By Tom Wilson and Vidya Ranganathan (Reuters) – Digital stablecoin tether is winning the race for the title of the crypto world’s “least risky” asset. As a regional U.S. banking crisis widens and a regulatory crackdown on crypto firms deepens, investments within the cryptosphere are moving into tokens and coins perceived as relatively safe. Tether…
By Lisa Richwine and Dawn Chmielewski LOS ANGELES (Reuters) – (This May 8 story has been corrected to say that Yahlin Chang is the co-showrunner and executive producer of ‘The Handmaid’s Tale’, and not co-executive producer and writer, in paragraph 2, and to change the description of ‘American Born Chinese’ in paragraph 13) Writing for…
By Chavi Mehta (Reuters) -Videogame publisher Electronic Arts Inc beat fourth-quarter booking estimates on Tuesday as gamers stuck with familiar titles such as “FIFA” and “Madden NFL”, sending the company’s shares up about 3% after the bell. Elevated levels of inflation have forced gamers to get picky with the titles they choose to buy, with…
By Lisa Baertlein LOS ANGELES (Reuters) -Amazon.com is offering U.S. customers $10 to pick up a purchase rather than have it shipped to a home address, as the e-commerce giant joins other retailers in racing to slash costs for home delivery and returns amid slack consumer demand. Amazon said the promotion is not a cost-cutting…
(Reuters) -Twilio Inc on Tuesday forecast second-quarter revenue below estimates on shrinking demand for cloud services, sending the company’s shares tumbling nearly 13% in extended trading. The San Francisco-based cloud service provider had benefited during the pandemic on strong demand from businesses looking to operate amid lockdowns, but its growth has inched lower as customers…
(Reuters) – The metaverse could contribute as much as $760 billion or about 2.4% to U.S. annual gross domestic product (GDP) by 2035, according to a study commissioned by Facebook owner Meta Platforms. The concept of the metaverse includes augmented and virtual reality technologies that allow users to immerse themselves in a virtual world or…
By Foo Yun Chee BRUSSELS (Reuters) – Amazon, Alphabet’s Google, Microsoft and other non-European Union cloud service providers looking to secure an EU cybersecurity label to handle sensitive data can only do so via a joint venture with an EU-based company, according to an EU draft document seen by Reuters. U.S. tech giants and others…
By Diego Oré MEXICO CITY (Reuters) – U.S. retail giant Walmart wants to get on top of Mexico’s fintech market with its Cashi digital wallet, yet analysts say its drive is strewn with potential pitfalls due to the proliferation of risky clients in the largely untapped market. Walmart de Mexico (Walmex) in April said it…
By Jody Godoy NEW YORK (Reuters) -Ishan Wahi, a former Coinbase Global Inc product manager, was sentenced on Tuesday to two years in prison in what U.S. prosecutors have called the first insider trading case involving cryptocurrency. U.S. District Judge Loretta Preska sentenced Ishan Wahi, 32, in Manhattan federal court after the defendant pleaded guiltyin…
By Andrew Goudsward (Reuters) – Indicted FTX founder Sam Bankman-Fried has renewed his attacks on the bankrupt cryptocurrency exchange’s law firm as he mounts his defense against a raft of fraud, money laundering and campaign finance charges. Bankman-Fried late Monday asked a judge to designate FTX’s current leadership and the exchange’s attorneys at law firm…
