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☆ CNBC Daily Open: Investors are filled with the holiday spirit
▼ + stars: | 2024-12-03 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. $56 billion package for Musk deniedTesla CEO Elon Musk failed to get his $56 billion 2018 pay package reinstated. Crypto laws to pass 'quickly' in U.S. "We have the most pro-crypto Congress ever [in] history, we have an extraordinarily pro-crypto president coming into office," Shirzad told CNBC last week.

Persons: Carlos Tavares, Pat Gelsinger, David Zinsner, MJ Holthaus, Gelsinger, Elon Musk, Donald Trump, Faryar Shirzad, Shirzad Organizations: NYSE, The New York Stock Exchange, CNBC, Nasdaq, Dow Jones, Intel, The, U.S . Federal, Traders Locations: New York City, Delaware, The U.S

☆ MicroStrategy's Michael Saylor: We want to bridge traditional capital markets with crypto economy
▼ + stars: | 2024-12-03 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMicroStrategy's Michael Saylor: We want to bridge traditional capital markets with crypto economyMichael Saylor, MicroStrategy executive chairman, joins 'Squawk Box' to discuss the company's decision to purchase 15,400 bitcoin for about $96,000 per coin, state of the crypto industry, the appeal of bitcoin, and more.

Persons: Michael Saylor, bitcoin

☆ Looking to invest in crypto? Avoid these 4 common pitfalls.
▼ + stars: | 2024-12-03 | by ( Christine Ji | ) www.businessinsider.com time to read: +5 min

Cannon shares 4 common pitfalls for beginner crypto investors to avoid. Here are a few of the most common pitfalls for beginner crypto investors and how to avoid them, according to Cannon. Not thinking about cryptocurrency tax implicationsSimilar to stocks, you'll need to pay capital gains taxes on crypto transactions. If you purchase crypto on a crypto exchange, you'll typically be issued a cryptocurrency Form 1099 to fill out. However, President-elect Trump also suggested eliminating capital gains taxes on crypto.

Persons: Robert Cannon, Cannon, El, Donald Trump Bitcoin, —, cryptocurrency, Charles Schwab, Trump Organizations: Fidelity, Bitcoin, Franklin Bitcoin Locations: El Salvador, bitcoin

☆ What the biggest investors are buying entering 2025 — with Trump and Fed in mind
▼ + stars: | 2024-12-02 | by ( Yun Li | ) www.cnbc.com time to read: +4 min

The investment bank released its findings after analyzing the holdings of 697 hedge funds with $3 trillion in gross equity positions. Specifically, professional traders raised their exposure to financial stocks to the largest overweight in at least 15 years, according to Goldman's data. VerityData looked at the top 10 holdings of "fundamental" hedge funds, or managers that disclosed 10 to 300 holdings worth $100 million or more. CEG YTD mountain Constellation Energy Energy names Vistra and Talen Energy also gained newfound love among these professional traders. Now, a quarter of hedge funds own at least one China ADR, the most since 2021, according to Goldman.

Persons: Donald Trump, Goldman Sachs, Stocks, Raymond James Financial, Goldman, Daniel Sundheim's, Ole Andreas Halvorsen's, Stanley Druckenmiller, elect's, VerityData, Hedge, David Tepper, Michael Burry, Warren Buffett, Berkshire Hathaway, Baupost's Seth Klarman, David Einhorn Organizations: Wall, Everest Group, Berkley Corp, Intercontinental Exchange, Rithm, Bank of America, Ole Andreas Halvorsen's Viking Global, US Bancorp, Visa, Progressive, Billionaire, Power, Constellation Energy, Coatue Management, Lone Pine Capital, Constellation Energy Energy, Talen Energy, China Big, Goldman, Appaloosa Management, CNBC, PDD Holdings, China ADR, Baidu, Berkshire, CNH Locations: Bank, Ole Andreas Halvorsen's Viking, Lone, Bet, China, JD.com, Omaha , Nebraska

