The Bank of New York Mellon on Wall Street, New York. Scott Mlyn | CNBC Bank of New York Mellon, the nation’s oldest bank, said Thursday that it will begin financing bitcoin and other digital currencies. The custody bank will eventually allow digital currencies to pass through the same financial network it currently uses for
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How the Banana Republic Credit Card Works If you’re a frequent shopper at Banana Republic, you’ve probably been informed about the store’s credit card at the checkout counter or seen advertisements for the credit card online, along with a promise of a discount on the day’s purchases. Banana Republic actually offers two credit cards: The
There are really not a lot of secrets in stocks anymore. At one time, a company like Foresight Autonomous (NASDAQ:FRSX) may have traded under the radar. But that’s not the case in 2021; the company is well-known by the trading community and FRSX stock has delivered the gains to prove it. Source: Olivier Le Moal
With meme stocks, meme culture has finally hit Wall Street. What’s a meme stock? In short, a stock, popular with millennial-aged retail traders, that trades more on hype than its underlying fundamentals. This hype could be generated on Reddit’s WallStreetBets forum. It could also come from social media platforms like Twitter (NYSE:TWTR), or StockTwits. Meme
Solar stocks have been popping recently and for good reason. According to the International Energy Agency, in the next 10 years solar output will create a surge in the renewable power supply. A report by Wood Mackenzie also estimates that solar energy will become the cheapest form of U.S. power by fiscal year 2030. Given
A bitcoin ATM is seen inside the Big Apple Tobacco Shop on February 08, 2021 in New York. Michael M. Santiago | Getty Images Pressure is building on Wall Street banks to accept bitcoin as a legitimate asset class – and it’s coming from within, CNBC has learned. Last month, during a town hall meeting
How the Shell Fuel Reward Card Works Royal Dutch Shell, also known simply as Shell, is one of the oldest and most recognizable brands in the world. The company was established in 1897 as the Shell Transport and Trading company and sold kerosene to customers in Asia. The company operates in 70 countries globally and produces more
There’s a lot going on on Wall Street and BlackBerry (NYSE:BB) has been caught up in the mix. At one point last month, BB stock gained almost 300% as it rallied in nine straight sessions. Source: Michael Vi / Shutterstock.com What in the world is going on? BlackBerry stock has been caught up in the
Controversial Palantir (NYSE:PLTR) stock is up 236% in three months, prompting overvaluation concerns. I have written a couple of times on the company. It’s no secret that I am bullish on PLTR stock, considering the business model and its client list. However, shares are trading at 303 times forward price-to-earnings, and there is no shortage
It’s common knowledge that investing in undervalued stocks can generate some juicy returns over the long haul. However, the tricky part is investing in the right stocks at the right time. Investors often favor certain sectors over others and undervalued stocks tend to be in the latter category. Although 2021 is shaping up to be
EBay Inc. signage is displayed at the entrance to the company’s headquarters in San Jose, Calif. David Paul Morris | Bloomberg | Getty Images Is the market gearing up for a pullback? A correction for stocks could be on the horizon, says strategists from Bank of America, but this isn’t necessarily a bad thing. “We
A photo illustration shows the suspended Twitter account of U.S. President Donald Trump on a smartphone at the White House briefing room in Washington, U.S., January 8, 2021. Joshua Roberts | Reuters Check out the companies making headlines in midday trading. General Motors – Shares of the legacy automaker dropped about 3.5% after the company
Stocks are down roughly 10% in just one week’s time and there is still plenty of worry over China right now. Eric Dutram takes a look at several inverse ETFs which have gained more roughly 10% in the past week and could be poised for more gains if the turmoil continues. However, Eric also cautions
The Goodyear Credit Card from Goodyear Tire & Rubber Company (NASDAQ: GT) offers financing for tires and other products and services purchased at Goodyear locations, and can also be used at Exxon and Mobil gas stations (and Exxon/Mobil stations). Offered through Citibank, the card has some perks, including zero-interest payments for up to six months
Tesla (NASDAQ:TSLA) has a brand new problem, and it’s a big one. You’d never know it by looking at the soaring Tesla stock price, but the Chinese government isn’t pleased with Tesla. Following Tesla’s second recall in less than a year in China, the Chinese government publicly warned Tesla that Communist Party regulators aren’t as
Once upon a time, electric trucking company Hyliion (NYSE:HYLN) was a Wall Street darling. Investors were wowed by the company’s breakthrough renewable natural gas (or RNG) technology, and its potential to address the shortcomings of electric and hydrogen technology in long-haul trucking. From June to September 2020, HYLN stock soared from $10 to $55. Then
Lion Electric, which manufactures electric vans and buses, has agreed to merge with Northern Genesis Acquisition (NYSE:NGA) a special acquisition company (or SPAC), by the end of the current quarter. Given the high valuation of NGA stock, along with the tough competition that Lion will face, the fact that it has not yet made very
U.S. President Donald Trump at the White House in Washington, D.C., October 18, 2019. Leah Millis | Reuters A CNBC survey conducted in the days before former President Donald Trump’s impeachment trial finds a large share of Republicans want him to remain head of their party, but a majority of Americans want him out of
Check out the companies making headlines before the bell: PepsiCo (PEP) – The beverage and snack giant beat estimates by a penny with adjusted quarterly earnings of $1.47 per share, and revenue was above estimates as well. The company said it expects to see organic revenue and adjusted profit growth this year, and also announced
What Is the Racial Wealth Gap? The racial wealth gap refers to the difference in wealth among different racial or ethnic groups. The term covers the disparities in access to opportunities, means of support, and resources. Federal surveys reveal that a large disparity exists in the United States among these groups. Data from the 2019