Author: potus

Romain Costaseca | Afp | Getty ImagesBitcoin continued its rally on Thursday, hitting a brand new record high above $111,000.Bitcoin hit $111,886.41 in early trading hours in London, according to Coin Metrics, before paring some of those gains to trade at around $111,012.00 at 07:03 a.m. London.Bitcoin’s move has been “driven by a mix of positive momentum, growing optimism around U.S. crypto regulation, and continued interest from institutional buyers,” James Butterfill,  head of research for crypto-focused asset manager CoinShares, told CNBC by email.The price rise in world’s largest cryptocurrency is taking place despite a drop in U.S. stock markets on Wednesday.Bitcoin has typically correlated with…

WASHINGTON (AP) — Republicans made several eleventh-hour changes to their massive tax cut and immigration bill as they tried to win over GOP holdouts and pass the bill through the House.The revisions were unveiled late Wednesday evening, just before the House launched into an all-night session to debate and vote on the bill. President Donald Trump has urged Republicans to get behind the legislation, which enacts some of his campaign promises. If the bill clears the House, it would move to the Senate for further consideration. Among the changes that House Republicans made:— They removed the sections that authorized the…

WASHINGTON (AP) — Moving into an all-night session early Thursday, House Republicans reconvened to push ahead on their multitrillion-dollar tax breaks package, with Speaker Mike Johnson defying the skeptics within his ranks and working to muscle President Donald Trump’s priority bill to passage.Johnson and his GOP leadership team appeared confident after a lengthy White House meeting with GOP holdouts to salvage the “big, beautiful bill,” even as more Republicans announced their opposition late Wednesday. “You never know till the final vote tally, but I’m convinced we’re going to pass this bill tonight,” said Johnson, R-La., as the chamber action resumed…

WASHINGTON (AP) — Senate Republicans on Wednesday voted to establish a new precedent that will allow them to roll back vehicle emission standards in California, including a rule phasing out the sale of new gas-powered cars by 2035.The winding series of Senate procedural votes that went late into the evening could have profound implications for California’s longstanding efforts to reduce air pollution. It also established a new, narrow exception to the Senate filibuster even as Republicans have insisted that they won’t try to change Senate rules. Democrats strongly objected to the move, delaying the votes for hours as Senate Majority…

U.S. President Donald Trump sits next to Crypto czar David Sacks at the White House Crypto Summit at the White House in Washington, D.C., U.S., March 7, 2025.Evelyn Hockstein | ReutersPresident Donald Trump’s top crypto and AI advisor David Sacks said Wednesday that the administration expects the stablecoin legislation moving through the Senate to pass with “significant bipartisan support,” and claimed it could unlock demand for U.S. Treasuries.”We already have over $200 billion in stablecoins — it’s just unregulated,” Sacks told CNBC’s “Closing Bell Overtime.” “If we provide the legal clarity and legal framework for this, I think we could…

Nike shoes are seen in the King of Prussia Mall, as global markets brace for a hit to trade and growth caused by U.S. President Donald Trump’s decision to impose import tariffs on dozens of countries, in King of Prussia, Pennsylvania, U.S., April 3, 2025. Rachel Wisniewski | ReutersNike will resume selling its products directly to Amazon in the U.S. for the first time since 2019, CNBC has confirmed.The sneaker giant stopped selling its goods wholesale on Amazon six years ago as part of a push to distribute more directly to customers and have greater control over the shopping experience. At…

Hinge Health’s TrueMotion feature.Courtesy: Hinge HealthHinge Health priced its IPO at $32 per share on Wednesday, at the top end of the expected range.The digital physical therapy startup sold 8.52 million shares in the offering, raising about $273 million. The total offering was for 13.7 million shares, with the balance being sold by existing shareholders.Hinge, founded in 2014, will trade on the New York Stock Exchange under the ticker symbol “HNGE.” The company filed its initial prospectus in March and updated the document earlier this month with an expected pricing range of $28 to $32.At the IPO price, Hinge Health is worth…

(The Center Square) – State Farm, California’s largest property insurer, is seeking the remainder of its originally requested 30% rate hike after getting emergency, temporary approval for a 17% rate hike earlier this month due to cost pressures from the state’s wildfires.“While we are pleased that Commissioner Lara approved the interim rate of 17 percent for State Farm General Insurance Company, this change only addressed part of the original request of 30 percent filed in June 2024,” State Farm told Newsweek. “The overall request of 30 percent would not be on top of the 17-percent interim rate change. State Farm…

Elon Musk listens as reporters ask U.S. President Donald Trump and South Africa President Cyril Ramaphosa questions during a press availability in the Oval Office at the White House on May 21, 2025 in Washington, DC. Chip Somodevilla | Getty ImagesSen. Jeanne Shaheen urged President Donald Trump on Wednesday to require billionaire Elon Musk and special government employees of his DOGE project to certify before leaving government service that they cannot use for personal benefit any non-public government data they gained access to.Shaheen, D-N.H., in a letter to Trump, noted that the Tesla CEO Musk and DOGE employees have “unprecedented”…

TORONTO (AP) — Canadian Prime Minister Mark Carney said Wednesday his government is talking to the U.S. about joining President Donald Trump’s future Golden Dome missile defense program. The multilayered, $175 billion system would for the first time put U.S. weapons in space. Trump said the previous day he expected the system to be fully operational by the end of his term in 2029.“Is it a good idea for Canada? Yes, it is a good to have protections in place for Canadians,” Carney said. Carney confirmed he’s had talks with Trump about it and said there are discussions with senior…