☆ Trump said he'll put a 100% tariff on countries that give up the dollar. That could backfire.
▼ + stars: | 2024-12-02 | by ( Huileng Tan | ) www.businessinsider.com time to read: +7 min

AdvertisementUS President-elect Trump has threatened 100% tariffs on BRICS nations to protect the US dollar's dominance. BRICS nations are exploring alternatives to the US dollar amid de-dollarization talks. The US dollar gained on the political uncertainty, with the Dollar Index up 0.6% at 3:10 a.m. AdvertisementIn October, Russian President Vladimir Putin opened a summit of BRICS nations by calling for an alternative payment system. AdvertisementLast week, Trump threatened 25% tariffs on imports from top trading partners Canada and Mexico, and an additional 10% tariff on China.

Persons: Trump, dollarization, Donald Trump, Brad Setser, Setser, —, Michael Pettis, Pettis, There's, isn't, Vladimir Putin, Putin, Justin Trudeau, Claudia Sheinbaum Organizations: United, US, Council, Foreign Relations, Treasury, Deutsche Bank, Trump, Deutsche, Carnegie Endowment, International, Russia, ING, greenback, . Canadian, Reuters, Canadian Locations: Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran, United Arab Emirates, Ukraine, Russian, Canada, Mexico, Florida

☆ The Grinch loves knee surgery. That's it. That's the meme.
▼ + stars: | 2024-12-02 | by ( Katie Notopoulos | ) www.businessinsider.com time to read: +4 min

AdvertisementThe Grinch talking about knee surgery is a popular meme among brainrotted teens. “Knee surgery” is the hottest meme right now. There are dozens of blinch (blue grinch) knee surgery meme accounts on Instagram. She explains:What Lorenz also found that was startling to me is that there is now a crypto coin about the meme: knee coin. The knee meme coin has no official relationship with Dr. Seuss or his lovably grouchy creation.

Persons: There's, Katie Notopoulos, Taylor Lorenz, Lorenz, I'd, Elon Musk, Dr, Seuss, Wan Shanchao, there's, Kamala Organizations: Elon, Getty Images, Telegram, Liberal Party of Australia Locations: cryptocurrency

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRipple's XRP surges towards $3 as investors anticipate crypto-friendly Congress: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Vance Spencer of Framework Ventures discusses his expectations for the crypto startup scene under a second Trump presidency.

Persons: explainers, Vance Spencer Organizations: CNBC Crypto, CNBC, Ventures, Trump

☆ Coinbase policy chief expects speedy approval of crypto laws following Trump's victory
▼ + stars: | 2024-12-02 | by ( Ryan Browne | ) www.cnbc.com time to read: +4 min

Faryar Shirzad, chief policy officer at Coinbase, told CNBC he sees crypto legislation making its way through Congress "fairly quickly" after the Republican president-elect — who ran on a notoriously pro-crypto policy platform — enters the White House. "I think the combination should finally allow the 50 million Americans who own crypto to have their interests and voice heard in policy." Shirzad told CNBC he's "optimistic" the legislation will get passed, but noted there's only a "small" chance the crypto legislation is considered in the so-called "lame duck" post-election period. Crypto's lobbying powerTrump's election win marked a major victory for the crypto industry — but it also highlighted the power of the crypto lobbying machine. Meanwhile, the Coinbase-backed Stand With Crypto Alliance developed a grading system to determine how for or against crypto House and Senate candidates were.

