GameStop analyst calls stock surge a pyramid scheme and says nobody cares about his $16 price target
Wedbush's Michael Pachter, who's covered GameStop since 2002, said institutional investors aren't calling for his opinion on the "feeding frenzy."
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Apple now has $195.57 billion in cash on hand, up $3.7 billion
Apple regularly hosts one of the largest cash piles in the U.S.
Federal Reserve leaves interest rates and asset purchases unchanged, sees growth slowing
The central bank kept its foot to the floor in terms of the help it is providing for an economy that central bank officials say has slowed down.
Democrats prepare to pass Covid relief bill without Republican votes
Democrats are setting the stage to use budget reconciliation to pass the next round of coronavirus relief without Republican votes.
New York's Cuomo lifts Covid restrictions but worries new strains could undermine progress
"We don't know exactly what's going on with the new strains, and the concept of not knowing is very troubling for me," Gov. Andrew Cuomo said on Wednesday.
Here’s what changed in the new Fed statement
This is a comparison of Wednesday's Federal Open Market Committee statement with the one issued after the Fed's previous policy-making meeting on Dec. 16.
U.S. reports record number of Covid deaths in January as new strains threaten progress
President Joe Biden is working to ramp up the rollout of the Covid-19 vaccines, blaming the initially slow pace on the Trump administration.
Treasury yields fall ahead of speech from Fed Chair Powell
U.S. Treasury yields wavered on Wednesday morning, ahead of a speech by Federal Reserve Chairman Jerome Powell later in the day.
Biden suspends oil and gas leasing in slew of executive actions on climate change
Biden's orders will halt oil and natural gas leases on public lands and waters in an effort to curb planet-warming carbon emissions.
Sirius XM's latest satellite, built by Maxar and launched by SpaceX, suffers failure in orbit
Sirius XM's recently launched SXM-7 satellite suffered "failures" during in-orbit testing, the company said in a securities filing.
The Fed won't keep interest rates near zero forever — here’s what to do now
The Fed is giving consumers a chance to take advantage of rock-bottom rates.
Federal agencies will study Covid vaccine effectiveness on 'mutant' strains, Fauci says
"You could diminish the vaccine-induced antibody efficacy by a few fold and still be well within the protective range of the vaccine," Fauci said..
FDA places import alert on hand sanitizers from Mexico after discovering 'dangerous levels' of toxic ingredients
The FDA places import alert on hand sanitizers from Mexico after half of the products tested contained toxic ingredients.
Ron Insana: GameStop is like past bubbles and investors should exit before it bursts like the others
Today's market frothiness should seem familiar if you witnessed the internet bubble of the 1990s. Proceed with caution, warns CNBC's Ron Insana.
General Motors to use Super Bowl air time to feature new electric vehicles in two ads
General Motors said the Super Bowl ads will be for its luxury Cadillac brand and the company as a whole.
Boeing posts record annual loss, pushes out 777X deliveries to late 2023
Boeing's loss worsened after the company pushed out the deliveries of its 777X plane to late 2023.
Biden to sign major executive orders on climate change
Biden's climate actions include establishing climate change as a national security priority and conserving at least 30% of federal land and oceans by 2030.
U.S. air travel falls to 6-month low as Covid infections, travel restrictions hinder recovery
U.S. airlines have warned they expect a rocky start to 2021 as vaccinations will take more time.
Nearly one-third of U.S. homes are at high risk of natural disaster, study says
Twenty-two weather- or climate-related disasters each resulted in at least $1 billion in damages last year, the NOAA says.
Exec who quit SolarCity now runs the leading lender for solar installations
Less than five years after leaving SolarCity, Hayes Barnard has built the nation's top solar lending business, with revenue topping $360 million in 2020.
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