Omer Taha Cetin | Anadolu | Getty Images Bitcoin climbed above $70,000 as investors braced themselves for MicroStrategy earnings and counted the days to the U.S. presidential election. The price of bitcoin was last higher by about 2% at $71,048.36, according to Coin Metrics. Ether jumped 5%. Stocks tied to the price of the cryptocurrency…
Sebastien Bozon | AFP | Getty Images With massive corporations including Alphabet, Meta, Apple, Microsoft and Amazon set to report earnings next week, CNBC’s Jim Cramer on Friday urged investors to keep a level head. He also said not to forget about the nonfarm payroll report next Friday, where a weak hiring result could urge…
[The stream is slated to start at 11 a.m. ET. Please refresh the page if you do not see a player above at that time.] Rohit Chopra, director of the Consumer Financial Protection Bureau, will speak Wednesday at DC Fintech Week in Washington, D.C. The bureau finalized its personal financial data rights rule on Tuesday,…
CNBC’s Jim Cramer analyzed Tuesday’s market action and explained why some Big Tech favorites saw gains while other stocks floundered, saying investors are worried about the broad economic implications of rising bond yields. “Big tech made a big comeback today because of the bond market, not anything to do with the stocks themselves,” he said….
Independent power producers Vistra , Constellation Energy and Talen Energy are positioned to benefit from a “paradigm shift” in electric demand from artificial intelligence data centers, according JPMorgan. The investment bank initiated coverage of the stocks Thursday with overweight ratings. Shares of the three power companies are poised for more upside even after their tremendous…
Bank of America topped analyst estimates for third-quarter profit and revenue on better-than-expected trading results. Here’s what the company reported: Earnings: 81 cents vs. 77 cents LSEG estimate Revenue: $25.49 billion vs. $25.3 billion estimate The bank said Tuesday that net income fell 12% from a year earlier to $6.9 billion, or 81 cents a…
JPMorgan Chase posted third-quarter results that topped estimates for profit and revenue as the company generated more interest income than expected. Here’s what the company reported: Earnings: $4.37 a share vs. $4.01 a share LSEG estimate Revenue: $43.32 billion, vs. $41.63 billion estimate JPMorgan said profit fell 2% from a year earlier to $12.9 billion,…
Coinbase’s move to delist some stablecoins this year could help the company’s bottom line, according to one analyst. The crypto exchange operator said Friday it will delist stablecoins in Europe that are not compliant with requirements of the Markets in Crypto-Assets regulation, the celebrated European Union crypto law that will fully take effect Dec. 30….
In a Friday interview with CNBC’s Jim Cramer, Constellation Brands CEO Bill Newlands brushed off concerns about the possibility of higher tariffs, which former President Donald Trump has pledged to implement if elected. “First of all, assuming there was a Trump administration, we already had four years of a Trump administration, and our business was…
U.S. crude oil prices rose more than 4% on Thursday, on pace for a third consecutive session of gains on fears that Israel could strike Iran’s oil industry in retaliation for Tehran’s ballistic missile attack this week. President Joe Biden was asked by reporters Thursday morning whether the U.S. would support an Israeli strike on…
