British consumer sentiment improved in April on slowing inflation as well as expectations about further tax cuts, a monthly survey conducted by the market research group GfK revealed Friday. The consumer confidence index rose to -19 in April from -21 in March. The score was also better than economists\' forecast of -20. Among five indices...
The US House on Thursday approved a bill that prohibits the Federal Reserve from issuing a digital dollar, or central bank digital currency (CBDC), without explicit authorization from Congress. This legislation, known as the CBDC Anti-Surveillance State Act (HR 5403), passed with a vote of 216 to 192. Republicans voiced worries that a US CBDC...
Laser Digital – the crypto-focused subsidiary of Japanese asset manager Nomura – has launched an institutionally focused liquid staking fund on Polygon in collaboration with TruFin. The fund, titled the Laser Digital Polygon Adoption Fund, will provide institutional clients with exposure to Polygon’s native gas token, MATIC, while also tapping into native staking rewards. Liquid...
The value of the U.S. dollar index has moved modestly lower over the course of trading on Friday, as traders react to closely watched inflation data. Currently, the U.S. dollar index is trading at 100.41, down 0.11 points or 0.1 percent. The greenback is trading at 142.87 yen versus the 142.13 yen it fetched at...
By Xie Yu HONG KONG (Reuters) -Chinese developer Country Garden said on Wednesday a liquidation petition has been filed against it for non-payment of a $205 million loan, clouding its debt revamp prospects and undermining Beijing\'s effort to restore confidence in the property sector. Country Garden said in a regulatory filing it would \"resolutely\" oppose...
The Commerce Department released a report on Thursday showing wholesale inventories in the U.S. increased in line with economist estimates in the month of June. The report said wholesale inventories rose by 0.2 percent in June after climbing by 0.5 percent in May. The uptick matched expectations as well as the preliminary estimate. The modest...
The rise and fall of Sushiswap have highlighted the high volatility and rapid growth potential within the decentralized finance (DeFi) sector. By employing innovative yet controversial methods, it garnered significant market attention. Despite facing challenges due to internal issues, the community efforts have driven the resurgence of the platform. This journey underscores the critical importance of a...
(Reuters) -Tesla on Friday said it will increase prices for all Model Y cars in the United States by $1,000 on April 1, the automaker said on its website. \"Prices will increase by $1,000 for all Model Y trims on April 1,\" Tesla (NASDAQ:TSLA) said on its website. The company on March 1 had also...
Biopharmaceutical company CASI Pharmaceuticals, Inc. (CASI) announced Monday the appointment of Daniel Lang as Chief Financial Officer and Senior Vice President, effective July 8, 2024. Lang has more than 30 years of experience as a physician scientist, investor, and biotech executive. He is a cardiologist by training from UCSF, followed by 20 years of investment...
Akira Ransomware Singapore has become a clear and present danger to the cryptocurrency market in the Lion City. On June 8, Singaporean authorities warned local businesses about the rising threat of an Akira ransomware variant in the country. The Cyber Security Agency of Singapore (CSA), the Singapore Police Force (SPF), and the Personal Data Protection...