By Medha Singh (Reuters) – Crypto startup funding rose for a second straight quarter to hit $2.4 billion in the first three months of 2024, Pitchbook data showed, as expectations of lower interest rates and the debut of the first U.S. bitcoin spot ETF whetted investor appetite. Funding was spread across 518 deals and rose …
Venture capital funding in crypto rises to $2.4 billion, Pitchbook says Read More »
By Julia Payne and Dmitry Zhdannikov BRUSSELS/LONDON (Reuters) -The United States is re-evaluating the strictest elements of a ban on Russian diamonds from the Group of Seven major democracies, after opposition from African countries, Indian gem polishers and New York jewellers, seven sources said. The sanctions package, agreed in December and including a ban across …
US lukewarm on G7 Russian diamond ban after industry backlash Read More »
(Reuters) -The Federal Reserve and two other U.S. regulators are moving toward a new plan that would significantly reduce a nearly 20% mandated increase in capital for the country’s biggest banks following lobbying efforts by industry CEOs like JPMorgan Chase’s Jamie Dimon, the Wall Street Journal reported on Sunday. Required increases in capital for banks …
US regulators reconsider capital hike for big banks, WSJ reports Read More »
By Lewis Krauskopf NEW YORK (Reuters) -A rebound that has taken the U.S. stock market to record highs this week may have further to run, if history is any guide. Fresh signs of a cooling economy calmed inflation worries in May, helping all three major U.S. stock indexes rise to records this week. The benchmark …
Stock market’s record-setting rebound may have further to go Read More »
By Anirban Sen and Tom Hals (Reuters) -Endeavor Group’s decision to deny minority shareholders the ability to veto a $13 billion deal to take the entertainment conglomerate private is the latest example of a company’s controlling investors risking lawsuits to avoid paying a higher deal price. At stake is a corporate governance safeguard that reassures …
Analysis-Endeavor’s $13 billion deal highlights push to sidestep minority shareholders Read More »
WASHINGTON (Reuters) – NASA and Boeing delayed the launch of Boeing’s Starliner crew capsule again on Friday, giving them four more days to assess a helium leak before attempting to launch the spacecraft’s first two astronauts into space, the space agency said Friday. Starliner’s liftoff from Florida has been delayed several times in May and …
Boeing Starliner’s debut crewed flight delayed again to check helium leak Read More »
By Dietrich Knauth NEW YORK (Reuters) – Crypto lender Genesis Global received court approval on Friday to return about $3 billion in cash and cryptocurrency to its customers in a bankruptcy liquidation, leaving its owner, Digital Currency Group, with no recovery from the bankruptcy. U.S. Bankruptcy Judge Sean Lane approved Genesis’ Chapter 11 liquidation plan …
Crypto lender Genesis to return $3 billion to customers in bankruptcy wind-down Read More »
By Nora Eckert VANCE, Alabama (Reuters) – The United Auto Workers failed in its effort to organize a Mercedes-Benz plant in Alabama, but the loss on Friday was a good result for a first effort in a historically anti-union state, labor professors and analysts said. Employees at the Vance, Alabama, plant voted 56% against joining …
Analysis-UAW’s stinging loss in Alabama won’t kill national organizing effort Read More »
(Reuters) – Apple is developing a slimmer version of the iPhone that is likely to be launched by 2025, the Information reported on Friday, citing three people with knowledge of the project. The potential thinner version is likely to be priced higher than Apple’s iPhone Pro Max, and is expected to be launched with the …
Apple set to release slimmer iPhone in 2025, the Information reports Read More »
(Reuters) -Biopharmaceutical company Rapport Therapeutics, backed by the venture capital arm of Johnson & Johnson, filed for an initial public offering in the United States on Friday. Rapport, which develops small molecule medicines for patients suffering from central nervous system disorders, is gearing up for a listing as the IPO market recovers from a slump …
