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Crypto stocks skyrocket: After the Securities and Exchange Commission officially announced its decision to allow 11 spot Bitcoin exchange-traded funds (ETFs) to start trading on U.S. markets, crypto stocks are soaring. Stocks on the rise include Bitcoin ETFs that hit the market Thursday, as well as lesser-known coins and even meme coins (yes, including Dogecoin). The rise across the board points to investors’ confidence in the crypto industry’s future after the SEC’s long-awaited spot ETF approval. Full story.
Bill Belichik and New England Patriots part ways: After 24 years and six Super Bowl championships, longtime coach Bill Belichick agreed to depart the NFL’s New England Patriots on Thursday. Team owner Robert Kraft has yet to announce Belichick’s replacement, but likely contenders include Jerod Mayo, the Patriots linebackers coach, and Mike Vrabel, who was fired from his position as head coach of the Tennessee Titans earlier this week. Both Mayo and Vrabel played for the Patriots during their pro football careers. Full story.
Glassdoor shares the best companies to work for: Leading the job platform’s Best Places to Work are Bain & Co., Nvidia, and ServiceNow. Of the 100 companies featured on the annual ranking, about a third are in tech, and 26 are new to the list. Full story.
Inflation rates rose in December: The Labor Department released a report on Thursday that pointed to higher energy and housing prices as the source of December inflation spikes. Overall prices increased 0.3% from November, with housing costs responsible for more than half the rise. Energy costs and food prices are also partially responsible for the increase. Full story.
Ron DeSantis issues statement on students facing antisemitism: The Florida governor requested that the state’s universities loosen transfer application restrictions for out-of-state students facing antisemitism and religious harassment. Jewish community leaders voiced skepticism, believing the move is merely a political talking point. DeSantis’s statement comes on the heels of criticism targeted at leaders from Harvard, the University of Pennsylvania, and other U.S. academic institutions for their response to antisemitism and anti-Israel protests following the start of the Israel-Hamas war. Full story.
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