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Bitcoin, Virgin Galactic, Moderna: What to Watch When the Stock Market Opens Today

Verizon offers free Apple Arcade and Google Play Plus for select unlimited subscribers

Tim Cook, chief executive officer of Apple Inc., speaks during an event at the Steve Jobs Theater in Cupertino, California, U.S., on Monday, March 25, 2019.David Paul Morris | Bloomberg | Getty ImagesVerizon said it is giving away six- and 12-month subscriptions to Apple Arcade and Google Play Plus as it adds more bundled content offerings to its wireless subscriptions.New and existing Verizon wireless subscribers will get six months free of either Apple Arcade or Google Play Plus with a line activation on select unlimited plans. Subscribers to Verizon’s “Play More” and “Get More” unlimited plans will get 12-month offers, the company said.Verizon has been adding content to its wireless subscription plans to differentiate from rivals AT&T and T-Mobile while attempting to become the primary point of contact for customers who enjoy bundling services. Verizon currently offers free Disney+, ESPN+ and Hulu, Apple Music, and one year of Discovery+ for certain unlimited plans.Verizon is trying to diversify bundles by offering gaming subscriptions in addition to TV content. Verizon previously ran a promotion for 12 months of PlayStation Plus and PlayStation Now last year. Free gaming also boosts Verizon usage and can showcase the speed of the company’s 5G network.For Apple

Bitcoin Prices Stabilize After Volatile Weekend

Over the weekend, the price of Bitcoin briefly fell to around $31,000, more than 50 percent down from its high last month. It has recovered somewhat and is currently trading at around $37,000.“About $20 billion of long positions were liquidated last week,” Sam Bankman-Fried, the chief executive of the crypto derivatives exchange FTX, told the DealBook newsletter. “In terms of price movements: the biggest part of it is liquidations,” he said, suggesting the worst is over.But he also noted news from China late Friday of a crackdown on Bitcoin mining and trading. This added to other news of official scrutiny that has spooked crypto investors in recent days, from Hong Kong, Canada and the United States. .dw-chart-subhed { line-height: 1; margin-bottom: 6px; font-family: nyt-franklin; color: #121212; font-size: 15px; font-weight: 700; } Bitcoin price As of 8:20 a.m. Eastern on May 24. Shaded area shows daily trading range.CoinDeskBy The New York TimesCompanies with Bitcoin on their balance sheets may be getting nervous. For accounting purposes, cryptocurrency is valued at its purchase price in company accounts. If it goes up in value, this isn’t reflected in a company’s

Small Businesses Have Surged in Black Communities. Was It the Stimulus?

New research finds a big rise in new businesses despite the pandemic, particularly in predominantly Black neighborhoods.Over the last year, multiple stimulus measures from the federal government have helped families buy groceries, pay rent and build a financial cushion. This aid might have also helped start a new era of entrepreneurship.There has been a surge in start-ups in America that experts have yet to fully explain. But a new study — using data that allows researchers to more precisely track new businesses across time and place — finds that the surge coincides with federal stimulus, and is strongest in Black communities.

U.S. Stock Futures Rise to Start the Week

This $68 billion Australian city wants to become the next Silicon Valley

A computer generated aerial view of Greater Springfield near Brisbane, Australia.Springfield City GroupTravel up the sunny shores of Australia’s Gold Coast, 25 kilometers outside of Brisbane, and you’ll find Greater Springfield, a city that’s different by design.You may never have heard of it. Unsurprising; the city is not yet 30 years old. But that isn’t holding it back. In a few years, it could be the next Silicon Valley, says developer Springfield City Group (SCG).”The world has learned a lot from Silicon Valley,” founder Maha Sinnathamby told CNBC. “We said: that’s 85 years old. Let’s design the latest version.”Sinnathamby is the brains behind Greater Springfield, Australia’s only privately built city and its first masterplanned city since the capital Canberra was created more than a century ago. The octogenarian property tycoon — who spent a 50-year career creating residential and commercial developments across Australia — said his latest project, like its inspiration Silicon Valley, is about creating a modern business hub designed around technology, education and health care.We’re trying to attract the Microsofts and Googles of the world.Maha Sinnathambyfounder and chairman, Springfield City GroupAnd now, he’s looking for big name companies to help him realize the next stage of his

From driverless cars to robotic warehouses, China looks to automation to solve population issues

GUANGZHOU, China — Qin Jiahao has been working at Chinese e-commerce giant JD.com’s logistics operations for around six years. Now a huge amount of his work has become automated.”In the past, almost all the work is manual. After automation, nearly half of our workers’ job is done by machine. It reduces our work intensity,” Qin told CNBC.”In the past, I was responsible for collecting goods and putting them on shelves … Now, after the goods get here, the automation equipment will put goods at a designated place, and then put them on shelves. This whole process is done by automation.”Walking around JD.com’s 500,000 square meter logistics park in Dongguan, south China, you will see huge machines helping to automate tasks like packing and shelving.Qin’s situation highlights a broader trend in China — the push toward automating jobs. The labor market in the world’s second-largest economy faces some big challenges, including an aging population and rising wages. “It’s still rapidly evolving that aging population is a reality … China’s now facing the challenge of potentially getting old before it gets rich,” Jonathan Woetzel, senior partner at McKinsey, told CNBC.An automated machine stacks packages at Chinese e-commerce giant JD.com’s huge logistics center in Dongguan, China.Arjun Kharpal | CNBCChina’s working age population shrunk by more than 5 million people in the

Belarus Jet Forces Ryanair Plane to Land in Minsk

Belarus arrested a prominent opposition activist on board a Ryanair plane, which had been flying from Greece to Lithuania, after diverting the aircraft to Minsk. The U.S. and European Union condemned the move. Photo: AFP/Getty Images The Wall Street Journal Interactive Edition

Robert Shiller: 'Wild west' mentality is gripping housing, stocks and crypto

Nobel prize-winning economist Robert Shiller is worried a bubble is forming in some of the market’s hottest trades.He’s notably concerned about housing, stocks and cryptocurrencies, where he sees a “wild west” mentality among investors.”I haven’t done that in print. I’ve been saying that,” the Yale University professor told CNBC’s “Trading Nation” on Friday.Even though the record run in stocks and cryptos have been taking a break over the past couple of weeks, Shiller is worried. He’s particularly uneasy about the latest housing boom.”In real terms, the home prices have never been so high. My data goes back over 100 years, so this is something,” said Shiller, co-founder of the S&P CoreLogic Case-Shiller home price index. “I don’t think that the whole thing is explained by central bank policy. There is something about the sociology of markets that’s happening.”Over the past three decades, Shiller finds home prices seem to be driving housing starts. He’s seeing the pattern emerge again, and highlights it in a special chart.Zoom In IconArrows pointing outwards”We have a lot of upward momentum now. So, waiting a year probably won’t bring house prices down,” Shiller said.According to Shiller, current home price action is also reminiscent of 2003, two years