Bank of America (NYSE: BAC) CEO Brian Moynihan is a well-known critic of Bitcoin and other cryptocurrencies. Last fall, the banking titan said Bitcoin was a untraceable tool for money laundering and other illegal activities. Traditional banks, like Bank of America, already do a great job of tracking and managing […]
FAN Editor
House passes bill to avoid a government shutdown. Now comes the hard part
The House passed a last-minute bill to avoid a government shutdown Thursday night, sending it to the Senate where it faces a much higher hurdle on the way to President Donald Trump‘s desk. The bill now heads to a Senate where lawmakers face a tougher task in extending government funding. […]
Is Amazon Fresh Killing Blue Apron?
Shares of meal-kit maker Blue Apron (NYSE: APRN) fell over 6% on Jan. 16 after One Click Retail’s 2017 Grocery Report indicated that Amazon (NASDAQ: AMZN) had made huge gains in the U.S. grocery market. The report claims that Amazon generated $2 billion in food and beverage sales last year, […]
3 Top Energy Stocks to Buy Right Now
The energy industry is in the midst of a tectonic shift away from fossil fuels and toward renewables, fueled by growing climate change worries and a dramatic drop in costs. Because of those factors, renewable energy companies are growing briskly and appear poised to continue doing so for years to […]
Supreme Court gives North Carolina more time to redraw congressional map
RALEIGH, N.C. — The U.S. Supreme Court has delayed a lower-court order that would have forced North Carolina Republican lawmakers to redraw the state’s congressional districts by next week because of excessive partisan bias in current lines. Earlier this month, federal judges ever struck down the congressional plan on partisan […]
Bitcoin is ‘something regulators need to deal with but not ban,’ says former FDIC chair
Amid threats of a potential ban on cryptocurrency, former FDIC Chair Sheila Bair said digital currencies such as bitcoin should be more tightly monitored but not stopped. “It’s something regulators need to deal with but not ban,” Bair told CNBC’s “Fast Money” on Thursday. Bair, who said she does not […]
Inside the Texas home where the malnourished, shackled siblings lived 18 years ago
Photos from the Texas home where David and Louise Turpin lived with their now-adult children nearly two decades ago show a filthy, decrepit interior that most likely had human feces on the walls, the current owner told ABC News. Thirteen siblings, believed to be the Turpins’ biological children, were found […]
Donald Trump is the only person in Washington who doesn’t seem worried about a shutdown
Fears of a government shutdown coursed through Washington, D.C., on Thursday, as House and Senate leaders negotiated a spending bill and federal agencies prepared to furlough workers. But if you watched President Donald Trump touting his recently passed tax cuts outside Pittsburgh, Pa., you might never have known it. Over […]
Cramer Remix: How I decide which retailers are not buyable
When CNBC’s Jim Cramer evaluates retail companies and their stocks, he likes to go straight to the source. “I shop everywhere and if I shop at a place that I’m not that crazy about, I don’t recommend the stock. And I’m not crazy about shopping at J.C. Penney,” the “Mad […]
Supreme Court: NC doesn’t have to redraw maps by next week
The U.S. Supreme Court has delayed a lower-court order that would have forced North Carolina Republican lawmakers to redraw the state’s congressional districts by next week because of excessive partisan bias in current lines. The justices announced their decision late Thursday after legal briefs were filed for and against the […]