By Hannah Lang WASHINGTON (Reuters) -U.S. President Donald Trump on Friday signed a law to create a regulatory regime for dollar-pegged cryptocurrencies known as stablecoins, a milestone that could pave the way for the digital assets to become an everyday way to make payments and move money. The bill, dubbed the GENIUS Act, passed …
Trump signs stablecoin law as crypto industry aims for mainstream adoption Read More »
(Reuters) -MIAX-parent Miami International Holdings on Friday reported a wider quarterly loss in its filing for a U.S. initial public offering, as investor interest in IPOs shows signs of revival. The U.S. IPO market, which faced a steep decline during the April selloff driven by volatile trade policies, has recently seen renewed activity, with high-profile …
MIAX-parent Miami International’s US IPO filing reveals wider quarterly loss Read More »
By David Shepardson WASHINGTON (Reuters) -A U.S. judge on Friday said he will hold an August 28 hearing on a request by the Justice Department and Boeing to approve an agreement that allows the planemaker to avoid prosecution on a charge stemming from two fatal 737 MAX plane crashes that killed 346 people. The deal, …
US judge sets August hearing on bid to end Boeing criminal prosecution Read More »
(Reuters) -Cryptocurrency exchange Bullish on Friday disclosed a quarterly loss compared to a year-ago profit in its paperwork for a U.S. initial public offering, amid rising investor interest in the sector. Bullish joins crypto exchange Gemini and crypto-focused asset manager Grayscale — both of which have confidentially filed for potential U.S. listings. Uncertainty surrounding President …
Crypto exchange Bullish’s US IPO filing reveals quarterly loss Read More »
By Jonathan Stempel (Reuters) -Los Angeles sued Airbnb, accusing the home rental company of allowing price gouging affecting at least 2,000 properties during January’s wildfires in Southern California, City Attorney Hydee Feldstein Soto said on Friday. According to a complaint filed in Los Angeles Superior Court, rental prices rose more than 10% for “at least …
Los Angeles sues Airbnb for alleged price gouging following wildfires Read More »
By Sabrina Valle NEW YORK (Reuters) -Union Pacific, the largest U.S. freight railroad operator, is exploring a possible acquisition of Norfolk Southern to create a $200 billion coast-to-coast rail network, a person familiar with the matter said. Talks are in early stages, the person said, with no guarantee talks will progress or that any deal …
Union Pacific, Norfolk Southern explore cross-continental railroad merger, source says Read More »
(Reuters) -U.S. President Donald Trump filed a lawsuit on Friday against Dow Jones, News Corp, Rupert Murdoch and two Wall Street Journal reporters, raising claims under federal libel law, court records show. A copy of the complaint was not immediately available. The case was filed in Miami federal court. (Reporting by Jonathan Stempel in New …
By Manya Saini (Reuters) -The crypto sector’s market value hit $4 trillion on Friday, according to CoinGecko, marking a milestone that reflects its shift from a nascent asset class to a central part of the global investment landscape. A wave of renewed optimism, regulatory clarity in key markets and rising institutional flows have catapulted the …
Crypto sector breaches $4 trillion in market value during pivotal week Read More »
(Reuters) -Chicago Federal Reserve Bank President Austan Goolsbee on Friday said the constant “drip drip” of new tariff announcements undercuts the idea that tariffs have only a one-time impact on prices, and without clarity on where they will end up the central bank will need more time to decide if rate cuts are appropriate. “We …
Fed’s Goolsbee: new tariff announcements may delay rate cuts Read More »
By Niket Nishant (Reuters) -American Express’ top brass reassured investors concerned about intensifying competition for affluent customers after resilient spending by cardholders helped the company surpass second-quarter profit estimates on Friday. A long history in the premium segment and targeted acquisitions in recent years have given the credit card giant the heft to provide more …
American Express allays competition concerns after profit beat Read More »
