In this photo illustration, the Webull Financial logo seen displayed on a smartphone screen. Rafael Henrique | SOPA Images | LightRocket | Getty Images Webull is planning to go public through merging with a special purpose acquisition company in a deal that values the digital investing platform at $7.3 billion. […]
CNBC News
Mitch McConnell to step down as Republican Senate leader in November
Sen. Mitch McConnell of Kentucky said Wednesday that he will step down as Republican leader in the Senate in November. McConnell, 82, revealed his plans in an address to the Senate, where he currently serves as minority leader. McConnell, who is the longest-serving Senate caucus leader in history, plans to […]
Coinbase users see $0 balance after crypto-trading app suffers glitch
The Coinbase and bitcoin logos are displayed on a phone screen in San Anselmo, California, on Feb. 15, 2024. Justin Sullivan | Getty Images Coinbase‘s app suffered from glitches on Wednesday that led many users to see a balance of zero when opening their accounts. Bitcoin, which had just spiked […]
Bitcoin jumps above $62,000 for the first time since November 2021
Rafael Henrique | Sopa Images | Lightrocket | Getty Images Bitcoin continued its surge on Wednesday, shooting above $60,000 for the first time since November 2021. The price of the flagship cryptocurrency was last higher by 9% at $62,487.00, according to Coin Metrics. Earlier, it rose as high as $62,555.00. […]
FTX fraudster Bankman-Fried seeks less than 7 year sentence, claims he is at risk of ‘harm and extortion’ in prison
Sam Bankman-Fried, co-founder of FTX Cryptocurrency Derivatives Exchange, arrives at court in New York, US, on Thursday, Feb. 16, 2023. Stephanie Keith | Bloomberg | Getty Images Lawyers for Sam Bankman-Fried are asking a judge for a relatively short sentence like “junk bond king” Michael Milken instead of the 100 […]
Google CEO tells employees Gemini AI blunder ‘unacceptable’
Google CEO Sundar Pichai speaks with Emily Chang during the APEC CEO Summit at Moscone Center West in San Francisco on Nov. 16, 2023. Justin Sullivan | Getty Images News | Getty Images In a memo Tuesday evening, Google CEO Sundar Pichai addressed the company’s artificial intelligence mistakes, which led […]
TJX tops earnings estimates but issues light guidance ahead of uncertain growth path
TJX Cos. on Wednesday said holiday sales jumped 13% as shoppers hunting for deals flocked to the off-price retailer. Despite the strong quarter and end to its fiscal year, the company issued guidance that came in light of Wall Street’s expectations as it prepares for tougher comps in the year […]
Top Amazon aggregator Thrasio files for bankruptcy
Thrasio, an early leader in the big business of Amazon aggregators, had a booth at the popular Prosper Show for Amazon sellers in Las Vegas, Nevada, on July 14, 2021. Katie Schoolov Thrasio, an early leader in aggregating Amazon sellers, filed for Chapter 11 bankruptcy protection in a New Jersey […]
FAA gives Boeing 90 days to come up with quality control plan after 737 Max accident
An aerial photo shows Boeing 737 Max airplanes parked on the tarmac at the Boeing Factory in Renton, Washington, on March 21, 2019. Lindsey Wasson | Reuters The Federal Aviation Administration is giving Boeing 90 days to come up with a plan to improve quality control, the agency said Wednesday, […]
These are the 2024 CNBC Changemakers: See the full list of women transforming business
Women in leadership are reaching a level of success that is not only exceptional but highlights novel approaches to old business problems and identification of new market opportunities. The women named to the inaugural CNBC Changemakers list are creating a pattern of what it takes to defy the odds, innovate […]