ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailOn today’s episode of CNBC Crypto World, bitcoin hovers around $100,000 after the U.S. temporarily pauses tariffs on Canada and Mexico. Republican Senator Bill Hagerty of Tennessee announces a new bill to regulate stablecoins. Plus, Ripple Labs chief legal officer Stuart Alderoty breaks down some of the crypto-related developments so far under President Trump’s second term. Source link
Author: usaeverydaylife
Patrick Collison, CEO and co-founder of Stripe, speaking at 2022’s Italian Tech Week in Turin, Italy.Giuliano Berti | Bloomberg | Getty ImagesSAN FRANCISCO — What started as a casual roundtable at Stripe’s headquarters to discuss issues facing fintech companies turned into a billion-dollar acquisition that could become a defining moment for the industry.Last summer, Stripe hosted Wally Adeyemo, who was then deputy secretary of the Treasury Department, for a chat with a number of financial services providers. Among the attendees were Stripe CEO Patrick Collison and Bridge co-founder Zach Abrams. The two entrepreneurs had never met.Abrams, whose startup specialized in…
Hubie Brown is laughing. The 91-year-old NBA broadcaster very much enjoyed the question I just asked him:“If I had interviewed you when you were 50 years old and told you that you would still be broadcasting NBA games in your 90s, what would you have told me?”This is a man who coached Kareem and Oscar, coached against Kobe and LeBron, and called games featuring Walton and Wembanyama. His career has spanned A.I. (Allen Iverson) and A.I. (Artificial Intelligence), his voice a constant soundtrack of the NBA for multiple generations.In a broadcast this Sunday that will celebrate his 50 years as…
Prime Minister Justin Trudeau of Canada went for a threat of immediate retaliation and a late-night emotional address that produced a cliffhanger compromise.President Claudia Sheinbaum of Mexico opted for carrots over sticks, and backroom talks that led to an early deal.In the end, when all was said and done on Monday, hours before what would have been the start of a North American trade war, both leaders negotiated reprieves from President Trump on his threat to impose tariffs on the United States’ two top trading partners.And both had to provide relatively little in exchange.The different routes Mr. Trudeau and Ms.…
This is one of the stock profiles of StockStory , a fintech investing company seeking to identify long-term ideas that beat the market using an AI-driven approach. Cloudflare (NET) is a software as a service (SaaS) company that got its start by enhancing the speed and security of websites and applications. It has since evolved into a more comprehensive networking platform offering not only performance products but also cybersecurity products, edge computing services, and developer tools. The company reports fourth-quarter 2024 results on Thursday after the market closes. This report is not meant to call the quarter, but instead, to…
General Motors is laying off roughly half the employees who remain at its discontinued Cruise robotaxi business.The plans come two months after GM said it would no longer fund Cruise after spending more than $10 billion since acquiring the self-driving car business in 2016.”Today, Cruise shared the difficult decision to part ways with approximately 50% of its workforce,” Cruise said in an emailed statement. “We are grateful for their passion and contributions to help us reach this stage, and our focus is on supporting them into their next chapter with severance packages and career support.”Cruise had nearly 2,300 employees as of…
NEW YORK — As noon approached on a cold winter Saturday in Midtown Manhattan, the crowd packing Madison Square Garden perked up when Alicia Keys’ “Empire State of Mind” began to play in the World’s Most Famous Arena.The star of this college basketball matinee had arrived.St. John’s coach Rick Pitino, 72 and dapper as ever in a navy blue suit with white pocket square, appeared from the tunnel that led to the floor. The scene played out on the videoboard above the court for all to see as the chorus hit its crescendo.This is the Pitino Effect.Midway through Pitino’s second…
There’s no relief in sight for the U.S.-China tariff war, according to JPMorgan. In fact, the conflict over trade between the world’s two largest economies is probably poised to escalate, the bank said. Investors hoping for a truce between the Trump administration and China similar to that declared by Mexico and Canada on Monday are likely to be disappointed, JPMorgan’s chief China economist Haibin Zhu said in a note Tuesday. “It is not clear whether China and the U.S. could reach an agreement to reach a tariff truce,” the economist wrote. “The bar seems to be high,” he added. “We…
Google-parent Alphabet is among a host of earnings reports from some of the largest companies in the world this week that are top of mind for investors. Alphabet’s fourth-quarter results are due Tuesday after the stock market closes. The owner of YouTube and Fitbit is navigating questions surrounding its competitive standing in the artificial intelligence race, particularly tied to its search engine growth, infrastructure investments, and ongoing product innovation in AI models, self-driving technology and quantum computing. Analysts polled by LSEG expect Alphabet to earn $2.13 per share on $96.56 billion in revenue. Last quarter, the company exceeded estimates on…
An Amazon warehouse and distribution centre in an industrial park in Montreal, Quebec, Canada, on Thursday, Sept. 1, 2022. Graham Hughes | Bloomberg | Getty ImagesAmazon is set to face legal action from a Canadian union after the company’s decision to wind down warehouse operations in Quebec.The Federation of National Trade Unions, known as CSN, said Tuesday it plans to petition a court to order Amazon to reopen seven warehouses and restore the 1,700 jobs lost as a result of the closures.Amazon announced late last month it would phase out seven sites in Quebec “following a recent review” of its operations…