Persons: Shirzad, John Lamparski, Donald Trump, Faryar Shirzad, —, doesn't, Gary Gensler, Trump, Gensler Organizations: Sheraton New York Times, Getty, Concordia Summit, CNBC, Republican, Republican Party, U.K, Innovation, Technology, Century, Crypto Alliance, U.S . Securities, Exchange, SEC Locations: New York City, United States, U.S

☆ Fundstrat's Tom Lee says bitcoin can hit 'well above' $100,000 before year-end
▼ + stars: | 2024-12-02 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

Fundstrat's Tom Lee sees more upside in store for one of the leading trades on the heels of President-elect Donald Trump's victory. "I'm still confident bitcoin is going to close much higher before your end — well above $100,000 before your end," he told CNBC " Squawk Box " on Monday. BTC.CM= YTD mountain Bitcoin, YTD Bitcoin gained nearly 40% in November, closing in on the $100,000 level. "A lot of folks who don't want Bitcoin over $100,000," Lee said. If bitcoin makes a move above $100,000, I think that'd be a big chase."

Persons: Fundstrat's Tom Lee, Donald Trump's, I'm, Kamala Harris, YTD Bitcoin, Lee Organizations: CNBC, Trump's Locations: cryptocurrencies

☆ Enron has been resurrected in what appears to be an elaborate joke
▼ + stars: | 2024-12-02 | by ( Allison Morrow | ) edition.cnn.com time to read: +4 min

As a modern energy company, it would be dedicated to “solving the global energy crisis,” its press statement reads. Unlike the Enron scandal, however, this one appears to be little more than performance art designed to sell branded hoodies. Publicly available documents show that an Akansas-based LLC called The College Company bought the Enron trademark for $275 in 2020. The strategist said “we’ll have more to share soon,” but declined to comment beyond the statement posted on the Enron site. In its statement, oddly posted as an image file on the Enron site, the company lays out its “bold new vision” to solving the world’s energy problems.

Persons: CNN Business ’, New York CNN —, ”, twirling, Connor Gaydos, Peter McIndoe, Stu Loeser, “, …, Gaydos, McIndoe couldn’t, you’ve Organizations: CNN Business, New York CNN, Enron, The College Company, New Locations: New York, Aren’t, Texas

☆ In the new space race, hackers are hitching a ride into orbit
▼ + stars: | 2024-11-30 | by ( Vikram Barhat | ) www.cnbc.com time to read: +11 min

If compromised, AI systems could be used to interfere with or take control of strategically important national space missions. Critical space infrastructure is susceptible to threats across three key segments: in space, on the ground segment and within the communication links between the two. "In many ways, the threats to critical infrastructure on Earth can cause vulnerabilities in space," Lonstein said. "The consequences of malicious cyber activities include loss of mission data, decreased lifespan or capability of space systems or constellations, or the control of space vehicles." Use of strict access controls, authentication, and error correction mechanisms can further ensure that AI systems operate with accurate information.

Persons: Lonstein, Kaczmarek, Sylvester Kaczmarek, Wayne Lonstein, William Russell, JEM, Elon Musk, Jack Teixeira, GAO's Russell Organizations: SpaceX, NASA, OrbiSky Systems, VFT Solutions, Systems, Space Technologies, U.S, Government, Office, Spacecraft, Space, JAXA, Origin, U.S . National Oceanic, Administration, U.S . Air National, Viasat, Ukraine, Infrastructure Security Agency, Companies, Microsoft, Google, Nvidia, U.S . Space Force, Department of Defense, Space Force Guardians, Space Force, Web Services, Dynamics Locations: U.S, China, Russia, India, Ukraine, Nations, Silicon Valley

☆ Bitcoin heads for nearly 40% November gain as it edges closer to $100,000
▼ + stars: | 2024-11-29 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

In this article BTC.CM= Follow your favorite stocks CREATE FREE ACCOUNT"Make Bitcoin Great Again" hats displayed for sale at the Bitcoin 2024 conference in Nashville, Tennessee, July 27, 2024. Bitcoin is on pace to post a 38% gain for November, according to Coin Metrics, which would make the month its best since February, when it gained 45% following the launch of spot bitcoin ETFs. Trump's victory sent bitcoin rallying to as high as just a couple hundred dollars shy of the highly anticipated $100,000 milestone. In the same period, options on bitcoin ETFs began trading, ushering in a new way to trade and speculate on the price of bitcoin. Bulls expect bitcoin's price to reach $100,000 by the end of 2024 and potentially double by the end of 2025.

