While “boring” bitcoin has been chopping sideways since March, bitcoin proxy MicroStrategy is trading at its highest level relative to the flagship crypto since 2019. Wolfe Research managing director Rob Ginsberg said he “loves [MicroStrategy’s] chances to get out and continue climbing,” but that the stock is overbought in the near term. He suggested a … Read more
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Steven Wieting, Citi Wealth chief investment strategist, joins CNBC’s ‘The Exchange’ to discuss the economic impact of Hurricane Milton, expectations for the Fed, and more. Source link
NEW YORK — Thousands of flights in and out of the U.S. have been canceled this week as Hurricane Milton barreled into the Gulf of Mexico and plowed across Florida — causing many airports in the storm’s path to close their doors. And airlines across the country grounded flights as a result. There were more … Read more
BISMARCK, N.D. — North Dakota won’t be allowed to enforce its near total abortion ban while the state appeals a judge’s ruling that struck down the law. The latest decision by District Judge Bruce Romanick means that, for now, his September ruling stands while the state appeals it to the North Dakota Supreme Court. No … Read more
When Jermaine Jones joined Central Valley Fuego FC as its coach last November, the pairing carried clear upside for the former U.S. men’s national team midfielder and the club. He had longed, sometimes publicly, for a chance to be a head coach, and Fuego needed a splash to gain fans and to reasonably compete in … Read more
Federal Reserve Board Chairman Jerome Powell holds a press conference following a two-day meeting of the Federal Open Market Committee on interest rate policy in Washington, U.S., September 18, 2024. REUTERS/Tom Brenner Tom Brenner | Reuters Falling interest rates are usually good news for banks, especially when the cuts aren’t a harbinger of recession. That’s … Read more
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Power Lunch CNBC’s Phil LeBeau and Steve Kovach join ‘Power Lunch’ to discuss Tesla’s big event tonight and Elon Musk’s political support. 05:49 a minute ago Source link
Dozens of tornadoes spawned by Hurricane Milton caught many Floridians by surprise as they braced for heavy rain, strong winds and especially storm surges. Violent twisters were seen crossing highways, ripping off roofs and downing trees and power lines. There have been 38 preliminary eyewitness reports of tornadoes since Wednesday night, according to the National … Read more
FTX cryptocurrency fraudster Sam Bankman-Fried’s top lieutenant made fun of the hard time he’s about to serve with a light-hearted post on LinkedIn. Ryan Salame, who formerly served as co-CEO of FTX Digital Markets, will start a nearly eight-year prison term on Friday for making tens of millions of dollars in unlawful campaign donations to … Read more
The aftermath of Hurricane Helene continues to affect the U.S. Among those feeling the aftershock, hospitals around the U.S. have reported a shortage of IV fluid. Baxter International, an IV fluid manufacturing plant in North Cove, North Carolina, was hit particularly hard by the hurricane, causing its supply to be damaged by flooding. HURRICANE FLOODING: … Read more