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Based on Trump's social media commentary, more about their relationship may be coming soon. Trump wrote in a post on Truth Social on Tuesday that the two will be speaking together publicly next week. Trump wrote. 'I have no choice'Since gaining Musk's support, Trump has returned the praise. On the day of Trump's speech in Nashville, Musk wrote "Save our kids!"

Persons: Elon Musk, Donald Trump, Evan Vucci, Donald Trump's, Trump, he'd, Elon, He's, Musk, What's, podcaster Jordan Peterson, they've, Kamala Harris, he's, it's, Joe Biden, Steven Cheung, Biden, Tesla wasn't, Tesla, Ron DeSantis, DeSantis, David Sacks, Trump's, CNBC's Joe Kernen, they're, Harris, Mark Fields, —, Fields, CNBC's Brian Sullivan, Giorgia Meloni, Javier Milei, Jair Bolsonaro, Narendra Modi, Benjamin Netanyahu, Kevin Mohatt, Kamala, Mike Moritz, Moritz, Brian Schwartz, Christina Wilkie Organizations: SpaceX, White, AP NASHVILLE, Bitcoin Conference, Elon, Music City Center, Trump, Republican, PAC, North Carolina Attorney General's, America PAC, ELON, Biden, General Motors, Ford, Musk, Tesla, Bitcoin, Italian, Indian, Capitol, Air Force, Joint Base Andrews, Financial Locations: Washington, Tenn, —, Nashville, Memphis , Tennessee, Pennsylvania, Michigan, tamp, Florida, Lago, China, U.S, Atlanta, Gaza, Wisconsin, Joint Base Andrews , Maryland, West Palm Beach , Florida, Silicon Valley

☆ 'The Black Swan' author Nassim Taleb on bitcoin: Not a hedge against your assets melting
▼ + stars: | 2024-08-06 | 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 Email'The Black Swan' author Nassim Taleb on bitcoin: Not a hedge against your assets meltingNassim Taleb, Universa Investments distinguished scientific advisor and ‘The Black Swan’ author, joins 'Squawk Box' to discuss the latest market trends, what to make of the market sell-off, the Fed's inflation fight, interest rate outlook, bitcoin's volatility, and more.

Persons: Swan, Nassim Taleb, Taleb, ‘ Organizations: Universa Investments

☆ Crytpo ETFs get first major test after $370 billion market sell-off
▼ + stars: | 2024-08-06 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +1 min

What's different for crypto this time around from prior sell-offs is that many more investors are vulnerable due to the newly launched spot crypto ETFs. Bitcoin ETFs started trading in January, followed by ether funds last month. Across all spot bitcoin ETFs, there were net outflows of around $168 million. Monday's outflows are a fraction of the more than $50 billion market cap of the funds. Within spot ether ETFs, more than $48 million was added across all the funds.

Persons: BlackRock didn't, Monday's, Bernstein Organizations: bitcoin, Digital

☆ Bitcoin can soar past $100,000 despite recent sell-off: Ava Labs president John Wu
▼ + stars: | 2024-08-06 | by ( Talia Kaplan | Kaan Oguz | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin can soar past $100,000 despite recent sell-off: Ava Labs president John WuAva Labs president John Wu weighs in on catalysts contributing to bitcoin's recent sell-off and discusses where he expects crypto markets to head next as the volatile trading week continues. He also discusses utility on the Avalanche blockchain amid new government agency partnerships.

Persons: John Wu Ava, John Wu Organizations: Ava, Avalanche

☆ CNBC Daily Open: Dow sheds 1,000 points
▼ + stars: | 2024-08-06 | by ( Abid Ali | Kevin Lim | ) www.cnbc.com time to read: +3 min

CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Wall Street sinksThe Dow Jones Industrial Average and the S&P 500 suffered their sharpest declines in nearly two years, as growing concerns about the U.S. economy rocked global stock markets. The Dow plummeted over 1,000 points, while the S&P 500 and Nasdaq Composite fell 3% and 3.4%, respectively. Wharton finance professor Jeremy Siegel urged the Federal Reserve to make an emergency 75-basis-point cut in the federal funds rate following Friday's disappointing jobs data. [PRO] Don't panicDespite a global stock market rout, several investors and strategists advised against panicking at this point.

