Richard Branson, Founder of Virgin Galactic (C) poses next to George T. Whitesides (R), CEO of Virgin Galactic Holdings after ringing the First Trade Bell to commemorate the company’s first day of trading on the New York Stock Exchange on October 28, 2019. Johannes Eisele | AFP | Getty Images Sir Richard Branson, the founder
Gary Gensler, then-chairman of the U.S. Commodity Futures Trading Commission (CFTC). Simon Dawson | Bloomberg | Getty Images The Senate is likely to confirm Gary Gensler as the new chairman of the Securities and Exchange Commission either Wednesday or later this week, and crypto assets — including bitcoin — are likely high on his agenda.
In this article COST DELL COIN AEO Dell CEO Michael Dell delivers a keynote address during the 2013 Oracle Open World conference on September 25, 2013 in San Francisco, California. Justin Sullivan | Getty Images Check out the companies making headlines after the bell on Wednesday: American Eagle — The teen apparel retailer’s stock rose
Is “deal or no deal” a popular refrain from a successful game show or is it the voice of real estate investors who are growing concerned about the potential repeal of Section 1031 of the Internal Revenue Code? A recent read of the Biden/Harris tax plan reveals a $4 trillion tax hike, and one
People wait to visit a house for sale in Garden City, Nassau County, New York, on Sept. 6, 2020. Xinhua News Agency | Getty Images It was a mixed week for rates, which started high and then fell slightly, but the damage was done early. Total mortgage application volume decreased 3.7% for the week, according
The source code for the upcoming Polkadot Index Network Token, or PINT, has been made public, with half a dozen projects putting their hand up to be included in the index. The project has outlined a four-phase roadmap that it expects to culminate in mainnet launch within three months. According to an April 14 announcement,
Municipals firmed across the yield curve after a strongly bid deal from gilt-edge Delaware and active secondary activity moved levels lower by two to four basis points while nearly $2 billion more inflows were reported into municipal bond mutual funds. The Investment Company Institute Wednesday reported another week of inflows with $1.995 billion coming into
Stock market investors valued Coinbase at $75.9bn in its debut on Nasdaq on Wednesday, the first listing of a major cryptocurrency exchange and a moment of validation for the digital asset class some 12 years after the creation of bitcoin. Shares opened at $381 each on Wednesday, giving Coinbase a market capitalisation that immediately surpassed
Coinbase CEO Brian Armstrong has addressed the platform’s transaction fees as the company’s shares list on Nasdaq today. In a CNBC Squawk Box interview on Wednesday, Armstrong discussed public concerns associated with Coinbase’s massive returns coming from transaction fees. As previously reported, nearly 96% of Coinbase’s entire revenue in 2020 was generated from transaction fees
Former National Association of State Treasurers President David Damschen is resigning as Utah State treasurer at the end of the month. Damschen is leaving office to become the president and CEO of the Utah Housing Corp. Damschen told The Salt Lake Tribune on Monday that he is “excited I can focus on helping to find
In this article ARKK Ark Invest’s Cathie Wood said digital wallets and genomics are the next two biggest disruptive trends after Tesla and electric vehicles. “We’re very excited about digital wallets,” Wood said on CNBC’s “The News with Shepard Smith” on Tuesday. “We really think that these digital wallets and two-sided market places, merchants and
In this article DISCA FOLD ENDP SFIX TEAM Source: Stitch Fix Check out the companies making headlines after the bell on Tuesday: Atlassian — Shares of the Australian software company ticked up 1% on revised revenue guidance for the fiscal third quarter. Atlassian now expects revenue between $566 million and $572 million. Analysts polled by
There’s more executive turmoil swirling at Better.com, one of the mortgage industry’s hottest new startups, and it’s hitting just days after reports that SoftBank is investing $500 million of new funding that values the business at $6 billion. Elana Knoller, Better’s chief product officer, has been placed on administrative leave following allegations of bullying and
Rick Nazarro of Colonial Manor Realty talks with a pair of interested buyers in the driveway as a couple waits to enter a property he is trying to sell during a “controlled” open house on May 2, 2020 in Revere, MA. Blake Nissen | Boston Globe | Getty Images The housing market has been white
The price of Ether continues to push higher, and many analysts are calling for $3,000 as a short-term target. All of this “success” takes place in the face of Ether (ETH) being in a bottleneck regarding high fees, network congestion and a tense situation with miners. With decentralized finance (DeFi) applications taking center stage and
Akron, Ohio-based Summa Health enters the market Wednesday to raise funds to help pay for a behavioral health facility and repay a bridge loan that ended its partnership with HealthSpan Partners. Both are part of the system’s strategic plans that were revised after a merger with Michigan-based Beaumont Health was nixed last May. Ahead of
US health agencies have called for a pause of the rollout of the Johnson & Johnson vaccine as they investigate several incidents of blood clots. In a joint statement on Tuesday, the Centers for Disease Control and Prevention and the Food and Drug Administration said they were reviewing six reported US cases of “rare and
We highlight four ETFs that are benefitting from the surge in demand for chips.
