Although the implosion of one of the world’s largest cryptocurrency exchanges has left many investors shaken, billionaire Mark Cuban still believes in crypto. Cuban has remained invested in crypto because he believes in smart contracts, one of the key underlying technologies that allow crypto transactions to be made, he explained …

Theranos founder Elizabeth Holmes was sentenced Friday to more than 11 years in prison for fraud after deceiving investors about the purported efficacy of her company’s blood-testing technology. She was ordered to surrender on April 27. Holmes was convicted in January in the U.S. District Court for the Northern District …

The LGBTQ social networking platform Grindr puts on a public show outside of the New York Stock Exchange (NYSE) as the company goes public following its merger with special purpose acquisition company (SPAC) Tiga Acquisition Corp. on November 18, 2022 in New York City. Spencer Platt | Getty Images Traders, …

Robert Mercer and Rebekah Mercer attend the 2017 TIME 100 Gala at Jazz at Lincoln Center on April 25, 2017 in New York City. Patrick McMullan | Getty Images GOP megadonors Robert and Rebekah Mercer have no current plans to help former President Donald Trump’s 2024 campaign for the White …

U.S. Attorney General Merrick Garland on Friday named former federal prosecutor Jack Smith as special counsel for two ongoing criminal investigations by the Department of Justice of former President Donald Trump. Smith’s appointment came three days after Trump, a Republican, announced plans to run for president in 2024. Trump’s move …

A trader watches as Federal Reserve Chair Jerome Powell speaks on a screen on the floor of the New York Stock Exchange (NYSE), November 2, 2022. Brendan McDermid | Reuters St. Louis Federal Reserve President James Bullard suggested on Thursday that the central bank might have to raise short-term interest …

It’s no secret that it’s a tough market for prospective home buyers. In October, U.S. buyers needed to earn $107,281 to afford the median monthly mortgage payment of $2,682 for a “typical home,” Redfin reported this week.  That’s 45.6% higher than the $73,668 yearly income needed to cover the median …

Violetastoimenova | E+ | Getty Images The Fed aims for a 2% annual rate of inflation While inflation is a normal part of an economy, the current rate is far above the Federal Reserve’s target of 2%. So far this year, the Fed’s rate-setting committee has boosted a key interest …

Pedestrians pass in front of a GAP store in New York. Scott Mlyn | CNBC Check out the companies making headlines in midday trading. Ross Stores — Ross Stores jumped 10% after a quarterly beat on earnings and revenue. The company was also named by Credit Suisse as its top …

U.S. President Joe Biden speaks about student loan debt at the White House on Aug. 24, 2022 in Washington, DC. Alex Wong | Getty The Biden administration on Friday asked the Supreme Court to reinstate its federal student loan program after a federal appeals court issued a nationwide injunction against …