FTX’s multibillion-dollar cryptocurrency blowup hasn’t destroyed all faith in the industry. In a new documentary premiering Monday, FTX customers, insiders and investors tell CNBC that despite not receiving a single dollar’s worth of cryptocurrency back, they’re optimistic on the industry and plan to keep investing. Evan Luthra, an app developer, entrepreneur and angel investor, told
Month: October 2023
World’s top luxury group LVMH head Bernard Arnault presents the group’s annual results 2022 in Paris on January 26, 2023. Stefano Rellandini | AFP | Getty Images Billionaire LVMH CEO Bernard Arnault has hit back at allegations of money laundering, after the Paris prosecutor’s office confirmed it is investigating financial transactions between Arnault and Russian
Ana Paula Cortes Courtesy: Ana Paula Cortes Ana Paula Cortes graduated from New York University in 2021 with her master’s degree in creative writing — and $100,000 in student debt. Lea este artículo en español aquí. Cortes, a U.S. citizen who grew up in Mexico, had to finance her degree on her own. She was raised
Makatla Ritchter wades through flood waters after having to evacuate her home when the flood waters from Hurricane Idalia inundated it on August 30, 2023 in Tarpon Springs, Florida. Joe Raedle | Getty Images Climate change is expected to impose “substantial financial costs” on U.S. households in the coming years, according to a new report
Minnesota and Washington are the states that provide the best services and supports for frail older adults, younger people with disabilities, and their families, according to a new study by AARP. The worst performers: Alabama and West Virginia. AARP defines superior supports and services as those that are affordable and accessible, give families a choice
There is no government shutdown—for now. On Sept. 30, 2023, with a few hours to go before midnight, the House passed a bipartisan bill to fund the government for 45 days. The bill then moved to the Senate, where it was approved. President Biden signed the bill into law on the same day. Here’s a
The American dream of homeownership has historically been symbolic of financial success. But for millennials burdened by student loan debt, it feels more elusive than ever now as student debt payments resume. While some millennials were able to cross the finish line to homeownership when mortgage rates were at record lows during the pandemic. First-time
In this article Follow your favorite stocksCREATE FREE ACCOUNT Aykut Karahan | Istock | Getty Images Shares of Structure Therapeutics rose more than 30% on Friday after the biotech startup’s experimental obesity pill succeeded in a small early-stage trial. The once-daily drug helped overweight or obese participants reduce up to 10 pounds of weight on
In this article BP.-GB SHEL-GB IINN ENI-IT TTE-FR Follow your favorite stocksCREATE FREE ACCOUNT [The stream is slated to start at 5 a.m. ET. Please refresh the page if you do not see a player above at that time.] Major oil executives, policymakers and ministers convene in Abu Dhabi at ADIPEC this week to discuss energy
Today (Friday, September 29) is National Coffee Day. More Americans drink coffee on a daily basis (63%) than any other beverage, according to the National Coffee Association. In fact, 62% drink coffee every day, and 70% drink coffee every week. If you tend to grab coffee and espresso drinks at your local coffee shop, you
Courtesy: ToysRus Toys R Us is plotting a bold comeback in the U.S., as it plans to expand its brick-and-mortar presence with as many as 24 new flagship stores and a separate rollout at airports and on cruise ships starting this holiday season. The toy retailer’s parent company, WHP Global, announced what it called the
The era of unabated “revenge travel” may be coming to a close. New reports show that, after years of inflation and rising travel costs, travelers may finally be curtailing their travel plans. A new report by the research company Morning Consult shows that travel intentions are increasing in several countries, but flatlining or falling in
In this article FDX PINS CRM ADBE MSFT Follow your favorite stocksCREATE FREE ACCOUNT Shantanu Narayen, CEO, Adobe. Mark Neuling | CNBC Investors are grappling with uncertainty after a difficult September left the major averages reeling. However, the current scenario also offers an opportunity to pick stocks that could generate attractive returns despite short-term pressures.
With its upcoming Guoco Midtown mixed-use development, GuocoLand is creating a vibrant urban hub fostering well-being, community and the future lifestyle of the people. At a time when hybrid work arrangements have become the norm and wellness a priority for many, discerning businesses and consumers are on the hunt for real estate that blends functionality
In this article K SJM HSY MDLZ PEP GIS Follow your favorite stocksCREATE FREE ACCOUNT The snack aisle is seen during a tour of a new Amazon Go store in the Capitol Hill neighborhood of Seattle, Washington, U.S., on Monday, Feb. 24, 2020. Chona Kasinger | Bloomberg | Getty Images For more than a century,
Bill Ackman, Pershing Square Capital Management CEO, speaking at the Delivering Alpha conference in NYC on Sept. 28th, 2023. Adam Jeffery | CNBC Billionaire investor Bill Ackman would “absolutely” do a deal with X, the social platform previously known as Twitter, with his newly approved investment vehicle, Ackman told The Wall Street Journal in a story
Student loan forgiveness advocates rally outside the U.S. Supreme Court building in Washington, D.C., after the nation’s high court struck down President Joe Biden’s student debt relief program, June 30, 2023. Kent Nishimura | Los Angeles Times | Getty Images Ryan Moran, a nurse in Jacksonville, Florida, hasn’t thought about his federal student loans in
“I’ve been rich and I’ve been poor, and I prefer rich,” my friend Jim Stovall told me. It’s just one of many things I learned from Jim. We co-authored a book many years ago—my first, his…who knows how many! But like millions of other readers, I was drawn to Jim’s work because of his best-selling
It’s a toss-up as to what’s more stunning: the views of the deep blue Aegean Sea and marina lined with superyachts or the chic residence itself. Yalikavak, on Turkey’s Bodrum Peninsula, is a former fishing village turned high-end resort destination. Its traditional two-story stone houses are known as Bodrum evleri or basement houses. Yalikavak originated
In this article APRN Follow your favorite stocksCREATE FREE ACCOUNT Scott Eisen | Getty Images News | Getty Images Meal kit business Blue Apron announced Friday it has agreed to sell itself to food and restaurant company Wonder Group, founded by entrepreneur Marc Lore, for $103 million. The deal, at $13 per share, represents a