The price of bitcoin has crossed a new all-time high (ATH) on Tuesday, as the leading crypto asset has jumped to $63,275 per unit during the early morning trading sessions (EST). At the time of publication, the entire market economy with over 9,203 cryptos is valued at $2.153 trillion with $164 billion in global trade
Municipal bonds were steady Monday ahead of a smaller, taxable-focused calendar, while U.S. Treasuries rose slightly after auctions and equities took a day off from breaking records. The week opened up with yields 10 to 15 basis points lower from the start of the month, “but that isn’t denting buyer enthusiasm,” said Kim Olsan, senior
An artist’s rendering of a DRACO spacecraft. DARPA The Pentagon’s research and development arm on Monday awarded a trio of companies with contracts to build and demonstrate a nuclear-based propulsion system on a spacecraft in orbit by 2025. General Atomics, Lockheed Martin and Jeff Bezos’ space venture Blue Origin won the Defense Advanced Research Projects
In this article COIN Coinbase co-founder and CEO Brian Armstrong speaking at TechCrunch Disrupt SF 2018. Steve Jennings | Getty Images for TechCrunch The pending Coinbase direct listing, scheduled for April 14th on the Nasdaq under the symbol COIN, is exciting a broad base of the investment community outside the usual cryptocurrency crowd. “Coinbase is
Shoppers wearing protective masks push shopping carts inside a Costco store in San Francisco, California, on Wednesday, March 3, 2021. David Paul Morris | Bloomberg | Getty Images The pace of consumer inflation is likely to have returned to prepandemic levels in March, and it is expected to heat up even more in the next
Dig deep enough through the history of almost any Los Angeles home and you’ll likely come across a tie to Hollywood—whether it’s as an owner, former resident, house-flipper, or guest. This classic residence in the Spaulding Square neighborhood of Los Angeles has twice been home to showbiz types. Seven years ago, director-turned-period renovator/designer Steven Antin
Heavy competition in today’s pricey housing market has sidelined some first-time buyers, especially in major metropolitan areas. These buyers usually make up about 40% of the market, but now it’s less than a third, according to the National Association of Realtors. The majority are millennials, aged 25-34. There is still hope for homeownership, however. While
On the latest episode of Blockchain and Booze, Draper Gorem Holm’s Adam Levy sat down with three leaders in the blockchain industry to talk about Layer-2 solutions on the Ethereum network. He was joined by Stani Kulechov of AAVE, Jack O’Holleran of SKALE, and Antonio Juliano of dYdX. What began as a discussion on high
Federal Reserve Bank of St. Louis President James Bullard said that getting three-quarters of Americans vaccinated would be a signal that the Covid-19 crisis was ending, a necessary condition for the central bank to consider tapering its bond-buying program. “It’s too early to talk about changing monetary policy,” Bullard said in an interview with Bloomberg
The head of the US Centers for Disease Control and Prevention has urged Michigan’s governor to shut down the state instead of asking for more vaccines as a way to control a sudden jump in coronavirus cases. Rochelle Walensky, the CDC director, said on Monday she thought Michigan should impose fresh restrictions to combat the
Rushing trades can destroy your account, especially if you’re making this mistake often. Example: -If a stock goes up and down several times and you’ve missed opportunities to sell when it peaked, you may get “ants in your pants” -This can cause you to buy before the stock begins to ascend again, and it may
Bitcoin (BTC) is a “caged bull” and the end of its current price run is nowhere near at $60,000, says Bloomberg Intelligence. In a tweet on April 12, senior commodity strategist Mike McGlone delivered his latest bullish verdict on the state of Bitcoin this month. Analyst: 2021 bull market is “tame” According to McGlone, who