Binance is helping governments establish crypto regulations and national Bitcoin reserves
Binance has been asked by “quite a lot” of countries to help develop regulatory frameworks for crypto.
Top Stock Movers Now: UnitedHealth, Nvidia, Eli Lilly and More
The major U.S. equities indexes were mixed at midday Thursday, with the Dow Jones Industrial Average down close to 400 points as UnitedHealth Group shares plunged.
US airlines struggle to forecast their business in worsening economic fog
President Donald Trump's trade war has created the biggest uncertainty for U.S. airlines since the COVID pandemic. While Delta Air Lines and Frontier have withdrawn their full-year outlook, United has offered two different earnings forecasts. "It kind of really shows a lack of conviction," said Brian Mulberry, client portfolio manager at Zacks Investment Management, which holds shares of United.
US tariffs will weaken global economy and trigger inflation but not a global recession, IMF says
Surging U.S. tariffs will weaken the global economy and push up inflation this year, according to projections to be released next week by the International Monetary Fund. The IMF’s Managing Director, Kristalina Georgieva, said Thursday that the Trump administration’s sharp increases in duties have caused global uncertainty to spike. The import taxes will slow global growth, but not cause a worldwide recession, she added.
Analysis-Markets see door wide open for more ECB rate cuts on tariff hit
Traders saw the all-clear on Thursday from the European Central Bank to bet on even steeper interest rate cuts ahead, confident the central bank will ease policy further if trade tensions dent a fragile economy. The ECB cut rates by 25 basis points (bps) for a seventh time this cycle to 2.25%, to bolster an already struggling euro zone economy facing a large hit from U.S. tariffs that have whipsawed markets since President Donald Trump's April 2 reciprocal tariffs. The euro weakened and government bond yields across the bloc fell sharply as traders reacted to the dovish ECB message.
Crypto Casino Founder Richard Kim Arrested After Gambling Away Investor Funds
Former Galaxy, Goldman Sachs, and JP Morgan executive Richard Kim faces securities and wire fraud charges after allegedly gambling away "nearly all" of his investors' funds.
Blackstone's Schwarzman: 'Fast resolution' to Trump trade talks critical so economy stays on 'growth path'
Blackstone CEO Steve Schwarzman said Thursday that 'a fast resolution' to President Trump's tariff talks with other countries is critical to keep the economy on a 'growth path.'
UnitedHealth stock craters as CEO calls disappointing results 'unusual and unacceptable'
UnitedHealth stock was under pressure early Thursday after the company slashed its profit outlook following results its CEO called "unusual and unacceptable."
Sellers are putting more homes on the market. But it's proving difficult to find buyers.
It's been difficult to draw buyers back into the housing market, with a pronounced mismatch between buyers and sellers.
Nvidia stock falls again, market cap losses top $250 billion after Trump administration's new export controls
Nvidia stock continued its slide on Thursday bringing market cap losses since it disclosed new export controls to more than $250 billion.