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Federal Reserve Chairman Jerome Powell on Wednesday said the central bank’s current trading rules are insufficient and promised that it would “make changes” after filings showed that officials traded stocks and bonds that could be influenced by its policy actions. Specifically, Powell said that Fed officials should as a general rule be barred from owning

Billionaire investor Mark Cuban is bullish on the growth of DeFi, or decentralized finance, applications, and thinks that they will pose a challenge to traditional banks. To him, the “foundational DeFi benefit is that it simplifies borrowing for personal purposes,” Cuban tweeted on Thursday in response to a debate about DeFi. “It’s a hassle to

In this article CRM DRI JOBY BIIB KBH BB Check out the companies making headlines before the bell: Darden Restaurants (DRI) — The Olive Garden parent reported earnings of $1.76 per share, higher than the $1.64-per-share forecast. The restaurant company also reported same-store sales that rose 47.5%, topping estimates. Shares rose 3% in premarket trading.

Even though the Federal Reserve didn’t raise its benchmark rate Wednesday, your borrowing costs may still start to head higher. Rising prices brought on by the economic recovery are paving the way for the central bank to unwind last year’s bond buying. While the central bank said that interest rates will stay near zero for now,

In this article SFIX The Stitch Fix application for download in the Apple App Store on a smartphone arranged in Hastings-on-Hudson, New York, U.S., on Saturday, June 5, 2021. Stitch Fix Inc. is scheduled to release earning on June 7. Tiffany Hagler-Geard | Bloomberg | Getty Images Stitch Fix shares jumped more than 18% in

NASA astronaut Douglas Hurley rehearses putting on his SpaceX spacesuit in the Astronaut Crew Quarters inside the Neil A. Armstrong Operations and Checkout Building at the Kennedy Space Center ahead of NASA’s SpaceX Demo-2 mission to the International Space Station in Cape Canaveral, Florida, U.S. May 23, 2020. Kim Shiflett | NASA | Reuters SpaceX

Elizabeth Holmes, founder of Theranos Inc., exits federal court in San Jose, California, on Tuesday, Aug. 31, 2021. David Paul Morris | Bloomberg | Getty Images SAN JOSE, CALIF. — The first patient to take the stand in trial of former Theranos CEO Elizabeth Holmes said that the company’s blood test inaccurately showed she was

In this article H ADBE SFIX FDX People walk around the International Hotel Grand Hyatt during the outbreak of the COVID-19 pandemic on May 21, 2020 in New York City. VIEW press | Corbis News | Getty Images Check out the companies making headlines after the bell Tuesday: FedEx – Shares of the shipping company

In this article SBII PTON Hydrow broadcasts some of its live content for at-home users from instructors rowing out on the water. Source: Hydrow Hydrow, the maker of a connected rowing machine, said Tuesday it has secured nearly $200 million in financing after its latest funding round with celebrity backers including Lizzo and Justin Timberlake.

Chip Somodevilla | Getty Images News | Getty Images A tax package unveiled by House Democrats would forbid individual retirement accounts from holding certain private investments typically reserved for the wealthy. While proponents think the proposal would raise investor protection and reduce an the use of an IRA as a tax shelter for the rich,

An Amazon worker delivers packages amid the coronavirus disease (COVID-19) outbreak in Denver, Colorado, April 22, 2020. Kevin Mohatt | Reuters Though the markets are off from their highs, analysts believe that several companies still have room to grow. Innovations in point-of-sale technology, acquisitions of buy now, pay later firms, and trend shifts to cloud-computing

As U.S. regulators narrow their focus on crypto markets, billionaire investor Mark Cuban predicts that stablecoins “will be the first to get regulated.” “Why? The variance in the definition by product,” he tweeted Thursday. Stablecoins are cryptocurrencies that are meant to be pegged to a reserve asset, such as gold or the U.S. dollar, to

Billionaire Peter Thiel, PayPal co-founder and chairman of Palantir Technologies, during a news conference in Tokyo, Japan, on Nov. 18, 2019. Kiyoshi Ota/Bloomberg via Getty Images Billionaire Peter Thiel and others with huge retirement account balances are in lawmakers’ crosshairs. House Democrats unveiled a tax package on Monday that would force distributions from one’s nest

SpaceX CEO Elon Musk poses with the crew before launch on September 15, 2021. John Kraus / Inspiration4 SpaceX CEO Elon Musk helped achieve the St. Jude Children’s Research Hospital fundraising goal of the Inspiration4 spaceflight, just hours after his company returned the crew from orbit. The main goal of the Inspiration4 mission, which launched

Food is served at an outdoor restaurant in New York, August 3, 2021. Caitlin Ochs | Reuters As the Delta variant has wound its way through the U.S., signs show it is also hitting the wallets of some Americans. A new report from Morning Consult finds that the Delta variant is spurring pay or income

