DIRS.INFO The most relevant business & tech news

☆ Bitcoin climbs, reaching a new all-time high above $97,000
▼ + stars: | 2024-11-21 | by ( Tanaya Macheel | ) www.cnbc.com time to read: 1 min

Bitcoin breached the $95,000 level for the first time Wednesday evening as investors continued pricing in a second Donald Trump presidency. The price of the flagship cryptocurrency was last higher by more than 3% at $97,646.68, according to Coin Metrics. Earlier, it rose as high as $97,788.00. Shares of MicroStrategy , a bitcoin proxy, gained 3% in extended trading. Mining stocks rose as well, with Mara Holdings up 4%.

Persons: Bitcoin, Donald Trump, cryptocurrency, Mara Organizations: Metrics, Mara Holdings

When you buy through our links, Business Insider may earn an affiliate commission. Learn moreSifting through a sea of gift ideas when none seem ideal is an experience everyone is familiar with. If you're wanting to avoid that headache this year, one of the best remedies can be to utilize the convenient, fast, and reliable perks of shopping on Amazon and its mountain of gifting options. To make your last-minute shopping easier, we found 35 gifts for him that won't cost more than $100, but that he's still sure to like. Shop the 31 best Amazon gifts for him:

Persons: he's, it'll Organizations: Business

☆ The most common mistakes people make during their first safari vacation
▼ + stars: | 2024-11-19 | by ( Monica Humphries | ) www.businessinsider.com time to read: +7 min

AdvertisementTwo safari travel agents shared common mistakes travelers make on their first visit to Africa. The average vacationer spends between $5,500 and $6,500 on a safari, according to travel company Go2Africa's 2023 safari report. AdvertisementWhile Meg van Niekerk, a safari planner for Go2Africa, said that's not always the case, she added that it's impossible not to fall in love with the vacation style. Van Niekerk and Shaun Stanley, the owner and founder of the luxury safari planning company Stanley Safaris, shared with Business Insider some common mistakes travelers can avoid on their first safari vacation. Van Niekerk connects with her clients via WhatsApp, so if I flight is delayed or something goes wrong, she's just a message away.

Persons: Meg van Niekerk, that's, Van Niekerk, Shaun Stanley, Stanley Safaris, Monica Humphries, Stanley, we've, overtourism, it's, van Niekerk Organizations: Business, Mara, Reserve Locations: Africa, Kenya, Tanzania, South Africa, Botswana, Central Serengeti, Republic of Congo

☆ Why founders of some small luxury brands are eyeing exits
▼ + stars: | 2024-11-18 | by ( Maria Noyen | ) www.businessinsider.com time to read: +7 min

AdvertisementIndependent luxury brands face pressure to sell or seek investment amid the market downturn. It's a decision some independent luxury brands are confronting amid an industry-wide downturn. Even the biggest and most successful independent brands with cult followings are under pressure. Seize the moment or risk failureEscribano said there's been an uptick of independent brands seeking investors as a survival strategy. For independent brands, Escribano said, the thought process is "either we make it today or we're not here tomorrow."

Persons: It's, Simon Porte Jacquemus, Figaro, Gigi Hadid, Stephane Cardinale, Corbis, Jacqumeus, Blanca Zugaza Escribano, Escribano, there's, Kate Middleton, Dion Lee, Taylor Swift, Mara Hoffman, Roksanda, Chris Jackson, Milton Pedraza, Le Figaro, Jaquemus, Montaigne, Pedraza, Jacquemus, Kering, Valentino, Marc Piasecki Organizations: Fashion, Business, The Brand Group, Luxury Institute, Olympics, Burberry, Brands Locations: Soho , New York City, French, Serbian, Paris

☆ Miss Universe 2024: See all the best national costumes
▼ + stars: | 2024-11-15 | by ( Oscar Holland | ) edition.cnn.com time to read: +5 min

At Miss Universe 2024, it was all those things — and much more — as the annual pageant kicked off with its flamboyant national costume competition Thursday evening. Raquel Cunha/ReutersThe first person of First Nations heritage to represent Canada at Miss Universe, Ashley Callingbull wore a multi-tiered gown equipped with flashing lights. Hector Vivas/Getty ImagesMiss Jamaica, Rachel Silvera, paid homage to the female pioneers of dancehall music. Hector Vivas/Getty ImagesMiss Malta, Beatrice Njoya, became the first ever Miss Universe contestant to reach the finale in their 40s, after the pageant lifted a longstanding age limit of 28. Hector Vivas/Getty ImagesMiss Ukraine, Alina Ponomarenko, came in an armored outfit symbolizing "the courage of Ukrainian defenders," the pageant host said.

