U.S. stock futures were flat in overnight trading on Tuesday ahead of the first batch of corporate earnings. Dow futures rose just 10 points. S&P 500 futures gained 0.03% and Nasdaq 100 futures rose 0.02%. On Tuesday, the S&P 500 climbed 0.4% to close at a record high. Equities shrugged […]
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Bitcoin has allowed a different kind of investor to build wealth, says crypto strategist
Longtime crypto bull Meltem Demirors said Tuesday that bitcoin‘s ascent has built wealth for a different kind of investor. The comments on CNBC’s “Squawk Box” came one day before a major milestone for the crypto world is scheduled to take place: Coinbase’s Nasdaq debut. “Here’s what’s great about it for […]
Pressure mounts for Biden to forgive student debt
Alex Wong | Getty Images News | Getty Images While the latest Covid stimulus package and a new massive infrastructure bill are the main topics of conversation in Washington of late, President Joe Biden continues to be under mounting pressure to take action on student loan forgiveness, too. Sen. Elizabeth […]
After trimming charitable holdings, Cramer reveals 7 stock market concerns going into earnings season
CNBC’s Jim Cramer on Tuesday revealed he recently trimmed holdings in his charitable trust ahead of earnings season as he grows more concerned about potential market headwinds. The fund, ActionAlertsPlus.com, trimmed roughly $100,000 from its holdings in part because of the issues, he said. “I’m not a bear, but there […]
Cop Kim Potter resigns after fatally shooting Daunte Wright, police chief also quits
Officer Kim Potter, of the Brooklyn Center police in 2007. Bruce Bisping | Star Tribune via Getty Images Police Officer Kim Potter resigned Tuesday, two days after fatally shooting Daunte Wright, an unarmed Black man who was fleeing a traffic stop in a Minneapolis suburb. Brooklyn Center Police Chief Tim […]
Stitch Fix shares fall as company’s founder Katrina Lake steps down as CEO
Stitch Fix shares fell more than 5% Tuesday afternoon after the company announced that founder Katrina Lake would step down as CEO. The company’s president, Elizabeth Spaulding, will start as chief executive on Aug. 1, according to a news release. Lake founded the online styling service a decade ago when […]
New $3,000 child tax credit to start payments in July, IRS says
kate_sept2004 | E+ | Getty Images But on Tuesday, when Sen. Sherrod Brown, a Democrat from Ohio and ranking member of the Senate Banking Committee, asked Rettig if the IRS would be ready to start monthly child tax credit payments in July, he had a simple answer. “We are,” Rettig […]
GOP donors, leaders discussed plans to take on Big Tech, corporations during retreat at Trump’s Mar-a-Lago
Former U.S. President Donald Trump’s Mar-a-Lago resort is seen in Palm Beach, Florida, February 8, 2021. Marco Bello | Reuters Many top Republican donors, lawmakers and strategists huddled privately over the weekend at Mar-a-Lago, the Florida resort owned by former President Donald Trump, to discuss ways the party can take […]
Coinbase gets reference price of $250 per share from Nasdaq ahead of Wednesday’s direct listing
Chesnot | Getty Images Nasdaq gave Coinbase a reference price of $250 a share on Wednesday ahead of its planned direct listing, which would value the cryptocurrency exchange at about $65.3 billion on a fully diluted basis. Coinbase is set to become the first major crypto business to go public […]
Moderna says new data shows its Covid vaccine is more than 90% effective against virus six months after second shot
A healthcare worker holds a vial of the Moderna COVID-19 Vaccine at a pop-up vaccination site operated by SOMOS Community Care during the coronavirus disease (COVID-19) pandemic in New York, January 29, 2021. Mike Segar | Reuters Moderna‘s Covid-19 vaccine was more than 90% effective at protecting against Covid-19 and […]