David Abner, Gemini’s Global Head of Business Development. Source: David Abner Gemini, the $7.1 billion crypto exchange, is getting into wealth management with the acquisition of a digital asset platform for financial advisors, CNBC has learned exclusively. The company has agreed to purchase BITRIA, a five-year-old San Francisco-based start-up whose tools help advisors manage holdings
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Shane Evans, interim CEO of fintech platform MX. Courtesy: MX Fintech start-up MX has named Shane Evans its interim CEO as the company prepares for an initial public offering or possible sale, CNBC has learned. Evans, who joined the Utah-based start-up in 2019 as chief revenue officer, is replacing founder Ryan Caldwell, who will become
A trader in a face mask works on the trading floor at the New York Stock Exchange (NYSE) as the Omicron coronavirus variant continues to spread in Manhattan, New York City, U.S., December 20, 2021. Andrew Kelly | Reuters The Nasdaq Composite and the tech sector of the S&P 500 slid sharply to begin the
In this article INTC COUR AAPL GDDY NFLX The Netflix logo is seen on their office in Hollywood, California. Lucy Nicholson | Reuters Stocks started the new year on rocky footing as investors confronted the prospect of rising omicron cases, higher bond yields and the Federal Reserve tightening its monetary policy. These macroeconomic factors can
In this article GDDY The GoDaddy banner hangs outside of the New York Stock Exchange as the website hosting service makes its initial public offering (IPO) on April 1, 2015 in New York City. Spencer Platt | Getty Images Company: GoDaddy, Inc. (GDDY) Business: GoDaddy operates in three segments: Domains, Hosting and Presence and Business
In this article VORB Virgin Orbit’s LauncherOne rocket on display in Times Square, New York. CNBC | Michael Sheetz Richard Branson’s satellite-launching company Virgin Orbit brought a rocket to show off in New York City on Friday, as it celebrated going public. “There’s a rocket in Times Square; but there happens to be [another] one
CNBC’s Jim Cramer said tech stocks could bottom Thursday, one day after the Nasdaq’s 3.3% plunge on rising bond yields and Federal Reserve tightening concerns. The “Mad Money” host said he’s glad there’s so much negativity in the market because as a stock picker for his charitable trust, there are many names on sale. “I
A Starlink user terminal, also known as an antenna or satellite dish, on the roof of a building. SpaceX Elon Musk’s SpaceX on Thursday gave an update on its Starlink internet service, as the company launched more satellites into orbit. SpaceX engineer Jessie Anderson said during a webcast of the company’s first launch of the
In this article SPCE Virgin Galactic’s passenger rocket plane VSS Unity, carrying billionaire entrepreneur Richard Branson and his crew, lands after reaching the edge of space above Spaceport America near Truth or Consequences, New Mexico, U.S., July 11, 2021. Joe Skipper | Reuters Shares of space tourism company Virgin Galactic fell below $11.75 in trading
CNBC’s Jim Cramer on Wednesday rolled out his four of his top stock picks for 2022, a year he believes will be led by companies that are profitable and make “tangible” goods. Appearing on CNBC’s “Halftime Report,” here’s what the “Mad Money” host had to say about his selections of Chevron, Eli Lilly, Honeywell and
In this article BABA 9618-HK BIDU CNBC’s Jim Cramer said Wednesday he can’t recommend investors buy Chinese stocks because the communist government there is a “total wild card.” Chinese President Xi Jinping “does not like capitalism,” Cramer told “Squawk Box,” saying the leader of the world’s second-largest economy “may be the first totalitarian dictator in
Billionaire investor Warren Buffett, chairman of Berkshire Hathaway, speaks on a mobile phone during an interview in New York, U.S., on Wednesday, June 25, 2008. Bloomberg | Getty Images Warren Buffett’s out-of-character bet on Apple may end up being one of his winningest investments, making more than $120 billion on paper as the tech giant