Persons: Geyssell García, Irene Mukii’s, Chile, Emilia Dides, Sábado Gigante, ”, Miss Ivory Coast Marie, Emmanuelle Diamala’s, Thet San Andersen, Christina Chalk, Sheynnis Palacios, Faith Landman, Hector Vivas, Miss Argentina, Magalí Benejam, Selvinique Wright, Elena Hidalgo, Ky Duyen Nguyen, Fernando Llano, ” Hector Vivas, Juliana Barrientos, Images Miss Kenya, Irene Mukii, Raquel Cunha, Ashley Callingbull, Miss Italy, Glenany Cavalcante, Jamaica, Rachel Silvera, Davin Prasath, Malta, Beatrice Njoya, Sakhile Dube, Alma Cooper, Sam, Alina Ponomarenko Organizations: CNN, Miss, Miss Bangladesh, Anouk, United, Images Miss, Reuters, Nations, Images, Cambodia, San, Santo Locations: Mexico City, Miss Nicaragua, León Cathedral, Kenyan, Miss Ivory Coast, Miss Myanmar, United Kingdom, Sheynnis Palacios of Nicaragua, Delft, Miss Bahamas, Costa Rica, Miss Aruba, Miss Vietnam, Miss Great Britain, Chile, Bolivia, Canada, Ecuador, Tema, San Francisco, Santo Domingo, Colombia, Mexico, Miss Zimbabwe, Miss United States, Images Miss Nicaragua, León

☆ I stayed in a 540-square-foot luxury tent at the edge of Africa's Serengeti National Park. The lodge was stunning, but the safari perks were the real highlight.
▼ + stars: | 2024-11-14 | by ( Monica Humphries | ) www.businessinsider.com time to read: +9 min

At the edge of Serengeti National Park sits TAASA, a luxury safari lodge. The lodge sits near three ecosystems: the Serengeti National Park, the Maasai Mara National Reserve, and the Ngorongoro Conservation Area. A pair of zebras and a lion in the Serengeti National Park in Tanzania. In Serengeti National Park, night game drives aren't permitted. I whispered the words to myself on game drives and woke up to the lyrics in my mind some mornings.

Persons: —, Jambo, Habari, Mzuri sana, TAASA's, May Simon, Simon, TAASA, Monica Humphries, Mikindo, Logolie Milya, Sam, Milya Organizations: Service, Toyota, Cruiser, Business, Mara, Reserve, Rovers Locations: TAASA, Tanzania's Lobo, Lodge, Ngorongoro, Tanzania, Ololosokwan

☆ Bluesky’s user base has doubled in the past 90 days. Is it a mass exodus from X?
▼ + stars: | 2024-11-13 | by ( Clare Duffy | ) edition.cnn.com time to read: +8 min

Bluesky’s user base has doubled in the past 90 days — on Tuesday the company said it had gained 1 million new sign-ups in the past week alone, bringing it to more than 15 million total users. “X usage is at an all-time high and continues to surge,” X CEO Linda Yaccarino said in a post Wednesday. Bluesky also saw daily visits jump on Election Day and the day after to 1.2 million and 1.3 million, respectively, up from around 800,000 in the days before. On Bluesky, daily users more than doubled from-mid October to the post-election week. In the run-up to the election, Musk spread false and misleading claims about Trump’s competitor, Vice President Kamala Harris.

Persons: Bluesky rocketed, Elon, Musk, Donald Trump, Charlie Warzel, New York Times ’ Mara Gay, Don Lemon, X, White supremacists, Linda Yaccarino, “, Similarweb, Bluesky, ” David Carr, we’ve, Ed Zitron, EZPR, Zitron, Mike Isaac, ”, Trump, MAGA, Kamala Harris, Vivek Ramaswamy, Vladimir Zelensky, Musk’s Starlink, That’s, – CNN’s Liam Reilly, Matt Egan Organizations: New, New York CNN, Apple, New York Times, CNN, Guardian, ” New York Times, Trump, Twitter, “ Department, Government Locations: New York, anecdotally, Bluesky, ”, Russia

