Rep. Bruce Westerman: Don't blame COVID — soaring lumber costs hammering Americans were decades in the making

New home prices skyrocket amid lumber shortage The cost of lumber is skyrocketing, causing new home prices to surge amid the coronavirus pandemic. FOX Business’ Grady Trimble with more. When COVID-19 kept millions of Americans home, many of us spent our free time checking off home improvement projects that had been on our lists for years. Updated shelves, a new […]

» Read more

Bitcoin miner CEO: Industry is moving toward carbon neutral

Hong Kong (CNN Business)Bitcoin’s value shot up after El Salvador became the world’s first country to accept it as legal tender. As of 3:30 a.m. ET on Thursday, the virtual currency was trading at $36,849 per coin, jumping about 7.9% over the last 24 hours, according to CoinDesk. Salvadorian lawmakers made history on Wednesday by approving a proposal from President […]

» Read more

Cathie Wood’s ARK Invest Buys for 6\/9

The broad markets more or less traded sideways for most of the day on Wednesday but slid lower into the close. ARK Investors ended the day mostly negative with one major exception. ARKG performed the best out of the group, up about 1.3%, while ARKQ lagged the rest of the group down about 0.9%. The gains from last year are […]

» Read more

GameStop’s big day as shares sit with 1,492% annual gain

SEC scrambling to deal with meme stock mania: Sources Sources tell FOX Business’ Charlie Gasparino that securities lawyers says SEC looking at possible manipulation cases that will be difficult to prosecute. With GameStop shares up over 1,492% this year alone, investors are in-line for a busy day.  The company is set to hold its annual shareholder meeting and the video […]

» Read more

Sensex, Nifty start on positive note; SBI, HDFC lead gains

In the previous session, Sensex slipped 52.94 points or 0.10% to 52,275.57, and Nifty declined 11.55 points or 0.07% to end at 15,740.10. Equity benchmarks Sensex and Nifty started on a positive note on June 9 tracking gains in index majors HDFC twins and SBI amid strong foreign fund inflow. The 30-share BSE index was trading 80.72 points or 0.15% […]

» Read more

Stock futures are flat as S&P 500 remains range-bound near record

Stock futures were flat in overnight trading on Tuesday after Wall Street appeared range-bound near its record levels. Futures on the Dow Jones Industrial Average were little changed. S&P 500 futures and Nasdaq 100 futures also held steady. The S&P 500 and the blue-chip Dow both closed near the flatline on Tuesday. The broad equity benchmark is now just 0.3% […]

» Read more

Americans made $4B in bitcoin profits in 2020 – more than any other country, analysis shows

E11EVEN Miami hotel co-founder on success of Bitcoin as payment E11EVEN Hotel and Residences co-founder Marc Roberts on accepting Bitcoin as payment, adding he’s ‘very encouraged’ by the future. The year 2020 may be remembered as the year bitcoin went mainstream.  A new study from Chainanalysis shows that Americans pocketed a whopping $4.1 billion in bitcoin profits last year – […]

» Read more

Elon Musk meets with bitcoin miners about energy use

Hong Kong (CNN Business)Bitcoin is plummeting yet again. The cryptocurrency has fallen roughly 8% over the past 24 hours, according to Coindesk, and was trading near $33,200 at 4:45 a.m. ET on Tuesday. Other digital currencies, including ethereum and dogecoin, also fell around 8% or more. The value of bitcoin has tanked more than 40% over the last month during […]

» Read more
1 2 3 92