SPACs used to be a joke in Silicon Valley — now they’re going mainstream
The New York Stock Exchange welcomes Desktop Metal Inc. (NYSE: DM), today, Thursday, December 10, 2020, in celebration of its listing. To honor the occasion, Ric Fulop, Co-Founder and CEO, rings The Opening Bell®. NYSE Roger Lee of Battery Ventures...
Biden’s climate change strategy looks to pay farmers to curb carbon footprint
Fourth generation cattle rancher Loren Poncia has made Stemple Creek Ranch carbon positive. He’s implemented rotational cattle grazing systems that allow soil and grass to recover, applied compost on pastures and planted chicory that aerate the soil. Courtesy of Paige...
Op-ed: Recent antitrust proposals could ‘throw sand in the gears’ of economic recovery by stalling M&A
Senator Amy Klobuchar speaks at the Democratic 2020 U.S. presidential candidates debate at Saint Anselm College in Manchester, New Hampshire, U.S., February 7, 2020. Brian Snyder | Reuters There is growing hostility to mergers and acquisitions (M&A) among an increasing...
Stocks making the biggest moves midday: Disney, Newell Brands, Expedia & more
A visitor wearing a mask walks outside the Shanghai Disney Resort, that will be closed during the Chinese Lunar New Year holiday following the outbreak of a new coronavirus, in Shanghai, China January 24, 2020. Aly Song | Reuters Check...
Stock futures dip in overnight trading after S&P 500 ekes out record close
Traders on the floor of the New York Stock Exchange Source: The New York Stock Exchange Futures tied to major U.S. equity benchmarks dipped early Friday as Wall Street looked set to wrap up the week with modest gains. Dow...
Fed’s Harker says inflation won’t be posing a threat anytime soon
Philadelphia Federal Reserve President Patrick Harker said Thursday that the central bank won’t have to worry about inflation getting in its way anytime soon. In a CNBC interview, Harker faced a question posed repeatedly to Fed officials in recent days...
Deficit projected at $2.3 trillion for 2021, not counting additional stimulus, CBO says
The federal budget deficit is projected to total $2.3 trillion in the 2021 fiscal year, a drop from last year but well ahead of anything the U.S. had seen prior to the Covid-19 pandemic, the Congressional Budget Office reported Thursday....
Jobless claims worse than expected as pandemic-related filings surge
First-time claims for unemployment insurance totaled 793,000 last week as declining Covid-19 cases provided little relief for the jobs market. The total for the week ended Feb. 6 was above the 760,000 forecast from economists surveyed by Dow Jones but...
Uber won’t buy bitcoin with its cash but would consider accepting it as payment, CEO says
Uber CEO Dara Khosrowshahi told CNBC on Thursday the company discussed but “quickly dismissed” the idea of buying bitcoin with corporate cash like Telsa. However, Khosrowshahi said Uber would consider accepting cryptocurrencies as payment. The comments come after Tesla announced...
Biden gets 62% approval in CNBC economic survey, topping first ratings of the last four presidents
President Joe Biden is on the best presidential honeymoon since at least Bill Clinton in 1993. A special online edition of the CNBC All-America Economic Survey focusing on the Biden agenda finds his approval rating at a sky-high 62%, beating...
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