Ripple seeing ‘good progress’ in SEC case over XRP, outcome expected next year
Fintech company Ripple is making great strides in its legal feud with the U.S. Securities and Exchange Commission, CEO Brad Garlinghouse told CNBC on Monday. Garlinghouse said he expects the case, which centers on XRP, the world’s seventh-biggest cryptocurrency, will...
Biden picks Jerome Powell to lead the Fed for a second term as the U.S. battles Covid and inflation
Jerome Powell, who guided the Federal Reserve and the nation’s economy through the staggering and sudden Covid-19 recession by implementing unprecedented monetary stimulus, is being nominated for a second term as chairman of the U.S. central bank. President Joe Biden...
Home sales rose in October as investors rushed into the market
Real estate broker Rebecca Van Camp places a “Sold” placard on her sign in front of a home in Meridian, Idaho, on Wednesday, Oct. 21, 2020. Darin Oswald | Tribune News Service | Getty Images Sales of previously owned homes...
Here’s what you need to know about Lael Brainard, Biden’s pick for vice chair at the Fed
U.S. Federal Reserve board member Lael Brainard speaks after she was nominated by U.S. President Joe Biden to serve as vice chair of the Federal Reserve, in the Eisenhower Executive Office Building’s South Court Auditorium at the White House in...
Stocks making the biggest moves midday: General Motors, Astra, Activision Blizzard and more
The GM logo is seen on a water tank of the General Motors assembly plant in Ramos Arizpe, in Coahuila state, Mexico February 11, 2021. Daniel Becerril | Reuters Check out the companies making headlines in midday trading. Activision Blizzard...
Stock futures rise slightly as market enters holiday-shortened week
A trader during the Sweetgreen initial public offering (IPO) in front of the New York Stock Exchange (NYSE) in New York, on Thursday, Nov. 18, 2021. Michael Nagle | Bloomberg | Getty Images Stock futures rose slightly in overnight trading...
Market is ‘one more bad inflation report’ away from a correction, Wharton’s Jeremy Siegel warns
Long-term market bull Jeremy Siegel expects a serious pullback that it isn’t tied to the Covid-19 surge risks. His tipping point: a drastic change in Federal Reserve policy in order to deal with hot inflation. “If the Fed suddenly gets...
Stocks making the biggest moves midday: Moderna, Robinhood, Boeing and more
Moderna’s sign is seen outside of their headquarters in Cambridge, MA on March 11, 2021. Boston Globe | Getty Images Check out the companies making headlines in midday trading. United Airlines, Boeing — Shares of travel-related stocks dipped after Austria...
Restrictive retirement rules for the rich edge closer as House passes $1.75 trillion Biden plan
U.S. Speaker of the House Nancy Pelosi (D-CA) speaks during a news conference following the passage of the Build Back Better Act, in the U.S. Capitol, in Washington, November 19, 2021. Al Drago | Reuters The House of Representatives passed...
House bill makes child tax credit fully refundable, a boon for low earners
Speaker of the House Nancy Pelosi, D-Calif., speaks at a press conference, along with House Democratic leadership, after the House passed the Build Back Better Act on Nov. 19, 2021. Anna Moneymaker | Getty Images News | Getty Images The...
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