All posts by: r4ibom

This is yet another chapter in the permanent struggle of European authorities to curb the anticompetitive practices of big internet multinationals.

Fellow Democrats are balking at the cost of making America’s economy competitive again.

Massive amounts of often unexpected federal stimulus are about to hit local jurisdictions. Here are four things city officials and public-finance observers will be watching for.

Elon Musk says Tesla won’t take bitcoins for cars, due to environmental concerns.

U.S. wholesale prices increased sharply again in April and signaled that more inflation is bubbling up in the U.S. economy, just a day after another government report showed the cost of living rose at the fastest pace in 13 years. The producer price index jumped 0.6% last month.

Gold prices retreat on Thursday, heading for a third straight slide as the precious metal extended a fall from the highest levels since around February on the back of jitters centered on rising inflation.

The 10-year Treasury yield on Thursday holds steady around the highest levels in weeks as fretting about rampant inflation in the aftermath of COVID-19 persists and investors await fresh economic reports for further signs of pricing pressures.

The parent company of Wish has seen its stock deeply discounted since its initial public offering, and the price was slashed yet again in late trading Wednesday.

Tesla Inc. will halt sales of cars using bitcoin due to the effects on the environment mining the cryptocurrency can have, Chief Executive Elon Musk said Wednesday, and prices of Tesla shares and the cryptocurrency dropped immediately after.

Crypto platform Coinbase Global is set to issue highly anticipated quarterly results Thursday after the close of regular trading. Here’s what analyst are expecting.

Applied Finance sees attractive buying opportunities in the stock market, including some big technology companies, according to one of its founders. U.S. stocks have slumped this week, particularly the tech-heavy Nasdaq.

When China began rolling out tests of its new digital yuan, many observers feared that the central bank-issued digital currency posed a threat to the U.S. dollar’s role as the world’s reserve currency and preferred medium of exchange. But the real threat may be to America’s private sector.

Shares of ThredUp drop nearly 8% late Wednesday as investors gave the cold shoulder to both online secondhand retailers reporting quarterly results in the extended session.

President Joe Biden on Wednesday afternoon says his administration has been in “very, very close contact with Colonial Pipeline” and there would be “some good news” in the next 24 hours on the company’s East Coast fuel artery.

The dating-app company reported first-quarter user and revenue growth and profit, greatly exceeding expectations and sending its shares briefly higher in extended trading on a day when they reached an all-time intraday low.