☆ Bitcoin briefly tops $93,000 for the first time as investors digest postelection gains, inflation data
▼ + stars: | 2024-11-13 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +1 min

Bitcoin rose above $93,000 for the first time on Wednesday, adding to its postelection rally, as traders pored through October inflation data. Traders were digesting the most recent consumer price index, which showed prices increased 0.2% in October, bringing the 12-month inflation rate up to 2.6%. Bitcoin, which has recently benefited from a big postelection rally across risk assets, is seen by many investors as a hedge against potential fiscal policy that could spark inflation. The rest of the crypto market sold off as investors took profits from the past week's rally. Most bitcoin miners, including Mara Holdings , Riot Platforms , CleanSpark and Iren , formerly known as Iris Energy, tumbled double digits.

Persons: cryptocurrency, MicroStrategy, Mara, XRP, Dogecoin, Elon, Donald Trump's Organizations: Traders, Mara Holdings, Energy

As bitcoin shoots to new heights, some stocks that trade closely with the digital currency could also see their fortunes rise. Against that backdrop, CNBC Pro screened for stocks that have the highest positive correlation with bitcoin over the past 60 days, meaning they could rise in tandem. Fellow crypto miner Riot Platforms was also on the list with an 81% correlation to bitcoin. Lesser-known names that could see a boost on further bitcoin appreciation include crypto miners Bitdeer Technologies and Hut 8 . Bitdeer has a 67% correlation to the digital currency, while Hut 8's correlation coefficient is nearly 0.7.

Persons: Bitcoin, Donald Trump, Trump, bitcoin, Mark McLaughlin, Cryptocurrency, Mara Holdings, Cantor Fitzgerald, Mara, Brett Knoblauch, MARA, Bitdeer Organizations: cryptocurrencies, CNBC Pro, New York Stock Exchange, Nasdaq, Bank of America, Bitdeer Technologies

☆ Wall Street sees a buying opportunity in these crypto mining stocks as bitcoin marches to new records
▼ + stars: | 2024-11-12 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

Some bitcoin miners are giving investors an opportunity to get in on the cryptocurrency's big postelection rally. Pure play bitcoin miners have been lagging this year for a host of reasons. CLSK RIOT,MARA 5D mountain Bitcoin mining laggards have been outperforming in the the recent crypto rally Now, with bitcoin consistently reaching new records since Election Day — a trend that's expected to continue through next year — the mining laggards could be catching up, analysts say. Bitcoin mining stocks are among the best investment vehicles for investors to express their bullish outlook on bitcoin, he added, and have outperformed bitcoin itself in bull markets prior to 2024 by about 2.5x. We know, investors like miners for energy [and] AI optionality, but it's time to buy bitcoin miners for the Bitcoin trade."

Persons: MARA, Mike Colonnese, Wainwright, TeraWulf, Bernstein, Gautam Chhugani, Riot, CleanSpark, Iren, Trump, Biden, — CNBC's Michael Bloom Organizations: bitcoin, BTC, H.C, CNBC, Mara Holdings, Energy Locations: Marathon, U.S

☆ Stocks making the biggest moves midday: AbbVie, Tesla, Cigna, Morgan Stanley and more
▼ + stars: | 2024-11-11 | by ( Pia Singh | In | ) www.cnbc.com time to read: +3 min

Crypto stocks — Crypto stocks extended last week's gains as investors basked in the honeymoon period between election day and inauguration day. Coinbase shares jumped 20% and were trading above $300 for the first time since 2021. Wells Fargo jumped 4%, while Bank of America and Morgan Stanley each rose more than 2%. Valley National Bank — Shares popped almost 5% after JPMorgan upgraded the New York-based regional bank to overweight from neutral. Cboe Global Markets — Shares advanced nearly 2% on the back of Deutsche Bank's upgrade to buy from hold .