Persons: Donald Trump's, bitcoin, Gary Gensler Organizations: Bloomberg, Getty, Metrics, Mara Holdings, Investors, Securities and Exchange Commission, Bulls Locations: Nashville , Tennessee, bitcoin

☆ Stocks making the biggest moves premarket: MicroStrategy, Applied Materials, Robinhood and more
▼ + stars: | 2024-11-29 | by ( Sean Conlon | ) www.cnbc.com time to read: +2 min

The stock has seen massive gains this year, surging more than 515%. Chip equipment stocks — Shares of chip equipment stocks moved higher on a report that the Biden administration is considering more restrictions on sales of semiconductor equipment and artificial intelligence memory chips to China that may be less strict than expected. Walmart , the country's largest retailer, rose more than 0.2%, while shares of Target and Costco , advanced 0.6% and 0.3%, respectively. Robinhood — The brokerage firm climbed 3% premarket, continuing a postelection rally, after the U.S. Securities and Exchange Commission approved the creation of a 24-hour stock exchange by startup 24 Exchange, paving the way for round-the-clock trading. Zeta Global Holdings — The marketing software company rose 5% after its CEO said Wednesday on CNBC's "Closing Bell" that a recent short seller's report was "erroneous."

Persons: Biden, Robinhood, —, Jesse Pound, Yun Li Organizations: Lam Research, KLA Corporation, ASML, Bloomberg, Walmart, Target, Costco, U.S . Securities, Exchange Commission, Trump, Zeta Global Holdings Locations: China

☆ In new bitcoin bull market, it's time to beware of the same old crypto scams
▼ + stars: | 2024-11-29 | by ( Cheryl Winokur Munk | ) www.cnbc.com time to read: +8 min

The issue is compounded by the fact that legitimate strategies to make money with bitcoin are being discussed publicly by reputable sources. That, coupled with the technological advances of AI, makes scams seem more real, even for more sophisticated investors, industry professionals said. Coinbase is seeing several scams in which cyber thieves send a text claiming a crypto owner's account has been compromised. How families get defraudedThere's the adage, "If it sounds too good to be true, it probably is," but when it comes to crypto scams, people still take the bait. Another red flag is if an organization asking for money claims crypto is the only payment option, Velasquez said.

Persons: Eva Velasquez, Elon Musk, Merrick Theobald, Trump, Coinbase, scammers, Jeff Lunglhofer, Theobald, Howard Greenberg, Greenberg, you've, Yaya Fanusie, Fanusie, Velasquez Organizations: Theft Resource, Federal Bureau of, Investors, Engadget, Government, Cryptocurrency Association, Crypto, Innovation, LinkedIn, SEC Locations: Liechtenstein, cryptocurrency

☆ Timeline of Hawaiian woman Hannah Kobayashi’s disappearance
▼ + stars: | 2024-11-29 | by ( Artemis Moshtaghian | ) edition.cnn.com time to read: +3 min

CNN —Hannah Kobayashi’s disappearance remains a mystery as her family and friends desperately search for answers piecing together what happened to her and what may have led to her radio silence. Described as an artistic and creative soul, Hannah Kobayashi was headed to New York where she planned to take pictures at a DJ’s mid-November show in Brooklyn. Below is a timeline of the series of events after Kobayashi’s disappearance:November 8: Hannah Kobayashi flies from Maui to Los Angeles International Airport with plans to fly to New York City. The Los Angeles County medical examiner’s office rules his death a suicide. “After tirelessly searching Los Angeles for 13 days for Hannah, Ryan Kobayashi tragically took his own life,” the Kobayashi family said in a statement.

