Facebook-backed Diem aims to launch digital currency pilot later this year

Facebook wanted to revolutionize finance with a global digital currency — then came the regulators. First proposed in June 2019 with the name libra, the token was initially intended to be a universal currency tied to a basket of sovereign currencies such as the U.S. dollar and the euro. But after facing strong opposition from … Read more

How baseball card mania is colling with the NFT boom to revive Topps and change the game for dealers

Topps baseball cards Ari Levy | CNBC On a recent family ski trip in California, my kids and I popped into an old baseball card shop in the city of Sonora, a former gold mining town in the Sierra Nevada foothills. As a former rabid card collector, I lit up when I saw the sign … Read more

Stock futures rise as S&P 500 looks to extend three-day win streak

A woman carries an umbrella as she walks past the New York Stock Exchange (NYSE), February 9, 2017 in New York City. Drew Angerer | Getty Images Futures contracts tied to the major U.S. stock indexes rose during the overnight session Wednesday evening, suggesting an extension to the S&P 500’s three-day win streak on Thursday. … Read more

Stock futures flat as Reddit mania unravels, Amazon and Alphabet report strong earnings

U.S. stock futures were flat in overnight trading on Tuesday, after a strong market rally as the Reddit trading mania continued to unwind. Dow futures rose 30 points. S&P 500 futures gained 0.3% and Nasdaq 100 futures rose 0.4%. Strong earnings from Amazon and Alphabet helped futures. Amazon reported earnings nearly double Wall Street estimates; … Read more

How Mike Speiser and Sutter Hill are changing the rules for venture investing

Venture capitalist Mike Speiser had a historic 2020. His firm, Sutter Hill Ventures, turned an initial investment of less than $200 million in Snowflake into a stake worth $12 billion after its IPO in September. Sutter Hill amassed its fortune in the cloud software vendor in a unique way. The typical method of early-stage investing … Read more

Biden Covid advisor challenges Cuomo’s letter to buy vaccine directly from Pfizer

President-elect Joe Biden’s Covid Advisory Board member Dr. Celine Gounder slammed the Trump administration’s piecemeal Covid response as some states across the U.S. scramble to get the vaccine doses they need.  “I think we’ve already had too much of a patchwork response across the states,” Gounder said in a Monday evening interview on “The News … Read more

The 10 biggest retail bankruptcies of 2020

Robert Barnes | Getty Images More than three dozen retailers, including the nation’s oldest department store chain, filed for bankruptcy this year, marking an 11-year high. Pre-pandemic, several of these retailers were already teetering on the brink of survival. But the Covid health crisis pummeled the industry. Lockdown orders put in place in March to … Read more

Nieman Marcus’ holiday perks are very 2020: Santa delivers curbside and virtual gift advisors send champagne

Neiman Marcus now offers a virtual gift advisor service, and an in-store concierge service, to help customers pick out items on their wish lists. Source: Neiman Marcus Santa Claus will be busy delivering packages curbside, by appointment, at Neiman Marcus this holiday season. This is just one of the new initiatives that the luxury department … Read more

Stocks making the biggest moves midday: Pinterest, Ford, Spotify, eBay & more

Stocks making the biggest moves midday: Pinterest, Ford, Spotify, eBay & more Search quotes, news & videos Source link

Stocks making the biggest moves in the premarket: Comcast, Spotify, Pinterest, Tapestry & more