CNBC’s Jim Cramer on Wednesday called on billionaires in the U.S. to more vocally support reforms to the nation’s tax code, in attempt to stave off more-liberal legislative proposals from politicians in Washington. “This administration doesn’t like you, so come up with something proactively that makes it so you are not being taxed in the way [Sen.]
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A GameStop store is pictured in New York, January 29, 2021. Carlo AllegriI | Reuters GameStop shares climbed after the videogame retailer said it sold five million additional shares, raising $1.13 billion in capital to accelerate growth. The original Reddit favorite meme stock jumped 9% in premarket trading on Tuesday after the company announced the
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Crypto investor Mike Novogratz told CNBC on Tuesday that bitcoin faces near-term uncertainty after falling below $30,000, but he maintained a long-term positive outlook. Bitcoin has struggled in the past two months, after notching an all-time high in April near $65,000. The weakness in recent days comes as reports indicated China took further steps to
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Longtime crypto bull Meltem Demirors reiterated her confidence in the cryptocurrency Tuesday, telling CNBC she believes the correction in bitcoin is simply weeding out the investors with “paper hands.” Paper hands is a term used in the crypto community to characterize people who sell a digital asset such as bitcoin when turbulence strikes markets. It’s
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In this article IVZ Thiago Prudencio | LightRocket | Getty Images As the Securities and Exchange Commission defers signing off on bitcoin exchange-traded funds, some companies are exploring other ways to meet investors’ growing demand for cryptocurrency. The SEC on Wednesday pushed another decision to approve Van Eck’s bitcoin ETF, extending the review and asking
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Representations of the Bitcoin cryptocurrency are seen in this illustration picture taken June 7, 2021. Egdar Su | Reuters MicroStrategy said Monday it owns more than 100,000 bitcoins after completing another purchase round, this time spending roughly $489 million on 13,005 tokens. Shares of the Virginia-based enterprise software company were down more than 6% in
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Dutch fintech start-up Mollie’s payments platform in action. Mollie LONDON — Mollie was a relatively little-known company before Covid-19. Now, it’s one of Europe’s biggest fintechs. The Amsterdam-based online payments processor finally became a “unicorn” valued at more than $1 billion in September, more than a decade after it was founded by Dutch entrepreneur Adriaan
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Coronavirus safety posters are displayed in the window of the Sondheim Theatre on June 14, 2021 in London, England. Prime Minister Boris Johnson has confirmed a four-week delay to the final easing of coronavirus restrictions following concern over the virus’s Delta variant and rising infection rates. Rob Pinney | Getty Images The highly contagious delta
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