Elizabeth Holmes, founder and CEO of Theranos Mike Blake | Reuters SAN JOSE, CALIF. — In a surprise announcement, the government said Wednesday that it would likely rest its case next week against former Theranos CEO Elizabeth Holmes in her criminal fraud trial. “It is likely that the government will rest next week,” Jeffrey Schenk,
The SpaceX Crew-3 astronauts stand on the transporter in front of the Crew Dragon and Falcon 9 stack inside the SpaceX horizontal processing facility at Kennedy Space Center in Florida on Oct. 26, 2021. SpaceX Elon Musk’s space company is set to launch the Crew-3 mission for NASA on Wednesday evening, in the fifth SpaceX crewed
For Washington Wizards professional basketball player Spencer Dinwiddie, investing in cryptocurrency is a layup. “I look at it as the birth of a new asset class,” Dinwiddie told CNBC’s Kelly Evans during Wednesday’s Your Money event. “How many times in history does that happen?” He went on to say that cryptocurrencies are a place where
A property for sale in Monterey Park, California Frederic J. Brown | AFP | Getty Images Mortgage rates fell for the second straight week last week, and that helped boost refinance demand for the first time in a while. As a result, total mortgage application volume rose 5.5% last week compared with the previous week,
In this article RIDE 2317-TW Lordstown Motors gave rides in prototypes of its upcoming electric Endurance pickup truck on June 21, 2021 as part of its “Lordstown Week” event. Michael Wayland / CNBC Taiwan-based electronics manufacturer Foxconn is moving ahead with a plan to acquire a Lordstown Motors vehicle assembly plant in Ohio for $230 million,
In this article DIS A stunning firework show is held at the Magic Kingdom Park in Walt Disney World Resort on July 1, 2021 in Lake Buena Vista, Florida. . Liao Pan | China News Service | Getty Images Disney is set to report fiscal fourth-quarter earnings after the bell Wednesday. Here are the key
A trader works on the floor of the New York Stock Exchange (NYSE) November 8, 2021. Brendan McDermid | Reuters U.S. stock futures were steady in overnight trading on Wednesday following a tech-driven sell-off on Wall Street. Dow futures fell just 19 points. S&P 500 futures gained 0.05% and Nasdaq 100 futures rose 0.05%. Disney
Tim Cook’s company may have made your phone or laptop — but the Apple CEO says he’s worried about the amount of time you’re probably spending on it. “If you’re scrolling mindlessly or letting yourself being spun up on negativity, I think this is bad,” Cook, 61, told CNBC’s Andrew Ross Sorkin at the New
[The webcast is scheduled to begin at 4:45 p.m. ET. Please refresh the page if you do not see the player above.] Elon Musk’s SpaceX is planning to launch four astronauts to the International Space Station from Florida on Wednesday, as the company keeps up a steady pace of crewed missions. Known as Crew-3, the
Investors worried about inflation should consider tilting their portfolios toward areas of the market that tend to do well when prices pick up, according to Gargi Pal Chaudhuri, head of iShares investment strategy, Americas at BlackRock. “So looking at commodity producers, looking at financials — more recently, looking at infrastructure — that has been an
A Social Security Administration office in San Francisco. Getty Images If you plan properly, you may be able to boost your Social Security retirement benefits. And newly redesigned benefit statements from the Social Security Administration may help you do exactly that. That goes for workers of all ages who contribute to the program — from
During the Covid pandemic, home prices have shot up nearly nationwide while household income fell. As a result, homeownership became out of reach for many would-be buyers. However, affordability was a growing problem well before 2020 and the start of the pandemic. In the last decade, the median home price rose roughly 30% and incomes