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June 12, 2021

CNBC

Digital dollar could push more investors into bitcoin, fund manager says

CNBC
CNBC – For more and to sign up click here A digital dollar won’t doom bitcoin, according to two cryptocurrency fund managers. As central banks around the world consider digitizing their fiat currencies, the trend could actually push more investors into crypto, Grayscale’s Michael Sonnenshein and Osprey Funds’ Greg King......

Tax refunds and stimulus checks delayed by identity fraud crossfire

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CNBC – For more and to sign up click here Samuel Corum/Bloomberg via Getty Images Jeff Lavigne plans to use a tax refund this year for long-delayed medical help. Yet his refund, almost $2,700, has been in limbo since mid-March, when Lavigne filed his tax return, records show. The IRS......

Here’s what investors can expect from Bill Ackman’s Universal Music SPAC deal

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CNBC – For more and to sign up click here Bill Ackman, founder and CEO of Pershing Square Capital Management. Adam Jeffery | CNBC Company: Pershing Square Tontine Holdings, Ltd. (PSTH) Business: Pershing Square Tontine Holdings is a special purpose acquisition company (“SPAC”). The firm does not have significant operations.......

Biden will rally G-7 leaders around a unified approach to counter China’s rising influence

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CNBC – For more and to sign up click here WASHINGTON — President Joe Biden will press G-7 leaders to take concrete steps to counter China’s rising global influence on Saturday, the second day of the annual summit. One of these steps will be a global infrastructure initiative called “Build......

Southern states have a ‘real vulnerability’ to Delta Covid variant this summer, warns Dr. Peter Hotez

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CNBC – For more and to sign up click here Dr. Peter Hotez warned that Southern U.S. states could feel the impact of the highly transmissible Delta Covid variant as early as this summer, due in part to low vaccination rates.  “I’m really holding my breath about the South and......

Apple says it didn’t know Trump’s DOJ was asking for Democrats’ data when it complied with subpoena

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CNBC – For more and to sign up click here Tim Cook, Chief Executive Officer of Apple, speaks as President Donald Trump listens during an American Technology Council roundtable in the State Dinning Room of the White House, Monday, June 19, 2017, in Washington. Alex Brandon | AP Apple said......

Cramer’s week ahead: Don’t underestimate the market’s small gains

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CNBC – For more and to sign up click here Matteo Colombo | DigitalVision | Getty Images After stocks muscled their way slightly higher on Friday, CNBC’s Jim Cramer advised investors not to underestimate a market that’s putting up small gains. The S&P 500 crawled 0.19% higher to 4,247.44, a......

Jim Cramer: Be patient with bitcoin, approach the S&P with caution

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CNBC – For more and to sign up click here CNBC’s Jim Cramer is advising that investors who are searching for entry and exit points keep a close eye on both stock and cryptocurrency trades in the coming weeks. The “Mad Money” host on Friday reviewed chart analysis from Tom......

Markets await the Fed’s meeting before making the next big move in the week ahead

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CNBC – For more and to sign up click here U.S. Federal Reserve Chairman Jerome Powell speaks to reporters after the Federal Reserve cut interest rates in an emergency move designed to shield the world’s largest economy from the impact of the coronavirus, during a news conference in Washington, March......

United Airlines says rising travel demand will spare flight attendants, thousands of others from furlough this fall

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CNBC – For more and to sign up click here United was the first commercial airline to fly the first FDA-authorized Covid vaccines to the U.S. Source: United Airlines United Airlines told more than 40,000 employees on Friday that their jobs are safe when federal Covid-19 aid for the sector......

Justice Department to step up enforcement of voting rights protections, Attorney General Garland says

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CNBC – For more and to sign up click here Attorney General Merrick Garland said Friday that the Justice Department will swiftly increase its resources dedicated to enforcing voting rights protections, citing a 2013 decision by the Supreme Court as well as bills being pushed by conservatives across the country......

The Fed could be facing a jobs headache in its inflation fight

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CNBC – For more and to sign up click here Residential single family homes construction by KB Home are shown under construction in the community of Valley Center, California, June 3, 2021. Mike Blake | Reuters If the Federal Reserve’s view on inflation prevails, a few key things have to......

The hacker group that went after one of Apple’s suppliers found a new victim

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CNBC – For more and to sign up click here Zoom In IconArrows pointing outwards The hacker group REvil has become a headache for a new victim: a 50-person firm based in Albuquerque that consults with the federal government on security-related projects. Sol Oriens, which consults for the U.S. Department......

Starbucks files trademark application for stadium naming rights

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CNBC – For more and to sign up click here Starbucks CEO Kevin Johnson speaks during the company’s annual shareholders meeting at WAMU Theater, on March 20, 2019 in Seattle, Washington. Stephen Brashear | Getty Images Starbucks filed an application with the U.S. Patent and Trademark Office earlier in June......

As America reopens, businesses—from airlines to arenas—see an uptick in bad behavior

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CNBC – For more and to sign up click here Crime’s up. Tempers are up. Across the United States, businesses are grappling with an astonishing rise in what can only be called “people behaving badly.” Retail workers have been subjected to horrifying attacks based on their race, gender identity or......

Suicide attempts among adolescent girls surge by more than 50% during pandemic, CDC says

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CNBC – For more and to sign up click here chameleonseye | iStock | Getty Images Suicide attempts surged among 12- to 17-year-olds, especially adolescent girls, during the Covid-19 pandemic and got worse the longer social distancing orders and government lockdowns persisted, according to new data from the Centers for......

Families with kids would benefit most under Biden’s proposed tax changes, report finds

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CNBC – For more and to sign up click here President Joe Biden’s proposed tax law changes are “skewed heavily” in favor of parents, a new analysis from the Urban Institute’s Tax Policy Center (TPC) finds. The report finds that all low-income households earning $26,000 or less would see their......

Moderna says it hasn’t found a link between its Covid vaccine and heart inflammation

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CNBC – For more and to sign up click here A healthcare worker holds a vial of the Moderna COVID-19 Vaccine at a pop-up vaccination site operated by SOMOS Community Care during the coronavirus disease (COVID-19) pandemic in New York, January 29, 2021. Mike Segar | Reuters Moderna has not......

Lawmakers unveil major bipartisan antitrust reforms that could reshape Amazon, Apple, Facebook and Google

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CNBC – For more and to sign up click here Amazon, Apple, Facebook and Google could be forced to overhaul their business practices under a new expansive set of antitrust reforms introduced by a bipartisan group of House lawmakers on Friday. The package of five bills, earlier reported by CNBC......

Windows 10 was supposed to be the last version of the operating system — here’s why Microsoft might have changed its mind

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CNBC – For more and to sign up click here Satya Nadella, chief executive officer of Microsoft Corp., speaks during an event in San Francisco, California, U.S., on Thursday, March 27, 2014. Nadella unveiled Office software for Apple Inc.’s iPad, laying out how he plans to more aggressively push the......

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