Persons: Hannah Kobayashi’s, piecing, Sydni Kobayashi, Hannah Kobayashi, Kobayashi, John F, LeBron, hasn’t, “, Ryan Kobayashi, Hannah, Larie Pidgeon, Jim McDonnell, Kobayashi “ Organizations: CNN, Los Angeles International Airport, Kennedy International Airport, Taschen, Nike, Los Angeles Metro, Los Angeles Police Department, Police Locations: Hawaii, Maui, Los Angeles, New York City, New York, Brooklyn, Los, Grove, The Grove, Crypto.com, freckles, Los Angeles County, Angeles, L.A

☆ Stocks making the biggest moves midday: Advance Auto Parts, Robinhood, chip equipment makers and more
▼ + stars: | 2024-11-29 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Check out the companies making headlines in midday trading: Chip equipment stocks — Global chip equipment stocks rose on news that the Biden administration is considering further sanctions on sales of semiconductor equipment and artificial intelligence memory chips to China that could be less strict than earlier proposals. Advance Auto Parts — Shares dropped 7% after credit rating agency Moody's Ratings downgraded the auto parts company's senior unsecured debt to Ba1, below investment grade, according to FactSet. Hasbro — Shares jumped 2% after Elon Musk floated the prospect of acquiring the toymaker to secure the rights to Dungeons & Dragons. Zeta Global Holdings — The marketing software stock climbed 5.5% after the company's CEO called a recent short seller report "erroneous" on CNBC's "Closing Bell" on Wednesday. Crypto stocks — Stocks tied to the price of bitcoin rose as the cryptocurrency climbed closer to the $100,000 milestone.

Persons: Biden, ASML, Robinhood, Moody's, Elon Musk, Stocks, Yun Li, Jesse Pound, Hakyung Kim, Sarah Min, Sean Conlon, Pia Singh, Tanaya Macheel Organizations: Materials, KLA Corporation, Lam Research, Bloomberg, U.S . Securities, Exchange Commission, Trump, Advance, Hasbro —, Elon, U.S . Target, Costco, Walmart, Zeta Global Holdings, Holdings Locations: China, Dutch, Ba1

☆ Ether could be crypto’s biggest Trump 2.0 beneficiary, after investors nearly abandoned it this year. Here's why
▼ + stars: | 2024-11-29 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +5 min

Ether , the digital silver to bitcoin's gold, has outperformed the rest of crypto since the U.S. election and brought ether ETFs to life at last. Plus, the absence of regulatory clarity has meant an inability for investors to " stake " their ether for yield. It's still up 59% for 2024, but it's trailing bitcoin at 126% and the rest of the crypto market, as measured by the CoinDesk 20 index, at 94%. "[The] Trump impact on bitcoin and crypto including ETH is not priced in yet," he said. To be sure, there's an awareness gap among average investors of bitcoin versus ether.

Persons: Solana, It's, Zach Pandl, Mark Connors, Donald Trump, Trump, Joe Biden, Pandl, Ethereum, Matt Hougan, —, JPMorgan's, Hougan, I'm, Harris, — it's Organizations: Investors, Solana, ETH, Bitwise, DeFi Locations: United States, U.S, tokenization, bitcoin, ETH —, ETH

☆ Crypto investor eats banana art after buying it for $6.2 million
▼ + stars: | 2024-11-29 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +2 min

AdvertisementCrypto investor Justin Sun bought a duct-taped banana for $6.2 million in a Sotheby's auction. Sun ate the banana at a news conference where he compared the conceptual artwork to NFTs. One week after paying $6.2 million for a duct-taped banana, crypto investor Justin Sun ate the pricey snack at a news conference in Hong Kong. The banana displayed at Sotheby's was purchased for 35 cents from a New York City fruit vendor. Advertisement"This conceptual artwork can be assembled and disassembled anywhere and at any time conveniently and in any place in the world," he said.

