Author: Daniel snow
A representation of cryptocurrency Ethereum is placed on a PC motherboard in this illustration taken on June 16, 2023.Dado Ruvic | ReutersStocks tied to the price of ether, better known as ETH, were higher on Wednesday, reflecting renewed enthusiasm for the crypto asset amid a surge of interest in stablecoins and tokenization.BitMine Immersion Technologies, a bitcoin miner that announced plans this week to make ETH its primary treasury reserve asset, jumped about 20%. It’s gained more than 1,000% since the announcement. Betting platform SharpLink Gaming, which has also initiated an ETH treasury strategy, added more than 11%. Bit Digital, which last week…
The monthly drop was the first in two years, as economic uncertainty slowed hiring to a trickle. Source link
Business-to-business accounts payable spending in midsized cities has significantly outpaced larger cities. Here’s why. Source link
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Wednesday’s key moments. 1. The S & P 500 was fighting into positive territory Wednesday despite an unexpected decline in payroll processing firm ADP’s monthly look at hiring at U.S. companies. The ADP number “makes a great case” for the Federal Reserve to cut interest rates at its meeting in late July,” Jim Cramer said. However, both Jim and Jeff Marks, the Club’s director of portfolio analysis, cautioned that investors shouldn’t read too much into the ADP print…
The staggering costs of its AI investments threaten the tech giant’s margins, prompting cost-cutting measures. Source link
Did the U.S. economy really lose jobs in June for the first time since the pandemic? Payroll king ADP says yes, but investors ought to take its report with a very large grain of salt. Source link
Figma’s IPO is poised to be one of the most high-profile listings this year. Source link
CANNES — Robinhood stock hit the $100 mark for the first time, capping off a week of fresh all-time highs and renewed investor confidence. Shares are now tracking their best performance since April, up more than 30% since the trading app was snubbed from the S&P 500.The milestone follows a major strategic swing in Europe, where Robinhood unveiled its most ambitious crypto expansion to date — one aimed at re-engineering the financial infrastructure itself. At an event held in a Belle Époque mansion along the French Riviera, Robinhood executives laid out a vision to bring thousands of tokenized stocks, ETFs,…
The number for deliveries in the second quarter actually were pretty close to expectations. Source link
A customer shops for a purse in a Macy’s store on March 25, 2025 in Austin, Texas. Brandon Bell | Getty Images News | Getty ImagesThe impact of President Trump’s tariffs on prices throughout the economy is expected to increase over the summer. At U.S. department store chains including Macy’s, Nordstrom, and Dillard’s, the evidence of more sticker price inflation is starting to show up across more items.Recent price increases in apparel, footwear, and bags across major U.S. department-store websites tracked by DataWeave indicate a turning point in May, when prices started their ascent.DataWeave analyzes nearly 15,000 SKUs (stock keeping…