Finance

In this article XRP.CM= ETH.CM= BTC.CM= Ripple CEO Brad Garlinghouse speaks during the Milken Institute Global Conference in Beverly Hills, California, on Oct. 19, 2021. Kyle Grillot | Bloomberg | Getty Images “Tribalism” around bitcoin and other cryptocurrencies is holding back the entire $2 trillion market, according to the boss of blockchain firm Ripple. “Polarization

Fans gather at the Netflix booth at a trade show. Mike Blake | Reuters Check out the companies making headlines after the bell:  Netflix — Shares of the streaming giant plummeted 25% after reporting a loss of 200,000 subscribers in the first quarter. It marked the first time Netflix reported a loss in subscribers in

Take a look at some of the biggest movers in the premarket: Netgear (NTGR) – Netgear tumbled 10.6% in premarket trading after the networking equipment maker reported weaker-than-expected preliminary results for the quarter that ended April 3. Netgear also cut its current-quarter revenue forecast, pointing to a weaker U.S. market for WiFi equipment. Zendesk (ZEN)

Fintechs have come under increased pressure to address Russian sanctions evasion, particularly amid concerns that their controls may be more lax than that of banks. Kirill Kudryavtsev | Afp | Getty Images LONDON — Seon, a start-up that helps fintech companies like Revolut tackle online fraud, has raised $94 million to develop new tools for

MIAMI — Former presidential candidate Andrew Yang says that Covid stimulus checks are not to blame for the recent inflation spike — and he’s still in favor of sending people free cash as a way to insulate workers from economic shocks and technological disruption. The universal basic income (UBI) evangelist told CNBC on the sidelines

Take a look at some of the biggest movers in the premarket: Twitter (TWTR) – Twitter shares jumped 4.5% in the premarket after the company’s board of directors adopted a so-called poison pill to prevent Tesla (TLSA) CEO Elon Musk from increasing his stake in the company past 15%. That follows Musk’s $54.20 per share

A traffic police officer prepares to check a truck at a service station near Shanghai, which has ordered tighter restrictions on travel in and out of the city as China battles its most severe Covid outbreak since the early days of the pandemic in 2020. Yin Liqin | China News Service via Getty Images BEIJING

The Huangpu River splits the Chinese city of Shanghai between the older settlement on the west and the newer, financial center on the east. Johannes Eisele | Afp | Getty Images China’s latest wave of Covid restrictions has forced millions of people — roughly three times as many as live in New York City —

In February 2020, Nio got a lifeline of financing support led by the government of Hefei city, where the electric car start-up has established its China headquarters. Qilai Shen | Bloomberg | Getty Images BEIJING — Chinese electric car company Nio said Thursday it is gradually resuming production at a facility several hours’ drive west

Jake Sullivan, White House national security adviser, speaks during an interview at an Economic Club of Washington event in Washington, D.C., U.S., on Thursday, April 14, 2022. Al Drago | Bloomberg | Getty Images WASHINGTON — National security adviser Jake Sullivan said Thursday that the Biden administration is focused on ensuring Russia isn’t able to

U.S. President Joe Biden announces the nomination of Federal Reserve Chair Jerome Powell for a second four-year term, and Federal Reserve board member Lael Brainard to serve as vice chair, in the Eisenhower Executive Office Building’s South Court Auditorium at the White House in Washington, U.S., November 22, 2021. Kevin Lamarque | Reuters President Joe

Changpeng Zhao, founder and CEO of Binance, speaks at the Blockchain Week Summit in Paris, France, on April 13, 2022. Benjamin Girette | Bloomberg | Getty Images PARIS — The crypto world may have turned a corner when it comes to regulation. The bosses of several major crypto companies told CNBC regulators are beginning to

In this article TSLA TWTR GS WFC UNH RAD MS WDC STX RENT IBM NKE Twitter Kacper Pempel | Reuters Check out the companies making headlines in midday trading. Twitter — Twitter shares ticked 1.4% higher after surging earlier on news that Elon Musk offered $54.20 a share to buy the social media company and

In this article XRP.CM= PARIS — Ripple CEO Brad Garlinghouse is confident the company will come out well as its lengthy court battle with the U.S. Securities and Exchange Commission nears a conclusion. The San Francisco-based start-up is fighting the SEC over allegations that Ripple, Garlinghouse and executive chairman Chris Larsen engaged in an illegal

Check out the companies making headlines before the bell: Twitter (TWTR) – Twitter surged 8.2% in premarket trading after Tesla (TSLA) CEO Elon Musk – currently Twitter’s largest shareholder – offered to take the company private for $54.20 per share in cash. The proposed deal would value Twitter at more than $43 billion. Goldman Sachs

Stock futures were little changed Wednesday evening as investors awaited quarterly earnings results from the biggest U.S. banks. Futures tied to the Dow Jones Industrial Average inched lower by 0.04%. S&P 500 futures and Nasdaq 100 futures slipped 0.08% and 0.04%, respectively. In regular trading the Dow advanced about 344 points, or 1%. The S&P

Getting inflation under control will require raising interest rates at a faster pace than normal even though the pace of price increases probably has peaked, Federal Reserve Governor Christopher Waller said Wednesday. That means the central bank likely will hike short-term rates by half a percentage point, or 50 basis points, at its meeting in

In this article ATRS BLK BBBY JPM DAL PYPL Check out the companies making headlines before the bell: Delta Air Lines (DAL) – Delta rallied 6.6% in the premarket after reporting a smaller-than-expected quarterly loss and predicting a current-quarter profit. The airline also said monthly revenue exceeded pre-pandemic levels for the first time in March.

A trader works on the floor of the New York Stock Exchange (NYSE) in New York, April 4, 2022. Brendan McDermid | Reuters Stocks futures were flat in overnight trading as investors weighed the latest inflation data for March. Futures on the Dow Jones Industrial Average rose 20 points or 0.06%, while S&P 500 futures

A person wearing a protective mask enters a Chipotle restaurant in San Francisco, California, U.S., on Monday, April 19, 2021. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines in midday trading. CarMax — CarMax shares dipped more than 8% after reporting a beat on revenue but a miss on