Persons: Tesla, Trump, Elon Musk, Ernst & Young, MARA, Morgan Stanley —, Wells Fargo, Morgan Stanley, Donald Trump, Tom Homan —, Trump's, Cigna, RadNet, Anthony Elian, Alex Harring, Tanaya Macheel, Jesse Pound, Samantha Subin, Lisa Kailai Han, Michelle Fox Organizations: Bristol, Myers Squibb, Super, MARA Holdings, Bank of America, Geo, U.S, Immigration, Customs, Trump Media & Technology, Trump, Humana, GE HealthCare, Bank, JPMorgan, Cboe, Deutsche, Deutsche Bank Locations: Wells Fargo, York

But the balance of the evidence from the NBC News Exit Poll suggests that Trump owes his victory to more common, less polarizing factors that drive many elections year in and year out. That included a striking shift of Latino voters into the GOP column compared with 2020 — they backed Trump by 13 points more. Women broke for Harris, 54%-44%, while men favored Trump, 54%-44% — a gap in support amounting to 22 percentage points. But in 2020, Trump performed even worse among women, losing them to Biden 57%-42%. A final factor favoring Trump: his appeal among Americans who are less attached to politics and elections:

Persons: Donald Trump, Kamala Harris, Trump, Barack Obama, Joe Biden, —, Trump’s, ” Trump, Dobbs, coy, Harris, George W, Bush Organizations: NBC, Democratic, Voters, Trump, Biden Locations: United States

☆ Cryptocurrencies little changed as investors brace for U.S. presidential election, bitcoin hovers below $69,000
▼ + stars: | 2024-11-05 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

Cryptocurrencies were slightly higher as investors looked forward to results from the U.S. presidential election. We believe bitcoin, being less than 0.1% of global financial assets, has enough headroom for growth regardless of election outcome." "A constructive crypto friendly SEC would open opportunity for all crypto assets beyond bitcoin," he said. And … if either side pushes towards a crypto friendly SEC. The Trump side has promised a crypto friendly SEC, while the Harris side has promised to defend ownership of crypto assets, although the crypto community would have preferred more specific crypto policy from Harris."

Persons: memecoins dogecoin, Shiba, bitcoin, Mara, Coinbase, Kamala Harris, Donald Trump, Harris, Bernstein, Gautam Chhugani, Chhugani, there's, Trump, Gary Gensler, Sen, Elizabeth Warren Organizations: U.S, Metrics, Solana, Mara Holdings, SEC, Trump, Securities and Exchange Commission Locations: bitcoin

☆ The Brooklinen Down Comforter has held up for 1,000+ nights. Here's why it's the most comfortable duvet we've tested
▼ + stars: | 2024-11-01 | by ( Mara Leighton | Lisa Sabatini | Senior Digital Culture Reporter | ) www.businessinsider.com time to read: +5 min

Brooklinen All-Season Down Comforter (Queen) The Brooklinen All-Season Down Comforter is a soft, light, and comfortable choice that's airy and warm but remains breathable so you can use it any time of the year. Check price at Brooklinen Check price at Amazon What we like Check mark icon A check mark. Light and airy feelCheck mark icon A check mark. Smooth sateen shellCheck mark icon A check mark. The Brooklinen All-Season Down is the best all-year comforter I've found, but it's not magical.

Persons: I've, it's, Mara Leighton, you've, There's, It's, I'm, Brooklinen, I'd, haven't Organizations: Business

☆ Coinbase drops 11% after earnings, heads for worst day in more than a year
▼ + stars: | 2024-10-31 | by ( Tanaya Macheel | ) www.cnbc.com time to read: 1 min

The Coinbase logo is displayed on a mobile phone screen with stock market percentages in the background. Coinbase shares were under pressure Thursday, a day after the company reported weaker-than-expected earnings and gave a tepid revenue outlook for the current quarter. The stock lost 11%, putting it on pace for its biggest drop since June 2023, when it fell 12.1%. Robinhood , which also reported weak earnings Wednesday, tumbled 15%. Bitcoin , which is often a big influence on the price of Coinbase, slid 2% after hovering below its all-time high this week.

Persons: Coinbase Organizations: Miners Mara Holdings

☆ Breaking down the the yawning gender gap dividing Gen Z: From the Politics Desk
▼ + stars: | 2024-10-24 | by ( The Politics Desk | ) www.nbcnews.com time to read: +12 min

In today’s edition, we break down our latest poll showing how Gen Z voters are viewing the presidential race in the final days. And among young voters who say they will vote in the presidential election in November, Harris leads 56%-36%, a 20-point advantage. Within Gen Z, though, there are notable divisions among different groups — and the gender gap is particularly significant. Men (46%) were more likely to say Trump has the right temperament to serve as president, compared with women (30%). Read more →Future Forward, a Democratic super PAC backing Harris, has been quietly running millions of dollars in Spanish-language ads aimed at Latino voters.

