Finance News
Rupert Murdoch calls off proposed Fox-News Corp merger

[ad_1] Rupert Murdoch, chairman of News Corp and co-chairman of 21st Century Fox, arrives at the Sun Valley Resort of the annual Allen & Company Sun Valley Conference, July 10, 2018 in Sun Valley, Idaho. Drew Angerer | Getty Images Rupert Murdoch has withdrawn his proposal to re-combine Fox Corp and News Corp. Fox said […]

Updated: Jan 24, 2023
Jeff Zients reportedly will be Biden’s next chief of staff

[ad_1] Jeff Zients, the White House’s Covid-19 response czar, speaks during a press briefing at the White House where they spoke about a pause in issuing the Johnson & Johnson Janssen Covid-19 vaccine on April 13, 2021, in Washington, DC. Brendan Smialowski | AFP | Getty Images Jeff Zients will serve as President Joe Biden’s […]

Updated: Jan 22, 2023
Cramer names 6 e-commerce plays that are buys, says to wait on Amazon

[ad_1] CNBC’s Jim Cramer on Friday offered investors a list of e-commerce plays he believes are worth buying, despite the group’s rough performance in 2022. “There are still some e-commerce plays that I’m willing to get behind here, the ones that have truly prioritized profitability,” he said. Here is his list:  Etsy Shopify Pinterest MercadoLibre […]

Updated: Jan 20, 2023
CoinDesk engages Lazard to explore sale as DCG crisis grows

[ad_1] Barry Silbert, Founder and CEO, Digital Currency Group  Anjali Sundaram | CNBC Crypto trade publication CoinDesk is exploring a potential sale, hiring advisors at Lazard to weigh a move that would remove it from Barry Silbert’s Digital Currency Group. “Over the last few months, we have received numerous inbound indications of interest in CoinDesk,” […]

Updated: Jan 18, 2023
Founders of bankrupt Three Arrows Capital pitch new platform for crypto debt claims

[ad_1] FTX logo with crypto coins with 100 Dollar bill are displayed for illustration. FTX has filed for bankruptcy in the US, seeking court protection as it looks for a way to return money to users. Jonathan Raa | Nurphoto | Getty Images The co-founders of failed cryptocurrency hedge fund Three Arrows Capital are now […]

Updated: Jan 16, 2023
More classified documents found at Biden’s Delaware home, White House counsel says

[ad_1] U.S. President Joe Biden listens during a meeting with Japan’s Prime Minister Fumio Kishida in the Oval Office at the White House in Washington, U.S., January 13, 2023.  Jonathan Ernst | Reuters Additional classified government documents were found at President Joe Biden‘s Delaware home this week, the White House confirmed Saturday. In a statement, Richard Sauber, White […]

Updated: Jan 14, 2023
Meta sues Voyager Labs over scraping user data

[ad_1] Mark Zuckerberg, chief executive officer of Meta Platforms Inc., left, arrives at federal court in San Jose, California, US, on Tuesday, Dec. 20, 2022.  David Paul Morris | Bloomberg | Getty Images Meta filed a complaint against Voyager Labs on Thursday, alleging that the startup created fake Facebook accounts as part of a scheme […]

Updated: Jan 12, 2023
GOP-led House creates a new China-threat committee, McCarthy’s first big bipartisan win

[ad_1] Speaker of the House Kevin McCarthy, R-Calif., is seen outside a House Republican Steering Committee meeting to select committee chairs in the U.S. Capitol Monday 9, 2023. Tom Williams | Cq-roll Call, Inc. | Getty Images WASHINGTON — Members of the U.S. House from both the Democratic and Republican parties voted overwhelmingly Tuesday to […]

Updated: Jan 10, 2023
This market is split in two and only one part is worth owning

[ad_1] Hardly a day goes by without someone asking me, “Why do you like Jay Powell so much?” He will question whether I am somehow buddies with the Federal Reserve chair, or assume I knew him before he got the job. Nope. Barely knew him. I have spoken to him only once — and as […]

Updated: Jan 8, 2023
Bill Miller doubles down on Amazon after a rough year, while shorting Tesla increasingly

[ad_1] Value investor Bill Miller said he’s doubling down on Amazon after a brutal year, and growing his short position on Tesla . The widely followed investor said the e-commerce giant is a no-brainer in the market right now after losing nearly 50% in 2021. Miller said he recently bought more Amazon shares. His hedge […]

Updated: Jan 6, 2023