Taxes, anti-business policy threaten 'economic boom,' market expert says

Biggest risk to economic boom Wealth Consulting Group CEO Jimmy Lee weighs in on the state of the markets amid tax hikes. The markets are looking to extend a three-day winning streak as earnings season rolls through, but the biggest threat to securing an economic boom is politicians inevitably hiking taxes and anti-business policy, Wealth Consulting Group CEO Jimmy Lee […]

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Steven Spielberg is partnering with Netflix

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. London (CNN Business)Netflix lost 433,000 subscribers in the United States and Canada during the second quarter, according to financial results issued after the bell on Tuesday. That’s not great news for a company that has churned out […]

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Bitcoin climbs back above $30,000

Is it smart for athletes to accept endorsements in Bitcoin? Sports agent and DLE Agency founder Doug Eldridge provides insight into Giants’ Saquon Barkley accepting all endorsement money in Bitcoin.  Bitcoin was trading more than 3% higher early Wednesday morning. The price was around $30,840 per coin, while rivals Ethereum and Dogecoin were trading around $1,869 and 17 cents per […]

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European markets head for positive open after Wall Street rebound

European stocks are expected to open higher on Wednesday, tracking positive momentum in the U.S. on Tuesday. London's FTSE is seen opening 13 points higher at 6,889, Germany's DAX 4 points higher at 15,222, France's CAC 40 up 7 points at 6,354 and Italy's FTSE MIB up 35 points at 24,091, according to IG. European stocks are expected to open higher […]

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Gold Futures Settle Slightly Higher

Gold futures settled higher on Tuesday, moving up for the first time in three sessions, as demand for the safe-haven asset increased amid concerns about growth due to surging coronavirus cases. A drop in long-term bond yields – benchmark 10-year Treasury yields hovered near five-month lows – too supported gold’s rise. However, a slightly stronger dollar capped the yellow metal’s […]

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During the pandemic, another devastating health crisis was growing

New York (CNN Business)Three opioid distributors have settled a lawsuit with New York state to the tune of over $1 billion, according to the office of NY Attorney General Letitia James. In a settlement negotiation that ran late into the night Monday, according to a source familiar with the discussions, McKesson Corporation, Cardinal Health Inc. and Amerisource Bergen Drug Corporation […]

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Stocks making the biggest moves premarket: Travelers, Halliburton, IBM, PPG & more

Check out the companies making headlines before the bell: Travelers – The insurance company earned $3.45 per share for its second quarter, easily beating the consensus estimate of $2.39. Revenue also topped forecasts, with Travelers benefiting from higher premiums, improved investment returns and lower catastrophe losses.  Nasdaq – Nasdaq shares rose 1% in the premarket after the exchange operator announced plans […]

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