Ark Invest’s Cathie Wood has trimmed her most bullish forecast for bitcoin, acknowledging that the rapid rise of stablecoins is taking on a role she once thought bitcoin would fill. “Stablecoins are usurping part of the role that we thought bitcoin would play,” Wood, CEO and chief investment officer of Ark, said Thursday on CNBC’s ”…
The stock market got a boost on Wednesday after Supreme Court justices appeared skeptical about the legality of a portion of President Donald Trump’s tariffs. Certain names could get an even bigger boost if the government is forced to refund some of the tariff money, according to analysis by Wells Fargo. The Supreme Court on…
Chipotle Mexican Grill and Coach store logos. Getty Images Chipotle and Cava pinned weaker sales on younger customers who are pulling back and packing lunches. But Gen Z shoppers are still spending on Coach handbags to bring to work — even if they’re skipping bowls and burritos. Coach’s parent company Tapestry raised its full-year outlook…
Check out the companies making headlines before the bell: Qualcomm — Shares slipped 1% as Qualcomm expects that it will lose Apple as a customer for its modem business in the coming years. This potential waning opportunity overshadowed Qualcomm’s fiscal fourth-quarter earnings and revenue beat and strong current quarter forecast. Warner Bros. Discovery — Shares…
The ESPN Bet logo on a laptop arranged in New York, US, on Thursday, Feb. 22, 2024. Gabby Jones | Bloomberg | Getty Images Disney’s ESPN and Penn Entertainment are terminating their sports betting partnership, bringing an end to the ESPN Bet brand on Penn’s sportsbook years earlier than planned. The partnership, which came together…
A CarMax dealership in Santa Rosa, California, on April 11, 2023. Justin Sullivan | Getty Images DETROIT – Shares of CarMax Inc. fell more than 10% during premarket trading Thursday after the used car retailer announced the unexpected departure of CEO Bill Nash. The company said board member David McCreight, a retail clothing executive who…
A banner is displayed for Forge Global Holdings Inc. to celebrate the company’s listing at the New York Stock Exchange (NYSE) in New York City, U.S., March 22, 2022. Brendan Mcdermid | Reuters Charles Schwab on Thursday agreed to buy private shares platform Forge Global in a deal valued at $660 million as Wall Street…
Eli Lilly Biotechnology Center is shown in San Diego, California, March 1, 2023. Mike Blake | Reuters Eli Lilly on Thursday said it will start late-stage trials on its experimental amylin obesity drug next month after it showed encouraging results in a mid-stage study. The highest dose of the weekly injection, called eloralintide, helped patients…
KANSAS CITY, MISSOURI – NOVEMBER 02: Nichelle Prince #8 of Kansas City Current celebrates with teammates after scoring the team’s second goal during the NWSL match between Kansas City Current and San Diego Wave at CPKC Stadium on November 02, 2025 in Kansas City, Missouri. (Photo by Amy Kontras/NWSL via Getty Images) Amy Kontras |…
Americans are feeling a credit crunch: U.S. consumers held a record $1.21 trillion in credit card debt in the second quarter of 2025, according to the New York Fed. Nearly half of cardholders carry a balance from month to month and the portion who are behind on even the minimum payment has risen to 12.3%,…