Persons: Berkshire Hathaway, Amit Mehta, Wharton, Jeremy Siegel, Siegel, Austan Goolsbee, Goolsbee, CNBC's, cryptocurrencies, Bitcoin, bitcoin, Nexo, Antoni Trenchev, panicking Organizations: CNBC, Dow Jones Industrial, Dow, Nasdaq, Tech, Nvidia, Tesla, Berkshire, Google, Department of Justice, Federal Reserve, Chicago Federal, bitcoin Locations: U.S

☆ Watch CNBC's full interview with 'The Black Swan' author Nassim Taleb
▼ + stars: | 2024-08-06 | 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 EmailWatch CNBC's full interview with 'The Black Swan' author Nassim TalebNassim Taleb, Universa Investments distinguished scientific advisor and ‘The Black Swan’ author, joins 'Squawk Box' to discuss the latest market trends, what to make of the market sell-off, the Fed's inflation fight, interest rate outlook, bitcoin's volatility, and more.

Persons: Swan, Nassim Taleb Nassim Taleb, ‘ Organizations: Universa Investments

☆ Bitcoin miner Core Scientific rides AI from bankruptcy to $6.7 billion partnership in eight months
▼ + stars: | 2024-08-06 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +1 min

In January, U.S. bitcoin miner Core Scientific was bankrupt and battling angry lenders. Core Scientific will deliver an additional 112 megawatts of computing infrastructure to support CoreWeave's operations. Core Scientific said the deal will generate an additional $2 billion in revenue over 12 years, on top of an existing arrangement that's expected to bring in $4.7 billion. In total, the company plans to provide about 382 megawatts of infrastructure to CoreWeave by the first half of 2026, with the possibility of adding 118 megawatts at other Core Scientific sites. "We've seen tremendous growth since our emergence in January and have been laser focused on developing best-in-class digital infrastructure," Core Scientific CEO Adam Sullivan told CNBC.

Persons: We've, Adam Sullivan Organizations: Nvidia, CNBC

☆ Buy the dip in these bitcoin mining stocks, Cantor Fitzgerald says
▼ + stars: | 2024-08-06 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

Bitcoin was no exception to Monday's broad market rout, which gives investors a good buying opportunity, according to analysts. The flagship cryptocurrency dropped 11% over the three days ending Monday, according to Coin Metrics, pulling down the performance of stocks related to it. "As a reminder, Bitcoin historically has very strong returns in the one-year period post halving," Brett Knoblauch, an analyst at Cantor Fitzgerald, said in a note Monday. Cantor has overweight ratings on eight mining stocks, including Riot Platforms , CleanSpark , Iris Energy , Core Scientific and Cipher Mining . Knoblauch said Riot Platforms, one of the largest of the mining stocks, has the best liquidity and one of the cheapest all-in costs to mine bitcoin.

Persons: Bitcoin, Brett Knoblauch, Cantor Fitzgerald, Knoblauch, Cantor, Iris, Energy, — CNBC's Michael Bloom Organizations: Iris Energy, Core, Cipher

☆ Bitcoin isn't mature enough to take on the role of a safe haven asset: Research firm
▼ + stars: | 2024-08-06 | 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 EmailBitcoin isn't mature enough to take on the role of a safe haven asset: Research firmNik Bhatia, founder of The Bitcoin Layer, says, however, that bitcoin has "decoupled from stocks for brief periods of time, experienced exponential gains during those periods, and those particular periods of times are when bitcoin shines as a hedge against fiscal and monetary profligacy." Nevertheless, he adds, it still "trades like a risk-on asset" most of the time.

Persons: Nik Bhatia, bitcoin

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin climbs above $56,000 as risk assets look to rebound from sell-off: 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, John Wu, CEO of Ava Labs, reacts to the volatile swings in crypto markets and where prices could be headed next.

Persons: explainers, John Wu Organizations: CNBC Crypto, CNBC, Labs

☆ Now possible to discuss nation-states holding crypto on the balance sheet: MicroStrategy's Saylor
▼ + stars: | 2024-08-06 | 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 EmailNow possible to discuss nation-states holding crypto on the balance sheet: MicroStrategy's SaylorMichael Saylor, MicroStrategy co-founder and executive chairman, joins 'Squawk on the Street' to discuss the next breakout catalyst for Bitcoin, if a strategic reserve of Bitcoin is a good idea, and much more.

