-confidence index slipped to 117.2 in May from 117.5 in April, short of the 118.4 economists polled by FactSet predicted. (The April print was revised down from 121.7.) While the report's present-situation component jumped, ...
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Airbnb CEO: Business travel won't ever go back to what it was pre-pandemic (CNN Business) Airbnb CEO Brian Chesky said travel demand is rebounding, but he doesn't expect business travel to ever return to the way it was before the pandemic. "It doesn't mean business travel is dead, just business travel as we knew it isn't coming ...
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Whatnot raises $50M to let people sell Pokémon cards, Funko Pops, and more via livestream As they started experimenting with other formats, they found one that really seemed to catch on: livestream sales. Think QVC or the Home Shopping Network… but instead of hosts in huge studios selling jewelry and patio furniture, it's users with smartphones ...
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Israeli video tech firm AnyClip raises $47 mln in private funds Israeli video content start-up AnyClip said on Tuesday it raised $47 million in a funding round led by venture capital firm JVP. La Maison, Bank Mizrahi-Tefahot and internal investors also participated. AnyClip said it plans to use the new investment to double ...
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Novan Announces 1-for-10 Reverse Stock Split DURHAM, N.C., May 25, 2021 (GLOBE NEWSWIRE) -- Novan, Inc. ("the Company" or "Novan") (Nasdaq: NOVN), today announced that it has filed a Certificate of Amendment to the Restated Certificate of Incorporation of the Company to implement a ...
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Smart turbines and platforms could drive deep-ocean wind costs down significantly The US took its first steps toward embracing offshore wind power earlier this month with the approval of the Vineyard Wind 1 project off the coast of Massachusetts. When the site is complete, 62 massive wind turbines anchored in the continental shelf will ...
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Tesla: Buy the Dip? Electric vehicles and autonomous driving are the key forces transforming the auto industry today. As a pioneer in these technologies, Tesla (NASDAQ:TSLA) seems well placed to threaten the decades-long dominance of top legacy automakers. After Tesla ...
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Why solar panels are the best home improvement project for 2021 According to Solar Reviews, the average cost of a Minnesota solar installation can range from $8,850 for a smaller 4KW system to $19,462 or more for a larger 10KW system. For reference, a typical bathroom remodel ...
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Why IAC Stock Plunged After Vimeo's Spinoff IAC has spun off Vimeo (NASDAQ:VMEO), which officially started trading today, and now IAC shareholders own shares of IAC and Vimeo. And it's both of these stocks together that investors should be focused on.
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Car smashes into Cheesecake Factory in Pasadena, injuring driver A car smashed through the storefront window of the Cheesecake Factory in Old Town Pasadena on Tuesday morning after a collision at a nearby intersection, authorities said. The two-car crash near Fair Oaks Avenue and Colorado Boulevard sent a sedan ...
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Why Great Panther Mining Stock Tanked 14% at the Open Today Before the market opened today, Great Panther provided an update on development efforts at its Tucano asset, a wholly owned mining operation in Brazil. Simplifying things a little bit, heavier-than-normal rains impacted mine slope stability in a portion of the ...
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AutoZone Earnings Crushed Expectations. Why the Stock Is Down. AutoZone reported stronger-than-expected results on Tuesday, but investors couldn't seem to make up their minds as the stock wavered between small gains and losses in early trading. AutoZone (ticker: AZO) said it earned $596.2 million, or $26.48 a share ...
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PA reports 906 new cases of COVID-19; 52.1% of PA adults fully vaccinated The Pennsylvania Department of Health is reporting 906 new positive cases of COVID-19, bringing the statewide total to 1,197,468. The department is also reporting 42 new deaths, for a total of 27,085 deaths statewide. There are 1,230 people hospitalized ...
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Tishman Speyer Acquires Mazza Gallerie Site for Mixed-Use Redevelopment Tishman Speyer plans to redevelop the property into new rental housing, while retaining substantial retail space and a large parking garage situated underground. The property is situated within the Wisconsin Avenue Retail Corridor, which ...
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Volkswagen Receives €7.5 Billion Bid For Supercar Brand Lamborghini, Autocar Says A consortium connected to the family of the late Volkswagen Group strongman Ferdinand Piech has made a stunning €7.5 billion unsolicited bid to buy Automobili Lamborghini. The deal would come with five-year parts supply contracts with Lamborghini's ...
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Elon Musk advises Bitcoin leaders on cutting environmental damage A bitcoin council will be formed. Elon Musk spoke with the industry's leading bitcoin miners over the weekend to form a council that will focus on improving bitcoin's environmental sustainability, ...
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LEGO's world map is toymaker's largest set with 11695 pieces On Tuesday, the toymaker unveiled its World Map, which has 11,695 2D LEGO tiles. According to an announcement from LEGO, the World Map "contains the most pieces ever included in a set" in the company's history.
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Fred Meyer, QFC drop mask mandate for fully vaccinated people in Washington As of Tuesday, fully vaccinated shoppers and most fully vaccinated workers do not need to wear masks unless a local mandate is in place. Non-vaccinated associates, ...
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Lack of paid leave could be preventing people from getting COVID-19 vaccines, experts say "It's one of the gaps in our vaccine access issue," Reiss told ABC News. "And if we're looking for ways to increase vaccination rates, that seems like an easy, reasonable fix: requiring employers to provide leave.".
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While student loan payments are paused, do this with the extra money "President Biden could extend the payment pause and interest waiver further, but this seems unlikely given the current pace of vaccinations," said Mark Kantrowitz, author of the book, "How to Appeal for More College Financial Aid." "We may be well into an ...
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How Builders Are Coping With High Material Costs (You May Not Like the Answer) If you're a real estate investor who's in the market for a new income property, you may be having a hard time navigating today's housing market. The reason? Inventory is extremely limited, especially for starter and moderately priced homes. Get our 43-Page ...
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Greenville City Hall could be sold as move to building near Falls Park is considered The city of Greenville is "exploring options" to move city offices and services from City Hall to the former Bowater Building at 55 East Camperdown Way at Falls Park, by the edge of the Liberty Bridge, according to a press release. "This is a once in a generation ...
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Allegiant Air announces new nonstop flights from Provo to Florida, Arizona PROVO — Allegiant Air announced Tuesday that it's adding two new destinations out of Provo Municipal Airport this fall, including a new option for fliers looking to travel out to the East Coast. Airline officials announced that flights to St. Pete-Clearwater ...
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Jim Cramer says the market is set up well for stocks to keep rallying. Here's why "I'll say stocks could keep running until something systemic happens, because the market's set up pretty darned well for the foreseeable future," the "Mad Money" host contended. In general, ...
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AAA forecasts abundance of Memorial Day travelers Unlike last year, people planning to take a trip for the Memorial Day holiday can expect busy roadways and airports as more than 37 million are expected to travel at least 50 miles from May 27-31. AAA is predicting a "significant rebound" in travelers this year ...
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