Former Goldman Sachs CEO and Chairman Lloyd Blankfein said that his view of cryptocurrencies has evolved after digital assets attracted trillions of dollars in value and a rapidly growing ecosystem. On Monday, Blankfein was asked by CNBC’s Andrew Ross Sorkin for his view on the nascent asset class, who noted that the former banker has
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In this article VRNT AMZN TSLA VMW WMT VMware at the NYSE, Dec. 14, 2021. Source: NYSE Stocks have had a rocky start to 2022, and further turbulence could be ahead for investors. That’s because the current macro environment has been one of the most volatile in recent memory. Inflationary fears, labor shortages and the
In this article DAN Carl Icahn speaking at Delivering Alpha in New York on Sept. 13, 2016. David A. Grogan | CNBC Company: Dana Inc. (DAN) Business: Dana provides power-conveyance and energy-management solutions for vehicles and machinery in North America, Europe, South America, and Asia Pacific. It offers sealing solutions, thermal-management technologies, and digital solutions
In this article NFLX CNBC’s Jim Cramer said Friday investors should remain calm about the overall stock market despite Netflix’s worst single-day decline in years, which was wiping out gains back to April 2020. Netflix, at its lows of the day, was down more than 25% to roughly $380 per share, following slowing subscriber growth
In this article MSTR MicroStrategy CEO Michael Saylor speaks at the Bitcoin 2021 Convention, a crypto-currency conference held at the Mana Convention Center in Wynwood on June 04, 2021 in Miami, Florida. Joe Raedle | Getty Images Shares of MicroStrategy tumbled 17.8% Friday afternoon after the U.S. Securities and Exchange Commission reportedly rejected the company’s
The Axiom space station, with the circular SEE-1 module attached, is seen in an artist’s rendition. Axiom Space The producers of Tom Cruise’s planned space movie on Thursday announced plans to attach a studio to the space station in development by Houston-based company Axiom. U.K.-based studio Space Entertainment Enterprise, co-founded by producers Elena and Dmitry
Spencer Platt | Getty Images IPO investors in a record-breaking issuance rush in 2021 have so far been disappointed by dismal returns, and the outlook for the once-booming market is only getting worse with rising rates and insider selling on the horizon. Last year, the number of U.S. traditional IPOs climbed to the highest levels
Gary Gensler, chairman of the U.S. Securities and Exchange Commission (SEC), speaks during a Senate Banking, Housing and Urban Affairs Committee hearing in Washington, D.C., U.S., on Tuesday, Sept. 14, 2021. Bill Clark | Bloomberg | Getty Images Securities and Exchange Commission Chairman Gary Gensler said Wednesday that the regulator is eyeing tighter disclosure deadlines for hedge
In this article PL A rendering on a Dream Chaser spaceplane in orbit. Sierra Space Private investment in space companies last year set a record, according to a report Tuesday by New York-based firm Space Capital. Space infrastructure companies received $14.5 billion of private investment in 2021, a new annual record that was up more than 50%
In this article GS People walk along Wall Street in the rain on July 08, 2021 in New York City. Spencer Platt | Getty Images Wall Street firms are playing catch up with employee compensation, boosting pay in the second year of a deal-making and trading boom. That’s what Goldman Sachs CEO David Solomon conceded
In this article ZS MSFT CSCO DKS TTWO Ed Stack, CEO of Dick’s Sporting Goods. David Orrell | CNBC As the world heads toward another year of the pandemic, investors must adapt to changing macroeconomic forces and trends. Rising inflation, the Federal Reserve’s move to dial back its monetary support, and a workforce that’s been
Jeffrey Smith, chief executive officer and chief investment officer at Starboard Value LP. David Paul Morris | Bloomberg | Getty Images 2021 was a busy year for activist funds, with notable investors including Starboard Value, JANA Partners and Carl Icahn pushing for meaningful change at an array of companies. In all, activist shareholders embarked on