Economy

Bitcoin has rallied nearly 70% so far this year — and industry insiders who spoke to CNBC remain bullish, with one saying the world’s biggest cryptocurrency could reach new heights.Bitcoin previously hit its all-time high of $68,990.90 in November 2021. Since then it has fallen about 60%.related investing newsMarshall Beard, chief strategy officer at U.S.-headquartered… […]

Skynesher | E+ | Getty Images Mortgage rates moved ever so slightly higher last week, but it was enough to take a little heat out of what had been a briefly red-hot refinance market. That caused total mortgage application volume to fall 1.3% for the week, according to the Mortgage Bankers Association’s seasonally adjusted index. […]

Andrew Forrest, chairman of Fortescue Metals Group Ltd., during the Asia-Pacific Economic Cooperation (APEC) CEO Summit in San Francisco, California, US, on Thursday, Nov. 16, 2023. Bloomberg | Bloomberg | Getty Images Australian mining tycoon Andrew Forrest, founder and executive chairman of Fortescuesays it is time for the world to walk away from the “proven […]

The Starling Bank banking app on a smartphone. Adrian Dennis | AFP via Getty Images U.K. financial regulators hit British digital lender Starling Bank with a £29 million ($38.5 million) fine over failings related to its financial crime prevention systems. In a statement on Wednesday, London’s Financial Conduct Authority said it had fined Starling “for […]

Federal Reserve Chairman Jerome Powell speaks during a news conference following the September meeting of the Federal Open Market Committee at the William McChesney Martin Jr. Federal Reserve Board Building on September 18, 2024 in Washington, DC. Anna Moneymaker | Getty Images Great news for Club stocks Wells Fargo and Morgan Stanley : The rebound […]

View of Victoria Harbour in Hong Kong SAR of China Jackyenjoyphotography | Moment | Getty Images SINGAPORE — Hong Kong’s Hang Seng index was up over 6% on Wednesday, hitting a 22-month high for a sixth day of gains amid further optimism about Beijing’s latest stimulus policies. The index closed up 6.2%, ending at 21,133.68 […]

Artificial intelligence still has a long way to go before completely taking over most human jobs. But it can already make some side hustles easier and more lucrative, primarily by saving people time.”Automation, I think, is the key to reducing your workload,” Sean Audet, a food photographer who uses generative AI tools like ChatGPT to… […]

Ford Motor Co. displays a new 2021 Ford F-150 pickup truck at the Rouge Complex in Dearborn, Michigan, Sept. 17, 2020.Rebecca Cook | ReutersHeads up, hybrid fans: Ford Motor is working on a whole bunch of new hybrid models.”You’re going to see a lot more hybrid systems from us,” CEO Jim Farley said Thursday after… […]

This illustration photo taken on July 24, 2023 shows the Twitter bird logo upside down in the background of Elon Musk’s screen advertising an “X” as a replacement logo, in Los Angeles.Chris Delmas | AFP | Getty ImagesX, formerly known as Twitter, has officially retired its famous blue and white bird logo.The icon on the… […]

Shipping containers are loaded onto rail cars at the Global Container Terminals Vanterm container terminal on Vancouver Harbour in Vancouver, British Columbia, Canada.Bloomberg | Bloomberg | Getty ImagesOverseas trade entering North America through key ports on Canada’s West Coast faces more uncertainty after dock workers rejected a tentative labor deal late Friday.The flow of trade… […]