Bitcoin’s plunge accelerated on Thursday, as the world’s largest cryptocurrency fell more than 12% to below $64,000 in late afternoon trading, a level not seen since October 2024. The moves underscore how vulnerable cryptocurrencies can be when investors turn away from risk. The sharp drop was a reversal from late last year, when bitcoin surged…
As the geopolitical landscape continues to shift, recent U.S. sanctions against Iran highlight the complex interplay of diplomacy and economic pressure in international relations. With discussions underway in Oman aimed at reducing tensions between the U.S. and Iran, these measures have sparked significant debate about their implications for both regional stability and the Iranian populace,…
In the backdrop of intensifying diplomatic efforts between Iran and the United States, recent talks mediated in Oman have sparked cautious optimism amidst an atmosphere fraught with tension. As dialogue resumes, the complexities of regional politics and the historical challenges in US-Iran relations complicate the path forward. Both nations approach the negotiations with a mix…
Minute Maid helped make orange juice a year-round morning staple in 1946, when it started shipping cans of frozen juice around the U.S. But 80 years later, the brand’s parent company is halting sales of frozen juice concentrates in the U.S. and Canada,… Minute Maid helped make orange juice a year-round morning staple in 1946,…
S&P 500 futures were flat-to-up this morning before the markets opened in New York, a sign that traders may be temporarily sated after the carnage they wreaked in the stock markets over the past few days. The index fell 0.51% yesterday, closing at 6,882, after spending much of the previous month flirting with the 7,000…
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Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., Feb. 5, 2026. Brendan McDermid | Reuters U.S. equities fell for another session on Thursday as investors took a risk-off stance, leading popular trades in technology and bitcoin to unravel. The Dow Jones Industrial Average shed about 592.58…
As precious metals continue to seesaw after Friday’s historic sell-off, investment banks are doubling down on gold — but urging caution on going all-in on silver. At 2:11 a.m. ET on Thursday, spot gold shed 0.7% to settle at $4,926.9 an ounce, reversing the rebound from Tuesday and Wednesday’s session which saw the yellow metal’s price…
Bitcoin BTC$68,713.65 fell below $70,000 as the crypto selloff deepened before the start of equities trading in the U.S. The largest cryptocurrency dropped to as low as $69.917.20 according to CoinDesk data, with sentiment sliding further into “extreme fear.” The Fear and Greed Index sits at 11, a level reached only a handful of times…
A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. Blackstone billionaire David Blitzer, the first person to own team stakes in all five major U.S. professional sports leagues, has another…
The labor market is becoming increasingly inhospitable in the United States, as demand for workers continues to wane and job postings are at their lowest levels since the pandemic. New data from the Bureau of Labor Statistics released Thursday showed that the estimated number of job openings sank to 6.54 million at the end of…
A projection of a Euro currency sign is pictured on the facade of the European Central Bank (ECB) headquarters in Frankfurt am Main, western Germany, on Dec. 30, 2025. Kirill Kudryavtsev | Afp | Getty Images The European Central Bank on Thursday kept policy rates unchanged for the fifth consecutive meeting, with its key interest…
In a concerning development for human rights advocates, Umer Khalid, a British pro-Palestine activist, remains hospitalized following a critical condition arising from a lengthy hunger strike. This incident underscores the ongoing tensions surrounding the Palestinian cause and the treatment of activists within the UK legal system. As Khalid’s family awaits crucial updates on his health,…
In recent developments regarding diplomatic dialogues, indirect talks between Iranian and US delegations have shifted focus to Oman, heightening the anticipation of a potential breakthrough. As both sides navigate the complexities of their discussions, clarity surrounding the pivotal issues at stake remains crucial for any meaningful progress towards direct negotiations. This nuanced approach underscores the…
Kevin Dietsch/Getty Images AI chipmaker Nvidia has been at the center of the enormous AI hype wave that has gripped global markets, ascending to become the most valuable company in the world. Yet despite its dominating presence on Wall Street, OpenAI is getting cold feet about the company’s offerings. After announcing a blockbuster $100 billion…
In this article PTON Follow your favorite stocksCREATE FREE ACCOUNT A Peloton Bike inside a showroom in New York, US, on Wednesday, Nov. 1, 2023. Peloton Interactive Inc. is scheduled to release earnings figures on November 2. Michael Nagle | Bloomberg | Getty Images Peloton posted a worse-than-expected holiday quarter on Thursday after shoppers failed…
Ahead of expected negotiations to de-escalate tensions between the United States and Iran, citizens of Tehran have shared their perspectives on the prospects for peace and security. The ongoing dialogue, which is reportedly taking place in Oman, offers a glimmer of hope amid rising concerns about potential military action and its consequences. Understanding the sentiments…
