Finance

Bitcoin, the world’s biggest cryptocurrency, is down more than 50% since the start of 2022. Nurphoto | Getty Images Beleaguered cryptocurrency lender Vauld has been thrown a lifeline from larger competitor Nexo, in a sign of mounting consolidation in the crypto market. Nexo said Tuesday it had signed a term sheet with Vauld giving it

Chinese Vice Premier Liu He represented his country in the signing of a trade agreement with the U.S. in January 2020.C Saul Loeb | AFP | Getty Images BEIJING — China’s Vice Premier Liu He and U.S. Treasury Secretary Janet Yellen held a virtual call Tuesday about macroeconomic issues, according to official statements from both

A factory in Suqian, Jiangsu province, China, on May 9, 2022. Future Publishing | Future Publishing | Getty Images BEIJING — By the numbers, manufacturing companies in China snagged the most investment deals in the first half of the year among 37 sectors tracked by business database Qimingpian. In fact, the number of early-stage to

In this article GOOGL TWTR A screenshot of the British Army’s Twitter profile when it was hacked, via Wayback Machine. Its profile and banner pictures were changed to resemble a nonfungible token collection called “The Possessed.” A hacker compromised the social media accounts of the British Army to push people toward cryptocurrency scams. The army’s

In this article CCL RH Interior Design area of the Restoration Hardware store in the Meatpacking District of New York. Source: RH Check out the companies making headlines in midday trading Thursday. RH — Shares of RH fell 10.6% after the high-end furniture chain slashed its full-year outlook and said consumer demand for its products

Sam Bankman-Fried, chief executive officer of FTX Cryptocurrency Derivatives Exchange, speaks during a House Financial Services Committee hearing in Washington, D.C., U.S., on Wednesday, Dec. 8, 2021. Stefani Reynolds | Bloomberg | Getty Images FTX is swooping in to buy crypto lender BlockFi for pennies on the dollar, sources told CNBC. The term sheet is

Bitcoin is a volatile asset, and has been known to swing more than 10% higher or lower in a single day. Jakub Porzycki | Nurphoto | Getty Images EU officials on Thursday secured an agreement on what is likely to be the first major regulatory framework for the cryptocurrency industry. The European Commission, EU lawmakers

In this article MGM CZR META MU KSS AAPL Check out the companies making headlines before the bell: Kohl’s (KSS) – Kohl’s tumbled 17.9% in premarket trading after the retailer confirmed an earlier CNBC report that it ended talks to be bought by Vitamin Shoppe parent Franchise Group (FRG). Kohl’s said the deteriorating retail and

In this article WDC AMD The headquarters building of Micron Technology Inc. stands in Boise, Idaho, U.S. Matthew Staver | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Micron Technology – Shares of the chipmaker fell about 6% after the company issued disappointing fiscal fourth-quarter guidance and said weakening consumer demand will

Sam Bankman-Fried, CEO of cryptocurrency exchange FTX, at the Bitcoin 2021 conference in Miami, Florida, on June 5, 2021. Eva Marie Uzcategui | Bloomberg | Getty Images FTX has signed a deal giving it the option to buy crypto lending company BlockFi. The agreement gives FTX the ability to buy BlockFi at a maximum price

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., June 15, 2022.  Brendan Mcdermid | Reuters U.S. stock futures fell Thursday night after the S&P 500 closed out its worst first-half performance in decades. Futures tied to the Dow Jones Industrial Average traded 114 points lower, or

In this article FEMA The Atlantic hurricane season is in full swing, and a new exchange-traded fund that focuses on disaster recovery has launched just in time for it. The first-of-its-kind Procure Disaster Recovery Strategy ETF invests in companies working to reduce risk and motivate sustainable recovery from natural disasters around the world. “Our partners

andresr | E+ | Getty Images IRA rollovers — transfers from 401(k) plans to individual retirement accounts — are a common financial move when workers switch jobs or retire. But rollover IRAs can cost Americans billions of dollars in extra fees over decades, according to a study issued Thursday by The Pew Charitable Trusts, a

In this article AYI RH STZ WBA XRX NXST Check out the companies making headlines before the bell: Walgreens (WBA) – The drug store operator earned an adjusted 96 cents per share for its latest quarter, 4 cents above estimates, with revenue also beating analyst forecasts. Walgreens also reaffirmed its full-year guidance, forecasting low-single-digit adjusted

Charles Scharf Qilai Shen | Bloomberg | Getty Images Wells Fargo CEO Charles Scharf said he is betting on “more significant rate hikes” as the Federal Reserve tries to rein in high inflation, and that the economy is not as prepared as it should be. “I wouldn’t bet on a number, but I would bet

In this article CCL BBBY A security guard stands next to a Bed Bath & Beyond sign at the entrance to a New York City store location. Scott Mlyn | CNBC Check out the companies making headlines in midday trading. Bed Bath & Beyond — Shares of the retailer plummeted about 21% after the company missed

A leader of the U.S. Federal Communications Commission said he has asked Apple and Google to remove TikTok from their app stores over data security concerns. Pictured here is the TikTok download page on an Apple iPhone on August 7, 2020. Drew Angerer | Getty Images News | Getty Images BEIJING — A leader of

Stock futures were flat in overnight trading Tuesday after the major averages made a failed attempt at a bounce. Futures tied to the Dow Jones Industrial Average edge 0.13% or 39 points, while the S&P 500 and the Nasdaq Composite rose 0.13% and 0.17%, respectively. Pinterest shares jumped more than 4% after hours on news

Disney store is seen in Times Square, New York City. Nick Pfosi | Reuters Check out the companies making headlines in midday trading. Nike — Shares of Nike fell more than 5% even after the company topped Wall Street’s earnings and sales expectations for the fiscal fourth-quarter. Nike said it anticipates flat to slightly higher

For more than two years, overseas travelers have had to quarantine upon arrival in China because of Covid restrictions. Pictured here at Beijing International Airport on June 18, 2022, are passengers waiting to be taken to quarantine-designated destinations. Leo Ramirez | Afp | Getty Images BEIJING — China cut the quarantine period for international travelers