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5 mins read

Pharmaceutical companies behind weight-loss drugs are slimming down a new target: The Magnificent 7

In today's big story, we're looking at pharma companies' surging stocks and threatening tech darlin…

Dan DeFrancesco   


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2 mins read

Nvidia's blowout earnings push US stocks higher

Goldman Sachs called Nvidia the "most important stock in the world" and Wall Street was not disappo…

Phil Rosen   


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3 mins read

Bitcoin's halving is unlike others before it: A supply shock colliding with a demand tidal wave

Markets have seen multiple halvings in the past, but the 2024 occurrence is particularly momentous …

Phil Rosen   


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2 mins read

US stocks extend rally to close at fresh records ahead of mega-cap earnings

Apple, Microsoft, Amazon, Alphabet, and Meta Platforms, cumulatively representing about $10 trillio…

Matthew Fox   


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2 mins read

US stocks edge up ahead of action-packed week for earnings and the economy

So far, 25% of S&P 500 companies have reported Q4 earnings results, with 71% of those companies bea…

Matthew Fox   


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1 min read

Bitcoin-exposed stocks slide alongside the cryptocurrency as Elon Musk once again wreaks havoc with a tweet

Shares of bitcoin-exposed companies suffered in tandem with bitcoin as tweets from the Tesla CEO co…

Isabelle Lee   


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2 mins read

Square gets a street-high $330 price target from Deutsche Bank on Cash App stimulus potential

Deutsche Bank analysts led by Brian Keane believe another round of government stimulus will boost C…

Will Daniel   


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2 mins read

Wedbush says Tesla's bitcoin investment will spark further corporate adoption - and highlights 4 stocks already poised to gain from the crypto boom

Shares of PayPal, Square, Mastercard, and Visa could benefit as more institutions adopt cryptocurre…

Emily Graffeo   


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2 mins read

Jack Dorsey's Square reports Q1 bitcoin revenue grew 1,000% to $3.5 billion - and is the 3rd-largest corporate holder of the cryptocurrency

Square now holds 8,027 bitcoin, making it the third-largest publicly-traded holder of the digital a…

Shalini Nagarajan   


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2 mins read

Square CFO says 1 million users of its Cash App service bought bitcoin for the first time in January

Square CFO Amrita Ahuja said in an interview with CNBC Wednesday that bitcoin is aligned with the c…

Isabelle Lee   


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2 mins read

Square's crypto business could generate $1 billion in profit if bitcoin soars to $100,000, Wall Street analyst says

Bitcoin traded above $39,000 for the first time ever on Thursday, and the crypto market as a whole …

Matthew Fox   


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1 min read

Jack Dorsey's Square and Cathie Wood's Ark suggest bitcoin mining encourages the adoption of renewable energy and isn't environmentally-damaging

Cathie Wood said that the findings disprove the myth that the bitcoin mining process is damaging to…

Shalini Nagarajan   


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1 min read

Twitter is considering adding bitcoin to its balance sheet, CFO says

Twitter CFO Ned Segal told CNBC the social media giant has done "a lot of the upfront thinking" abo…

Emily Graffeo   


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2 mins read

Bitcoin surges back above $51,000 after Square's $170 million investment, Cathie Wood's positive comments

Square's purchase of an additional $170 million of bitcoin and bullish remarks from Cathie Wood hel…

Isabelle Lee   


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3 mins read

Jack Dorsey’s Square is steering clear of NFTs — wants to make Bitcoin the ‘native currency for the internet’

Square chairman and chief executive (CEO), Jack Dorsey, revealed that the company would be steering…

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2 mins read

Emily Graffeo   


Emily Graffeo   


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1 min read

PayPal and Square's Cash App have scooped up 100% of newly mined bitcoins, report says

One of the key catalysts for Bitcoin's rally is the ease of investing via PayPal, Cash App, and Rob…

Shalini Nagarajan   


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1 min read

Square increases bitcoin stake with additional $170 million investment

Bitcoin represents about 5% of Square's total cash, cash equivalents, and marketable securities as …

Isabelle Lee