Persons: Justin Sun, Sam Bankman, Maurizio Cattelan, Sun, David Datuna, Donald Trump's Organizations: Sun, Art Basel Fair Miami, Sotheby's, Gros Michel, South, Liberty Financial Locations: Hong Kong, New York, Italian, New York City, Gros, South Korean

☆ Sriram Krishnan is leaving Andreessen Horowitz and is reportedly in talks to join Elon Musk at DOGE
▼ + stars: | 2024-11-28 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +3 min

AdvertisementSriram Krishnan, a general partner at Andreessen Horowitz, is leaving the firm at the end of the year. Krishnan has discussed joining Elon Musk at the Department of Government Efficiency, reports say. Krishnan has supported Musk in the past and worked at various Big Tech companies. Sriram Krishnan, a general partner at Andreessen Horowitz, is leaving the firm and has had discussions with Elon Musk about joining the Department of Government Efficiency, reports say. Krishnan joined Andreessen Horowitz, also known as A16z, in 2021 and has worked as a crypto investor at the firm.

Persons: Sriram Krishnan, Andreessen Horowitz, Krishnan, Elon Musk, He's, What's, I've, he'd, Donald Trump's, Andreessen Horowitz didn't, Trump, Musk, Vivek Ramaswamy, Joe Lonsdale, Marc Andreessen, Bill Ackman, Travis Kalanick —, Steve Davis, Antonio Gracias, Shiba Organizations: Elon, Department of Government, Big Tech, Twitter, Meta, DOGE, Business, The Washington Post, The Boring Company

☆ Trump’s wealthy Cabinet picks will have to divest. But the rules make that a potentially lucrative prospect
▼ + stars: | 2024-11-28 | by ( Allison Morrow | ) edition.cnn.com time to read: +8 min

Federal ethics laws require those senior government jobs in the Cabinet and beyond to divest their individual stock holdings, lest anyone be tempted to abuse their position of power to juice their personal investments. “The rule of thumb is, recuse or divest,” said Jordan Libowitz, vice president for communications at Citizens for Responsibility and Ethics in Washington, or CREW. “The more complex your assets are, the harder it can be to divest from them. Although the president isn’t subject to conflict of interest laws, most presidents have adhered to them anyway to avoid any appearance of impropriety. Given Trump’s own disregard for ethics rules, it’s not clear how, or even whether, his Justice Department would enforce the criminal conflict of interest laws that his Cabinet picks are subject to.

Persons: who’s, Nixon, Donald Trump, Howard Lutnick, Linda McMahon, —, ”, Jordan Libowitz, Scott Bessent, haven’t, Bloomberg —, Lutnick, Cantor Fitzgerald, Newmark, it’s, ” Robert Rizzi, isn’t, Trump, disentangle, Rizzi, ” Rizzi, John Paulson, you’re, ” Libowitz, George W, Hank Paulson, Goldman Sachs, he’d, JD Vance, he’s, Libowitz, “, ’ ”, didn’t Organizations: New, New York CNN, Treasury Department, titans, Citizens, Forbes, Bloomberg, Government, Key Square Capital Management, Holland, Knight, Treasury, Bush’s, Wall, Trump Media, Technology, Department, FBI, Trump Locations: New York, Washington, Cantor’s, Washington ,

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailU.S. Treasury overstepped authority in Tornado Cash sanctions, court rules: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Securitize co-founder and CEO Carlos Domingo discusses the upcoming regulatory shift in Washington and the latest in its tokenization partnership with BlackRock.

