Take a look at some of the biggest movers in the premarket: Peloton (PTON) – Peloton CEO John Foley will be stepping down. The fitness equipment maker will also slash about 2,800 jobs or about 20% of its corporate staff and also cut $800 million in annual costs. Foley’s replacement will be former Spotify and
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It’s early days for the 2022 housing market, but new data shows home buyers are already off to the real estate races. In the first month of the year, the typical home sold faster than in any prior January, according to the Realtor.com Monthly Housing Report released today. Compared to January’s national pace, homes sold
China’s property troubles will make it harder for developers in the country to gain access to U.S. debt markets, according to Moody’s Investors Service. “We are seeing the trend of China property turmoil continuing to dampen enthusiasm for some high-yield issuance,” Annalisa Di Chiara, a senior vice president at Moody’s, told CNBC “Squawk Box Asia”
Two Companies With Upward Pointing Trends.
Claire G. Cohen, 87, one of the first women professionals in the municipal bond industry, whose career in public finance spanned over 49 years died at home on Feb. 3. “She was a pioneer in many ways, never shy to express an opinion which was always thoughtful and without rancor,” said Hy Grossman, who began
Cryptocurrency exchange FTX.US will be giving away free Bitcoin as part of its upcoming advertising campaign at the Feb. 13 Super Bowl LVI. However, the amount of Bitcoin given away has yet to be determined because it will depend on what time the ad runs on the East Coast. For example, if the ad runs
Municipals were mostly steady Monday in light trading, with some slight weakness on the long end, while U.S. Treasuries were little changed and equities ended mixed. Triple-A benchmark yields rose a basis point or two in spots while UST were little moved from Friday’s levels. The municipal to UST ratio five-year was at 66%, 75%
Bob Cortright of DriveWealth Source: DriveWealth DriveWealth, the SoftBank-backed start-up that helps fintech firms like Revolut offer stocks, is getting into cryptocurrency trading, CNBC has learned. The New Jersey based start-up, valued at $2.85 billion in a recent fundraising, is acquiring a crypto firm founded by Harvard-trained quants and launching two subsidiaries to handle and
Take a look at some of the biggest movers in the premarket: Spirit Airlines (SAVE) – Spirit surged 11.4% in the premarket after announcing it would buy competitor Frontier Airlines in a stock swap deal valued at $6.6 billion including assumed debt. Shares of Frontier’s parent company Frontier Group (ULCC) fell 2.4%. Peloton (PTON) –
Bring your architect! This, along with similar code phrases, means that the apartment you’re about to view needs work — and probably a lot of it. To compensate for future headaches, sellers tend to offer buyers a lower price upfront. Since the pandemic, however, interest in fixer-uppers has waned considerably compared to move-in ready units
Prospective home buyers tour a model home at the PulteGroup Mirehaven housing development in Albuquerque, New Mexico. Sergio Flores | Bloomberg | Getty Images Consumers are feeling far more negative about the housing market this winter, as home prices continue to rise and now mortgage rates move higher as well. A monthly survey from Fannie
Idaho received its second rating upgrade in four months when Moody’s Investors Service elevated the state’s issuer rating to Aaa from Aa1 on Thursday. The upgrade reflects the state’s continued positive economic and demographic outlook and efforts to increase reserves to protect against the state’s volatile economic and revenue structure, Moody’s analysts wrote. Also upgraded
U.S. Senator Ted Cruz has declared his bitcoin purchase worth up to $50,000. “I’m also particularly proud that my home state, Texas, is becoming an oasis for the blockchain community, for bitcoin miners, for innovators and entrepreneurs in the crypto world,” said the senator. Senator Ted Cruz Declares Bitcoin Purchase U.S. Senator Ted Cruz has
Bitcoin (BTC) surged above the $40,000 psychological resistance on Feb. 4 and successfully held the level over the weekend. This boosted the total crypto market capitalization from $1.78 trillion on Feb. 3 to about $2 trillion on Feb. 6, according to data from CoinGecko. A new financial disclosure by Senator Ted Cruz shows that he bought
Two Michigan-based systems — Beaumont Health and Spectrum Health — formally joined forces this week after clearing heightened anti-trust scrutiny ordered by the Biden administration across a swath of sectors last summer. The not-for-profit systems announced their intention to merge by signing a letter of intent in June 2021. One month later, the Biden administration launched
Nonfungible tokens (NFT) have taken the world by storm, resulting in mainstream interest and greater adoption of cryptocurrency. According to blockchain analysis firm Chainalysis, NFT popularity skyrocketed in 2021. Chainalysis’ “NFT Market Report” shows a minimum of $44.2 billion worth of cryptocurrency sent to Ethereum smart contracts associated with NFT marketplaces and collections last year.
In this article SQ MARA RBLX BA AMD A Boeing 777X airplane takes off during its first test flight from the company’s plant in Everett, Washington, January 25, 2020. Terray Sylvester | Reuters February started on a dramatic note as Big Tech companies, including Meta Platforms and Amazon, issued quarterly earnings and swayed the major
In this article CLX FB PINS F AMZN The Amazon logo is seen at the company logistics center in Lauwin-Planque, northern France. Pascal Rossignol | Reuters Check out the companies making headlines in midday trading. Amazon — Shares of Amazon popped more than 14% following a stellar quarterly report. The company said its investment in electric
A no-reserve auction held late last month has resulted in the purchase of a mansion in the Doheny Estates neighborhood of Los Angeles for $6,526,000, or roughly 20% of the original listing. The sale comes on the heels of a record-breaking year for the Southern California housing market, where high demand and low supply fueled
In this article ABNB (Left to right) Brian Chesky, Nathan Blecharczyk and Joe Gebbia, co-founders of Airbnb Source: Airbnb In this weekly series, CNBC takes a look at companies that made the inaugural Disruptor 50 list, 10 years later. It’s hard to think of a more quintessential story in disruption than Airbnb — the company