Shares of Coinbase and other cryptocurrency companies surged Wednesday after President Donald Trump threw his weight behind the industry’s battle against U.S. banks over yield-bearing stablecoins — adding to momentum the firms were already feeling from bitcoin‘s bounce. Coinbase was last up more than 12%. Other digital asset firms such as Strategy and Circle jumped…
High-end luxury sports car makers, like the rest of the auto industry, are starting to figure out how big demand is for electric vehicles. Lamborghini has said there is nearly no market for electric supercars. But fellow luxury carmaker Ferrari is pressing ahead with an EV, although it has also downsized its EV plans. The…
Disney’s cruise line is going big in Asia. This month, the company’s eighth and largest ship, the Disney Adventure, will embark on its maiden voyage, carrying passengers on three- and four-night journeys at sea from its berth in Singapore. The vessel accommodates a whopping 6,700 passengers, around two-thirds more capacity than Disney’s Wish class ships,…
US President Donald Trump boards Air Force One before departing Palm Beach International Airport in West Palm Beach, Florida, on March 1, 2026, on his way back to Washington, DC. Mandel Ngan | Afp | Getty Images President Donald Trump has thrown his support behind crypto firms in their high-stakes battle with U.S. banks over…
Private sector hiring was a bit better than expected in February, though most of the job creation came from just two sectors, ADP reported Wednesday. Companies added a seasonally adjusted 63,000 workers during the month, an improvement from the downwardly revised 11,000 in January and better than the Dow Jones consensus estimate for 48,000, according…
Check out the companies making headlines before the bell. Moderna — The biotechnology firm’s stock rose nearly 11% after it said it agreed to pay up to $2.25 billion to settle with Biopharma Corporation and Genevant Sciences GmbH a lawsuit over a Covid vaccine patent dispute. Ross Stores — Shares popped 7% after the off-price…
Scott Bessent, US treasury secretary, speaks during the Trump Accounts Launch Summit in Washington, DC, US, on Wednesday, Jan. 28, 2026. Valerie Plesch | Bloomberg | Getty Images Treasury Secretary Scott Bessent said Wednesday Washington will roll out a series of measures aimed at stabilizing oil shipments through the Persian Gulf, signaling that the government…
In an aerial view, two-story single family homes line the streets on Jan. 14, 2026 in Thousand Oaks, California. Kevin Carter | Getty Images Legislation to ban institutional investors from buying single-family homes to rent is making its way through Congress, but many of them are already selling thousands of homes — and have been…
Middle East conflict adds to central bank headaches as oil extends four-day rally A widening Middle East conflict has posed a fresh test for global central banks, as fears of an oil shock and renewed inflation risks complicate policymakers’ calculus for shoring up growth. Brent crude prices extended four days of gains, rising 1.6% to $82.76…
Artificial intelligence disruption worries have put a dent into CrowdStrike shares, but Josh Brown, CEO of Ritholtz Wealth Management, remains bullish on the stock. CrowdStrike tanked nearly 16% in February. The company suffered alongside a cohort of cybersecurity stocks after Anthropic unveiled a security tool for its Claude model, sparking concerns that AI could upend…
