Coinbase Sues SEC for Crypto Rulemaking Refusal

Coinbase has filed a lawsuit against the Securities and Exchange Commission (SEC), seeking a court directive for the regulatory authority to establish clear guidelines for the cryptocurrency sector. In the lawsuit detailed in their March 11 court submission, Coinbase challenged the SEC’s lack of formal rulemaking for the crypto sector, asserting that the agency’s actions...

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U.S. Dollar Spikes Up After PCE Data

The U.S. dollar firmed against its major counterparts in the New York session on Friday, as a key inflation reading matched expectations, supporting expectations for a rate cut next month. Data from the Commerce Department showed that the personal consumption expenditures (PCE) price index rose by 0.2 percent in July after inching up by 0.1...

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Analysis-AI talent war heats up in Europe

By Martin Coulter LONDON (Reuters) - An influx of artificial intelligence (AI) startups is heating up the battle for technical talent in Europe, leaving companies like Google (NASDAQ:GOOGL) DeepMind to choose between paying big or losing out on the region\'s best minds. The runaway success of OpenAI\'s ChatGPT has energised investors, who have been pouring...

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Indian Shares Likely To Open Higher

Slightly higher GIFT Nifty futures and overnight positive close on Wall Street indicate a higher open for Indian shares Friday morning. Upbeat economic data, Microns strong fourth-quarter earnings, and expectations of more interest rate cuts by the Fed lifted the major averages to a positive close on Thursday. Asian stocks are broadly higher on Friday,...

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