Workers unload boxes containing the Sinopharm Covid-19 vaccine, donated by China, at the Damascus International Airport on April 24, 2021, in the Syrian capital. Loua Beshara | AFP | Getty Images U.S.-China competition may be heating up on another front: Covid-19 vaccine diplomacy. China has been a major Covid vaccine […]
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Bitcoin rallies 13% jumping above $37,000 after El Salvador passes law to adopt it as legal tender
Chesnot | Getty Images Other cryptocurrencies got a lift as well, and ether and XRP were both trading higher. Bitcoin is still significantly off of its record high of $64,829.14 that was hit in April. Bitcoin is known for wild price swings that have prompted critics to suggest it is not suitable to […]
Democrats circulate draft antitrust bills that could reshape Apple, Amazon, Facebook and Google
U.S. House Impeachment manager David Cicilline (D-RI) speaks on the second day of former President Donald Trump’s second impeachment trial at the U.S. Capitol on February 10, 2021 in Washington, DC. congress.gov via Getty Images A group of House Democrats is circulating discussion drafts of antitrust bills that would force […]
Biden and Johnson to agree on new ‘Atlantic Charter’ covering tech, trade and travel
U.S. President Joe Biden waves as he and First Lady Jill Biden walk on the ellipse to board Marine One on June 09, 2021 in Washington, DC. President Joe Biden and the First Lady are traveling to the United Kingdom for the G7 Summit and will later travel to Belgium […]
‘Impotent’ Fed policy will fail to contain 1970s-type inflation, investor Peter Boockvar predicts
Most people want to forget this part of the 1970s. But inflation is back, and investor Peter Boockvar predicts it will be the most widespread in decades. “Monetary policy … is right now impotent in its ability to stimulate economic activity,” the Bleakley Advisory Group chief investment officer told CNBC’s […]
Cramer says he’s ‘not against’ GameStop, AMC at current trading levels
CNBC’s Jim Cramer said Wednesday that shares of GameStop and AMC Entertainment are within buying range, but cautioned investors who got in on the stocks lower to protect profits from a big run. “I’m not against [buying] GameStop or AMC at these levels. GameStop’s currently below where I told you […]
GameStop sales rise 25% as retailer chases e-commerce growth, says it may sell 5 million shares
SELINSGROVE, PENNSYLVANIA, UNITED STATES – 2021/01/27: A woman walks past the GameStop store inside the Susquehanna Valley Mall. An online group sent share prices of GameStop (GME) and AMC Entertainment Holdings Inc. (AMC) soaring in an attempt to squeeze short sellers. Photo by Paul Weaver/SOPA Images/LightRocket via Getty Images GameStop‘s […]
Hot inflation may have become scorching in May and is expected to hit a 28-year high
Inflation has been warming up this spring, and it’s expected to hit historical levels for the month of May. The consensus forecast for the core consumer price index, which excludes food and energy, is 3.5% on a year-over-year basis, according to Dow Jones. That’s the fastest annual pace in 28 […]
Stock futures open higher as investors await key inflation report
Commuters exit a Wall Street subway station near the New York Stock Exchange. Michael Nagle | Bloomberg | Getty Images Futures contracts tied to the major U.S. stock indexes rose at the start of the overnight session Wednesday evening as investors eyed a key inflation report due out Thursday. Dow […]
Crowdstrike CEO on the evolution of ransomware: ‘It’s become big game hunting’
Crowdstrike CEO George Kurtz said Wednesday the cybersecurity firm has had to combat tougher challenges as adversarial hackers advance from simple online phishing scams to sophisticated ransomware attacks on large enterprises. “Now the adversaries are taking a page out of nation-state actors,” he told CNBC’s Jim Cramer. “It’s become big […]