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Finance

Europe Is Heading Toward a New Financial Crisis

43 mins ago

Beware the loop of doom.

Photographer: Francesca Volpi/Bloomberg

Europe faces a predicament. Even as it struggles to contain the Covid-19 pandemic, it’s setting itself up for another crisis — this one financial. To ensure the viability of the common currency at the heart of the European project, the EU’s leaders will have to cooperate in ways they’ve so far resisted.

Adopting the single currency has yielded great benefits, from frictionless trade to improved global competitiveness. But the euro also obliged member states to relinquish the independent monetary policies that can help backstop national debts and financial systems.

Money

Jim Cramer says he sold some of his bitcoin and paid off a mortgage

1 hour ago

CNBC’s Jim Cramer said Thursday he recently paid off a mortgage using profits from his investment in bitcoin.

Cramer said he bought “a lot of bitcoin” when the world’s biggest cryptocurrency was priced at around $12,000. He said he has now sold about half of his position.

“I paid off a mortgage yesterday with it,” Cramer told “Squawk on the Street.”

The price of bitcoin hit a record high above $64,000 per coin Wednesday. On Thursday, bitcoin traded around $63,000. Its price has risen more than 115% year to date.

“From the chart, I may be the only natural seller,

Personal

Personal Bests Highlight Tom Botts Invite, Day Two Canceled

2 hours ago

COLUMBIA, Mo. – The DePaul track & field squad resumed outdoor competition at the Tom Botts Invitational at the University of Missouri on Friday afternoon. Six Blue Demons turned in personal best performances across the hammer throw, shot put and 1500m events.

The second day of events has been canceled due to inclement weather in the forecast.

The women’s hammer throw began the day’s competition and the Blue Demons saw Rebecca Chouinard finish 12th with a 53.93m distance while freshman Billie Martin threw a personal best of 53.31m to finish 13th.

In the men’s hammer

Business News

Microsoft buys speech recognition company Nuance in $16B deal, second biggest since LinkedIn

2 hours ago

Microsoft announced Monday that it will buy speech recognition company Nuance Communications for $16 billion, the tech giant’s largest acquisition since it bought LinkedIn for more than $26 billion in 2016.

The deal is the latest sign Microsoft is hunting for more growth through acquisitions. The company is also reportedly in talks to buy the chat app Discord for about $10 billion and last year tried to buy TikTok’s U.S. business for about $30 billion before the deal was derailed. Last month, Microsoft acquired gaming company Zenimax for $7.6 billion.

Shares of Nuance were up nearly 23 percent in premarket

Business

Is Palantir Technologies (PLTR) Outperforming Other Business Services Stocks This Year?

3 hours ago

Investors interested in Business Services stocks should always be looking to find the best-performing companies in the group. Palantir Technologies (PLTR) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? One simple way to answer this question is to take a look at the year-to-date performance of PLTR and the rest of the Business Services group’s stocks.

Palantir Technologies is one of 222 companies in the Business Services group. The Business Services group currently sits at #10 within the Zacks Sector Rank. The Zacks

Insurance

Health insurance premium rebates could be larger due to COVID-19

3 hours ago

Because so many medical procedures were canceled in 2020, a provision in the Affordable Care Act could mean higher insurance premium rebates.

U.S. health insurance customers may receive higher premium rebates than normal later this year partly because insurers had less care to cover after COVID-19 arrived in 2020.

Some individual insurance customers could receive premium credits or rebates of nearly $300 on average, according to an analysis of government data from the non-profit Kaiser Family Foundation.

The Affordable Care Act requires insurers to give customers refunds or premium credits if they don’t spend certain percentages of the premiums they

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Is Palantir Technologies (PLTR) Outperforming Other Business Services Stocks This Year?

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Europe Is Heading Toward a New Financial Crisis

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Europe Is Heading Toward a New Financial Crisis

Jim Cramer says he sold some of his bitcoin and paid off a mortgage

Personal Bests Highlight Tom Botts Invite, Day Two Canceled

Microsoft buys speech recognition company Nuance in $16B deal, second biggest since LinkedIn

Is Palantir Technologies (PLTR) Outperforming Other Business Services Stocks This Year?

Health insurance premium rebates could be larger due to COVID-19

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