Stocks Climb Ahead of Tech Earnings

US stocks rose Thursday, putting the Dow Jones Industrial Average on course for a fifth consecutive day higher, as shares of companies from technology to financials to the consumer sectors advanced. The blue chips added 1.6%, or about 660 points, while the S&P 500 gained 1.9%. The tech-heavy Nasdaq Composite climbed 2.6%, helped by gains … Read more

5 things to know before the stock market opens Thursday

Here are the most important news, trends and analysis that investors need to start their trading day: 1. Stock futures higher as Wall Street looks to break losing streaks Traders work on the floor of the New York Stock Exchange (NYSE) on May 18, 2022 in New York City. Spencer Platt | Getty Images US … Read more

Crypto is dead. Long live crypto

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. London CNN Business – The deepening chasm between the crypto evangelists and naysayers may never have been … Read more

Sequoia coaches start-ups to cut costs or face a ‘death spiral’

One of Silicon Valley’s most successful venture capital firms does not see the economy bouncing back anytime soon and is warning portfolio companies to tighten their belts in the meantime. In a 52-page presentation seen by CNBC, the Sequoia lays out a litany of risks making it harder for founders to raise money and operate. … Read more

Crypto is dead. Long live crypto

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. London CNN Business – The deepening chasm between the crypto evangelists and naysayers may never have been … Read more

This eclipse-like event is why bitcoin could reach $ 100,000 by next year, says forecaster with a solid record on the crypto

Stocks are settling in for more choppy action, as investors continue to consider the Federal Reserve minutes and after Nvidia dropped a warning late Wednesday. But we’re switching away from Wall Street’s tug of war to focus on cryptocurrencies, and a call from the president of macroeconomic research firm Lamoureux & Co., Yves Lamoureux, who … Read more

Here’s everything coming to Netflix in June 2022 – and what’s leaving

June on Netflix is ​​more than just the shoulder season between seasons of “Stranger Things,” especially on the international front. The cult hit British crime drama “Peaky Blinkers” (June 10), which aired in the UK earlier this year, returns for its sixth and final season. The violent exploits of the early-20th-century Birmingham gang pick up … Read more

Nvidia stock drops as China COVID shutdowns weaken outlook

Nvidia Corp. shares fell in the extended session Wednesday after COVID shutdowns in China and the war in Ukraine shaved half a billion dollars off the chip maker’s outlook for the current quarter, while the company reported record results. For the fiscal second, or current, quarter, Nvidia NVDA, + 5.08% forecast revenue of $ 7.94 … Read more

Rapid grocery delivery start-ups Getir, Gorillas slash jobs

Fears of an impending recession are forcing rapid grocery delivery companies to slam the brakes on growth. This week, two of the largest instant grocery apps, Getir and Gorillas, announced decisions to lay off hundreds of employees. Another firm, Zapp, said it is proposing redundancies in its UK team. Getir told staff Wednesday that it … Read more

Here’s everything coming to Netflix in June 2022 – and what’s leaving

June on Netflix is ​​more than just the shoulder season between seasons of “Stranger Things,” especially on the international front. The cult hit British crime drama “Peaky Blinkers” (June 10), which aired in the UK earlier this year, returns for its sixth and final season. The violent exploits of the early-20th-century Birmingham gang pick up … Read more