106858665 1616594967647 gettyimages 1230807722 AFP 8ZK8DP scaled

The delta variant has a mutation that’s worrying experts: Here’s what we know so far

Business

A laboratory technician uses a pipette device to process samples to test for the novel coronavirus Covid-19, at Biogroup Laboratory’s lab in west London on January 21, 2021. JUSTIN TALLIS | AFP | Getty Images LONDON — A newly-discovered mutation of the delta variant is being investigated in the U.K. amid worries that it could …

The delta variant has a mutation that’s worrying experts: Here’s what we know so far Read More »

103431876 20141129 2088 6 scaled

Barclays profit gets boost from deal-making, following Wall Street’s lead

Finance

In this article GSBD Barclays headquarters in London, England. Justin Solomon | CNBC Barclays reported better-than-expected third-quarter profits on Thursday, following its Wall Street rivals in receiving a significant boost from its investment banking division. The British bank reported attributable profit of £1.45 billion for the third quarter. Analysts had expected a net income of …

Barclays profit gets boost from deal-making, following Wall Street’s lead Read More »

106907562 1625665761003 51169562702 b0f21f6521 k 2

SpaceX expected to become more valuable than Tesla, Morgan Stanley survey finds

Investing

Starship prototype SN15 returns for a landing on May 5, 2021 after a high-altitude flight test. SpaceX Between Elon Musk’s two largest companies, investors and experts have a long-term favorite. Most “institutional investors and industry experts” surveyed by Morgan Stanley expect SpaceX to become more valuable than Tesla, and see it as a more attractive …

SpaceX expected to become more valuable than Tesla, Morgan Stanley survey finds Read More »

106963430 1634756177255 gettyimages 934803280 dsc6174 scaled

Amazon impersonators stole $27 million in a year. Here’s how

Personal finance

In this article AMZN Karl Tapales | Moment | Getty Images Con artists pretending to be Amazon employees scammed Americans out of $27 million from July 2020 through June 2021, the Federal Trade Commission said Wednesday. These fraudsters were part of a “business impersonator” scam. Criminals pose as someone the consumer trusts — in this …

Amazon impersonators stole $27 million in a year. Here’s how Read More »

106914844 1626917120897 gettyimages 597435890 81338final scaled

Tesla will change the type of battery cells it uses in all its standard-range cars

Business

In this article TSLA Close up of Tesla logo on a charger at a Supercharger rapid battery charging station for the electric vehicle company Tesla Motors, in the Silicon Valley town of Mountain View, California, August 24, 2016. Smith Collection/Gado | Archive Photos | Getty Images Tesla is changing the battery chemistry it uses in …

Tesla will change the type of battery cells it uses in all its standard-range cars Read More »

106950955 1633101917812SLVM Photo 20211001 Press 6 2 scaled

Stock futures inch lower in overnight trading after Dow retakes record high

Finance

Traders at the NYSE, October 1, 2021. Source: NYSE Stock futures dipped slightly in overnight trading on Wednesday after the blue-chip Dow Jones Industrial Average retook its record high amid solid corporate earnings. Dow futures fell 35 points. S&P 500 futures and Nasdaq 100 futures both traded 0.1% lower. The 30-stock average jumped about 150 …

Stock futures inch lower in overnight trading after Dow retakes record high Read More »

106926995 1628885360355 elon2 scaled

Why so many people hate the super-rich — but still love Elon Musk and Bill Gates, according to psychology

Wealth

You might admire Bill Gates’ workhorse mentality or Elon Musk’s brazen attitude and ideas, but also feel conflicted about wealth inequality. Now, psychologists and marketing experts can explain that disconnect. The Ohio State University and Cornell University published new research on Monday showing why people tend to admire individual billionaires, but dislike the socioeconomic class …

Why so many people hate the super-rich — but still love Elon Musk and Bill Gates, according to psychology Read More »

102036394 RTR31UI0r

Fixed-income titan Pimco is starting to embrace cryptocurrencies, CIO says

Investing

Fixed-income giant Pimco has dabbled in cryptocurrencies and plans to gradually invest more in digital assets that have the potential to disrupt the financial industry, according to chief investment officer Daniel Ivascyn. “Now we’re looking at potentially trading certain cryptocurrencies as part of our trend-following strategies or quant-oriented strategies, then doing more work on the …

Fixed-income titan Pimco is starting to embrace cryptocurrencies, CIO says Read More »

