Justin Schmidt, the former head of digital asset markets at Goldman Sachs Group Inc., has become president and chief operating officer of Ondo Finance Inc., a decentralized investment platform founded by a pair of other Goldman associates.
Brazil’s lower house Speaker Arthur Lira called for peace between the government and the central bank after it signaled no interest rate cut in the short term, while President Luiz Inacio Lula da Silva renewed criticism of the autonomous monetary authority and its chief.
Bitcoin resumed its push back toward $30,000 and smaller digital tokens rallied as a broad renewal in risk appetite prompted investors to downplay a widening regulatory crackdown.
Federal Reserve Chair Jerome Powell and his colleagues are expecting a sharp dropoff in economic activity through the rest of 2023 — at least, that’s the implication from new economic projections they published this week.
The UK government condemned tactics by power traders that the energy regulator says pushes up prices for consumers.
Walmart Inc. is cutting staffing levels at some e-commerce fulfillment centers in the US as the nation’s largest private-sector employer steps up investment in automation.
Los Angeles was struck by two tornadoes on Wednesday — one with the strongest winds in 40 years — as California braces for another round of rains and extreme weather next week.
If you buy low and sell high, chances are you’ll be richer and everybody will be happy. Sell low after borrowing high — what’s known as short selling — and you may be rich, but odds are that quite a few people will be displeased. Critics say that short sellers distort the market and that their practices can blur into market manipulation. “Shorts” say they’re keeping markets and companies honest. A series of negative reports from a short-selling firm, Hindenburg Research, have added fuel to the f
One week after the European Central Bank shirked from offering any signal about its next interest-rate move, hawkish officials are getting bolder about the need for further tightening.
Citigroup Inc. accused a former wealth manager of improperly trying to move client accounts worth $636 million to his new employer, Morgan Stanley.
