The US Department of Energy has revised its forecast for US crude oil production slightly downwards for this year and next, Commerzbank’s commodity strategist Carsten Fritsch notes...
Posts published in “Business”
With Starbucks Corp.’s stock in the midst of a hefty decline this year, activist investors continue to circle the coffee chain. The latest to do so, according to a report on Friday, is hedge fund Starboard Value...
Truth Social parent ended June quarter with $344 million in cash, posts revenue of $837,000...
As businesses push for workers to return to their desks, the threat of porch piracy — the theft of packages left at people’s homes — looms large. So, a new approach may be merited...
Sahm rule, meet Spotify: Pop music is often in sync with economic downturns, economists told MarketWatch...
It has been months since traders in the $27 trillion U.S. government debt market have seen a week like the one that’s about to end, with volatility so strong that it sent the benchmark 10-year Treasury yield through an unusually large range over the past five days...
Crypto exchange Binance’s security team has recovered or frozen over $73 million in stolen user funds so far this year, surpassing the $55 million recovered in 2023. This achievement highlights the company’s commitment to improving cryptocurrency security. Binance Recovers $73 Million in Stolen User Funds Crypto exchange Binance announced on Wednesday that its security team
On Thursday, bitcoin (BTC) leaped to a high of $62,729, representing a more than 26% jump from its Aug. 5 low of $49,577, recorded just three days earlier. The broader cryptocurrency market, which encompasses over 10,000 digital currencies, saw an 11.29% rise over the past 24 hours...
The U.S. Securities and Exchange Commission’s former head of internet enforcement, John Reed Stark, has raised concerns about Morgan Stanley’s 15,000 financial advisors promoting cryptocurrency investments, citing risks to retail investors and potential career consequences for advisors. He warned that the advisors could risk their Certified Financial Planner credentials if they fail to adhere to
Senior White House officials have reportedly engaged with cryptocurrency leaders to discuss industry concerns, facilitated by Representative Ro Khanna. This initiative continues the Biden-Harris administration’s efforts to engage with the crypto sector. Additionally, the Democrats have launched a “Crypto for Harris” initiative to help Vice President Kamala Harris gain support from the cryptocurrency community...