Bloomberg Business

SEC Moves to Appeal Ripple Ruling That XRP Token Is Not a Security

The Securities and Exchange Commission asked a federal judge for permission to appeal her ruling that Ripple Labs’ XRP token is not a security when sold to the general public, arguing that the decision could affect other cases involving cryptocurrencies.

Canadian City of Kelowna Declares Fire Emergency

Record-breaking wildfires in Canada, which have already scorched an area larger than Greece, are heading toward key population centers, forcing tens of thousands to evacuate.

Arm’s Revenue Fell Last Year Ahead of IPO, Draft Filing Shows

Arm Ltd., a chip designer that is preparing for what would be the biggest initial public offering of 2023, saw its revenue decline about 1% in the last fiscal year, according to a draft filing for its IPO reviewed by Bloomberg.

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