106957228 1633755515333 gettyimages 1312493974 48p7891 2021041460349748 2 scaled

Some investors are putting more money into cryptocurrencies than stocks

Personal finance

Bitcoin on display. Chesnot | Getty Images Investors who are bullish on cryptocurrencies are betting more on the digital assets than stocks. In September, crypto investors put an average of $263 into accounts dedicated to coins, more than the average $250 they put in traditional brokerages during the month, according to a recent survey from …

Some investors are putting more money into cryptocurrencies than stocks Read More »

106889829 1622201494093 gettyimages 1294441625 276856final scaled

Spirits industry pushes for states to lower state taxes on canned cocktails to compete with beer and hard seltzer

Business

In this article SAM BF.B Close-up of discounted cans and cases of packaged cocktails on Safeway store shelves in Lafayette, California, December 31, 2020. Smith Collection/Gado | Archive Photos | Getty Images John Granata, co-founder of Jersey Spirits Distilling and president of the New Jersey Craft Distillers Guild, has been pushing for lower excise taxes …

Spirits industry pushes for states to lower state taxes on canned cocktails to compete with beer and hard seltzer Read More »

106928219 1629130755312 gettyimages 1234311531 sindeyev notitle210729 np12K scaled

Bitcoin jumps to new high above $66,000 after landmark U.S. ETF launch

Finance

In this article BITO BTC.CM= A visual representation of bitcoin. STR | NurPhoto via Getty Images Bitcoin notched a fresh all-time high on Wednesday as investors cheered the successful launch of the first U.S. bitcoin futures exchange-traded fund. The world’s largest cryptocurrency climbed about 3% to $66,361.54 around 10:30 a.m. ET, topping a previous record …

Bitcoin jumps to new high above $66,000 after landmark U.S. ETF launch Read More »

106962126 1634584202503 gettyimages 155131774 17906987 scaled

Op-ed: Should you use extra cash to invest or pay off debt? Here are some options

Wealth

eyetoeyePIX | E+ | Getty Images A frequent question that I get asked as a financial advisor revolves around paying off debt versus investing when the opportunity arises. Typically, someone has some extra money as the result of a bonus, tax refund or some other windfall. However, as we have worked our way through the …

Op-ed: Should you use extra cash to invest or pay off debt? Here are some options Read More »

105273206 IMG 7633r

Paul Tudor Jones says crypto is his preferred inflation hedge over gold right now

Investing

Billionaire investor Paul Tudor Jones told CNBC on Wednesday he views cryptocurrencies right now as a better hedge against inflation than gold. “It would be my preferred one over gold at the moment,” Jones said in a “Squawk Box” interview. He added, “Clearly, there’s a place for crypto. Clearly, it’s winning the race against gold …

Paul Tudor Jones says crypto is his preferred inflation hedge over gold right now Read More »

106868521 1618440974351 gettyimages 1312540547 dsc9089

Coinbase will offer customers a ‘get paid in crypto’ direct deposit option

Personal finance

In this article COIN Coinbase signage in New York’s Times Square during the company’s initial public offering on the Nasdaq on April 14, 2021. Robert Nickelsberg | Getty Images Investing consistently in cryptocurrency just got a lot easier. In September, Coinbase announced that its users will soon be able to set up direct deposit with …

Coinbase will offer customers a ‘get paid in crypto’ direct deposit option Read More »

105866614 1556034792318gettyimages 1138920726 scaled

As merchants complain of Visa’s high swipe fees, experts weigh in on the company’s role in the retail market

Small Business

In this article V MA BAC Americans are increasingly using plastic to spend their money, enabling Visa to grow its dominance in the credit and debit card space. People in the U.S. spent $6.7 trillion through credit and debit cards in 2019, up 88% from 2009, according to a 2020 report by HSN Consultants. Of …

As merchants complain of Visa’s high swipe fees, experts weigh in on the company’s role in the retail market Read More »

106962972 1634710705822 gettyimages 1231994594 AFP 96V9JW scaled

UK doctors call for urgent return of Covid restrictions as experts monitor new mutation

Business

Firefighter Dan Joslin wearing a face shield helps prone a Covid-19 patient as he works alongside critical care nurses in the Intensive Care Unit at Queen Alexandra Hospital in Portsmouth, southern England. ADRIAN DENNIS | AFP | Getty Images LONDON — U.K. medical professionals have issued an urgent plea to the British government to reimpose …

UK doctors call for urgent return of Covid restrictions as experts monitor new mutation Read More »