Persons: Michael Saylor, MicroStrategy

☆ Bitwise CIO Matt Hougan on why bitcoin is a hedge asset in periods of uncertainty
▼ + stars: | 2024-08-06 | by ( Tanaya Macheel | ) 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 EmailBitwise CIO Matt Hougan on why bitcoin is a hedge asset in periods of uncertaintyMatt Hougan, chief investment officer at Bitwise Asset Management, joins CNBC's Tanaya Macheel on "Crypto World" to discuss bitcoin's safe haven narrative after Monday's big market sell-off.

Persons: Matt Hougan Organizations: Bitwise Asset Management

☆ Everything you wanted to know about the market meltdown but were too afraid to ask
▼ + stars: | 2024-08-06 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +9 min

In today's big story, we're giving a full breakdown of what has been a wild few days for the market . Tech: Big Tech is going through a bit of a mid-life crisis . Big Tech is going through a bit of a . There are a few factors at play here:Big Tech, the backbone of the market, had weaker-than-expected earnings last week. The decision could seriously hurt Google's revenue and may signal more antitrust enforcement to come for other Big Tech companies .

Persons: —, Airbnb, Rebecca Zisser, We're, what's, Warren Buffett's, Berkshire Hathaway, I'm, Claudia Sahm, M, Getty, Jenny Chang, Rodriguez, Jensen Huang, Citadel's Ken Griffin, Griffin, it's, Natalie Ammari, That's, Elon, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Annie Smith, Amanda Yen Organizations: Service, Business, Tech, Big Tech, Nasdaq, Federal Reserve, Apple, Oracle, Fed, Nvidia, Bank of America, Google Locations: Japan, Berkshire, Omaha, Asia, bitcoin, Florida, New York, London

☆ Bitcoin rises slightly as crypto and other risk assets look to rebound from sell-off
▼ + stars: | 2024-08-06 | by ( Tanaya Macheel | ) www.cnbc.com time to read: 1 min

Cryptocurrencies on Tuesday recovered some of the previous day's losses after bitcoin briefly fell under $50,000 for the first time in six months. The price of the flagship cryptocurrency was last higher by 3.5% at $55,051.74, according to Coin Metrics. Markets broadly bounced early Tuesday, including stocks tied to the price of bitcoin. Coinbase , MicroStrategy and mining companies Marathon Digital and Riot Platforms all added about 2% each in premarket trading. The sell-off took place as crypto traders were caught in a storm of carry traders unwinding their positions, heightened concerns about a U.S. economic recession, escalating tensions in the Middle East and increasing uncertainty about the outcome of the U.S. presidential election.

Persons: bitcoin, cryptocurrency Organizations: Metrics, Marathon, U.S

☆ Bitcoin's narrative as a stored value is being decimated as we speak, says Tezos' Kathleen Breitman
▼ + stars: | 2024-08-05 | 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 EmailBitcoin's narrative as a stored value is being decimated as we speak, says Tezos' Kathleen BreitmanKathleen Breitman, Tezos co-founder, joins 'Squawk Box' to discuss the state of crypto, what to make of the global sell-off, and more.

Persons: Tezos, Kathleen Breitman Kathleen Breitman

☆ Tuesday's big stock stories: What's likely to move the market in the next trading session
▼ + stars: | 2024-08-05 | by ( Jason Gewirtz | ) www.cnbc.com time to read: +2 min

It's now 18% from the February 52-week high. The stock is 17% from the April 52-week high. Dow Winners There are only four Dow stocks that are up in the last three days. Shares are 1.7% from the July 24 52-week high. The stock is 11% from the January 52-week high.

