‘Dino’ cryptos to soak up institutional funds bound for altcoins: Analyst
Older, more established altcoins are likely to be the focus of institutional interest and investment, Maen Ftouni told Cointelegraph.
Read More
Democratic Senator Warner seeks Biden’s exit from presidential race, W.Post reports
WASHINGTON (Reuters) – U.S. Senator Mark Warner is attempting to assemble a group of Democratic senators to ask Joe Biden to exit the presidential race after last week’s debate performance, the Washington Post reported on Friday, citing two unidentified people with knowledge of the effort. Warner, the chair of the Senate Intelligence Committee, earlier this…
Intel nears $11 billion deal with Apollo for Ireland factory, WSJ reports
(Reuters) -Intel is in advanced talks for a deal with Apollo Global Management in which the equity firm would provide more than $11 billion to build a facility in Ireland, the Wall Street Journal reported on Monday. The move comes as Intel looks to expand its presence across the United States with a planned $100-billion…
Gap lifts annual sales forecast on Old Navy strength, shares surge
(Reuters) -Gap raised its annual sales forecast and its first-quarter results beat market expectations, boosted by strength in its Old Navy and Gap brands as budget-strained Americans snap up its trendy denim bottoms and active wear apparel. Shares of the company surged 21% after the bell as the Banana Republic owner saw strong spring shopping,…
Trading app Robinhood agrees deal with Pluto Capital to tap into AI
(Reuters) – Robinhood Markets said on Monday it had bought artificial intelligence-powered investment platform Pluto Capital, adding the trading app to a growing list of companies looking to offer AI tools to customers. Top technology companies are racing to build AI into their products and services. Generative AI, which aims to create human-like interactions by…
Final tests of US dairy samples are negative for bird flu virus, US FDA says
CHICAGO (Reuters) – Final testing of U.S. retail dairy samples came back negative for viable H5N1 bird flu virus, the Food and Drug Administration said on Friday. The FDA said it finished its laboratory research into 297 retail dairy samples tested for bird flu, after previously reporting that preliminary results showed the commercial milk supply…
US Supreme Court narrows reach of federal corruption law
By John Kruzel WASHINGTON (Reuters) – The U.S. Supreme Court sided on Wednesday with a former mayor of an Indiana city who was convicted in a case in which he was accused of taking a bribe, in a ruling that could make it harder for federal prosecutors to bring corruption cases against state and local…
Man charged with threatening to kill US presidential candidates found dead
By Jasper Ward WASHINGTON (Reuters) – A New Hampshire man charged with threatening to kidnap and injure Republican presidential candidates last year has been found dead, a U.S. attorney said in a court filing on Thursday. The jury had began their deliberations this week in the trial of Tyler Anderson, who had been accused of…
Boeing in talks with US defense department on impact of guilty plea, source says
By David Shepardson WASHINGTON (Reuters) -Boeing is in talks with the U.S. Defense Department over how the planemaker’s planned guilty plea could affect its extensive government contracts, a person briefed on the matter said. Late on Sunday, the Justice Department said in a court filing that Boeing had agreed to plead guilty to a criminal…
Home Builder Stocks Rise. It’s a Sigh of Relief After Fed Cut Rates.
The 10-year Treasury yield, which informs the direction of mortgage rates, was heading lower after the Fed’s rate cut.