Dado Ruvic/Getty Images The SEC has warned mutual fund investors of bitcoin's volatility, calling it "highly speculative." Staff will assess whether the bitcoin futures market can accommodate ETFs, the regulator said. Chairman Gary Gensler recently dampened hopes for bitcoin ETF approval. Sign up here for our daily newsletter, 10 Things […]
The average price for a gallon of regular gasoline in America has reached almost $3. That is up over 10% in a month. Because the Colonial Pipeline, which brings gasoline from Texas to much of the east coast, has been shuttered by a ransomware attack, the price will continue to […]
Nearly a third of college students say their families have been financially impacted by the Covid-19 pandemic, according to a recent survey. As a result, 19% expect to take on more debt. Some of that debt, it seems, will be on credit cards. Half of college students, 53%, are charging […]
Most Americans say that to be considered "wealthy" in the U.S. in 2021, you need to have a net worth of nearly $2 million — $1.9 million to be exact. That's less than the net worth of $2.6 million Americans cited as the threshold to be considered wealthy in 2020, […]
Good morning and welcome to your weekday morning roundup of the top stories you need to know. For more daily and weekly briefings, sign up for our newsletters here. What’s going on today: Wyoming Rep. Liz Cheney excoriated colleagues who continue to support Donald Trump. Trump, said Cheney, is on […]
President Joe Biden has set a goal of giving 70 percent of U.S. adults at least one vaccine shot and fully vaccinating 160 million adults by July 4 so that life in the United States can start to look closer to normal. The new target is said to be well […]
General Motors Co. (GM) Wednesday reported a profit for the first-quarter that surged from last year, driven by strong price and mix performance in North America, strong credit and residual value performance at GM Financial, as well as the industry recovery in China. Earnings per share topped analysts’ expectations, while […]
Dfinity Swiss nonprofit Dfinity's digital asset "Internet Computer" launched on Monday. It is already among the 10 largest cryptocurrencies with a market cap of $45 billion. The decentralized token seeks to break Big Tech's shackles on entrepreneurship. See more stories on Insider's business page. Internet Computer, a cryptocurrency launched Monday […]
London (CNN Business)A devastating ransomware attack on a critical fuel pipeline in the United States has highlighted the growing threat that cyber criminals pose to the world’s largest corporations and strategic infrastructure. It also raises a thorny question: should companies held to ransom yield to extortionists or resist making payments? […]
More than 20 top mortgage lenders at Wells Fargo have left in the past year, while four of the bank’s elite President’s Club members have left since December. Insiders described a culture of heavy oversight and clunky technology that limited their ability to do business. The most high-valued producers received […]
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