(Reuters) - U.S. Securities and Exchange Commission (SEC) further delayed its decision on an application by asset manager BlackRock (NYSE:BLK) for its spot ethereum exchange-traded fund, according to a regulatory filing on Monday. BlackRock in November last year filed its application for its iShares Ethereum Trust, which will be listed on the Nasdaq if approved....
STAMFORD, Conn. - Philip Morris International (NYSE: NYSE:PM) has announced a partnership with the Women\'s Business Development Council (WBDC) to support female economic empowerment in Connecticut. The tobacco giant will invest $5 million over five years in the WBDC\'s Women\'s Economic Empowerment Initiative (WEEI), starting January 2025. The initiative aims to eliminate barriers to women\'s...
By Stephen Culp NEW YORK (Reuters) -Wall Street stocks closed lower on Monday, backing away from record highs, while U.S. Treasury yields ticked higher as investors looked ahead to key jobs data and Federal Reserve Chair Jerome Powell\'s congressional testimony later in the week. Bitcoin was being closely watched as the cryptocurrency inched closer to...
-- US stock index futures fell in evening deals on Monday, extending declines in Wall Street as uncertainty over the path of U.S. interest rates saw traders step back from recent record highs. Risk aversion before “Super Tuesday”- where 15 states are set to vote in the Presidential Election Primaries- also factored into market losses,...
By Raphael Satter WASHINGTON (Reuters) - A post on a hacker forum popular with cybercriminals has claimed UnitedHealth Group (NYSE:UNH) paid $22 million in a bid to recover access to data and systems encrypted by the \"Blackcat\" ransomware gang, according to two researchers. Neither UnitedHealth nor the hackers involved have commented on the alleged ransom...
In a bid to increase its institutional clients’ exposure to crypto, U.S. asset manager Fidelity has decided to enable Ethereum (ETH) trading starting October 28, according to a memo sent out by the company. Fidelity’s institutional clients will be enabled this month to buy, sell, and transfer ether, according to the memo whose contents were...
Facebook-owner Meta recorded a loss of over $3.5bn in the third quarter of this year, as the company continues to burn cash on its new Metaverse-related initiative. Overall, Meta saw its revenue fall 4% in the third quarter, while expenses rose by 19% year-over-year to $22.1bn. Compared to the previous year, operating income fell by...
Source: AdobeStock/Photocreo Bednarek U.S. investment firm CoinFund has unveiled plans to sell unregistered securities worth a total of $250 million, securing funds for further investments in crypto startups, according to three filings the company made with the country’s Securities and Exchange Commission (SEC). The New York-based business, which maintains a second headquarters in Miami, will...
Elon Musk. Source: a video screenshot, Elon Musk Zone / YouTube Elon Musk, CEO of Tesla and Twitter, has called on the Federal Reserve to cut interest rates to prevent a potential major recession as the US economy faces the possibility of a severe recession. In reply to a tweet that said a real economic...
Source: AdobeStock / Tom Cathie Wood, CEO of investment management firm ARK Invest, has acquired more shares of major cryptocurrency exchange Coinbase which has lost almost 90% of its value over the past year. The company purchased approximately $5.8 million worth of COIN stock on Thursday, split between the ARK Next Generation Internet (ARKW) and ARK Fintech...