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Traders on the floor of the New York Stock Exchange, June 25, 2021. Source: NYSE We’re halfway through second-quarter earnings. The results not only continue to beat forecasts by a wide margin, but estimates for the third and fourth quarter — and now even for 2022 — are continuing to rise. And most say estimates

Yuriko Nakao | Getty Images The U.S. Marshals Service, one of the primary law enforcement agencies of the Department of Justice, has hired custodian Anchorage Digital for cryptocurrency seized or forfeited in various criminal cases. The Marshals Service has spent more than a year seeking a custodian and financial services provider for its stockpile of

Traders on the floor of the New York Stock Exchange. Source: NYSE The latest volatility in China – with regulators in Beijing attempting to reign in several sectors of the Chinese economy – is only the latest blow for international investors.  “The invest in China mantra has always been based on the idea that China

Changpeng Zhao, CEO of Binance, speaks during a TV interview in Tokyo, Japan, on Thursday, Jan. 11, 2018. Akio Kon | Bloomberg | Getty Images The boss of cryptocurrency exchange Binance says he’s willing to step down from his role as the company seeks to become a regulated financial institution. Speaking at a virtual press

In this article TKWY-NL An employee makes a pizza next to a Just Eat Plc branded delivery bag in the kitchen of The Fat Pizza takeaway pizza restaurant in Southend-on-Sea, U.K., on Thursday, Dec 19, 2019. Chris Ratcliffe | Bloomberg via Getty Images LONDON — Just Eat Takeaway.com is one of Europe’s biggest food delivery

Jeff Bezos holds the aviation glasses that belonged to Amelia Earhart as he speaks during a press conference about his flight on Blue Origin’s New Shepard into space on July 20, 2021 in Van Horn, Texas. Joe Raedle | Getty Images Blue Origin founder Jeff Bezos on Monday offered to cover billions of dollars of

Starbucks coffee shop logo seen at one of their stores. Stephen Zenner | LightRocket | Getty Images Wall Street is gearing up for the busiest week of earnings season. Several stock market heavyweights are lining up to release their second-quarter prints, and analysts are taking note.   The stocks mentioned in this article have just

In this article CYDY Young chemist working with chemical substances during scientific experiment in laboratory. skynesher | E+ | Getty Images Company: CytoDyn Inc. (CYDY) Business: CytoDyn is a late-stage biotechnology company. The company focuses on developing treatments for multiple therapeutic indications based on leronlimab, a novel humanized monoclonal antibody targeting the CCR5 receptor. Its

In this article SPCE Virgin Galactic CEO George Whitesides CNBC | Michael Sheetz George Whitesides, the former CEO of Virgin Galactic, will fly on the company’s next spaceflight test, CNBC has learned. Sir Richard Branson made the announcement at a party on July 11 in Las Cruces, New Mexico — following his own spaceflight —

Mark “Forger” Stucky, after piloting the company’s first successful spaceflight on December 13, 2018. Virgin Galactic Mark “Forger” Stucky, Virgin Galactic‘s flight test director and pilot, is no longer with the space tourism company. “I am now a former Director of Flight Test and former SpaceShipTwo pilot,” Stucky wrote in a post on LinkedIn. He

Online brokerage pioneer Thomas Peterffy told CNBC on Wednesday he’s invested in cryptocurrencies, while still expressing skepticism over the long-term future of the digital asset class. “Even I myself have put a little bit of money into crypto, because even though chances are, I think, that this is not going to be a viable market,

The New Shepard Blue Origin rocket prepares to lift-off from the launch pad carrying Jeff Bezos along with his brother Mark Bezos, 18-year-old Oliver Daemen, and 82-year-old Wally Funk prepare to launch on July 20, 2021 in Van Horn, Texas. Blue Origin | Anadolu Agency | Getty Images VAN HORN, Texas — Jeff Bezos‘ space

In this article SPCE AMZN An uncrewed New Shepard rocket launches on the company’s NS-14 test flight in January 2021. Blue Origin VAN HORN, Texas — Near a small town in the West Texas desert, a quartet led by the world’s richest person is preparing to launch on a historic flight to the edge of

Co-founder and director of Netflix Reed Hastings delivers a speech as he inaugurates the new offices of Netflix France, in Paris on January 17, 2020. Christophe Archambault | AFP | Getty Images As second-quarter earnings season kicks into gear, Wall Street analysts are highlighting the stocks that are poised to deliver impressive quarterly performances. The

In this article ABG sturti | E+ | Getty Images Company: Asbury Automotive Group Inc. (ABG) Business: Asbury Automotive Group is an automotive retailer in the United States. It offers a range of automotive products and services, including new and used vehicles; and vehicle repair and maintenance services, replacement parts, and collision repair services. The

