Economy

People celebrate the Gitlab IPO at the Nasdaq, October 14, 2021.Source: NasdaqGitLab shares rose 31% on Tuesday after the provider of code-deployment software notched a loss that was narrower than analysts expected while reporting an improved full-year forecast.The stock enjoyed its best day since GitLab’s 2021 Nasdaq debut. It’s still roughly 65% below its peak… […]

Cryptocurrency prices rose Tuesday after the Securities and Exchange Commission sued crypto services provider Coinbase.Bitcoin climbed 6.3% to $27,155.16, according to Coin Metrics, recovering its losses from the previous day after the SEC sued Binance. Earlier, it fell as low as $25,368.57, its lowest level since March. Ether gained nearly 5% to trade at $1,896.19.On… […]

U.S. Republican presidential candidate and New Jersey governor Chris Christie speaks during the Heritage Action for America presidential candidate forum in Greenville, South Carolina on September 18, 2015.Chris Keane | ReutersFormer New Jersey Gov. Chris Christie filed paperwork to run for president, injecting a dose of anti-Trump criticism into a Republican primary field that has… […]

The Securities and Exchange Commission sued crypto exchange Coinbase in New York federal court on Tuesday morning, alleging that the company was acting as an unregistered broker and exchange and demanding that the company be “permanently restrained and enjoined” from continuing to do so.Shares closed down 12% Tuesday. Coinbase stock had already fallen 9% on… […]

A Tesla store in Alhambra, California on March 11, 2025. Frederic J. Brown | AFP | Getty Images As Elon Musk wraps up his second month in the White House, Tesla owners are trading in their electric vehicles at record levels, according to an analysis by national car shopping site Edmunds. The data from Edmunds […]

CNBC’s Jim Cramer is optimistic on home improvement retailer Home Depot and he told investors on Thursday that the company could do well even against the backdrop of a tougher macroeconomic environment. “You may be skeptical, thinking that higher interest rates, tariffs are…more important than the specifics of this home improvement chain,” he said. “I […]

Nike on Thursday warned that sales will drop by a double digit percentage in its current quarter as the sneaker giant contends with new tariffs, sliding consumer confidence and a slower than expected turnaround. In a conference call with analysts, finance chief Matt Friend said Nike expects its sales decline in the fiscal fourth quarter […]

U.S. President Donald Trump speaks during the signing event for an executive order to shut down the Department of Education, in the East Room at the White House in Washington, D.C., U.S., March 20, 2025. Carlos Barria | Reuters President Donald Trump on Thursday signed an executive order to increase domestic production of critical minerals […]

A sign in front of the entrance of the Security Administration’s main campus on March 19, 2025 in Woodlawn, Maryland. Kayla Bartkowski | Getty Images A federal judge Thursday issued a temporary restraining order barring Elon Musk’s so-called Department of Government Efficiency team from having access to personally identifiable information from the Social Security Administration. […]

CNBC’s Jim Cramer looked at what might have spurred Wednesday’s Big Tech sell-offs, reviewing why investors may have been disappointed with earnings from Alphabet and Tesla . “Wall Street, it looks like it’s had it with the mega caps, doesn’t it? We don’t want to hear about the ‘Magnificent Seven’ anymore,” he said. “Everyone thinks […]