U.S. stocks rose on Thursday, rebounding from three straight days of losses as technology shares staged a comeback, while the latest jobless claims totaling a fresh pandemic-era low also boosted sentiment. The Dow Jones Industrial Average rose 260 points. The S&P 500 gained 1.1% and the tech-heavy Nasdaq Composite climbed 1.8% […]
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Tesla plans to deliver Model S Plaid in June after months of delays
Tesla Model S Plaid Tesla Elon Musk said in a tweet on Thursday that Tesla will hold a “delivery event” at the company’s Fremont, California, factory on June 3 for the long-delayed Model S Plaid. Specifically, he wrote: “Tesla Model S Plaid delivery event June 3 at our California factory. Fastest […]
Bitcoin cuts gains and briefly turns negative amid regulation fears
Bitcoin pared its gains and briefly dipped into negative territory on Thursday amid news that the Treasury Department is setting forth its crackdown efforts. The world’s largest digital currency last traded 1.8% higher around $39,600 after turning red briefly. Earlier in the session, bitcoin bounced back 9% above $42,000, according […]
The Fed this summer will take another step ahead in developing a digital currency
A woman wearing a face mask rides a scooter past the U.S. Federal Reserve in Washington, D.C., the United States, on Jan. 27, 2021. Lie Jie | Xinhua News Agency | Getty Images The Federal Reserve is moving forward in its efforts to develop its own digital currency, announcing Thursday […]
Robinhood will give retail investors access to IPO shares
The Robinhood application on a smartphone. Bloomberg | Bloomberg | Getty Images Robinhood is giving amateur investors access to initial public offering shares in its latest move to democratize retail investing. IPO shares have historically been set aside for Wall Street’s institutional investors or high-net worth individuals. Retail traders typically […]
U.S. Treasury calls for stricter cryptocurrency compliance with IRS, says they pose tax-evasion risk
Treasury Secretary Janet Yellen speaks during the daily press briefing on May 7, 2021, in the Brady Briefing Room of the White House in Washington, DC. Saul Loeb | AFP | Getty Images The Treasury Department on Thursday announced that it is taking steps to crack down on cryptocurrency markets […]
Bitcoin bounces after Wednesday’s drop, but comeback contained on regulation fears
A customer uses a bitcoin automated teller machine (ATM) in a kiosk Barcelona, Spain, on Tuesday, Feb. 23, 2021. Angel Garcia | Bloomberg | Getty Images Bitcoin rose on Thursday as cryptocurrencies attempted a recovery from a major sell-off during the previous session, but the rebound was contained due to […]
Robinhood will give retail investors access to IPO shares, a longstanding Wall Street realm
The Robinhood application on a smartphone. Bloomberg | Bloomberg | Getty Images Robinhood is giving amateur investors access to initial public offering shares in its latest move to democratize retail investing. IPO shares have historically been set aside for Wall Street’s institutional investors or high-net worth individuals. Retail traders typically […]
U.S. reports fewer than 30,000 cases for five straight days, with the nation averaging 1.8 million daily vaccinations
Jean Fletes, 13, receives a Pfizer-BioNTech COVID-19 vaccine from Delores Fye, a licensed practical nurse, at the UHealth’s pediatric mobile clinic on May 17, 2021 in Miami, Florida. Joe Raedle | Getty Images The U.S. has reported fewer than 30,000 cases for five straight days, data compiled by Johns Hopkins […]
JPMorgan Chase launches new health-care business after winding down Amazon-Berkshire venture
Jamie Dimon, CEO, JP Morgan Chase, speaking at the Business Roundtable CEO Innovation Summit, December 6, 2018. Janhvi Bhojwani | CNBC JPMorgan Chase is going it alone. After the health-care joint venture formed by Amazon, Berkshire Hathaway and the biggest U.S. bank by assets was disbanded earlier this year, the […]