Vanessa Rivera (left), Azuri Moon (center), Candace Koole (right) all say their unemployment insurance was stolen from their accounts. Source: CNBC As millions of Americans received unemployment payments to get through the crisis, scammers developed a new way to steal cash directly from recipients’ accounts, according to an investigation by CNBC. When one single mother’s

Treasury Secretary Janet Yellen speaks during the daily press briefing on May 7, 2021, in the Brady Briefing Room of the White House in Washington, DC. Saul Loeb | AFP | Getty Images U.S. Treasury Secretary Janet Yellen will meet with the President’s Working Group on Financial Markets next week to discuss the role stablecoins

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 13, 2021. Brendan McDermid | Reuters Junk bonds aren’t so junky anymore, with a strong fundamental backdrop helping to underpin what traditionally has been one of the riskiest sections of the financial markets. Yields in the $10.6

A Falcon 9 rocket booster lands after launching the company’s Transporter-2 rideshare mission on June 30, 2021. SpaceX Private investment in space companies hit $4.5 billion in the second quarter, a record for the sector, according to a report on Wednesday by New York-based firm Space Capital. “This was the largest quarter on record for

In this article CLNE CLOVW GME AMC Pedestrians pass in front of an AMC theater in New York. Scott Mlyn | CNBC The price of AMC Entertainment stock has been cut in half from its peak amid a big rout in meme stocks this month as the reality of bubble-like rallies and failing businesses started

The chairman and CEO of the world’s largest asset manager told CNBC on Wednesday that he worries about a “silent crisis of retirement,” citing global monetary policies that create disincentives for savers. “Unquestionably, as central banks keep rates low, or negative in Europe, the savers are getting slammed,” BlackRock co-founder Larry Fink said on “Squawk

A visual representation of digital currencies. Yuriko Nakao | Getty Images Virtual payments can be costly and slow – which makes them ripe for disruption by digital currencies, particularly stablecoin. What makes virtual payments inefficient is that they occur in a multitude of smaller closed networks: banks facilitate transfers linked to accounts, credit card networks

Nassim Nicholas Taleb, New York University professor and author Jerome Favre | Bloomberg | Getty Images Nicholas Nassim Taleb has reversed his stance on bitcoin. The “Black Swan” author said in a recent paper that the largest cryptocurrency by market cap has failed to satisfy the notions of it as a currency without government, a

In this article SPCE NASA Administrator Bill Nelson on Monday commended Virgin Galactic founder Richard Branson after he traveled to the edge of space as a passenger on his company’s VSS Unity spacecraft. “We put up Alan Shepard and Gus Grissom into suborbit 60 years ago, and now we’ve come to this, and I think

Art at the cryptocurrency conference Bitcoin 2021 Convention at the Mana Convention Center in Miami on June 4, 2021. Marco Bello | AFP | Getty Images Cryptocurrencies are in a summer slump as they navigate a two-month correction period following a string of negative stories. Trading volumes at the largest exchanges, including Coinbase, Kraken, Binance

An employee of the Internet company Facebook walks through the courtyard of the company campus in Menlo Park, California. Christoph Dernbach | picture alliance | Getty Images When Wall Street analysts take a more bullish stance on a particular stock, it could mean that the name is undervalued and has room to run.  The stocks

In this article DBX Dropbox CEO Drew Houston and Dropbox co-founder Arash Ferdowsi (C) celebrate the launch of Dropbox’s initial public offering as they ring the opening bell at Nasdaq MarketSite, March 23, 2018 in New York City. Getty Images Company: Dropbox Inc. (DBX) Business: Dropbox is a single organized platform where users can create

In this article OMEG A set of SkySat satellites before a launch. Planet Satellite imagery and data specialist Planet Labs is preparing to go public, announcing on Wednesday that it will merge with a SPAC to list on the New York Stock Exchange. Planet Labs is combining with special purpose acquisition company dMY Technology Group

U.S. Senator Elizabeth Warren (D-MA) questions Charles P. Rettig, commissioner of the Internal Revenue Service, during the Senate Finance Committee hearing titled The IRS Fiscal Year 2022 Budget, in Dirksen Senate Office Building in Washington, D.C., June 8, 2021. Tom Williams | Pool | Reuters Wells Fargo‘s decision to pull customers’ credit lines was lambasted

A pedestrian wearing a protective mask walks past a Wells Fargo & Co. bank branch in New York, U.S., on Thursday, July 9, 2020. Peter Foley | Bloomberg | Getty Images Wells Fargo is ending a popular consumer lending product, angering some of its customers, CNBC has learned. The bank is shutting down all existing