LONDON — Central banks are accelerating their work on digital currencies and investors are taking note. Earlier this year, the Bank of International Settlements published its latest survey showing that 86% of the 65 central banks it spoke to are doing some form of work on central bank digital currencies […]
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Dr. Scott Gottlieb says vaccine ramp up alone probably won’t be enough to manage UK virus variant
An increase in vaccinations in the coming weeks in itself might not be enough to contain the spread of a coronavirus variant that was first reported in the United Kingdom in December and has now appeared in the U.S, said Scott Gottlieb, former commissioner of the Food and Drug Administration. […]
Trump was sicker from Covid than the public was told at the time, report says
President Donald Trump pulls off his face mask as he poses atop the Truman Balcony of the White House after returning from Walter Reed hospital for treatment of Covid-19, in Washington, U.S. October 5, 2020. Erin Scott | Reuters Former President Donald Trump was more seriously sick from the coronavirus […]
PayPal CFO says company is unlikely to invest cash in cryptocurrencies
PayPal is not likely to buy digital currencies like bitcoin, though the company does see immense opportunity in the digital wallet space. In an appearance on CNBC’s “Mad Money” Thursday, PayPal Chief Financial Officer John Rainey said the payments giant has no interest in buying cryptocurrency, instead preferring to invest […]
Strength of housing market has broadened out, says CEO of homebuilder Taylor Morrison
Taylor Morrison CEO Sheryl Palmer told CNBC Thursday the strength in the housing market has broadened out in recent months, adding another layer to the pandemic-era residential real estate boom. “It’s a phenomenal dynamic we’re seeing out in the marketplace,” Palmer said in an interview on “Closing Bell,” one day […]
State Department installs new coordinator as probe of mysterious neurological attacks on diplomats in Cuba continues
A crowd of tourists seen outside of Floridita, a historic fish restaurant and cocktail bar, famous for having been one of the favorite hangouts of Ernest Hemingway in Havana. Artur Widak | NurPhoto | Getty Images WASHINGTON – The State Department said Thursday that while it investigates mysterious neurological symptoms […]
Bumble stock closes up 63% after soaring in market debut
Shares of Bumble, which operates a dating app under the same name, closed up 63.5% in their initial public offering Thursday on the Nasdaq. The company’s stock began trading up nearly 77% at $76 per share under the ticker symbol “BMBL.” It priced the shares at $43 apiece, above its […]
Disney smashes streaming subscriber expectations, boosting segments hurt by Covid
Bob Chapek Jeff Gritchen | MediaNews Group | Orange County Register via Getty Images Disney reported strong growth in paid streaming subscribers and its first quarterly profit since early last year in its earnings report for its fiscal first quarter of 2021 after the bell Thursday. The stock was up […]
Fed’s Harker says inflation won’t be posing a threat anytime soon
Philadelphia Federal Reserve President Patrick Harker said Thursday that the central bank won’t have to worry about inflation getting in its way anytime soon. In a CNBC interview, Harker faced a question posed repeatedly to Fed officials in recent days over whether its easy monetary policy could stoke price pressures […]
Stock futures are flat in overnight trading after S&P 500 ekes out record close
Traders on the floor of the New York Stock Exchange Source: The New York Stock Exchange Futures tied to major U.S. equity benchmarks were flat in overnight trading on Thursday as Wall Street looked set to wrap up the week with modest gains. Dow Jones Industrial Average futures dipped 20 […]