Persons: explainers, Securitize, Carlos Domingo Organizations: U.S, Treasury, Tornado, CNBC Crypto, CNBC, BlackRock Locations: Washington

☆ Stocks making the biggest moves midday: Nordstrom, Dell, SolarEdge Technologies and more
▼ + stars: | 2024-11-27 | by ( Hakyung Kim | In Hakyungkim | ) www.cnbc.com time to read: +4 min

Nordstrom's third-quarter revenue of $3.46 billion did come in above the $3.35 billion LSEG consensus. HP said it expects earnings, excluding items, to range between 70 cents per share and 76 cents per share, versus a FactSet estimate of 85 cents per share. Dell Technologies — The PC maker saw shares plunge 13% after the firm reported a revenue miss and forecast fourth-quarter revenue and earnings below Wall Street expectations. Autodesk expects earnings per share to be between $2.10 and $2.16, excluding items, and revenue of $1.623 billion to $1.638 billion. Analysts surveyed by LSEG were looking for earnings of $2.12 per share on $1.62 billion in revenue.

Persons: Nordstrom, Erik Nordstrom, Nordstrom's, Stocks, Robinhood, George Kurtz, Ambarella, LSEG, StreetAccount, Janesh Moorjani, SolarEdge, Symbotic, Yun Li, Tanaya Macheel, Michelle Fox, Jesse Pound, Samantha Subin, Sean Conlon Organizations: HP —, HP, Outfitters, LSEG, Revenue, Dell Technologies, Dell, Autodesk, SolarEdge Technologies

☆ Bitcoin bounces back above $95,000 as investors eye $100,000 milestone heading into Thanksgiving holiday
▼ + stars: | 2024-11-27 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

Bitcoin on Wednesday climbed back above $95,000, recovering slightly from a pullback this week that knocked it from record levels. The broader crypto market, as measured by the CoinDesk 20 index, gained 5%. Although bitcoin is widely viewed as a store of value and a digital alternative to gold, the cryptocurrency often trades in tandem with the stock market. "The bitcoin bull market has legs," Alex Thorn, head of firmwide research at Galaxy Digital, said in a report Wednesday. Bitcoin is up 124% for the year and is still widely expected to reach the $100,000 milestone before the year is over.

Persons: Bitcoin, cryptocurrency, bitcoin, Coinbase, Trump, Alex Thorn, Biden, Katie Stockton, CNBC's, … Organizations: Wednesday, Metrics, Nasdaq, Dow Jones Industrial, Galaxy Digital Locations: U.S

☆ Marc Andreessen talks DOGE and Elon Musk: 'It's time to carve this government back in size and scope'
▼ + stars: | 2024-11-27 | by ( Ana Altchek | ) www.businessinsider.com time to read: +4 min

AdvertisementMarc Andreessen discussed Elon Musk and the Department of Government Efficiency on Joe Rogan's podcast. Cut, baby, cut, Marc Andreessen says of Elon Musk's DOGE cost-reduction effort. "It is time to carve this government back in size and scope," the Silicon Valley investor said during a recent appearance on Joe Rogan's podcast. The VC specifically referenced a text exchange that Musk sent then-CEO Parag Agrawal shortly after being appointed to Twitter's board. "Imagine that statement being applied to the government," Andreessen said, referencing Musk's "What did you get done this week?"

Persons: Marc Andreessen, Elon Musk, Joe Rogan's, Elon, Andreessen, Andreessen Horowitz, Ben Horowitz, Sen, Elizabeth Warren, Rogan, Musk, Parag Agrawal, Agrawal, Jack Dorsey, … — Organizations: Department of, SEC, FTC, Elon Musk's, Musk's Department, Government, Securities Exchange Commission, Federal Trade Commission, Federal Aviation Administration, Consumer Financial Protection Bureau, Republican Party, Twitter, Big Tech Locations: Silicon

☆ Security is key to financial transactions on the blockchain, says Fmr. Apple Executive Tony Fadell
▼ + stars: | 2024-11-27 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSecurity is key to financial transactions on the blockchain, says Fmr. Apple Executive Tony FadellTony Fadell, Former Apple executive, and Pascal Gauthier, Ledger CEO, join 'Closing Bell Overtime' to talk their crypto wallet hardware.

Persons: Tony Fadell Tony Fadell, Pascal Gauthier Organizations: Security, Apple, Ledger

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