Solana surges 12% on launch of Trump-themed meme coin, ether falls
Economy

Solana surges 12% on launch of Trump-themed meme coin, ether falls

President-elect Donald Trump gestures at the Bitcoin 2024 event in Nashville, Tennessee, on July 27, 2024. Kevin Worm | Reuters Solana’s SOL token rocketed after a meme coin linked to President-elect Donald Trump launched on the popular blockchain network. The price of SOL rose 12% to $247.76 on Saturday, according to Coin Metrics. Earlier, it surged […]

Stocks making the biggest moves midday: Tesla, Western Alliance, Target & more
Economy

Stocks making the biggest moves midday: Tesla, Western Alliance, Target & more

Elon Musk, CEO of Tesla, speaks with CNBC on May 16th, 2023.David A. Grogan | CNBCCheck out the companies making headlines in midday trading.Tesla — Shares rose 4.4% following the company’s annual shareholder meeting the previous day. CEO Elon Musk announced the company would deliver its first Cybertrucks later this year. Musk said that although he expects… […]

Disgraced Theranos CEO Elizabeth Holmes will report to jail on May 30
Economy

Disgraced Theranos CEO Elizabeth Holmes will report to jail on May 30

Former Theranos CEO Elizabeth Holmes (C) arrives at federal court with her partner Billy Evans (R) and mother Noel Holmes on November 18, 2022 in San Jose, California.Justin Sullivan | Getty ImagesElizabeth Holmes, the disgraced CEO of Theranos, must report to prison May 30, according to a ruling issued Wednesday by U.S. District Judge Edward… […]

Discount retail operator TJX shows it can deliver profits in a slowing economy
Economy

Discount retail operator TJX shows it can deliver profits in a slowing economy

Club holding TJX Companies ‘ (TJX) weaker-than-expected sales for its fiscal 2024 first quarter were more than offset by strong expense management, resulting in a beat on profitability — further demonstrating the off-price retailer’s ability to navigate gathering economic headwinds. Total revenue for the three months ended April 29 advanced 3.3% year-over-year, to $11.78 billion,… […]