Founder of IRL social media app charged with defrauding investors
Abraham Shafi, the founder and CEO of Get Together, parent company of the social media app IRL, faces charges of wire fraud, securities fraud and obstruction.
Bitcoin reclaims $112,000 level as cryptocurrencies rebound: CNBC Crypto World
On today’s episode of CNBC Crypto World, crypto prices make a comeback as bitcoin crosses back above the $112,000 mark and XRP climbs above $3. Plus, Lin Dai, co-founder of Spree Finance, breaks down the firm’s new partnership with Animoca Labs for blockchain-powered rewards programs.
Santoli’s market wrap-up: Market holds on to Nvidia hope with little concern shown for Fed independence
Mike Santoli looks at the market set-up ahead of Nvidia’s earnings report.
Cracker Barrel rebrand: Why companies retreat when faced with consumer criticism
Cracker Barrel’s rebrand is just the latest example of a company making big branding decisions, then pulling back after blowback from its customer base.
YouTube-Fox standoff has high stakes as college football, NFL seasons kick off
Google’s YouTube and Fox are in a standoff over a new distribution deal, and the clock is ticking with football season starting.
FEMA employees placed on leave after criticizing the Trump administration in open letter
The letter was signed by nearly 200 FEMA employees, about three dozen of whom used their names.
Why the Trump administration’s Intel stake may not be a slam dunk for investors
Intel has essentially become a vehicle for U.S. industrial policy and investors will be taken along for the ride, according to Wolfe Research.
FDA approves new Covid shots with limits on who can get them under RFK Jr.
It’s unclear how easily patients without high risk factors will be able to get a Covid shot, and whether insurance plans will still cover them.
Watch out: These stocks are the most correlated to Nvidia as the earnings get set to hit the Street
Other semiconductors stocks could also rise in sympathy if Nvidia posts better-than-expected fiscal second-quarter results on Wednesday afternoon.
Google has eliminated 35% of managers overseeing small teams in past year, exec says
In Google’s continuing effort to run more efficiently, the company has been getting rid of managers who oversee fewer than three people.