Digital render of NEOM's The Line project in Saudi ArabiaThe Line, NEOMIn Saudi Arabia's northwestern desert, a sprawling construction site replete with cranes and pile drivers sits encircled by a recently-built road. A pair of tracks cuts through the site like deep gashes through the sand, comprising the spine of...
Month: November 2024
Crypto investor pays $6 million for a banana โ and plans to eat it
A version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox.Crypto investor Justin Sun paid $6.2 million for a banana duct-taped to a wall, highlighting the soaring values of...
Gap shares surge as it raises guidance, touts ‘strong start’ to holiday
Hurricanes and unseasonably warm weather hit sales at Gap during its fiscal third quarter, but the apparel company still posted better-than-expected results, leading it to raise its annual guidance for a third time this year. Gap, which runs Old Navy, Banana Republic, Athleta and its namesake banner, is now expecting fiscal...
Acurx Pharmaceuticals to add up to $1 million in bitcoin for treasury reserve, following MicroStrategy’s playbook
Thomas Trutschel | Photothek | Getty ImagesThe board of Acurx Pharmaceuticals on Wednesday approved the purchase of up to $1 million in bitcoin to hold as a treasury reserve asset.Shares of the company were last lower by more than 6% after spiking about 8% in premarket trading."As demand for bitcoin grows, and...
The founder of the biggest gold ETF is still bullish 20 years later
The founder of the first gold-tracking ETF is still bullish on the commodity two decades later."Things are looking good for the rest of this year and for next year," George Milling-Stanley told CNBC's "ETF Edge" this week.The State Street chief gold strategist highlighted demand from both central banks and individual...