(Reuters) – The U.S. Securities and Exchange Commission’s new leadership said on Tuesday it had created a task force to develop a regulatory framework for crypto assets, in the first major move by President Donald Trump’s new administration to overhaul crypto policy. Trump, who campaigned on promises to be a “crypto president,” has pledged to …
US SEC unveils task force to start work on crypto regulations Read More »
By Shariq Khan and Georgina McCartney NEW YORK/HOUSTON (Reuters) – Warren Buffett’s Pilot Co is shuttering its international oil trading business, ending an excursion into the trillion-dollar global market to refocus on its Pilot Flying J service stations and truck stops in the U.S., three sources told Reuters on Tuesday. The company, a unit of …
Exclusive-Warren Buffett’s Pilot Co shuts oil trading business, sources say Read More »
(Reuters) – President Donald Trump on Tuesday announced that three leading companies would make a large investment in artificial intelligence infrastructure. OpenAI, SoftBank (9984.T), and Oracle (ORCL.N) will form a joint venture called Stargate, with a plan to invest $500 billion, Trump said at the White House. Trump said he will help facilitate the project …
OpenAI, SoftBank, Oracle to invest $500 billion in AI, Trump says Read More »
By Tom Westbrook, Elizabeth Howcroft and Chibuike Oguh NEW YORK/SINGAPORE/PARIS (Reuters) -Bitcoin, the world’s largest cryptocurrency, approached the previous session’s record high on Tuesday in choppy trading as the top U.S. markets regulator unveiled a plan to overhaul rules for the sector. Bitcoin hit a record high $109,071 on Monday when Trump, who has pledged …
Bitcoin gains as US SEC gives crypto its first policy win Read More »
By Davide Barbuscia NEW YORK (Reuters) – The U.S. sovereign debt profile remains on an unsustainable path with deficits likely to widen more than what has been recently projected by the Congressional Budget Office, an analyst at investment firm DoubleLine said on Tuesday. The CBO, a non-partisan budget agency, last week issued fresh forecasts for …
US fiscal path unsustainable despite improved budget forecasts, says DoubleLine Read More »
By Rajesh Kumar Singh CHICAGO (Reuters) – United Airlines on Tuesday forecast a stronger-than-expected profit in the current quarter, after its earnings topped Wall Street estimates in the fourth quarter on robust travel demand and improved pricing power. The Chicago-based airline’s shares were up about 4% in after-hours trading. United said it is witnessing a …
United Airlines offers an upbeat outlook on improved pricing power Read More »
By Sarah Kinosian MEXICO CITY (Reuters) – On Monday night, President Donald Trump called for the State Department to label Mexican cartels as “foreign terrorist organizations,” a move that increases the reach of U.S. law enforcement over the criminal groups but risks complicating international business, restricting asylum claims, and straining relations with Mexico, analysts say. …
(Reuters) – Former Pioneer Natural Resources CEO Scott Sheffield sued the U.S. Federal Trade Commission on Tuesday, saying it violated the law by barring his inclusion on Exxon Mobil’s board when the company acquired Pioneer in a deal worth $59.5 billion. The lawsuit filed in Fort Worth, Texas, seeks to overturn the FTC’s order from …
Ex-Pioneer CEO sues FTC for banning him from Exxon board Read More »
(Reuters) – Capital One Financial reported a 60% rise in fourth-quarter profit on Tuesday, as a higher income from interests helped the consumer lender. Consumer spending has remained strong on hopes of a soft landing for the economy and falling interest rates, helping companies like Capital One rake in more from interest payments on credit …
Capital One’s fourth-quarter profit jumps on interest income boost Read More »
By Nate Raymond BOSTON (Reuters) – A cryptocurrency financial services firm agreed on Tuesday to plead guilty to U.S. charges that it offered to help manipulate the market for a digital token created at the FBI’s behest to help uncover fraud in the crypto sector. United Arab Emirates-registered CLS Global was one of the three …
Cryptocurrency financial firm to plead guilty after novel FBI probe Read More »
