News

The price of Bitcoin soared to the $40,000 level on Sunday after Tesla Chief Executive Elon Musk hinted on accepting the digital token for payments again, CNBC reported. Bitcoin gained...

Customers with state-chartered banks in Texas will access custody services for virtual currencies in a new announcement by the Department of Banking. The authorized banks will need to have sufficient...

American pet food retailer Chewy Inc. rebounded in the first quarter from the loss incurred the same period last year, the company reported in a statement on Friday. Net income...

NatWest Markets strategist John Briggs has backed Fed claims that the uptick in inflation is temporary, CNBC reports. Comments by Briggs come when consumer price index jumped 5% year over...

Citigroup Inc. will roll out on Thursday a credit card that will give up to 5% cash back on up to $500 of spending, CNBC reported. Head of U.S. branded...

China has initiated an official investigation on China Great Wall Asset Management Co. Vice President Hu Xiaogang over corruption concerns, Yahoo! reported. The Central Commission for Discipline Inspection said Hu...

American banks are now moving to entice corporate clients to park their additional cash in other money-market accounts, the WSJ reported. Lenders in the past months moved customers from deposits...

Money markets in the U.S. are anxious that high inflation may not go away anytime soon,  after an unforeseen 0.5%  rise in wages in May. Source: St. Louis Fed  SPY ...

Commodity Futures Trading Commissioner Dan Berkovitz took a look at decentralized finance and found that it was “probably illegal”, as noted in his public statement. Berkovitz said he searched DeFi...

Plans are underway for a $680 million First Solar’s third facility in Ohio, according to the company's press release. The solar-panel maker will begin construction once required permits and local...

Cryptocurrency exchange platform Coinbase Global Inc. has denied any involvement in the recovery of the $2.3 million crypto ransom paid to hackers, an official said in a post. Chief Security...

In May, China’s Producer Price Index increased by 9%, raising the cost of production while hurting business profits, according to data released by the National Bureau of Statistics of China....