Business News
Musk's record $56bn pay deal rejected for second time
BBC - 3 Dec 2024 03:07
The judge said the pay package would have been the largest ever for the boss of a listed company.
Terns Pharma broadens beyond obesity drugs with upbeat data in leukemia trial
Market Watch - 3 Dec 2024 15:04Bitcoin, Not BRICS, Is the True Threat to US Dollar Reserve, Warns Wharton Professor
Bitcoin.com - 3 Dec 2024 03:45
Wharton’s Jeremy Siegel called Trump’s 100% BRICS tariffs ironic, noting bitcoin—which Trump backs—is a bigger threat to the dollar as a global reserve. Wharton Professor: Trump’s Bitcoin Advocacy Contradicts B...
Trump names billionaire banker Warren Stephens as envoy to Britain
New York Post - 3 Dec 2024 02:18
Stephens is the chairman, president and CEO of Little Rock, Arkansas-based financial services firm Stephens Inc., having taken over the firm from his father.
Enron announces return in elaborate prank by new owner: 'We're back. Can we talk?'
New York Post - 3 Dec 2024 00:04
An Enron parody backed by a t-shirt company seemingly announced the disgraced energy company's return to business on Monday.
Microsoft's Bitcoin dilemma: Ride $5 trillion BTC wave or avoid risk
Coin Telegraph - 3 Dec 2024 16:00
Microsoft's shareholders will soon vote on adding Bitcoin to its balance sheet. Will Michael Saylor's pitch Orange Pill the tech giant? What are the stakes and risks?
Predicting doubling of private-credit market, BlackRock strikes $12 billion deal for HPS
Market Watch - 3 Dec 2024 15:53Brazil Groups Stablecoins With Foreign Currency in New Regulatory Draft
Bitcoin.com - 3 Dec 2024 15:30
The Central Bank of Brazil has opened a public consultation on a regulatory draft that correlates the treatment of dollar-pegged stablecoins with foreign currency. The proposed rules, which will now be discussed with rel...
Vivek Ramaswamy says DOGE will 'carefully scrutinize' federal loans to Tesla rivals
Business Insider - 3 Dec 2024 14:45Larry Ellison is investing up to $165 million to turn University of Oxford science research into products
Business Insider - 3 Dec 2024 14:32
Larry Ellison's $165 million Oxford investment aims to transform research into products, in areas including health and clean energy.
Indian Expert Questions Legality of US Sanctions on BRICS Over Dollar Exit
Bitcoin.com - 3 Dec 2024 08:30
Duvvuri Subbarao, former Governor of the Reserve Bank of India, cast doubt on Donald Trump’s proposal to impose 100% tariffs on BRICS nations if they abandon the dollar, calling it legally and practically uncertain. He...
$113B Asset Manager Seeks SEC Approval to Launch XRP ETF as Market Booms
Bitcoin.com - 3 Dec 2024 02:30
A $113 billion asset manager has filed to launch a spot XRP ETF as the crypto’s value skyrockets over 400%, solidifying its third-largest rank. XRP ETF Proposal Filed by $113B Global Asset Manager for SEC Approval Wisd...
Gold Rises Ahead of Key U.S. Economic Data
Wall Street Journal - 3 Dec 2024 02:07
Gold edged higher in early Asian trade, ahead of key U.S. economic data this week such as the monthly jobs report for November.
Basic Materials Roundup: Market Talk
Wall Street Journal - 3 Dec 2024 23:57Auto & Transport Roundup: Market Talk
Wall Street Journal - 3 Dec 2024 23:55Financial Services Roundup: Market Talk
Wall Street Journal - 3 Dec 2024 23:54Wells Fargo to Sell San Francisco Headquarters
Wall Street Journal - 3 Dec 2024 23:54
The move is part of a broader shift in the bank's power base to the East Coast.
Alex Mashinsky Pleads Guilty to Fraud in Celsius Collapse Scandal
Bitcoin.com - 3 Dec 2024 23:53
Former Celsius CEO Alex Mashinsky pleaded guilty to commodities fraud and a fraudulent scheme to manipulate the price of Celsius's native token, facing up to 20 years in prison. Arrested in 2023, Mashinsky was accused of...
Okta shares pop 18% on earnings beat, strong guidance
CNBC - 3 Dec 2024 23:48
Okta shares soared on Tuesday after the company reported strong third quarter results
Google Cloud launches Veo AI video generator model on Vertex
Venture Beat - 3 Dec 2024 23:45
Unveiled at Google's I/O developer conference, Veo is Google DeepMind's response to competitors like Runway's Gen-3 and OpenAI's Sora.
Grayscale files for spot Solana ETF with SEC
Coin Telegraph - 3 Dec 2024 23:42
Grayscale joins 21Shares, Canary Capital, VanEck and Bitwise as the other ETF issuers looking to win the SEC's approval.