Silvergate Capital CEO Alan Lane told CNBC on Monday the bank holding company hopes to launch a stablecoin by the end of this year, following its acquisitions of assets and intellectual property from Mark Zuckerberg’s beleaguered cryptocurrency project. The California-based financial firm, which through its subsidiary Silvergate Bank operates the crypto-focused payments platform Silvergate Exchange
Stock futures declined in overnight trading Monday after Wall Street wrapped up a tumultuous month with steep losses as investors grappled with the Federal Reserve’s policy shift. Futures on the Dow Jones Industrial Average dipped 80 points. S&P 500 futures and Nasdaq 100 futures both traded 0.3% lower. While stocks pulled off a tech-driven rally
JohnnyGreig | E+ | Getty Images Embracing diversity is good for business. More diverse companies, both at board level and throughout the workforce, can outperform on financial metrics such as return on equity and higher earnings per share. They can also generate higher returns compared to their indices, according to GS Sustain 2020. Moreover, embracing
Jamie Grill | Getty Images In a competitive job market, equity compensation such as stock options — the chance to buy stock in the company that employs you at a specific price — can be an incentive to sign on and stick around. It can also be nerve-wracking when these assets underperform. “Part of the
With stocks selling off hard over the last few weeks we’re taking a look at where investors can put their money.
Workers are quitting their jobs in record numbers – part of what is now called The Great Resignation. Around 4 million workers have quit each month between July and November 2021. Erica Leman had maintained a side hustle as a wedding photographer for 12 years. Like millions of other Americans, Leman, who was working in
Sam Bankman-Fried, CEO of cryptocurrency exchange FTX, at the Bitcoin 2021 conference in Miami, Florida, on June 5, 2021. Eva Marie Uzcategui | Bloomberg | Getty Images Cryptocurrency exchange FTX saw its valuation swell to $32 billion in a new funding round announced Monday, highlighting continued appetite for the sector even as investors grow wary
10’000 Hours | DigitalVision | Getty Images Bonds take on a bigger role in retirement, as investors take chips off the table to protect their nest egg. Unfortunately, it’s easy to get tripped up — namely, by chasing returns and taking too much risk, according to financial advisors. “Bonds are the single biggest mistake I
In this article MGM A Ladbrokes betting shop, operated by Entain Plc, in London, U.K., on Wednesday, Sept. 22, 2021. Chris J. Ratcliffe | Bloomberg | Getty Images In a crowded gambling landscape, technology increasingly gives operators an edge. Global sports betting and gaming company Entain said Monday it is launching Ennovate, an innovation lab
Freeman H. Shen, Founder, Chairman & CEO of WM Motor, speaks during Fireside Chat on Day 2 of CNBC East Tech West at LN Garden Hotel Nansha Guangzhou on November 28, 2018 in Nansha, Guangzhou, China. Dave Zhong/Getty Images for CNBC International BEIJING — Covid-related restrictions have increased production costs for Chinese electric car start-up
Vax, Scanland, Percival, Vex, Grog, Pyke and Keyleth in “The Legend of Vox Machina,” a new animated series based on “Critical Role.” Amazon Studios Within the first minute of Critical Role’s new animated series “The Legend of Vox Machina” a boulder smashes an adventurer to a bloody pulp, a spellcaster is sliced into several pieces,
Traders work on the floor of the New York Stock Exchange at the opening bell Jan. 25, 2022. TIMOTHY A. CLARY | AFP | Getty Images Stock futures fell slightly in overnight trading on Sunday as investors braced for the final trading day in what could be the worst month for the S&P 500 since