Brad Garlinghouse, chief executive officer of Ripple, speaks during the CoinDesk 2022 Consensus Festival in Austin, Texas, US, on Saturday, June 11, 2022. Jordan Vonderhaar | Bloomberg | Getty Images Cryptocurrency company Ripple announced on Friday it will acquire Fortress Trust, a startup specializing in crypto infrastructure, giving it a license in Nevada and allowing … Read more
Spencer Platt | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here. Beset by worriesMajor U.S. indexes tumbled, weighed down by losses in … Read more
A woman walks past JPMorgan Chase & Co’s international headquarters on Park Avenue in New York. Andrew Burton | Reuters This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you … Read more
CNBC’s Jim Cramer said Tuesday that he remains a fan of On Holding (ONON), despite Wall Street’s sour response to the Swiss sportswear firm’s second-quarter earnings. Shares of On Holding plunged 17% Tuesday, to under $29 each. Last week, On Holding stock closed at a 2023 high of $36.51 a share. Cramer shrugged off foreign-exchange … Read more
A shopper leaves a Nike store along the Magnificent Mile shopping district with a purchase in Chicago, Dec. 21, 2022. Scott Olson | Getty Images USA Gymnastics and Nike have reached an agreement on a sponsorship deal that will make the athletic giant the exclusive apparel and footwear provider for the men’s and women’s national … Read more
A bipartisan push in Washington to clamp down on credit card fees is pitting retailers like Walmart against network payment processors such as Visa. Bipartisan support for the Credit Card Competition Act has surged since it was introduced last year. “It’s time to inject real competition into the credit card network market, which is dominated … Read more