ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email On today’s epsiode of CNBC Crypto World, bitcoin drops to the $108,000 level. Plus, Coinbase says the crypto exchange acquired the digital asset investment platform Echo for approximately $375 million. And, Sergey Nazarov, co-founder of Chainlink, shares what was discussed during meetings…
Check out the companies making the biggest moves midday: Vicor — The maker of modular power components soared 25% after third-quarter earnings per share more than doubled the Wall Street consensus. Travel + Leisure — Shares rose nearly 12% after the travel publication reported strong results for the fiscal third quarter. The company earned $1.80…
Amazon on Wednesday unveiled a new robotic system that’s capable of performing multiple tasks at once in the company’s warehouses. The system, called Blue Jay, is made up of a series of robotic arms that are suspended from a conveyor belt-like track. Those arms are tipped with suction-cup devices that allow them to grab and…
A screen displays that trading is halted for Western Alliance Bancorporation on the floor of the New York Stock Exchange (NYSE), May 4, 2023. Brendan McDermid | Reuters Western Alliance, one of the regional banks at the center of concerns over loans made to non-bank financial players, said Wednesday it believes the loan that sparked…
Ranchers Duke Phillips III, prepares to rope a calf during the final branding at Chico Basin Ranch in Hanover, Colorado on June 29, 2024. Helen H. Richardson | MediaNews Group | The Denver Post | Getty Images President Donald Trump on Wednesday said U.S. cattle ranchers “don’t understand” how they have benefitted from his tariffs,…
The crypto industry recently had one of its worst days ever. And while bitcoin and ether holders seem to have put some of the carnage behind them, traders of many lesser-known tokens are still feeling a lot of pain. More than 1.6 million traders suffered a combined $19.37 billion erasure of leveraged positions over a…
Goldman Sachs is recommending investors consider buying puts on a basket of companies with weak fundamentals as a way to hedge against a potential market pullback. “We see rising investor interest in hedging near-term drawdown risks given equity markets are near all-time highs,” strategists wrote in a note to clients Wednesday. “While the options market…
The National Hockey League said Wednesday it’s reached a multi-year licensing agreement with prediction markets Kalshi and Polymarket. More sports leagues may be coming soon. Tarek Mansour, Kalsh’si co-founder and CEO, told CNBC’s “Squawk Box” the deal marked a “seminal moment” for prediction markets and the company. “A league like the NHL partnering with us…
BioAge Labs shares have ample room to run as the biotechnology firm’s obesity treatment is poised to gain traction in the booming weight management solutions market, according to Citigroup. The bank upgraded BioAge to buy from neutral on Wednesday, doubling its 12-month price target on the stock to $10 from $5, implying 89% upside from…
A Walmart store is shown in Oceanside, California, on May 15, 2025. Mike Blake | Reuters Walmart is pausing the hiring of job candidates who need H-1B visas to work in the U.S., according to a person familiar with the decision, an example of the ways the Trump administration’s immigration policies are shaping corporate strategy….
