Opening Bell: December 22, 2017

It's been a volatile week for the cryptocurrency, with prices of Bitcoin dropping 25 percent overnight. Plus former Google CEO Eric Schmidt saying he'll step down as executive chairman of the company's parent, Alphabet. Plus SpaceX CEO Elon Musk posted pictures of the Falcon Heavy rocket as it gets ready for launch in the coming weeks. We break down the private space race with Rockets Are Cool. And the Pentagon is investigating the possibility of UFOs! Inverse's Space Editor tells us about the spooky video.

More In Business

The Fed Didn’t Cut Rates, But Hey, At Least They’re Not Raising Them

Chair Jerome Powell says the Federal Reserve only expects to cut rates once in 2024. But at least, as one economist says, ‘rate hikes are off the table.’

Tom Brady's Dual Role At Hertz: From Brand Ambassador To Customer

Tom Brady's Hertz partnership began in 2021. He's a brand ambassador and a customer. Let’s go!

The US is Facing Economic Woes According to Polling. But Is It Really?

What’s happening with this economy, and why does everything appear much weaker than initially thought?

The Biggest Takeaways from the Google Algorithm Leaks

Is this an SEO gold mine?

Today’s Inflation Report Is Great News If You Want Lower Rates

With a cooler-than-expected inflation report, the chances of a rate cut in September just ticked higher, this analyst says.

Dog fight! Joey Chestnut Out of July 4th Hot Dog Eating Contest

Organizers said that the 40-year-old struck a deal with a competing brand. That's a red line for the Nathan’s-sponsored event.

Apple Intelligence Will Give Your iPhone an IQ Boost

Apple is going all-in on A.I. features, from conversational Siri prompts to custom emojis... but will it be enough to get consumers hooked?

Overall, the Economy Holds Up, But Some Americans Are ‘Struggling’

With the Fed likely set to leave rates unchanged, lower and middle income Americans will continue dealing with higher credit card interest and expenses.

Credit Card Delinquencies Are Rising. What To Do if You’re at Risk

The share of credit card debt that’s more than 90 days overdue rose to 10.7% during the first quarter of 2024.

Nvidia’s Q1 Highs Lift Markets, But Consumer Spending Slowdown Looms Large

Markets soared in May after Nvidia’s Q1 success, but concerns over slowing consumer spending, especially among middle—and lower-income groups, loom large.

Load More