By Michael Tedder Are big changes coming to the top of the ever-cautious company? Few companies have the stability at the top that Costco (COST) – Get Costco Wholesale Corporation Report does. CEO Craig Jelinek has held the position since 2012 and had …
Crypto Lobbying Leapt 116% Last Year. Here’s Who Paid the Most.
By Rob Lenihan Many lobbyists are so-called “revolvers,” meaning that they are particularly well-connected and understand government decision making. Spending on crypto lobbying surged 116% in the last year, according to a new study, and could reach $1…
Goldman Sachs, Citigroup Say a Quarter-Point Fed Hike is Most Likely
By Veronika Bondarenko Economists and officials are predicting not one but four rate hikes before the end of the year. Every day seemingly brings more anticipation of the Fed raising rates — with inflation at a 39-year high, some economists and officia…
A Peloton Deal Would Be Major Coup for Apple: Wedbush
By Vidhi Choudhary Another rival getting their hands on Peloton would be a business model risk for Apple’s healthcare segment and future endeavors, Wedbush noted. If tech giant Apple (AAPL) – Get Apple Inc. Report needed a nudge to bid for fitness-equi…
Casino Developers Want to Gamble on New York City
By Michael Tedder New York State Governor Kathy Hochul has indicated a state moratorium on casinos may be on the horizon. Will casino developers be able to roll the dice in New York City soon? New York state has a ban on new casinos until 2023, but Gov…
51% Americans Say They Have Unwanted Subscriptions
By Veronika Bondarenko Ever subscribed for a free steaming trial and ended up unwittingly paying for the service for months? Ever subscribed for a free steaming trial and ended up unwittingly paying for the service for months? You’re far from alone. A …
Tesla Could Buy More Crypto Despite Headwinds
By Luc Olinga Elon Musk’s company suffered an impairment loss of $101 million in 2021 linked to bitcoin, but it continues to believe in the future of crypto. The recent tremors in the crypto market haven’t changed Tesla’s confidence in bitcoin. On the …
Crypto Goes Mainstream As Exchanges Buy Super Bowl Ads
By Dan Weil Crypto’s Super Bowl advertisers include Coinbase Global, FTX and Crypto.com and Bitbuy will all make their pitches to consumers on Sunday. The crypto world continues to march into the mainstream. Four cryptocurrency exchanges reportedly are…
JPMorgan Strategist Skeptical of Bitcoin
By Dan Weil ‘Bitcoin’s volatility continues to be ridiculously high, and its volatility often rises along with stock market volatility,’ a JPMorgan Michael Cembalest says. Michael Cembalest, chairman of investment strategy for JPMorgan, is skeptical ab…
Tesla and Musk in the SEC’s Crosshairs (Again)
By Luc Olinga The SEC issued a subpoena to the EV maker, seeking information related to the settlement reached on the 2018 Tweetgate affair. Tesla (TSLA) – Get Tesla Inc Report is not done with the regulators regarding its whimsical boss’s famous Septe…