Persons: Ben Kamisar, Jonathan Allen, Kamala Harris ’, Harris, Stephanie Perry, Marc Trussler, Mara Haeger, Kamala Harris, Donald Trump, Trump, that’s, Joe Biden, Read, ross, hite, ince, ake, eck, hal, sion, Harri, Shaw Organizations: NBC, White House, Capitol, Trump, ust, eads, GOP Locations: ain

And among young voters who say they will vote in the presidential election in November, Harris leads 56%-36%, a 20-point advantage. Young women said they’ll vote for Harris over Trump by a 33-point margin. The gender differences splashed across the issues young voters say are most important to their vote. Roughly a third of young voters said they’ll pay attention to endorsements by political leaders (38%) and organizations to which they belong (31%). One-third of young voters have a positive view of Trump’s VP pick, JD Vance, and 45% have a negative view of him.

Persons: Kamala Harris, Donald Trump, Harris, Trump, that’s, Joe Biden, Taylor Swift, Elon Musk, Elon, Swift, Tim Walz, JD Vance, Walz, Vance Organizations: NBC, Trump, Democratic National Convention, SurveyMonkey, American, Survey

☆ The election is still incredibly close with 2 weeks to go, with warning signs for both Trump and Harris in the Sun Belt
▼ + stars: | 2024-10-22 | by ( John L. Dorman | ) www.businessinsider.com time to read: +8 min

Harris and Trump are aiming to win in the Sun Belt, but there are challenges for both candidates. AdvertisementWarning signs in the Sun BeltTrump is looking to flip Arizona and Georgia, states that he won in 2016 but lost to now-President Joe Biden in 2020. In the poll, Harris is earning the support from roughly 74% of Black voters, a robust figure. But it's well below the 88% support that Biden received from Black voters in Georgia four years ago. And the poll also showed that nearly 18% of Black voters remained undecided, in a state where Black voters could make up roughly 30% of the electorate or more.

Persons: Harris, Trump, —, Kamala Harris, Donald Trump, Dan Kanninen, Liz Cheney, Melina Mara, Harris isn't, It's, Cheney, Joe Biden, George W, Bush, Brandon Bell, Biden, Nikki Haley, Mitt Romney, Trump's, it's Organizations: Washington, Schar, Service, Republicans, Democratic, Trump, NBC, Getty, Sun, Republican, Nevada, GOP, Biden, South Carolina Gov, Black Locations: Arizona, Georgia, Michigan, Nevada , North Carolina , Pennsylvania, Wisconsin, North Carolina, Pennsylvania, Nevada, Michigan , Pennsylvania, Phoenix, Atlanta

It's a good time to increase exposure to bitcoin as stocks continue hitting new records and as the U.S. presidential election draws nearer, according to Bernstein. Bitcoin is again testing $70,000, something it's done several times this year after reaching a new record above $73,000 in March. Bitcoin ETF inflows, crypto equity markets and retail trading sentiment [are] screaming 'risk-on.'" Earlier attempts led to brief forays above $70,000, but over the weekend bitcoin rose as high as $69,480, according to Coin Metrics. Their outperformance "reflects underlying bullish sentiment for the bitcoin asset class vs. the compute/energy thesis, which investors have favored so far."

Persons: Bernstein, Bitcoin, Gautam Chhugani, Harris, Trump, bitcoin, Chhugani, Mara, — CNBC's Michael Bloom Organizations: U.S, bitcoin, Metrics, Mara Holdings Locations: U.S

☆ The Panda Factories
▼ + stars: | 2024-10-15 | by ( Mara Hvistendahl | Joy Dong | ) www.nytimes.com time to read: +30 min

They show that, from the beginning, zoos saw panda cubs as a pathway to visitors, prestige and merchandise sales. Panda keepers with cubs at the Chengdu Research Base of Giant Panda Breeding, in China, in 2022. A Chinese giant panda at the Panda Park in Al Khor, in Qatar, in 2022. Smithsonian Institution Archives A panda wakes up from anesthesia in March 1999 during a seminal study by American and Chinese researchers into panda breeding. Smithsonian Institution Archives Giant panda Mei Xiang taken out of the China Conservation and Research Center for the Giant Panda in Wolong, Sichuan Province, in 2000, for shipment to the National Zoo in Washington.

