Hunter Horsley, CEO of Bitwise Asset Management and executives celebrate the launch of an ETF at the New York Stock Exchange, June 1, 2021. Source: NYSE Henry Kravis, Stanley Druckenmiller and Bridgewater CEO David McCormick have invested in Bitwise Asset Management’s Series B funding. The cryptocurrency index fund manager raised $70 million from a handful
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A 2021 Jeep Grand Cherokee L scales a rocky hill at Stellantis’ Chelsea Proving Grounds in Michigan. Michael Wayland / CNBC CHELSEA, Mich. – Jim Morrison smiles as he hears the piercing noise of rocks scraping the undercarriage of the Jeep he’s driving. “The most important thing for us at Jeep is to prove our
Damien Vanderwilt, co-president of Galaxy Digital, Mike Novogratz founder of Galaxy, and Chris Ferraro, co-president of Galaxy Source: Galaxy Digital Goldman Sachs‘s efforts to help hedge funds and other big institutional clients wager on bitcoin have taken a step forward. The bank has begun trading bitcoin futures with Galaxy Digital, the crypto investment firm founded
Shares of the Peter Thiel-backed psychedelic start-up Atai Life Sciences jumped Friday on its first day of trading on Wall Street. The newly listed Nasdaq stock opened up 40% before pulling back some. The German biotech’s initial public offering was priced Thursday night at $15 per share, the high end of the expected range. The
Westend61 The market, as we know, is seductive, luring its participants skillfully until they are as hooked as the sea bass that can’t resist the shimmering flies we cast at them on Buzzards Bay. Poor fish. Poor buyers of bitcoin at $61,000, Snowflake at $380, and Teladoc at $290. But just because we fall for
Starship prototype SN8 flies above Boca Chica, Texas. SpaceX The leader of the Federal Aviation Administration’s space office defended Elon Musk’s SpaceX in front of Congress, despite the company launching a Starship prototype in December without authorization. The House Transportation and Infrastructure Committee held a hearing Wednesday on the FAA’s role in spaceflight, with the
A child passes by the Marriner S. Eccles Federal Reserve Board Building on Constitution Avenue, NW, on Monday, April 26, 2021. Tom Williams | CQ-Roll Call, Inc. | Getty Images Members of the Federal Reserve now see two interest rate hikes in 2023, according to the central bank’s so-called dot-plot projections. Wednesday’s forecast showed 13
In this article MCD Chris Kempczinski, president of McDonald’s USA, speaks at the unveiling of McDonald’s new corporate headquarters during a grand opening ceremony on June 4, 2018 in Chicago, Illinois. The company headquarters is returning to the city, which it left in 1971, from suburban Oak Brook. Scott Olson | Getty Images McDonald’s CEO
CNBC’s Jim Cramer on Tuesday warned about the stock market implications of Federal Reserve Chairman Jerome Powell‘s upcoming post-meeting news conference. The Fed is set to release its policy statement at 2 p.m. ET on Wednesday, at the conclusion of its two-day June gathering. Powell’s Q&A session with reporters is scheduled to follow. Powell’s comments
Shopping from the comfort of your home is already simple enough—and now it’s even one step easier by removing the headache of ‘what to buy.’ Explore these unique gift ideas for Father’s Day, complete with pricing and direct links to shop. Rondeno Spice Collection, Original 3 Flavors You KNOW Food. You’ll recognize the sophistication of
The Lordstown Motors Corp. Endurance electric pickup truck sits on stage during an unveiling event in Lordstown, Ohio, U.S., on Thursday, June 25, 2020. Matthew Hatcher | Bloomberg | Getty Images Embattled electric truck company Lordstown Motors has enough funding to operate through May 2022 and remains on track to begin limited production of its
Festival to Feature Online Screenings on July 12 and 13 on It’s A Short, Fourth Annual Global Entertainment Showcase and Special Awards Reception at the Legendary Beverly Hills Hotel Los Angeles, June 15, 2021 – Scheduled from July 10-14, 2021, the third annual French Riviera Film Festival (FRFF) is pleased to announce the finalist shorts of the 2021 competition, the announcement was made
As you spend the Summer poolside, feasting with family or testing out new recipes, Chef to the Stars Ryan Rondeno shares some of his culinary Summer sensations in this recipe sampler. Simple, delicious and a repeat must-have for any occasion, check out these mouth-watering menu items straight from Chef Rondeno’s “FoodCulture” App! Mango Blanc Spritzer
A composite image showing a Falcon 9 rocket booster lifting off and a few minutes later landing back near the launchpad. SpaceX The next SpaceX launch will feature a milestone, as the Pentagon is allowing Elon Musk’s company to send a national security satellite to orbit with a reused rocket for the first time. SpaceX
In this article TSCO Getty Images Amidst all the noise and debate over whether Apple wields too much power as a platform is this undeniable fact: for brick-and-mortar retailers, mobile apps and the App Store have been a game-changer. The earliest days of the pandemic brought retailers to a standstill. Customers, afraid to shop in-person
In this article NCNO AVGO JNJ ADSK STX Johnson & Johnson products on a shelf in a store in New York. Lucas Jackson | Reuters The S&P 500 notched new records this past week, but future gains are anything but a guarantee. Investors are still weighing the implications of a potential change in monetary policy
Miami Beach, Florida Artur Debat | Moment | Getty Images Interest in travel is picking up as the pandemic winds down, and cooped-up Americans are itching to hit the road again, two recent surveys have found. Travelers are thinking about booking trips to warm and sunny domestic climes — be they Sun Belt cities or
In this article PSTH Bill Ackman, founder and CEO of Pershing Square Capital Management. Adam Jeffery | CNBC Company: Pershing Square Tontine Holdings, Ltd. (PSTH) Business: Pershing Square Tontine Holdings is a special purpose acquisition company (“SPAC”). The firm does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition,
A New Shepard rocket launches on a test flight. Blue Origin Jeff Bezos‘ space venture Blue Origin auctioned off a seat on its upcoming first crewed spaceflight on Saturday for $28 million. The winning bidder, whose name wasn’t released, will fly to the edge of space with the Amazon founder and his brother Mark on
In this article TSLA AMZN CNBC’s Jim Cramer on Friday suggested the U.S. impose a surtax on billionaires following this week’s ProPublica report on how some of the richest people on the planet are avoiding taxes. In recent years, billionaires including Amazon CEO Jeff Bezos, Tesla CEO Elon Musk, and businessman Michael Bloomberg, investors Carl
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