In this article LULU Lululemon shares surged more than 13% in extended trading Wednesday after the athletic apparel maker reported fiscal second-quarter profit and revenue that topped analysts’ expectations. Consumers are shopping Lululemon stores and the company’s website for its sports bras, jogger pants and leggings for their stay-at-home wardrobes. But many are also seeking

[This webcast is scheduled to begin at 5 p.m. EDT. Please refresh the page if you do not see the video player above.] SpaceX is broadcasting a livestream from orbit on Friday, with the crew of the historic Inspiration4 mission giving an update during their second day in space. Commander Jared Isaacman, pilot Sian Proctor,

Elizabeth Holmes, CEO of Theranos, attends a panel discussion during the Clinton Global Initiative’s annual meeting in New York, September 29, 2015. Brendan McDermid | Reuters SAN JOSE, CALIF. – A former Theranos scientist testified Friday that Elizabeth Holmes pressured her to validate blood test results from the company’s Edison machine to speed up a

The Marriner S. Eccles Federal Reserve building in Washington, D.C., on Friday, Sept. 17, 2021. Stefani Reynolds | Bloomberg | Getty Images The Federal Reserve has a big meeting on tap next week, one that will be held under the cloud of an ethical dilemma and a policymaking committee that finds itself with fairly pronounced

In this article INTU New LA Clippers arena. Source: LA Clippers The Los Angeles Clippers announced on Friday a sponsorship deal with financial software company Intuit, which will hold title rights to the team’s new $1.2 billion arena, scheduled to open in Inglewood in 2024. The Clippers will call their new complex the Intuit Dome,

Mint Images – Tim Robbins As Democratic lawmakers on Capitol Hill work to bring their new reconciliation bill across the finish line, a proposal to keep the expanded child tax credit could be changed. A more generous child tax credit was authorized earlier this year by President Joe Biden and Congress to help give families

People walk by a GameStop store in Brooklyn on January 28, 2021 in New York City. Spencer Platt | Getty Images News | Getty Images Video game retailer GameStop said Wednesday its fiscal second-quarter losses narrowed as sales rose from a year ago. Shares of the company fell about 2% in extended trading. For the

The Inspiration4 crew in their SpaceX spacesuits, from left: Chris Sembroski, Dr. Sian Proctor, Jared Isaacman, and Hayley Arceneaux John Kraus / Inspiration4 KENNEDY SPACE CENTER, Florida — SpaceX is set to make history as Elon Musk’s space company prepares to launch four civilians to orbit. They will become the first full crew of non-professional astronauts to fly to

Theranos founder Elizabeth Holmes arrives at Robert F. Peckham U.S. Courthouse for opening arguments in her trial, in San Jose, California, September 8, 2021. Peter DaSilva | Reuters SAN JOSE, CALIF. – Elizabeth Holmes was the founder and face of Theranos, but when it came to the company’s laboratory, she relied on her highly qualified

NICHOLAS KAMM | AFP | Getty Images The uber rich may be cheering House Democrats’ proposed tax reforms on investment income relative to the Biden administration’s earlier plan. The White House called for a 39.6% top federal tax rate on long-term capital gains and dividends — nearly double the current 20%. Long-term capital gains tax

In this article WMT F Ford Motor plans to launch its self-driving vehicle businesses in 2022 with vehicles based on its Escape Hybrid crossover. Ford Walmart is expanding its self-driving vehicle program to include Ford Motor and Argo AI, an autonomous car start-up backed by the automaker. The companies said Wednesday that the collaboration will

Drew Angerer | Getty Images News | Getty Images Households earning $1 million or more would see their taxes rise by almost 11%, on average, in 2023 due to reforms proposed by House Democrats, according to Joint Committee on Taxation estimates published Tuesday. They’d pay an extra $96,000 that year, and their average tax rate

In this article ORCL Oracle CEO Safra Catz delivers a keynote address during the 2019 Oracle OpenWorld on September 17, 2019 in San Francisco, California. Oracle CEO Safra Catz kicked off day two of the 2019 Oracle OpenWorld with a keynote address. The annual convention runs through September 19. Justin Sullivan | Getty Images Oracle

In this article APO Marc Rowan, co-founder and senior managing director of Apollo Global Management LLC, speaks at the annual Milken Institute Global Conference in Beverly Hills, California, U.S., on Tuesday, April 29, 2014. Patrick T. Fallon | Bloomberg | Getty Images The high inflation readings for the U.S. economy are showing up in every

Self-awareness is an important workplace trait — and, as CNBC’s Shepard Smith says, a potentially double-edged sword. “I am not here to be your token,” Smith recently said at the Association of LGBTQ Journalists 2021 National Convention. “I don’t want to be the gay journalist, I want to be the journalist who is gay.” Smith,