Bitcoin continued it torrid trading streak, flirting with $94,000 on Wednesday morning, despite a robust stock market rally. Some investors have been pulling money out of stocks and stashing them in gold and crypto, which have sent the values of both soaring.
NEW YORK (Reuters) -Goldman Sachs shareholders voted to approve pay packages, including hefty retention bonuses, for top executives CEO David Solomon and president John Waldron. They also voted in favor of other management proposals including the election of the firm's board of directors, according to a preliminary voting count announced during a virtual shareholder meeting in Dallas. Proxy adviser Glass Lewis had earlier recommended investors cast vote against the compensation plans, citing the bank's "continued inability to align pay with performance," including excessive retention awards of a combined $160 million given to Solomon and Waldron in January.
LONDON (Reuters) -Several OPEC+ members will suggest the group accelerates oil output hikes in June for a second consecutive month, three sources familiar with OPEC+ talks told Reuters, as a dispute worsens between members over compliance with production quotas. Oil prices hit a four-year low in April, dragged down by a U.S.-China trade war and an unexpected decision by OPEC+ to increase output by 411,000 barrels per day of oil in May - which was three times more than the group originally planned. Eight OPEC+ countries will meet on May 5 to decide the June output plan.
President Trump hinted at a trade war deescalation with China and said he has "no intention of firing" Fed Chair Jerome Powell, sending stocks soaring on Wednesday.
Powell, a speaker at Consensus 2025, sat down with CoinDesk to chat about his work on the blockchain capital platform, its expansion in Asia and Latin America, focus on bitcoin yield products, and more.
Tesla reported first quarter earnings after the bell on Tuesday that were short of estimates, but Elon Musk's plans to pare back his DOGE activities sent shares higher.
All major indices show substantial early gains.
Intel shares rose Wednesday, following a report the struggling chipmaker is planning to cut more than 20% of its staff.
President Donald Trump’s recent attacks on Federal Reserve Chair Jerome Powell caused alarm among some of his top advisers, who warned him that any attempt to remove the head of the central bank could cause as much market turmoil as his ongoing trade war, according to people familiar with the conversations.
(Reuters) -Cantor Fitzgerald is launching a crypto venture with Tether and Japanese technology investor SoftBank Group to buy bitcoin, wagering that interest in the digital currency will expand under U.S. President Donald Trump. The deal, announced on Wednesday, has blank-check vehicle Cantor Equity Partners merging into newly formed Twenty One Capital. The combined vehicle is valued at $3.6 billion, based on a bitcoin price of nearly $85,000 and Twenty One launching with more than 42,000 bitcoins, which will make it the world's third-largest bitcoin treasury, Twenty One said.
