EBay enters NFT business, with assist from hockey icon Wayne Gretzky

The headquarters of eBay in San Jose, California. Getty Images EBay is getting into NFTs — with an assist from hockey legend Wayne Gretzky. The company announced Monday that it’s launching 13 limited-edition digital collectibles in partnership with Web3 platform OneOf, each of which contains a 3-D animated rendering of Gretzky making one of his … Read more

Deere, Foot Locker, Palo Alto Networks and more

The Deer & Co. John Deere 8R fully autonomous tractor is displayed ahead of the Consumer Electronics Show (CES) on January 4, 2022 in Las Vegas, Nevada. Patrick T. Fallon | AFP | Getty Images Check out the companies making headlines in midday trading. Deere — The stock plummeted 14.1% after Deere reported a miss … Read more

5 things to know before the stock market opens Friday, May 20

Here are the most important news, trends and analysis that investors need to start their trading day: 1. Stock futures rise after S&P 500 closes on brink of a bear market Traders work on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, US, May 19, 2022. andrew kelly … Read more

Global oil crisis and inflation hurt consumers: World Energy Council

The current oil crisis isn’t like previous ones — and consumers will have to bear the brunt of it even as they grapple with rising inflation, Angela Wilkinson from the World Energy Council told CNBC. “I think this is a first global energy shock, this isn’t the same as the 1970s crisis, oil shock crisis. … Read more

Tether claims USDT stablecoin is backed by non-US bonds

Tether previously claimed its stablecoin was backed 1-to-1 by US dollars. Justin Tallis | dpa | Getty Images The issuer of the stablecoin tether said in a report that the controversial digital currency is now backed in part by “non-US” government bonds. Stablecoins are a type of cryptocurrency pegged to the value of sovereign currencies … Read more

Crypto exchange FTX US gets into stock trading

Sam Bankman-Fried, CEO of FTX US Derivatives, testifies during the House Agriculture Committee hearing titled Changing Market Roles: The FTX Proposal and Trends in New Clearinghouse Models, in Longworth Building on Thursday, May 12, 2022. tom williams | CQ-Roll Call, Inc. | Getty Images The US affiliate of crypto exchange FTX said Thursday it plans … Read more

Hong Kong’s Hang Seng leads losses as Asia stocks fall

SINGAPORE — Shares in Asia-Pacific slipped Thursday morning after heavy losses on Wall Street overnight. Hong Kong’s Hang Seng index led losses regionally, falling more than 3% in early trade. Shares of Chinese tech behemoth Tencent plunged 8.1% after reporting that its quarterly profit halved. The Nikkei 225 in Japan fell 2.6% while the Topix … Read more

5 things to know before the stock market opens Wednesday, May 18

Here are the most important news, trends and analysis that investors need to start their trading day: 1. Stock futures fall as inflation claims another retailer Traders on the floor of the NYSE, May 17, 2022. Source: NYSE US stock futures dropped Wednesday as rising inflation slammed another retailer. Target sank 24% in the premarket, … Read more

Toyota ramps up efforts to look at potential of hydrogen vehicles

One of Toyota’s Sora busess photographed in Japan on Nov. 5, 2021. Toyota started working on the development of fuel-cell vehicles back in 1992. korekore | Istock Editorial | Getty Images Toyota Motor Europe, CaetanoBus and Air Liquide have signed an agreement related to the development of hydrogen-based transport options, as the race to develop … Read more

Charts suggest upside for oil is limited despite short-term rallies, Jim Cramer says

CNBC’s Jim Cramer said Tuesday that while the price of crude oil might see some gains, it’ll be limited in duration and scale, leaning on analysis from DeCarley Trading commodity strategist Carley Garner. “The charts, as interpreted by Carley Garner, suggest that the good news for oil might be mostly baked in, meaning the upside … Read more