Sterling Eases Vs Dollar, UK Reopening Eyed
Sterling eased against a broadly stronger dollar on Tuesday, with no significant data releases on the economic calendar leaving analysts…
Category: World
Dementia Expert Says Evidence behind Biogen Alzheimer’s drug ‘Wasn’t Sufficient’ For FDA Approval
Dementia expert Dr. Jason Karlawish told CNBC he’s skeptical of the Food and Drug Administration’s approval of Biogen’s Alzheimer’s disease drug, Aduhelm, saying…
Cramer’s Lightning Round: I Prefer Moderna Stock Over Novavax
Novavax: “I have to tell you even after today’s run in Moderna, I still prefer Moderna’s stock than Novavax because I…
Jim Cramer says Yellen’s interest rate comments ‘spooked the market’
CNBC’s Jim Cramer blamed Monday’s stock market decline on messaging from the head of the U.S. Treasury. On Sunday, Secretary Janet…
Apple is turning privacy into a business advantage, not just a marketing slogan
Apple unveiled new versions of its operating systems on Monday which showed that the company’s focus on privacy has taken a…
NBCUniversal will air more than 7,000 hours of Olympics coverage on TV and streaming video
NBCUniversal, the parent company of CNBC, announced Monday it will show more than 7,000 hours of content from the Tokyo…
Biogen CEO says $56,000 annually for Alzheimer’s drug is ‘fair,’ promises not to hike price for at least 4 years
Biogen CEO Michel Vounatsos told CNBC on Monday that the list price of $56,000 per year for the company’s FDA-approved Alzheimer’s…
Tesla veteran Jerome Guillen leaves after less than three months leading trucking business
Tesla executive Jerome Guillen has left the company after only three months as the president of its Heavy Trucking unit, according…
Salesforce CEO Marc Benioff expects half or more of employees to work from home after the pandemic: ‘The past is gone’
Salesforce CEO Marc Benioff said Monday that he expects half or more of his company’s employees to continue working from home after the…
Airport security company CLEAR files to go public as post-pandemic travel picks up
CLEAR, the company best known for helping travelers zip through airport security lines, filed its IPO prospectus on Monday, and indicated that…
Marc Benioff reveals investment in SpaceX, but says he’d need ‘a couple of Ativans’ to leave Earth
Salesforce CEO Marc Benioff said Monday that he’s bullish on space, noting that he’s an investor in Elon Musk’s SpaceX along with start-ups Astra, Swarm…
Goldman Sachs survey shows Asian hedge funds really don’t like bitcoin
Asian hedge funds may not be as bullish on bitcoin compared to their peers in the U.S., according to a…
Here are Cowen’s favorite ways to play the renewable future
The so-called clean-tech universe is attracting more dollars as investors bet on the energy transition, and Cowen put together a…
Interactive Brokers founder: Don’t short AMC, meme stocks — they can soar to ‘unimaginable highs’
Interactive Brokers founder and Chairman Thomas Peterffy on Monday issued a warning to investors betting against so-called meme stocks like AMC Entertainment.…
3 things investors should know before Stitch Fix reports third-quarter results on Monday
Investors are preparing for what could be another roller coaster in Stitch Fix shares when the online styling service reports fiscal third-quarter…
Kroger to hire 10,000 workers across its grocery brands
Kroger announced Monday that it will hold a hiring event on Thursday to fill 10,000 jobs across its businesses. The event…
U.S. recovers $2.3 million in bitcoin paid in the Colonial Pipeline ransom
WASHINGTON – U.S. law enforcement officials said Monday they were able to recover $2.3 million in bitcoin paid to a…
Stitch Fix shares soar as sales top estimates, styling service raises full-year outlook
Stitch Fix shares soared Monday after the online shopping and styling service reported a narrower-than-expected loss in its fiscal third quarter.…
IRS Is Sending More Than 2.8 Million Refunds To People Who Paid Taxes On Unemployment Benefits
Federal refunds are on the way to more than 2.8 million people who paid taxes on unemployment benefits that no…
Deutsche Bank Warns Of Global ‘Time Bomb’ Coming Due To Rising Inflation
Inflation may look like a problem that will go away, but is more likely to persist and lead to a…
Dented By Jobs Miss, Dollar On Backfoot Ahead Of CPI
The dollar began the week on the defensive after being dented by a second batch of disappointing jobs figures, as…
El Salvador Will Adopt Bitcoin As Legal Tender, President Says
Atlanta (CNN Business)El Salvador could become the first county to adopt bitcoin as a legal tender, Salvadorian President Nayib Bukele announced in…
Investors Scramble For Returns In Non-Conventional Properties
At a time when high-yield investment assets are scarce, the non-conventional property sector is taking centre stage in the market,…
Money Market Funds See More Inflows As Banking Reserves Surge
Money market funds and equities saw almost similar inflows, BofA’s latest fund flow statistics showed on Friday, in a puzzling…
The Yuan Is Set To Weaken From Here, With Or Without PBOC
The yuan has had a fine run but the tide may be turning, even if the People’s Bank of China…
International Trade: Investors Bemoan Nigeria’s Unfriendly Business Climate
Investors have bemoaned the harsh business climate in Nigeria occasioned by security challenges noting that insecurity is increasingly affecting investors’…
Bitcoin Slides After Musk Tweets Broken-Heart Emoji For Token
Bitcoin slid after a cryptic tweet from Elon Musk apparently hinting at a potential split with the largest cryptocurrency, the…
Duration Of U.S. Dollar Weakness Splits FX Analysts
The U.S. dollar outlook is uncertain, with foreign exchange strategists in a Reuters poll almost evenly split on the greenback’s…
Dollar Soars Ahead Of Payrolls But Can The Rally Last?
The U.S. dollar traded sharply higher against all of the major currencies on Thursday with USD/JPY closing above 110 for…
Foreign Stock Investors Withdraw N99.94bn In Four Months
A total of N99.94bn was pulled out by foreign investors from the Nigerian stock market in the first four months…