Persons: Ariana Drehsler, Kati Loeffler, “, ’, Loeffler, Kimberly Terrell, ”, Terrell, Soraya, Xin Bao, zookeepers, Richard M, Nixon, Pat Nixon, Annalisa Meyer, Melissa Songer, Heather Bacon, Bacon, Don Kohlbauer, JoGayle Howard, Darting, Howard, Ping Ping, Thomas Hildebrandt, Dr, Hildebrandt, Lei Lei, Meyer, Lung Yuan Chih, Lung, James Ayala, . Hildebrandt, Ayala, interjected, Mei Xiang, Ken Cedeno, Tian Tian, Xiang, David Wildt, Mei, Mei Xiang vomited, Qi Ji, Agnes Bun, scrawled, Pierre Comizzoli, Mads Frost Bertelsen, Meng Lan, Su Weizhong Organizations: Zoo Washington, Factories, Chengdu Research Base, Archives San Diego Zoo, The New York Times Chengdu Research Base, China, National Zoo, New York Times, Smithsonian Institution, Times, Pandas, Agence France, Memphis Zoo, Tulane University, Smithsonian, San Diego Zoo, The New York, Smithsonian . Pandas, Zoo, Associated Press, University of Central, Bear Care Group, China Conservation and Research Center, San Diego Union Tribune, Feature, Future Publishing, Getty, U.S . Fish, Wildlife Service, ”, Leibniz Institute for Zoo, Wildlife Research, National Zoo Washington, Institution Archives Chengdu Research Base, Breed, The New York Times, Beijing Zoo, Tsinghua University, Animal Studies, Visitors, New York Times China Conservation and Research Center, Smithsonian National, Associated, Smithsonian’s, and Wildlife Service, National, Fujifilm, Smithsonian Institution Archives, Reuters, Smithsonian Channel, “, Copenhagen Zoo Locations: China, Chengdu, Sichuan, Archives San Diego Zoo California, Washington, Louisiana, Japan, San Diego, San Francisco, Indonesia, Qatar, Al Khor, University of Central Lancashire, England, U.S, San, Fuzhou, United States, Feature China, Sichuan Province, Beijing, Berlin ., Wolong, Taiwan, American, estrus, New York Times China, Europe, Washington ,, Washington , DC, Beijing Zoo Beijing

☆ Stocks making the biggest moves midday: SoFi, Caterpillar, SiriusXM, Boeing and more
▼ + stars: | 2024-10-14 | by ( Pia Singh | In | ) www.cnbc.com time to read: +2 min

Check out the companies making headlines in midday trading: SoFi Technologies — Shares of the online personal finance company jumped 9.8% after SoFi announced a $2 billion agreement with Fortress Investment Group to grow its loan platform business. Crypto stocks — Stocks tied to cryptocurrencies surged as bitcoin gained more than 5% to top $66,000. Ibotta — Shares advanced 5.5% after Goldman Sachs upgraded Ibotta, a mobile platform that offers cash-back rewards, to buy from neutral. Flutter Entertainment — The online gambling stock rose 4% after Wells Fargo upgraded shares to overweight from equal weight, urging investors to buy the recent dip. Caterpillar — The industrial stock fell 1.7% after Morgan Stanley downgraded shares to underweight from equal weight.

Persons: SoFi, Warren Buffett's Berkshire Hathaway, Stocks, cryptocurrencies, bitcoin, AppLovin, Goldman Sachs, Goldman, Wells, Morgan Stanley, Eli Lilly's, —, Alex Harring, Brian Evans, Samantha Subin, Yun Li, Lisa Kailai Han, Pia Singh, Michelle Fox Organizations: Fortress Investment Group, Sirius XM Holdings, Berkshire, Sirius, Mara Holdings, Boeing, Walmart, of America, Caterpillar, U.S . Food, Drug Administration Locations: U.S

☆ Stocks making the biggest moves premarket: Flutter Entertainment, Boeing, SiriusXM, Caterpillar and more
▼ + stars: | 2024-10-14 | by ( Sean Conlon | ) www.cnbc.com time to read: +2 min

Crypto stocks – Stocks linked to cryptocurrencies rose as Bitcoin soared above $64,000 to start the week. Flutter Entertainment – The FanDuel parent company popped 4% after Wells Fargo upgraded shares to overweight , saying that investors should consider buying the stock following the recent sell-off. Boeing also postponed the delivery of its still-uncertified 777X wide-body plane and forecasted a wider-than-expected loss for the third quarter. Sirius XM Holdings – The audio entertainment company rose 3.5% after Warren Buffett's Berkshire Hathaway disclosed that it purchased more of the stock. Caterpillar – The industrial company slipped more than 2% after Morgan Stanley downgraded shares to underweight from equal weight.