NEW YORK (AP) — Elon Musk vowed this week to upend another industry just as he did with cars and rockets — and once again he’s taking on long odds. The world’s richest man said he wants to put as many as a million satellites into orbit to form vast, solar-powered data centers in space…
There is concern that subscribers might be negatively affected if Netflix acquires Warner Bros. Discovery’s streaming and movie studios businesses. One of the biggest fears is that the merger would lead to higher prices due to less competition for Netflix. During a US Senate hearing Tuesday, Netflix co-CEO Ted Sarandos suggested that the merger would…
Brad Karp attends the Paley Museum’s 50th anniversary celebration at the Paley Museum on Nov. 5, 2025 in New York City. John Lamparski | Getty Images Entertainment | Getty Images Brad Karp, chairman of the major corporate law firm Paul Weiss, resigned that post on Wednesday after fallout over emails between him and notorious sex…
NEW YORK (AP) — Sharp drops hit Wall Street on Thursday as technology stocks fell and bitcoin plunged again to roughly half its record price set last fall. Several discouraging reports on the U.S. job market also knocked down yields in the bond market. The S&P 500 fell 1.2% for its sixth loss in the…
Bitcoin’s price sell-off continued Thursday, with prices breaking below the widely-tracked $70,000 level on the OG crypto exchange Bitstamp. BTC’s dollar-denominated price slipped to $69,101 during the Asian trading hours, trading a discount to prices on other exchanges, including Coinbase, where BTC hit a low of $70,002. STORY CONTINUES BELOW The discount on Bitstamp likely…
In a demonstration highlighting the ongoing tension surrounding immigration policies in the United States, twelve protesters were arrested on Columbia University’s campus. The activists claim that the university’s collaboration with immigration enforcement undermines its commitment to inclusivity and are advocating for the institution to be designated as a sanctuary campus. This incident underscores the broader…
Earlier today, the Federal Trade Commission (FTC) announced an extraordinary settlement with Express Scripts that fundamentally reshapes its pharmacy benefit management (PBM) business—and by extension, the entire drug channel. The settlement addresses virtually every warped incentive that we have been covering on Drug Channels for the past 20 years. I summarize them below, but it’s…
Lisa Su, chair and chief executive officer of Advanced Micro Devices Inc., displays an AMD Instinct MI455X GPU during the 2026 CES event in Las Vegas, Jan. 5, 2026. Bloomberg | Bloomberg | Getty Images South Korea markets led declines in Asia-Pacific Thursday, tracking Wall Street losses as the tech sell-off gained momentum. Seoul’s Kospi…
In the heart of East London, Casablanca Cafe serves as a microcosm of the Bangladeshi diaspora’s experience, especially as the country prepares for its pivotal elections on February 12. With renewed hope for genuine competition after years of disillusionment, the upcoming vote ignites passionate discussions among expatriates who are eager to participate in shaping Bangladesh’s…
Amid rising tensions between the United States and Iran, the complexities of their diplomatic interactions have taken center stage once again. As the Trump administration embarks on a new round of negotiations, the approach appears heavy-handed, posing a challenge to the already fragile landscape of US-Iran relations. With regional security implications at stake, how these…
Rendering reliance on it for indications of employment trends useless. By Wolf Richter for WOLF STREET. The ADP National Employment Report data, released today by payroll processor ADP, was massively revised going back to 2010, now showing erratic and massive month-to-month job gains and losses going back to 2010 that are completely different than the data for the…
Bitcoin slid below the $71,000 mark in Asian hours Thursday as a renewed selloff in global technology stocks spilled into crypto markets, undercutting hopes of a sustained rebound after last week’s volatility. The world’s largest cryptocurrency fell as much as 7.5% over the past 24 hours, touching lows near $70,700 before paring some losses, according…
As the conflict between Russia and Ukraine continues to unfold on the geopolitical landscape, day 1,443 of the war reveals a mixture of military aggression and diplomatic negotiations. Amid the chaos, international cooperation emerges, particularly through the efforts of countries like the United Arab Emirates, showcasing the importance of dialogue in seeking resolution. The situation…
In a move aimed at reshaping the landscape of pharmaceutical pricing in the United States, President Donald Trump introduced TrumpRx, a new platform intended to provide consumers with greater access to affordable medications. As calls for healthcare reform grow louder amid economic challenges, this initiative seeks to empower Americans by circumventing traditional price structures established…
EXCLUSIVE: Disney’s incoming CEO Josh D’Amaro joked about Succession – the show – and bonded with his new no. 2 Dana Walden and outgoing chief executive Bob Iger at a company town hall Wednesday. Executives gathered at the main theater on the Disney lot in Burbank for the event, which was beamed via Zoom to…
LOADINGERROR LOADING Senate Republicans grilled Netflix co-CEO Ted Sarandos during a Tuesday hearing about the streamer’s bid to acquire Warner Bros. film and streaming divisions, calling the platform a “left-wing company” that has a history of pushing “wokeness” and “propaganda.” The typically poised entertainment exec was visibly flustered as he faced a barrage of pointed…