Persons: Russell, Crypto, Michael Saylor, MicroStrategy, Cleanspark, Joe Hinrichs, It's, Johnson, McDonald's Organizations: CNBC, Nasdaq, Dow Jones, Galaxy, CSX, Caterpillar, Dow, Procter, Gamble, Johnson

☆ Bitcoin and other cryptocurrencies plunge, mirroring global markets.
▼ + stars: | 2024-08-05 | by ( David Yaffe-Bellany | More About David Yaffe-Bellany | ) www.nytimes.com time to read: +1 min

The prices of Bitcoin and other major cryptocurrencies plunged over the last two days, mirroring the volatility in global stock markets and ending a run of growth and excitement in the crypto industry. The price of Ether, the second most valuable cryptocurrency, was down nearly 20 percent over the same period. And the panic is a reminder that Bitcoin and other cryptocurrencies are highly volatile, prone to dramatic increases and decreases in value. In January, the approval of a new financial product tied to the price of Bitcoin prompted a market surge that propelled Bitcoin to its highest-ever price. The excitement even led to a wave of new memecoins, the digital currencies tied to internet jokes.

Persons: Bitcoin

As U.S. markets opened for trading on Monday, tech's mega-cap companies lost about $1 trillion in market cap, deepening a downturn that sent the Nasdaq into correction territory last week. Nvidia shed more than $300 billion in market cap at the opening bell, though it quickly recovered about half of its loss. The company surpassed $3 trillion in market cap and briefly passed Microsoft and Apple to become the world's most valuable company. Its market cap now sits below $2.5 trillion. A widely-read Goldman Sachs note from June warned that the biggest-spending companies had little to show for their AI expenditures.

Persons: Bitcoin, It's, Mark Zuckerberg, Sundar Pichai, Goldman Sachs Organizations: New York Stock Exchange, Nasdaq, Nvidia, Apple, Microsoft, Nikkei, Google, Elliott Management Locations: U.S, Meta, cryptocurrency

Stocks, cryptocurrencies, the dollar, oil — they’re all down sharply again on Monday on concerns that the U.S. economy is slowing faster than expected. It comes after a rough week for global markets. That has reignited criticisms that the Fed is moving too slowly to cut rates as economic conditions look shakier. Mega-cap tech stocks, which have driven much of the market’s gains this past year, were especially bruised: Nvidia was down 11 percent premarket, while Apple was off 7.5 percent. The yield on the 10-year Treasury note fell to a one-year low.

Persons: Berkshire Hathaway, Bitcoin, Brent, Goldman Sachs, Goldman Organizations: Nvidia, Apple, Berkshire, Nikkei, Bank of Japan, . Investors Locations: U.S, Japan

☆ Stocks making the biggest moves midday: Robinhood, Nvidia, Intel and more
▼ + stars: | 2024-08-05 | by ( Sean Conlon | ) www.cnbc.com time to read: +3 min

Check out the companies making headlines in midday trading: Crypto stocks — Several bitcoin-related names were hit following the cryptocurrency's drop below $50,000 for the first time since February. Apple — The tech stock dropped more than 5% in the broad market sell-off after news that Warren Buffett's Berkshire Hathaway dumped half its stake in the iPhone maker. Palantir — The software stock fell more than 4% ahead of the company's s quarterly results. Tech stocks — Major tech names dropped during Monday's sell-off. According to LSEG, analysts are expecting a loss of 26 cents per share on revenue of $192 million.

Persons: Robinhood, MicroStrategy, Warren, Berkshire Hathaway, Tyson, Tyson Foods, —, Samantha Subin, Yun Li, Sarah Min, Darla Mercado Organizations: Nvidia, Computer, Micro Computer, Semiconductor, VanEck Semiconductor, Micron Technology, Taiwan Semiconductor Manufacturing, Arm Holdings, Apple, Oracle, Tech, Microsoft, Facebook, Meta, Intel —, FactSet, GameStop Locations: Berkshire, Omaha, FactSet .

☆ Stocks making the biggest moves premarket: Nvidia, Apple, Kellanova and more
▼ + stars: | 2024-08-05 | by ( Pia Singh | In | ) www.cnbc.com time to read: +2 min

Check out the companies making headlines before the bell: Chip stocks — Nvidia shares fell roughly 12.5% in premarket trading as the artificial intelligence trade continues to unwind, dragging down once-hot semiconductor plays. Apple — Apple shares sank more than 6% after Warren Buffett's Berkshire Hathaway revealed it sold nearly half its stake in the iPhone maker. Tech stocks — Major tech stocks were among the biggest losers of Monday's global market sell-off. Analysts polled by FactSet forecast a loss of 27 cents per share for the second quarter on $190.3 million in revenue. Crypto — Stocks tied to the price of bitcoin were among the hardest hit in premarket trading as the flagship cryptocurrency dropped below $50,000 for the first time this year.

