It’s been a brutal year for the cryptocurrency market. In the latest blow to the crypto space, Core Scientific, one of the largest publicly traded crypto mining companies in the US, which primarily mints bitcoin, filed for bankruptcy on Dec. 21, citing falling crypto prices and rising energy costs. And the implosion of FTX, a …
The core inflation rate most closely watched by the Federal Reserve eased further in November, though a touch less than expected. Yet Fed chief Jerome Powell has recently put the focus on a new “most important” inflation rate to make the case for continued rate hikes: PCE services less housing, which slipped to 4.3% last …
The Fed’s New Key Inflation Rate Cooled In November; S&P 500 futures slip Read More »
Tesla CEO Elon Musk showed up in a Twitter spaces conversation, and had several tidbits for investors including an important pledge. Musk committed to not selling Tesla (ticker: TSLA) stock for the coming 18 to 24 months, until 2024 or 2025, adding that he sold some stock recently to prepare for worst-case scenarios at Twitter. …
No More Tesla Stock Sales Until 2024, and Other Tidbits From Musk Read More »
The terms of the $250 million bail agreement for FTX founder Sam Bankman-FriedCNBC Television Sam Bankman-Fried may be ‘in a position to name names’ in FTX fraud: Former prosecutorYahoo Finance FTX founder Sam Bankman-Fried to be released on $250 million bail, will live with his parentsCNBC Is Caroline Ellison the reason the authorities arrested Sam …
new York CNN — If you’re hoping that your last-minute Christmas gift will arrive on time, you may be out of luck. Amazon, the US Postal Service, UPS and FedEx are all warning that the winter storm hitting large swaths of the United States is disrupting operations in the final delivery days before Christmas. “FedEx …
89 post offices closed as massive winter storm disrupts last-minute holiday deliveries Read More »
The Dow Jones Industrial Average fell Friday morning after the early release of November’s personal consumption expenditures data, an inflation gauge watched closely by the Federal Reserve. Tesla stock reversed lower to hit a new low after Chief Executive Elon Musk said he would not sell any more Tesla shares for at least 18 to …
Dow Jones Falls On Inflation Data; Tesla Stock Hits New Low Amid Elon Musk Comments Read More »
US stocks struggled for direction at Friday’s open as investors tried to curb a vicious bout of selling that has plagued the month ahead of the long holiday weekend. The S&P 500 (^GSPC) slumped 0.1%, while the Dow Jones Industrial Average (^DJI) hovered below the flatline. The technology-heavy Nasdaq Composite (^IXIC) fell 0.4%. The US …
Stocks waver, head toward third-straight losing week Read More »
US stock futures wobbled Friday morning ahead of the long holiday weekend. Futures tied to the S&P 500 (^GSPC) slumped 0.1%, while futures on the Dow Jones Industrial Average (^DJI) hovered below the flatline. Contracts on the technology-heavy Nasdaq Composite (^IXIC) were 0.2% lower. The US stock and bond markets will be closed on Monday, …
There’s a new AI bot in town: ChatGPT, and even if you’re not into artificial intelligence, you’d better pay attention. The tool, from a power player in artificial intelligence called OpenAI, lets you type questions using natural language, to which the chatbot gives conversational, if somewhat stilted, answers. The bot remembers the thread of your …
Why Everyone’s Obsessed With ChatGPT, a Mind-Blowing AI Chatbot Read More »
Bloomberg | Bloomberg | Getty Images More than half of logistics managers at major companies and trade groups say they do not expect the supply chain to return to normal until 2024 or after, according to a new CNBC survey. Sixty-one percent of respondents said their current supply chain is not operating normally, compared with …
Supply chain managers expect problems to continue through 2024 Read More »