China crypto firm Bitmain plans first US factory in Trump gambit- Bloomberg News
-- Source link: https://tinyurl.com/25m7r82w-- Note: Reuters has not verified this story and does not vouch for its accuracy
FIS, Circle Partner to Offer Stablecoin Transactions to Financial Institutions
By Natalie WegerFidelity National Information Services is partnering with Circle Internet Group to let financial institutions transact in the USDC stablecoin.The partnership launched after the Senate passed the Genius Act in June, which seeks to regulate the stablecoin industry. The new partnership …
Goldman, BNY to Open Path for Institutional Investors to Buy Tokenized Money Market Funds, CNBC Reports
By Denny JacobGoldman Sachs and Bank of New York Mellon will announce that they have created the ability for institutional investors to purchase tokenized money market funds, CNBC reports.Clients of custody bank BNY will be able to invest in money market funds whose ownership will be recorded on Gol…
Goldman Sachs, BNY Collaboration to Support Increased Tokenization of Financial Assets
By Denny JacobGoldman Sachs and Bank of New York Mellon will collaborate to support increased tokenization of financial assets.BNY, the world's largest custodian bank, will employ blockchain technology developed by investment bank Goldman Sachs to maintain a record of customers' ownership of select …
Global Markets Rise on Trade Optimism
By Dow Jones Newswires StaffTrade optimism drove global stock markets higher Wednesday after the U.S. struck agreements with Japan, the Philippines and Indonesia. For Japan in particular, the lowering of tariffs on carmakers to 15% from their current 25% provided a big boost to a core industry and p…
Coinbase, Robinhood surge to record highs on crypto sector momentum
** Shares of crypto exchange Coinbase and retail trading platform Robinhood , which offers trading in crypto tokens, hit record highs ** U.S. House of Representatives on Thursday passed bill to create regulatory framework for U.S.-dollar-pegged tokens known as stablecoins, sending bill to President…
New York Times business news - July 18
The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.- CBS said on Thursday that it was canceling the most-watched show in late night, "The Late Show With Stephen Colbert," and ending a franchise that ha…
GameSquare Back Down After Completing $70M Public Offering
By Nicholas G. MillerShares of GameSquare fell after the company said it would offer 46.7 million shares for $1.50 a piece, a day after the stock surged more than 50%.The stock was down 29% Thursday to $1.64. It is up 97% so far this year.On Wednesday, the stock soared 53% after the company detailed…
These Stocks Are Moving the Most Today: Boeing, MicroStrategy, Waters, Autodesk, Ansys, Fastenal, Kenvue, and More — Barrons.com
By Joe Woelfel and Mackenzie TatananniStocks turned higher Monday, shaking off President Donald Trump's threat over the weekend to put a 30% tariff rate on imports from the European Union and Mexico beginning Aug. 1.These stocks were moving:Boeing gained 1.2%. A fuel switch malfunctionprobably cause…
US stocks weekly: Trading fire
** S&P 500 breaks two-week winning streak, edges down 0.3% as latest Trump tariff salvos weigh ** Dow retreats 1%, while Nasdaq Composite down fractionally** Indeed, DJI kicked off week looking poised to leap over the velvet rope, but by Fri ended three-week winning streak, as did IXIC** And desp…
Bitcoin Is Being Used For Portfolio Diversification — Market Talk
Bitcoin's rise to record highs is being helped by investors diversifying their portfolios amid uncertainties over U.S. policies and geopolitics, AJ Bell's Dan Coatsworth says in a note. "While bitcoin is driven purely by speculation, interest continues to grow in the cryptocurrency," he says. There …
Bitcoin Could Be Headed to $140,000. Here's What the Charts Say. — Barrons.com
By Andrew AddisonBitcoin remains one of the most bullish assets in the world — even after its long and dramatic advance. It's hard to believe that the cryptocurrency, which reached a record high of $118,740 on Friday, was just $4,000 a little more than five years ago. Yet its price action still has …