CIA believes Covid-19 likely caused by lab leak, NBC News reports
“CIA continues to assess that both research-related and natural origin scenarios of the COVID-19 pandemic remain plausible.” Source link
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Trump’s crypto policy announcements spur industry optimism
Announcements by the Trump Administration in its first official week are creating new opportunities for the crypto industry. Following acting Securities and Exchange Commission Chair Mark Uyeda’s launch of a crypto task force on Tuesday, President Donald Trump signed an executive order promoting the advancement of cryptocurrencies in the U.S. Now, industry experts are considering…
China-made BYD Shark pickup is a predator circling global truck market
BYD Shark plug-in hybrid electric pickup truck Michael Wayland / CNBC DETROIT — There’s a Shark circling one of the greatest profit pools for American automakers globally, as Chinese automaker BYD Auto expands its reach and product portfolio with a pickup truck. Without the vehicle’s branding badge, the BYD Shark could pass as an American-made…
These are the most overbought stocks on Wall Street as the S&P 500 trades at record highs
Although the S & P 500 managed to touch a new all-time high this week, there are signs that certain stocks could be due for a pullback. The broad market index rose to fresh record highs this week on Thursday, gaining around 2% in that time. That marked the first consecutive weekly advance for the…
JetBlue offers some pilots early retirement packages, union says
A passenger arrives at Ronald Reagan Washington National Airport on November 21, 2023 in Arlington, Virginia. Alex Wong | Getty Images JetBlue Airways is offering early retirement packages to some of its pilots, their labor union told members on Friday. The carrier has been working to cut costs and raise up revenue with initiatives such…
Trump third-term amendment tough to pass: Harvard Law professor
U.S. President Donald Trump speaks to journalists as he signs executive orders in the Oval Office of the White House in Washington, D.C., on Jan. 20, 2025. Jim Watson | AFP | Getty Images A newly introduced constitutional amendment that would allow President Donald Trump to be elected to a third term in the White…
SEC revokes unpopular banking rule that blocked Wall Street banks from adopting crypto
After years of lobbying by the crypto industry, the U.S. Securities and Exchange Commission has rescinded an accounting rule that forced banks to treat bitcoin and other tokens as a liability on their balance sheets. The guidance was a major deterrent to Wall Street banks owning bitcoin — and was the latest in a string…
Meta to begin testing ads on Threads, its micro-blogging app
Thilina Kaluthotage | Nurphoto | Getty Images Meta will begin testing ads on its Threads microblogging service with a few companies in the U.S. and Japan, the company said in a blog post Friday. The experiment marks Meta’s first run at generating revenue from Threads. Meta launched the app in July 2023 to rival X,…
Twilio shares pop 22%, head for biggest gain since 2020 on growth forecast
Twilio CEO Khozema Shipchandler speaks at Twilio’s Signal event in Sao Paulo on Aug. 14, 2024. Courtesy: Twilio Twilio shares soared more than 20% on Friday and headed for their biggest gain since the early days of the Covid pandemic after the cloud communications software vendor issued an uplifting profit forecast for the coming years. The…
The Fed may hold interest rates steady. Here’s what that means to you
The Federal Reserve is expected to hold interest rates steady at the end of its two-day meeting next week, despite President Donald Trump’s comments on Thursday that he’ll “demand that interest rates drop immediately.” So far, the central bank has moved slowly to recalibrate policy after hiking its key benchmark 5.25 percentage points between 2022 and 2023 in an…