Anthony Casalena, founder and CEO, Squarespace Source: Squarespace Squarespace, which makes software for people to build websites, on Friday filed to go public on the New York Stock Exchange under the symbol “SQSP.” The company is eschewing a traditional initial public offering, where it would issue new shares to institutional […]
Robinhood and Coinbase dominate mobile app stores
Coinbase is a popular option for buying bitcoin and other cryptocurrencies. Todd Haselton | CNBC Watch out social media, finance apps are becoming a more popular form of entertainment on people’s phones. Trading platforms Robinhood and Coinbase grabbed the top two spots in Apple’s app store this week as Americans […]
Airbnb CEO Brian Chesky ‘really proud’ of Coinbase CEO Brian Armstrong
Brian Armstrong, CEO of Coinbase (L), and Brian Chesky CEO of Airbnb. Getty Images Airbnb co-founder and CEO Brian Chesky told CNBC he’s “really proud” of what one of the company’s first software engineers has gone on to accomplish since leaving the online home-rental marketplace. That former Airbnb employee is […]
Simon Property, Cisco, Sunrun & more
Shoppers walk through the King of Prussia mall in King of Prussia, Pennsylvania. Jennah Moon | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Sunrun — The solar stock popped 10% after Simmons Energy, a division of Piper Sandler, upgraded the stock to overweight from […]
What to know about monthly payments
Parents may soon start getting monthly payments from the IRS, due to a recent change to the child tax credit. IRS Commissioner Charles Rettig said Tuesday that the agency was on track to start issuing that aid in July. Here’s what taxpayers need to know about the tax credit and […]
Australia finds Google misled users over data collection
A search for ‘Australia News’ on the Google homepage, arranged on a desktop computer in Sydney, Australia, on Friday, Jan. 22, 2021. David Gray | Bloomberg via Getty Images Australia’s federal court found that Google misled users about personal location data collected through Android mobile devices between 2017 and 2018, […]
Fed’s Waller says the economy is ‘ready to rip’ but policy should stay put
Federal Reserve Governor Christopher Waller said Friday he sees the U.S. economy as set to take off, though not at a fast enough pace that the central bank should start tightening policy. “I think the economy is ready to rip,” Waller told CNBC’s Steve Liesman during a “Squawk on the […]
Airbnb CEO says company is going to need millions more hosts to meet demand
The Airbnb logo is displayed on the Nasdaq digital billboard in Times Square in New York on December 10, 2020. Kena Betancur | AFP | Getty Images Airbnb is going to need millions of new hosts to meet incoming demand as travel picks up again, CEO Brian Chesky told CNBC. […]
Betterment sees record Q1 as GameStop ‘shines a light’ on investing
Betterment launched a new savings option that pays users up to 2.69% interest. Source: Betterment Trading apps aren’t the only ones benefiting from the rise of meme stocks. Betterment, a digital investment advisor, said it saw record growth in the first quarter of 2021. Despite offering so-called “passive” investing and […]
Morgan Stanley had $911 million in first-quarter losses tied to Archegos fund meltdown
Bill Hwang, founder of Tiger Asia Management LLC, exits federal court in Newark, New Jersey, U.S., on Wednesday, Dec. 12, 2012. Emile Warnsteker | Bloomberg | Getty Images Morgan Stanley posted blockbuster results for the first quarter, but a single prime brokerage client cost the firm nearly $1 billion. The […]