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News
Goldman Sachs now expects Fed to hike rates in September
14+ hour, 58+ min ago (138+ words) Sept 13 (Reuters) - Goldman Sachs now expects the U.S. Federal Reserve to raise interest rates by 25 basis points at its September policy meeting, reversing its previous forecast for rates to remain unchanged. The Wall Street bank said in a... Sept 13 (Reuters)…...
Revolut confirms sensitive customer data breach, falling for fake government requests
2+ day, 49+ min ago (167+ words) Sept 12 (Reuters) – British fintech Revolut confirmed that sensitive customer information was disclosed to an unauthorized third party after it received fraudulent requests sent from a legitimate government agency email domain, a spokesperson for the company told Reuters on Saturday. Here…...
Hidden crypto farm in Mexican mountains puts spotlight on cartel funding
2+ day, 6+ hour ago (710+ words) By Sarah Morland and Daniel Becerril TLAOLA, Mexico, Sept 12 (Reuters) – Nestled in the lush green mountains of Central Mexico, next to a sparsely traveled gravel road, few people had reason to wander close enough to hear the loud, mechanical whirring…...
Crypto entrepreneur pardoned by Trump donates £36 million to Farage’s Reform UK
2+ day, 21+ hour ago (110+ words) (Corrects first paragraph to say Friday, not Thursday) Sept 11 (Reuters) – Crypto investor Ben Delo said on Friday he is donating a record £36 million ($48.7 million) to Britain’s populist Reform UK party, handing Nigel Farage’s party a major financial boost as it…...
EU watchdog flags risk of abrupt market correction
4+ day, 4+ hour ago (291+ words) By Elizabeth Howcroft and Phoebe Seers PARIS, Sept 10 (Reuters) – A disconnect between deteriorating macroeconomic conditions and upbeat valuations risks triggering a market drop, the European Union’s financial watchdog said on Thursday, citing conflict in the Middle East and rising energy…...
Nasdaq to invest $100 million in Kraken parent to deepen tokenization push
4+ day, 5+ hour ago (195+ words) Sept 10 (Reuters) – Nasdaq said on Thursday its venture arm agreed to invest $100 million in Payward, parent company of cryptocurrency exchange Kraken, deepening a partnership aimed at developing infrastructure for trading tokenized equities. • Nasdaq said the companies aim to build infrastructure…...
US Bancorp executes first live transaction using dollar-backed USBDC stablecoin
5+ day, 5+ hour ago (149+ words) Sept 9 (Reuters) – U.S. Bancorp said on Wednesday it completed a live pilot transaction using its proprietary U.S. dollar-backed stablecoin, USBDC as lenders race to develop blockchain-based payment networks with stablecoins gaining wider adoption. Here are some more details: • The…...
Crypto, banks take lobbying war to US senators’ home states ahead of key vote
5+ day, 7+ hour ago (649+ words) Sept 9 (Reuters) – A fight over major cryptocurrency legislation has spilled into the congressional summer recess, with the crypto industry and the banking sector mounting a final lobbying blitz in senators’ home states ahead of a vote on the bill next…...
Kalshi’s $400 million-plus monthly commodity trade volume outpaces early crypto growth
6+ day, 6+ hour ago (292+ words) Sept 8 (Reuters) – Prediction market startup Kalshi said on Tuesday monthly commodities trading volume on its platform was four times that of cryptocurrency at the same point, seven months after launch. • Commodities trading reached more than $400 million of monthly volume, the…...
Bubs Australia secures permanent FDA nod for infant formula sales in US, shares jump
1+ week, 11+ hour ago (211+ words) Sept 7 (Reuters) – Bubs Australia said on Monday it secured permanent authorisation from the U.S. Food and Drug Administration to sell three infant formula products in the country, putting the stock on course for its biggest one-day gain since May 2022. • Shares…...