Coinbase’s crypto holdings jumped ninefold last year to over $300 million as bitcoin surged
Brian Armstrong, co-founder and chief executive officer of Coinbase Inc. David Paul Morris | Bloomberg | Getty Images Coinbase isn’t just enabling the trading of a bunch of bitcoin – it’s holding cryptocurrencies on its books. In the company’s prospectus...
Here’s why jobless claims are the wrong way to understand unemployment in the U.S.
The number of individuals filing first-time claims for state unemployment benefits fell sharply last week, with a total of 730,000 new claims for the week ended Feb. 20, the Department of Labor reported. The unemployment rate has also been falling,...
Carlyle’s Rubenstein says biggest economic risk is high unemployment, not stock market speculation
David M. Rubenstein, Co-Founder & Co-Executive Chairman, The Carlyle Group. David A. Grogan | CNBC Carlyle Group co-founder David Rubenstein told CNBC on Thursday he believes the largest economic risk is high unemployment, not some areas of the stock market where valuations...
Weekly jobless claims drop sharply but labor market remains challenged
Jobless claims fell sharply last week despite severe winter storms that swept across Texas and other parts of the South, the Labor Department reported Thursday. First-time filings for unemployment insurance totaled 730,000 for the week ended Feb. 20, well below...
Double down on epicenter stocks and avoid Big Tech, market bull Tom Lee suggests
The Nasdaq’s slump may be just starting. Fundstrat Global Advisors’ Tom Lee sees a major market shift underway in which Big Tech starts to greatly underperform economically sensitive stocks. So, he’s telling investors to double down on epicenter trades, which...
Stocks making the biggest moves in the premarket: Lowe’s, GameStop, Square, Intuit & more
Take a look at some of the biggest movers in the premarket: Lowe’s (LOW) – The home improvement retailer reported quarterly profit of $1.33 per share, 12 cents a share above estimates. Revenue also came in above analysts’ forecasts. Same-store...
Workhorse Group drops nearly 50% after EV company is passed over for USPS contract
Workhorse W-15 Electric Pickup Truck. Source: Workhorse Shares of Workhorse Group dropped more than 50% at one point on Tuesday after the company was passed over for a key contract from the U.S. Postal Service. Amid heightened volatility, the stock...
Powell says inflation is still ‘soft’ and the Fed is committed to current policy
Inflation and employment remain well below the Federal Reserve’s goals, meaning easy monetary policy is likely to stay in place, central bank Chairman Jerome Powell said Tuesday. Despite a sharp rise this year in bond yields that has accompanied heightened...
December home prices rose 10.4%, the biggest gain in 7 years, Case-Shiller says
A houseÕs real estate for sale sign shows the home as being Òunder contractÓ in Washington, DC, November 19, 2020. Saul Loeb | AFP | Getty Images December is usually the slowest month for the housing market, but price gains...
HSBC pays dividends again after beating estimates on 2020 profit
HSBC building in the Canary Wharf district of London, U.K. Leon Neal | AFP | Getty Images HSBC on Tuesday reported full-year earnings for 2020 that beat expectations and announced a dividend payout for the first time since the Covid-19...
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