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Cryptoverse: Bitcoin ETFs take $50 billion baby steps toward big time
By Suzanne McGee (Reuters) – Last October, Matthew Hougan told an industry panel that he expected spot bitcoin exchange-traded funds…
Month: September 2024
Coinbase must face shareholder lawsuit over SEC risks
By Jonathan Stempel (Reuters) – A federal judge rejected Coinbase’s bid to dismiss a proposed class action by shareholders who…
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Fed’s Waller says it’s time to lower rates, open to larger cuts
(Reuters) – Federal Reserve Governor Christopher Waller on Friday said “the time has come” for the U.S. central bank to…
AI likely to weigh on oil prices over the next decade, Goldman says
(Reuters) – Artificial intelligence could hurt oil prices over the next decade by boosting supply by potentially reducing costs via…
World stocks tiptoe, dollar holds as investors await US data
By Yoruk Bahceli and Tom Westbrook (Reuters) – World stocks steadied on Tuesday and the dollar remained near a two-week…
Nvidia and chip index tumble as investors pause AI rally
By Noel Randewich (Reuters) – Shares of AI heavyweight Nvidia tumbled on Tuesday, with Wall Street’s chip index slumping 7%…
US gasoline slumps to near 3-year low on end of driving season, oil slump
By Shariq Khan NEW YORK (Reuters) – U.S. gasoline futures fell nearly 6% on Tuesday to their lowest since December…
Tesla’s China-made EV sales rise 3% y/y in Aug
BEIJING (Reuters) – Sales of U.S. automaker Tesla’s China-made electric vehicles grew 3% in August from a year earlier, data…
Starlink tells Brazil regulator it will not comply with X suspension
By Luciana Novaes Magalhaes (Reuters) – Elon Musk-controlled satellite internet provider Starlink has told Brazil’s telecom regulator Anatel it will…
Exclusive-U.S. researchers find probable launch site of Russia’s new nuclear-powered missile
By Jonathan Landay WASHINGTON (Reuters) – Two U.S. researchers say they have identified the probable deployment site in Russia of…