BlackRock CEO Larry Fink says Fox Business' Charlie Gasparino's ingenuity is “driving” the economy and talks about ESG and Bitcoin on “Craman Countdown.”
– Dummy door comes off during flight, deepening crisis between Boeing and Alaska Airlines
-Bitcoin gets its first ETF after SEC final approval.The move came in the wake of an embarrassing cybersecurity hack
-Hearts throws in the towel on EV
-Consumer inflation heats up again
-IRS sets new date for 2024 tax season
Top stories: Boeing Alaska Airlines: Boeing and Alaska Airlines are facing mounting problems after a panel on a plane fell from 16,000 feet. Although there were no fatalities, the FAA was severely affected, leading to flight cancellations and lawsuits from passengers.Continue reading here.
Investigation of Alaska Airlines Flight 1282 Boeing 737-9 Max in Portland, Oregon. (NTSB/FOX News)
video: Boeing CEO Dave Calhoun became emotional during an all-hands meeting.
Boeing stock falls 12% in one week
Bitcoin Blessed: After years of twists and turns, the Securities and Exchange Commission has finally approved the Spot Bitcoin Exchange Traded Fund…Continue reading here.
Ahead of this move, Bitcoin topped $47,000, but fell back by the end of the week. Still, many see this approval as a bullish sign for cryptocurrencies.
video: Grayscale CEO Michael Sonnenshein discusses his role in winning approval.
Live Crypto Prices: FOXBUSINESS.COM
Embarrassing hack: Hackers took over the SEC's X account ahead of expected approval. Following the uproar, the SEC announced that his account had been “compromised,” but Company X said that an internal investigation found no breach of Elon Musk's platform. The FBI is investigating the incident. …Continue reading here.
SEC Chairman Gary Gensler attends a Financial Stability Oversight Council meeting at the U.S. Treasury Department on July 28, 2023 in Washington, DC (Kevin Dietsch/Getty Images/Getty Images)
video: ARK Invest's Cathie Wood talks about Bitcoin ETFs and SEC ducks.
Hearts Reverse Course: It was good while it lasted, but now Hertz is putting the brakes on electric cars and plans to sell 20,000 of them to replace gas cars…Continue reading here.
A 2023 Chevrolet Bolt EV is parked in front of a Hertz rental location in Michigan. (General Motors)
Expanded cooking: Consumer inflation is rising again, driven in part by housing costs, which could pose a challenge for the Federal Reserve and its plans to cut interest rates.…Continue reading here.
Contractors working on a home under construction in Antioch, California. (David Paul Morris/Bloomberg via Getty Images/Getty Images)
video: One investor said the Fed is considering a potential squeeze.
tracking inflation
It's tax time! Uncle Sam's IRS has released a series of updates for this year's tax season, including important dates and filing details. Find out what you need to know here.
A replica of Uncle Sam's wax figure is at the center of “Madame Tussauds Wants You!” Exhibit Celebrates Independence Day Every Day with All-New Interactive Experiences, July 18, 2016, Washington, DC (Paul Morigi/Getty Images for Madame Tussauds/Getty Images)
Stocks rebound: The Nasdaq Composite Index led the weekly gain in U.S. stocks, posting a 3% gain, with the Dow Jones Industrial Average and S&P 500 also rising.Click here for detailed market coverage.
Nasdaq Composite 1 week +3%
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