/cloudfront-us-east-2.images.arcpublishing.com/reuters/DFJCH5UV2BOYRMO3MX7JM3ECKA.jpg?ssl=1)
The logo of Robinhood Markets, Inc. is seen at a pop-up event on Wall Street after the company’s IPO in New York City, US, July 29, 2021. REUTERS/Andrew Kelly Register now for FREE unlimited access to Reuters.com Register June 27 (Reuters) – Sam Bankman-Fried’s FTX crypto exchange said it is not in talks to acquire … Read more
CNBC’s Jim Cramer on Monday told investors that while the market has yet to overcome the challenges threatening to create a recession, FedEx stock might be able to weather the turbulence. “You might think FedEx would be a helpless victim of high gas prices, potential e-commerce plateau, a [Federal Reserve]-mandated slowdown. That would be wrong. … Read more
Key Takeaways Tether CTO Paolo Ardoino said today that various cryptocurrency firms have tried to short its stablecoin. Also today, Genesis Global Trading admitted that its hedge fund clients shortened Tether through its services. Tether seems to have withstood the challenge: USDT is valued at $1.00, on par with the US dollar as intended. Share … Read more
Placeholder while article actions load The company that plans to merge with former president Donald Trump’s social media company has received subpoenas from a federal grand jury, a setback that could complicate Trump’s plans to bring his company to the public markets. The company, known as Digital World Acquisition Corp., revealed the subpoenas in a … Read more
The funds from Harmony’s Horizon Bridge have begun to move into the Tornado Cash Ethererum mixer, signaling that the attacker has no intention of accepting the $1 million bounty offered. The decision to obfuscate the ill-gotten gains answers questions about whether the Harmony team’s offer of just 1% of the $100 million in crypto funds … Read more
California’s Great America, a Bay Area amusement park that has entertained families for nearly five decades, will be closing its gates permanently in the near future. Cedar Fair, owner and operator of the park, announced on Monday that it has sold the land to Bay Area real estate developer Prologis for $310 million. The 112-acre … Read more
Securities and Exchange Commission Chairman Gary Gensler riled up Crypto Twitter on Monday after affirming that Bitcoin (BTC) is a commodity. Questions were raised about its impact on Grayscales’ proposed Bitcoin ETF and why Ethereum wasn’t mentioned. Speaking to Jim Cramer on CNBC’s Squawk Box on Monday, June 27, the SEC chair said while many … Read more
300 millimeter silicon wafers are a vital component to produce semiconductor chips, and are mostly imported from Asia WASHINGTON – Taiwan’s GlobalWafers on Monday unveiled plans to establish a massive plant in northern Texas to produce a component vital to making semiconductors with an investment of up to $5 billion. However, the plan to produce … Read more
Renting an apartment in New York City this summer? Say hello to sky-high prices and a fight to the finish. Amid the heat and the occasional rain, there’s a mad scramble to rent affordable apartments in Gotham, which have been undersupplied for many years. Real estate agents describe the mayhem when it comes to prices. … Read more
Dow Jones futures were lower following Monday’s stock market fall. Still, the new stock market rally continues and six top stocks to buy and watch include AutoZone and Merck. X Late Monday, Dow Jones stock Nike (NKE) reported better-than-expected earnings results. Nike shares climbed more than 2% in extended trade before turning 3% lower on … Read more