A Fidelity Investments location in New York. Scott Mlyn | CNBC Fidelity Investments said Tuesday it will offer investors the option to put bitcoin in their 401(k)s, making it the first provider to offer crypto for retirement savings. The crypto offering will be available for 23,000 employers that use Fidelity to administer their retirement accounts by mid-year 2022. With $11.3 …
Ripple CEO Brad Garlinghouse speaks during the Milken Institute Global Conference in Beverly Hills, California, on Oct. 19, 2021. Kyle Grillot | Bloomberg | Getty Images “Tribalism” around bitcoin and other cryptocurrencies is holding back the entire $2 trillion market, according to the boss of blockchain firm Ripple. “Polarization isn’t healthy in my judgement,” Ripple CEO Brad Garlinghouse said in …
MicroStrategy CEO Michael Saylor speaks at the Bitcoin 2021 Convention, a crypto-currency conference held at the Mana Convention Center in Wynwood on June 04, 2021 in Miami, Florida. Joe Raedle | Getty Images Shares of MicroStrategy tumbled 17.8% Friday afternoon after the U.S. Securities and Exchange Commission reportedly rejected the company’s bitcoin accounting strategy. The business-intelligence software company’s stock had …
Inflationary pressures in the global economy are temporary and won’t be long-term problems, according to hedge fund investor Anthony Scaramucci. The founder and managing partner of SkyBridge Capital said he believes rising prices are related to supply chain constraints and will ease once the bottlenecks are resolved. “I don’t see the inflation being long term. I think this is a transitory …
Check out the companies making headlines before the bell: Boeing (BA) – Boeing added 1.2% in the premarket, following news that it planned to invest in a SPAC merger planned later this year by Richard Branson’s satellite launch company Virgin Orbit. Virgin Orbit plans to merge with blank-check company NextGen Acquisition (XOS), whose shares jumped 6% following the announcement. Coinbase …
The logo for Coinbase Global Inc, the biggest U.S. cryptocurrency exchange, is displayed on the Nasdaq MarketSite jumbotron and others at Times Square in New York, U.S., April 14, 2021. Shannon Stapleton | Reuters Coinbase will buy $500 million in crypto on its balance sheet and allocate 10% of its quarterly profits into a crypto assets portfolio, company executives announced …
Take a look at some of the biggest movers in the premarket: Boeing (BA) – Boeing is not likely to receive certification for its 777X long-range aircraft until mid-to-late 2023 at the earliest. That’s according to a letter from a Federal Aviation Administration official to Boeing that was obtained by CNBC, saying there were numerous technical issues that needed to …
The Ford company logo is displayed on a sign outside of the Chicago Assembly Plant on February 03, 2021 in Chicago, Illinois. Scott Olson | Getty Images Clover Health Investments — Shares of the health care company jumped about 8%, pushing its weekly gains over 13% as Reddit-fueled speculative trading in the name continued. Clover said in a filing with the …
A Peloton Interactive Inc. logo on a stationary bike at the company’s showroom in Dedham, Massachusetts, U.S., on Wednesday, Feb. 3, 2021. Adam Glanzman | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Peloton — Shares of the stationary bike company ticked about 7% higher in midday trading after announcing the launch of a corporate …
Rafael Henrique | LightRocket | Getty Photographs Try the businesses making headlines in noon buying and selling. DoorDash — Shares of DoorDash added about 5% after the meals supply firm introduced a partnership with Albertsons on same-day grocery supply from almost 2,000 shops. “Leveraging our intensive logistics community and Albertsons’ vast choice of recent groceries, we’re making a one-stop store …
