Investing News

Circle, the firm behind the stablecoin USDC, has doubled its valuation to $9 billion following a new deal with blank-check company Concord Acquisition Corp. The two companies first revealed their plans to merge in July, in a deal that at the time valued Circle at just $4.5 billion. They have now updated the terms of

A Blue Origin New Shepard rocket lifts off with a crew of six, including Laura Shepard Churchley, the daughter of the first American in space Alan Shepard, for whom the spacecraft is named, from Launch Site One in west Texas, U.S. December 11, 2021. Joe Skipper | Reuters WASHINGTON – Jeff Bezos’ space company Blue

Key Takeaways Nvidia’s data center revenue beat analysts’ expectations, with growth accelerating from the previous quarter’s pace. Demand for services offered by data centers has grown rapidly during the pandemic, boosting demand for Nvidia’s chips. Nvidia posted record revenue in its gaming, data center, and professional visualization businesses. Source: Predictions based on analysts’ consensus from Visible

In this article ABNB RBLX Many companies appear to be ill-equipped to thrive in a post-Covid world, CNBC’s Jim Cramer said Wednesday. “I have not seen a lot of companies who are prepared for post-pandemic. I’ve seen a lot of companies that were kind of banking on a little more pandemic,” Cramer said. The “Mad

When you buy a car outright—without using a bank or dealer financing—the seller gives you a certificate of title. The title serves as proof of ownership and includes identifying information about the vehicle, such as its make, model, and vehicle identification number (VIN).  A title is essential for registering or selling a vehicle. An understanding

Inflation in the U.S. may not be able to go any higher in the current economic cycle, CNBC’s Jim Cramer said Tuesday on the heels of yet another hot price index report. “I think this is the highest I’ve ever seen these numbers, and they merit attention, they merit what Mr. Bullard said yesterday, and

Monopolistic Market vs. Perfect Competition: An Overview A monopolistic market and a perfectly competitive market are two market structures that have several key distinctions in terms of market share, price control, and barriers to entry. In a monopolistic market, there is only one firm that dictates the price and supply levels of goods and services,

Artur Widak | NurPhoto | Getty Images The bitcoin narrative could be tested this week as investors monitor tense developments between Ukraine and Russia and weigh the possibility of the Federal Reserve hiking interest rates by 50 basis points, or 0.5 percentage point, in March. The largest cryptocurrency by market capital currency has long been

RBOB gasoline futures are listed on the Chicago Mercantile Exchange (CME) under the futures symbol RB. Although it does not receive as much investor interest as crude oil futures, the contract serves as an essential vehicle for market participants seeking to speculate and hedge in the gasoline market. Here are four important facts for anyone

In this article ON SNAP RIOT SPOT LYFT Reuters Investors kicked off 2022 in a swirl of uncertainty, including the Federal Reserve’s move to tighten monetary policy, rising inflation and tension between Russia and Ukraine. Indeed, these factors so unsettled the market, the major indexes ended the prior week firmly in negative territory. Finding long-term

Wire transfers offer a way to send money electronically from one person or entity to another. It’s possible to wire money between banks in the U.S. as well as international financial institutions and non-bank money transfer providers. A wire transfer may be preferable for situations in which you need to move larger amounts of money

In this article VIVO VioletaStoimenova | E+ | Getty Images Company: Meridian Bioscience Inc. (VIVO) Business: Meridian Bioscience is a life science company that develops, manufactures, distributes, and sells diagnostic test kits primarily for gastrointestinal and respiratory infectious diseases, as well as elevated blood lead levels worldwide. The company has two business segments. The Life

Emerging in the 1990s, both Amazon.com (AMZN) and eBay Inc (EBAY) facilitated the expansion of the global electronic commerce sector. Although Amazon and eBay are both multinational e-commerce corporations, eBay is solely a marketplace to conduct business, whereas Amazon is both a marketplace and a retailer. Formerly just an online bookstore, Amazon expanded into a superstore selling digital media as

Elon Musk gestures as he speaks during a press conference at SpaceX’s Starbase facility near Boca Chica Village in South Texas on February 10, 2022. Jim Watson | AFP | Getty Images CAMERON COUNTY, Texas — Standing under the towering profile of SpaceX’s next-generation Starship rocket, CEO Elon Musk on Thursday gave his pitch for

Digital investment advisor Betterment has acquired robo-advisory firm Makara that offers cryptocurrency. The acquisition’s terms were not disclosed. Betterment, which is the biggest independent digital advisor in the United States, pioneered robo-investing—an industry that grew during the pandemic.  The company’s CEO Sarah Levy stated that Makara was unique because it combined crypto offerings with guidance

Zhao Changpeng, founder and chief executive officer of Binance, speaks during an interview in Singapore, on Nov. 19, 2021. Wei Leng Tay | Bloomberg | Getty Images Binance, the world’s biggest cryptocurrency exchange, is making a $200 million strategic investment in Forbes, the 104-year old magazine and digital publisher, CNBC has learned. The funds will

Key Takeaways Gross bookings came in at $25.9 billion, surpassing analysts’ expectations. Gross bookings measure the total dollar amount that Uber generates across its business platforms. Uber said that the omicron variant had an impact on its business in late December but that it’s already bouncing back to continue its ongoing recovery from the pandemic.

A batch of Starlink satellites deploy in orbit after a launch on Nov. 13, 2021. SpaceX Elon Musk’s SpaceX expects to lose nearly an entire launch’s worth of Starlink satellites after a storm created by the sun struck the Earth’s atmosphere. The company launched 49 Starlink satellites with a Falcon 9 rocket on Feb. 3.

Editor’s note: Below you’ll find the week 74 release of the NYC Recovery Index, originally published Feb. 1, 2022. Visit the NYC Recovery index homepage for the latest data. New York City’s economic recovery index experienced some setbacks over the week ended Jan. 22, as the index fell from a score of 79 to 75.

With e-commerce sales soaring in China, shares of online retail giant Alibaba Group Holding Ltd. (BABA) have risen steadily over the past decade, and it’s not surprising that there are a number of options for the investor interested in mutual funds and exchange-trade funds (ETF) holding Alibaba. Here are the top 5 funds holding shares in