Listen to the audio version of this article (generated by AI). In October 1973, war in the Middle East triggered an energy crisis that Americans could see with their own eyes. After Arab oil producers imposed an embargo on the United States, gasoline supplies tightened and prices soared. Drivers waited in lines that stretched around […]
The artificial intelligence tailwind has transformed the trajectories of companies in the tech sector, including Micron Technology. AI’s need for enormous computational power has produced unprecedented demand for advanced memory chips, Micron’s forte. Consequently, its business benefited, and so did its stock price, as shares skyrocketed more than 600% over the past 12 months through […]
Visa announced the launch of the Visa Stablecoin Platform (VSP) on Thursday, a new platform it said is designed to help financial institutions, fintechs and crypto natives access stablecoin capabilities through a single Visa-managed environment. Building on Visa’s broader crypto strategy, VSP is said to give financial institutions, fintechs and other payment providers a way […]
Wall Street worries that Netflix has a problem with engagement — an issue you can see in the audience numbers the streaming giant periodically releases. No problem, says Netflix: It will deal with that problem by … releasing audience numbers less often. Netflix says it is going to stop putting out its “What We Watched” […]
The U.S. Treasury last year swelled with revenue from President Donald Trump’s double-digit taxes on imports from almost every country on earth. But the money dried up after the Supreme Court struck down the biggest and boldest of Trump’s tariffs in February. The question now is: Can the president’s trade team make good on its promise to […]
The Food and Drug Administration has approved a first-of-its-kind pill that can drastically reduce cholesterol in a way that’s previously only been available with expensive, injectable drugs. The drug from Merck was OK’d on Thursday for patients with artery-clogging cholesterol that persists even after taking statins, the standard medications for cutting heart attack risk. Merck will market […]
Just an update. Market movement is becomimg a bit jaded with the never ending attacks. Supportive for oil and the USD though. Iran media report hits on at least two bridges: in the vicinity of Kahurestan and Bandar Khamir reports also now of 3 brdiges in Khomier area targeted and a railway station Bandar Abbas […]
A Republican senator whose vote Todd Blanche needs to advance his nomination as attorney general suggested Thursday that his support hinges on Blanche first meeting with Jeffrey Epstein’s accusers. Sen. Thom Tillis’ comments came a day after Blanche was pressed during his confirmation hearing over the Justice Department’s handling of millions of files related to Epstein’s sex […]
Marex Group Limited (NASDAQ:MRX) announced on July 16 that clients can now post USDC, the regulated, fully reserved dollar stablecoin issued by Circle, as initial margin collateral for derivatives trading. The initiative, developed with Coinbase, aims to help clients deploy digital asset portfolios more efficiently while using blockchain-based transfer rails. Coinbase supplies the underlying infrastructure […]
The sky is the limit if you choose retail arbitrage as your side hustle. There’s a learning curve — you’ll have to learn how to find things you can make a tidy profit on that will sell relatively quickly. But if you have some money to invest upfront, you can get this business off the […]