Trading firm and liquidity provider GSR’s Rich Rosenblum and Xin Song are slated to become the company’s co-CEOs as current CEO Jakob Palmstierna transitions to the role of president, the crypto market maker announced in a Wednesday press release. GSR’s Rich Rosenblum, Xin Song Transition Roles With Jakob Palmstierna According to the June 26 announcement,...
Alaska Airlines (ALK) announced Tuesday an investment in JetZero, a company developing a new blended-wing body (BWB) aircraft that will provide up to 50% less fuel burn and lower emissions. The investment reflects Alaskas commitment to advance new technology that will benefit the future of aviation, including those that enable the airlines path to net...
A look at the day ahead in European and global markets from Tom Westbrook The upbeat tone that\'s pushed stocks higher for weeks abruptly shifted overnight and left Asia markets drifting downward on Wednesday, with traders nursing losses and awaiting their next cues from Fed Chair Jerome Powell\'s testimony before Congress. Powell is expected to...
In the recent earnings call, Heineken (AS:HEIN) N.V. (HEIA.AS) discussed its full-year results for 2023, showcasing a mix of growth and challenges across its global markets. The company reported an organic net revenue increase of 5.5%, with a notable 10.8% rise in net revenue per hectoliter, despite a 4.7% dip in total beer volume. The...
The Switzerland market ended on a bright note on Monday with stocks holding early gains thanks to sustained buying right through the days session. Investors digested the nations producer price inflation data and looked ahead to the European Central Banks monetary policy announcement. The SMI closed up 105.04 points or 0.86% at 12,259.23, after scaling...
Police in Australia, in collaboration with blockchain analytics firm Chainalysis, have uncovered a massive crypto scam targeting Australian citizens. Over 2,000 compromised digital wallets were identified as part of their worldwide operation to combat cryptocurrency fraud. The collaborative effort focused on dismantling a global criminal network that employed a sophisticated phishing tactic to defraud victims...
The Singapore stock market has moved lower in back-to-back sessions, slipping almost 20 points or 0.6 percent along the way. The Straits Times Index now sits just above the 3,120-point plateau and it may take further damage on Tuesday. The global forecast for the Asian markets suggests mild consolidation ahead of key data later this...
FTX recovers $7.3 billion in assets, boosting the value of its bankruptcy claims.Photo by Bybit on Flickr/ CC BY 2.0 According to a Wednesday report by digital assets platform Matrixport, the market value of bankruptcy claims against crypto exchange FTX has more than tripled this year. This comes ahead of the founder and CEO Sam...
Indian shares opened on a positive note Monday as a benign June PCE inflation report from the United States lifted hopes for more interest rate cuts this year. The benchmark S&P BSE Sensex was up 323 points, or 0.4 percent, at 81,655 in early trade, while the broader NSE Nifty index was up 83 points,...
The North Korean Lazarus Group laundered $200 million worth of crypto into fiat currency between August 2020 and October 2023, according to an April 29 investigative report by crypto sleuth ZachXBT. The investigation examined over 25 exploits across various blockchains and traced illicitly gained funds through mixers, peer-to-peer marketplaces, and centralized exchanges to show how...