Billionaire bitcoin bull Mike Novogratz said Wednesday that the cryptocurrency industry remains in its early days, as he predicted the wealth it generates will continue to proliferate in the years ahead. “Right now, total crypto wealth is roughly $2 trillion, so that’s one half of 1% of all wealth,” Novogratz said on CNBC’s “Squawk Box.”
Alex Wong | Getty Images News | Getty Images While the latest stimulus package and a new massive infrastructure bill are the main topics of conversation in Washington of late, President Joe Biden continues to be under mounting pressure to take action on student loan forgiveness, too. Sen. Elizabeth Warren, D-Mass., held a hearing on
Westend61 | Westend61 | Getty Images Stocks are booming and seniors are struggling with long-term unemployment. Taken together, poor job prospects and a healthy nest egg may make it seem like a good time to retire. In fact, it may be a particularly dangerous time for Americans to do so, according to financial experts. More
Traveling abroad is getting less complicated for vaccinated travelers. A growing list of countries is reducing or eliminating quarantine and Covid-19 testing requirements for those who have been fully vaccinated, while keeping restrictions in place for those who haven’t. Where vaccines are easing travel restrictions Barbados announced this week that quarantine requirements for vaccinated
In this article ARKK Ark Invest’s Cathie Wood said digital wallets and genomics are the next two biggest disruptive trends after Tesla and electric vehicles. “We’re very excited about digital wallets,” Wood said on CNBC’s “The News with Shepard Smith” on Tuesday. “We really think that these digital wallets and two-sided market places, merchants and
Jason Lee | Reuters BEIJING — Investors are putting billions of dollars more into U.S. stock funds than Chinese ones, according to data from fund research firm EPFR Global. “The baton seems to be getting handed over,” said Cameron Brandt, director of research at EPFR, in an interview Friday. “A lot of investors think the
Combination: Jeff Bezos (L), Elon Musk (C) and Bill Gates (R). Reuters Climate change appears to be high on the agenda for tech billionaires like Elon Musk, Jeff Bezos and Bill Gates but some are questioning whether they’re focusing their efforts on the right areas. Broadly speaking, the three richest tech billionaires — who rank
Dana Neely | Stone | Getty Images Criminals are targeting a new federal program that pays up to $9,000 in funeral costs for a loved one who died of Covid-19, the Federal Trade Commission said Tuesday. The Covid-19 Funeral Assistance program, overseen by the Federal Emergency Management Agency, opened to applicants on Monday. Individuals have
Luis Alvarez | DigitalVision | Getty Images Ivory Johnson was one of the many financial advisors who were forced to pivot quickly when the pandemic hit the U.S. more than a year ago. In a business that is often relationship-driven, Covid largely put a halt to in-person meetings for advisors, including Johnson. However, the shift
“Even when we’re 6’5″ and visibly intoxicated [and] asleep in our car, they’ll make sure we can call our friends to get us home safely.” That was Alexis Ohanian’s response on Tuesday to a Twitter user’s call for transparency after Daunte Wright was fatally shot by a police officer while fleeing a traffic stop in
People walk by the New York Stock Exchange (NYSE) on the morning that the music streaming service Spotify begins trading shares at the NYSE on April 3, 2018 in New York City. Spencer Platt | Getty Images The New York Stock Exchange announced Monday it would launch “First Trade” NFTs, to memorialize the true first
A woman wearing a face mask rides a scooter past the U.S. Federal Reserve in Washington, D.C., the United States, on Jan. 27, 2021. Lie Jie | Xinhua News Agency | Getty Images The Federal Reserve has a “staggering” lack of diversity among its directors who are charged with running the central bank’s 12 districts,
A sign is posted in front of the NVIDIA headquarters on May 10, 2018 in Santa Clara, California. Justin Sullivan/Getty Images Nvidia stock rose over 6% on Monday after announcing several new products and telling investors that it expected its first-quarter income to be higher than previously expected. Nvidia said revenue in its fiscal first
In this article NFLX Rege-Jean Page and Phoebe Dynevor star in Netflix’s “Bridgerton.” Netflix Lady Whistledown has a new announcement: Netflix has renewed “Bridgerton” for a third and fourth season. “‘Bridgerton’ swept us off our feet,” said Bela Bajaria, the vice president of global TV at Netflix, in a statement. “The creative team, led by Shonda
sturti A year into the pandemic, some Americans are still confused as to why they received less stimulus check money than they anticipated and, in some cases, no money at all. If that’s you, there’s good news: A recovery rebate credit on this year’s tax return will let you submit your claim for those funds.
Papyrus paper originated in ancient Egypt. Today, just one village still makes the paper, but after a year without tourists, workers are struggling to keep their doors open. Saied and Atef sell their products locally in Egypt. MORE STILL STANDING VIDEOS: How One Of The Last Dye Houses In Egypt Keeps Ancient Hand Dyeing Alive
An artist’s rendering of a DRACO spacecraft. DARPA The Pentagon’s research and development arm on Monday awarded a trio of companies with contracts to build and demonstrate a nuclear-based propulsion system on a spacecraft in orbit by 2025. General Atomics, Lockheed Martin and Jeff Bezos’ space venture Blue Origin won the Defense Advanced Research Projects
In this article 9988-HK A logo of Ant Group is pictured at the headquarters of the company, an affiliate of Alibaba, in Hangzhou, Zhejiang province, China October 29, 2020. Aly Song | Reuters GUANGZHOU, China — Alibaba shares in Hong Kong jumped nearly 4% at the open on Tuesday after regulators ordered the e-commerce giant’s
In this article CMG DRI CNBC’s Jim Cramer on Monday revealed a list of stocks he expects will benefit from the “last man standing scenario.” “After a year of carnage, big businesses with deep pockets are triumphing over their smaller competitors who didn’t make it,” the “Mad Money” host said. The scenario will play out
ozgurcankaya If you haven’t filed your 2020 tax returns yet, you’re in luck — you have more than a month to get your paperwork to the IRS. The IRS moved the filing deadline this year for individual returns to May 17 from April 15. In addition, May 17 is also the last day to contribute
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