Persons: MicroStrategy, Mara, Mara Holdings —, Coinbase, Wells, Warren Buffett's Berkshire Hathaway, Morgan Stanley, Goldman Sachs, AppLovin, Eli Lilly's, —, Alex Harring, Samantha Subin, Jesse Pound, Sarah Min, Hakyung Kim, Pia Singh Organizations: Mara Holdings, Boeing –, Boeing, Sirius XM Holdings, Berkshire, Sirius, Caterpillar, Walmart, Food and Drug Administration

☆ Residents in rural Texas are suing their noisy neighbor: a humming bitcoin mining facility
▼ + stars: | 2024-10-11 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +3 min

Residents near Granbury, Texas, want an 'intolerably loud' crypto mine to stop. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementResidents of Hood County in northern Texas have filed a lawsuit against a local bitcoin mining facility, alleging its "intolerably loud" noises and physical vibrations have caused mental and physical health problems. AdvertisementOne impacted resident, Cheryl Shadden, has difficulty sleeping and has experienced hearing loss, vertigo, and tinnitus, according to the suit. AdvertisementResident Liana Oechsle told NBC 5 that the facility has a right to exist but wants it to be more responsible.

Persons: —, Cheryl Shadden, it's, Hood, Daniel Lakey, Liana Oechsle Organizations: Service, Marathon Digital Holdings, Marathon, Fox, NBC, Business Locations: Granbury , Texas, Hood County, Texas, America, China, North Carolina, Ohio, Arkansas

☆ Here are Thursday's biggest analyst calls: Nvidia, Microsoft, Netflix, CVS, Honeywell, Nike, AIG, Sunnova & more
▼ + stars: | 2024-10-10 | by ( Michael Bloom | ) www.cnbc.com time to read: +14 min

Barclays upgrades CVS to overweight from equal weight Barclays said the stock is a "new margin story." JPMorgan downgrades Honeywell to neutral from overweight JPMorgan said it's downgrading the stock after 15 years with an overweight rating. UBS upgrades Tronox to buy from neutral UBS said it's bullish on the chemical manufacturer. "We upgrade shares of EVGO from Neutral to Buy, following the $1.05bn DOE loan conditional commitment announced last week. "Our bullish view of AIG reflects its outsized EPS growth, lower exposure to risks facing commercial lines carriers (casualty reserves and higher cat loads), high capital flexibility, and attractive valuation."

Persons: Morgan Stanley, Goldman Sachs, Goldman, it's bullish, Jefferies, TD Cowen downgrades, Cowen, Bernstein, Brinker, Kevin Hochman, Truist, it's, BIRK, Cantor Fitzgerald, Mara, Cantor, MARA, Wolfe, Google's, Satya Nadella, Lucas Jackson Organizations: Nvidia, Netflix, Barclays, JPMorgan, Honeywell, Microsoft, UBS, TD Cowen downgrades Pepsi, U.S, Department of Energy, DOE, RBC, PayPal, Cirrus, Bank of America, underperform Bank of America, Nike, Mara Holdings, AIG, DOJ, Google, Reuters Locations: EVGO, EAT's, LHX, New York City

While "boring" bitcoin has been chopping sideways since March, bitcoin proxy MicroStrategy is trading at its highest level relative to the flagship crypto since 2019. Wolfe Research managing director Rob Ginsberg said he "loves [MicroStrategy's] chances to get out and continue climbing," but that the stock is overbought in the near term. "On a relative basis vs. BTC, the stock is at its highest level since 2019," Ginsberg added. Bitcoin is up 41% for the year, while MicroStrategy has gained 193%. MicroStrategy, which tends to be a high beta play on the cryptocurrency, is expected to follow.

Persons: Rob Ginsberg, MARA, MSTR, Ginsberg, Price, Wolfe, MicroStrategy, bitcoin, — CNBC's Michael Bloom Organizations: Wolfe Research, BTC Locations: pullbacks, MSTR, bitcoin

Search resuls for: "Mara"

25 mentions found