The Dow Jones Industrial Average rose for a second day on Friday, but the tech sector came under pressure again amid another drop in bitcoin price. The Dow Jones Industrial Average climbed 120 points, while the S&P 500 traded flat. The Nasdaq Composite erased earlier gains and last traded down […]
CNBC News
Media mogul Barry Diller says cryptocurrencies are a ‘con’
Heidi Gutman | CNBC Veteran investor and IAC chairman Barry Diller said Friday that he doesn’t trust cryptocurrencies and believes that the digital assets are “a con.” “I watch some of the people that you have on and they talk about it – $40,000, $12,000, whatever – I think ‘this […]
Bitcoin price falls after China calls for crackdown on bitcoin mining and trading behavior
Budrul Chukrut | LightRocket | Getty Images Bitcoin’s price tumbled Friday following an intensified call from Chinese authorities to crack down on mining and trading of the cryptocurrency. Chinese Vice Premier Liu He and the State Council said in a statement that tighter regulation is needed to protect the financial […]
Snap CEO Evan Spiegel: We’re happy to pay Apple 30% — without Apple we wouldn’t exist
Evan Spiegel, CEO of SNAP Inc. Stephen Desaulniers | CNBC Snap CEO Evan Spiegel on Friday said the social media company is happy to pay Apple’s 30% commission rate on in-app transactions. “We really feel like Snapchat wouldn’t exist without the iPhone and without the amazing platform that Apple has […]
From anti-Tesla design to huge frunk: 5 things to know about the electric Ford F-150 Lightning
Ford officially unveilied the new electric F-150 Lightning pickup on May 19, 2021 at its world headquarters in Dearborn, Mich. Michael Wayland / CNBC DETROIT — If anyone doubted the importance of the electric Ford F-150 Lightning to Ford Motor, they shouldn’t after the vehicle’s theatrical debut at the automaker’s […]
Dow rises more than 200 points as the market rebounds for a second day
The Dow Jones Industrial Average and the S&P 500 rose for a second day on Friday as the major averages clawed back their losses from earlier in the week, but the tech sector came under pressure again amid another drop in bitcoin price. The Dow Jones Industrial Average climbed 230 […]
Dow climbs more than 200 points, S&P 500 bounces back into the green for the week
U.S. stocks rose for a second day in a broad-based rally on Friday as major averages clawed back their losses from earlier in the week. The Dow Jones Industrial Average climbed 230 points, while the S&P 500 rose 0.4%. The Nasdaq Composite gained 0.2% With Friday’s advance, the S&P 500 […]
Breeze Airways debuts in travel rebound, the second new U.S. airline in a month
Breeze Airline debut. Source: Breeze Airlines scrambling to capitalize on a rebound in travel as the pandemic wanes in the U.S. have yet another competitor in the skies. Breeze Airways, a new airline started by JetBlue Airways‘ founder David Neeleman, started selling tickets on Friday, the second new U.S. carrier […]
Barry Diller says Apple ‘overcharged in a disgusting manner’ his companies on App Store
Business mogul Barry Diller on Friday ripped into Apple over the fees it charges companies that have applications on the iPhone maker’s App Store. In an interview on CNBC’s “Squawk Box,” the chairman of IAC and Expedia said his companies, and others like them, are “overcharged in a disgusting manner.” For large companies, Apple […]
Off-the-grid homes are coming to your neighborhood, as climate change creates suburban survivalists
The Atlantic hurricane season doesn’t official begin until June 1, but excessive spring flooding has already displaced thousands of residents in Louisiana. A freak ice storm in Texas in February took out much of the state’s power grid, plunging nearly 10 million people into a cold, dark catastrophe. More […]