Persons: Warren Buffett's Berkshire Hathaway, Tesla, Crypto, Stocks, Coinbase, MicroStrategy, Palantir, Macheel, Samantha Subin, Jesse Pound, Brian Evans Organizations: Nvidia, Broadcom, Computer, Arm Holdings, Apple, Tech, Facebook, Microsoft, FactSet, Reuters, Street Journal, Marathon

☆ Dow plunges more than 1,000 points as global stock rout deepens on recession fear
▼ + stars: | 2024-08-05 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

The stock market crashed Monday, with the Nasdaq 100 dropping nearly 6%. AdvertisementUS stocks crashed on Monday, with the Nasdaq shedding nearly 6% as the global market rout that kicked off late last week accelerated. AdvertisementThe losses accelerated on Monday after Japan's stock market experienced its worst decline since the Black Monday crash in 1987, falling 12%. Berkshire Hathaway now holds a record $277 billion in cash, leading to some investors worrying that Buffett has soured on the stock market. The bigger question is whether this bloodletting will prove sufficient to provide a basis for a resumption of the stock market rally, and ultimately fresh record highs.

Persons: —, nonfarm payrolls, Jamie Cox, Warren, Berkshire Hathaway, Buffett, bitcoin, David Morrison Organizations: Nasdaq, Berkshire Hathaway's Apple, Service, Dow Jones, Amazon, Intel, Bank of Japan, Federal Reserve, Harris Financial, Berkshire Hathaway's, Berkshire, FCA Locations: Berkshire

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin plunges sharply as recession fears drive global market sell-off: 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, Matt Hougan, chief investment officer at Bitwise Asset Management, discusses the steep drop in crypto markets amid a global market sell-off.

Persons: explainers, Matt Hougan Organizations: CNBC Crypto, CNBC, Bitwise Asset Management

☆ Bitcoin's shellacking during global markets decline calls into question 'safe haven' theory again
▼ + stars: | 2024-08-05 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

Cryptocurrencies were among the hardest assets hit this morning as bitcoin slid 15% toward its worst day since June 2022. The turmoil has investors wondering, once again: what happened to the narrative that bitcoin is a store of value, and a hedge against uncertainty? For short- and even medium-term traders it may not be, since it trades so closely with risk assets. "That's, in a way, why [it] tends to have a more solid floor than other risk assets like equities … because of the diversity of their narrative." Before this weekend bitcoin was supported by a strong floor of about $55,000 and has struggled to break through its $70,000 ceiling.

Persons: bitcoin, Bitcoin, it's, Noelle Acheson Organizations: Dow Jones, Nasdaq, CNBC, Marathon

Signs of a slowing U.S. economy sowed panic among investors on Monday, with a sell-off in markets that began last week turning into a global rout. The moves were a sharp reversal in major stock markets, which for much of the past year have risen to new heights, propelled by optimism about cooling inflation, solid labor markets and the promise of artificial intelligence technology. South Korea’s benchmark Kospi index fell more than 10 percent at one point. Japanese stocks have been on a tear for more than a year, fueled by a weak Japanese yen. Adding to the pressure, foreign investors have started selling off positions in Japanese stocks over the last few weeks.

Persons: ”, Andrew Brenner, Goldman Sachs, Goldman, Jordi Basco Carrera, ’, Basco Carrera, Jitters, Jesper Koll, Koll, John Liu, Melissa Eddy Organizations: Federal, Nasdaq, National Alliance Securities, Equity, Technology, Samsung Electronics, Taiwan Semiconductor Manufacturing Company, Nvidia, Intel, Allianz, Monex, Bank of Japan, Tokyo Stock Exchange Locations: Asia, Europe, Americas, Japan, U.S, Taiwan, Singapore, Australia, Hong Kong, China, Stocks, India, Netherlands, Switzerland, New York, Munich, “, New, Seoul, Berlin

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