Day: September 21, 2022
A software startup backed by the venture capitalist Chamath Palihapitiya is launching a digital platform that allows companies such as mortgage lenders and home-improvement retailers to sell rooftop solar installations directly to consumers, the Wall Street Journal reported. Palihapitiya told the paper in an interview that the new law will accelerate deployment of rooftop solar […]
The crypto market continues falling. On Wednesday, the BTC is approaching $18,865. One of the most important things is an increase in the correlation between the S&P 500 index and the BTC – it’s 72% now, which is very close to the May high. What does it mean? It means that almost all risky assets […]
EURUSD is falling pressured by the “greenback”; market players are focused on the Fed meeting. The major currency pair is falling on Wednesday. The current quote for the instrument is 0.9927. All investors are focused on the Fed’s meeting to be over later in the evening, where the regulator is expected to announce its rate […]
The court accepted the plaintiffs’ requests to provide “undoubtedly important” documents in the alleged fraud case. 1931 Total views 28 Total shares The judge for the United States District Court for the Southern District of New York, Katherine Polk Failla, ordered Tether to prove 1-to-1 backing of its eponymous stablecoin, Tether (USDT). The company is […]
Charter Communications Inc. CHTR, -0.28% said Wednesday that Chris Winfrey, the company’s current chief operating officer, will take over the role of chief executive beginning Dec. 1. He will replace longtime CEO Tom Rutledge, who is retiring from the top post but staying on the board of directors through the end of his contract in […]
Peloton Interactive Inc. PTON, -1.61% and UnitedHealth Group Inc. UNH, +0.41% said Wednesday that they have expanded their relationship, to more than double the number of people who could be eligible for a Peloton App Membership. Health insurer UnitedHealth said 10 million of its UnitedHealthcare commercial members may be eligible for a one-year membership, or […]
The New York State Cannabis Control Board on Tuesday approved a proposal to allow medical cannabis patients to grow their own marijuana. Patients may grow up to three mature and three immature plants at home. Designated caregivers with two or more patients may grow up to six mature and six immature plants. Separately, the Cannabis […]
Asking rents in the U.S. were still rising, and reached a record in August, but growth has slowed for a third-straight month, according to a report from online real estate services company Redfin Corp. RDFN, -0.57%. The national median rent reached $2,039 a month in August, up 11.1% from a year ago, but that was […]
Shares of Chemours Co. CC, -3.84% sank 5.5% toward a six-month low in premarket trading Wednesday, after the specialty materials company lowered its full-year outlook due to a continued demand decline in its Titanium Technologies business. The company said it now expects 2022 adjusted earnings before interest, taxes, depreciation and amortization (Ebtida) to be between […]
Defense contractor BAE Systems BA, +4.38% was the top performing FTSE 100 stock in midday trade, rallying over 5% after Russian President Vladimir Putin announced a partial mobilization of troops and threatened the west with nuclear weapons. Gains for Shell SHEL, +2.15% and BP, +1.57% also buoyed the U.K. index UKX, +0.59%, up 0.8%.
