CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what’s ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today’s show, ARK Invest crypto lead Yassine Elmandjra breaks down his long-term outlook for bitcoin.

ESPN will lay off both on-air talent and management as part of Disney’s cost cutting efforts, sources say.

For now, it’s paying off to keep cash idle.

Club holding Morgan Stanley (MS) reported strong first-quarter results on Wednesday, even as the stock came under pressure on higher-than-expected expenses.

Stellantis CFO Richard Palmer will be succeeded by Natalie Knight, who has served as CFO at the Netherlands-based food retailer Ahold Delhaize since early 2020.

Israeli Prime Minister Benjamin Netanyahu has cautioned Saudi Arabia against Iran after a China-brokered deal between the two Mideast Gulf states.

A Wells Fargo analyst said that “existential risk” is off the table for Western Alliance as regional banks report their first-quarter earnings.

Abbott Laboratories said Covid-related headwinds may actually be easing.

Some investors may be wondering whether hitting a new 52-week high might signal that it’s time to take some profits.

Jefferies says one company is the leader in a highly fragmented market filled with mom and pops. The firm began research coverage and sees shares rallying 51%.