Business

Bitcoin is nearing the $50,000 milestone after last week's Tesla-fueled surged

15 days ago   |   By Business Insider

Summary List Placement Amid a renewed buzz around cryptocurrencies, Bitcoin is nearing the $50,000 milestone, a would-be record high. Bitcoin hit a high of $49,716.44 Sunday morning, according to Coindesk .
Last week, Bitcoin surged from around $37,000 to $47,000 as high-profile investors entered the fray. Bitcoin was trading at $48,344.62 as of 10:30am ET on Sunday.
Tesla bought $1.5 billion in Bitcoin in January , prompting at 16% surge after the purchase was disclosed Monday morning. A Morgan Stanley investment arm is also considering a bet on bitcoin, according to Bloomberg. And BNY...
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Cathie Wood's Ark Invest snaps back with near record inflows following a...

Cathie Wood's Ark Invest snaps back with near record inflows following a week of outflows amid tech decline

Summary List Placement Cathie Wood's Ark Invest bounced back from record outflows last week with near record inflows, according to data compiled by Bloomberg. The Ark... Read more ...

Nike exec Ann Hebert departs after ties to son's sneaker business revealed

Nike exec Ann Hebert departs after ties to son's sneaker business revealed

A top Nike executive has stepped down after she was linked to her son's lucrative sneaker-flipping business. Ann Hebert, the sportswear giant's vice president and general... Read more ...

All of Apple's 270 stores in the US are now open for the first time since...

All of Apple's 270 stores in the US are now open for the first time since March 2020

Summary List Placement Apple has opened all of its US stores for the first time in just under a year, 9to5 Mac reports. On March 13, 2020, Apple closed all of its stores... Read more ...

6 books, nix books: Dr. Seuss works halted for racist images

6 books, nix books: Dr. Seuss works halted for racist images

BOSTON - Six Dr. Seuss books - including “And to Think That I Saw It on Mulberry Street” and “If I Ran the Zoo” - will stop being published because of racist and insensitive... Read more ...

Biden refused to sanction MBS over Khashoggi's murder because he doesn't...

Biden refused to sanction MBS over Khashoggi's murder because he doesn't want his relationship with Saudi Arabia to get worse, officials say

Summary List Placement President Joe Biden declined to punish Saudi Crown Prince Mohammed bin Salman for ordering the murder of Jamal Khashoggi because he wants to reset his... Read more ...

We got an exclusive look at the pitch deck dental insurance startup Beam...

We got an exclusive look at the pitch deck dental insurance startup Beam used to raise $80 million

Summary List Placement Digital first dental insurance startup Beam has raised an $80 million Series E funding round. Founded in 2012, Beam Dental offers a digital platform to... Read more ...

Fauci says the US won't change its vaccine strategy to delay second doses...

Fauci says the US won't change its vaccine strategy to delay second doses, unlike countries like the UK

Summary List Placement Dr. Anthony Fauci said the US won't delay the second coronavirus dose, despite promising signs in places like the UK which are adopting that... Read more ...

Chicago restaurants lobby to expand indoor dining capacity to 50%

Chicago restaurants lobby to expand indoor dining capacity to 50%

As COVID-19 lockdowns linger into a second year, wage earners and big businesses alike are still feeling the financial fallout. While the news on the convention front hasn't... Read more ...

A Proud Boys leader acquired a lookalike's passport to possibly flee the...

A Proud Boys leader acquired a lookalike's passport to possibly flee the country following Capitol attack, court documents say

Summary List Placement One Capitol rioter may have been planning a duplicitous international getaway following the January 6 siege. Ethan Nordean, a leader in the far-right... Read more ...

A third woman says Gov. Cuomo made unwanted advances towards her at a wedding

A third woman says Gov. Cuomo made unwanted advances towards her at a wedding

Summary List Placement A third woman has said that New York Governor Andrew Cuomo made unwanted advances towards her. Anna Ruch told The New York Times that in September 2019... Read more ...