In an unexpected turn of events, Mark Cuban, the renowned billionaire and Dallas Mavericks owner, disclosed that he’s the latest casualty in the volatile world of cryptocurrency. The Background In a chat with DL News, a clearly surprised Cuban mentioned a suspicious movement in a crypto wallet associated with him. “I noticed 5 ETH went…
(Reuters) -SoftBank is looking for deals in artificial intelligence (AI), including a potential investment in OpenAI, after the blockbuster listing of its Arm unit, the Financial Times reported on Saturday. SoftBank’s founder and chief executive, Masayoshi Son, is looking to invest tens of billions of dollars in AI, the newspaper said, citing two people familiar…
WASHINGTON (Reuters) – The United States expects to announce additional aid to Ukraine next week, national security adviser Jake Sullivan said on Friday, while announcing President Joe Biden would host Ukrainian President Volodymyr Zelenskiy on Thursday at the White House. Zelenskiy is expected to meet with congressional leaders from both political parties while he is…
By Noel Randewich and Ankika Biswas (Reuters) – U.S. stocks ended sharply lower on Friday as chipmakers dropped on concerns about weak consumer demand, while rising Treasury yields pressured Amazon and other megacap growth companies. Chip equipment makers Applied Materials, Lam Research and KLA Corp all dropped more than 4%after Reuters reported TSMC had asked…
By Dawn Chmielewski, Kanjyik Ghosh and Dimpal Gulwani (Reuters) -Media entrepreneur Byron Allen has made a $10 billion bid to buy Walt Disney’s ABC television network and assets including the FX and National Geographic cable channels, a spokesperson for Allen said on Friday. Disney has also held exploratory discussions about selling ABC to regional TV…
By Nichola Groom (Reuters) – President Joe Biden’s goal to deploy 30,000 megawatts of offshore wind along U.S. coastlines this decade to fight climate change may be unattainable due to soaring costs and supply chain delays, according to forecasters and industry insiders. The 2030 target, unveiled shortly after Biden took office, is central to Biden’s…
By Manya Saini, Niket Nishant and Echo Wang (Reuters) -Shares in SoftBank’s Arm Holdings soared almost 25% above their Nasdaq debut price on Thursday, rekindling investor hopes for a turnaround in the moribund market for initial public offerings (IPO). The stock, which had opened at $56.10, notched a 24.68% gain to close at $63.59, giving…
By Stephen Culp NEW YORK (Reuters) – U.S. stocks ended sharply higher and the greenback jumped on Thursday as robust economic data failed to budge expectations that the Federal Reserve will leave its key interest rate unchanged next week. The rally boosted a broad array of assets. All three major stock indexes ended higher, as…
Gold prices remained steady near a three-week low on Thursday, as the latest data on U.S. producer prices and retail sales sparked concerns about the prolonged period of higher U.S. interest rates. This scenario had a ripple effect, boosting the value of the dollar and bond yields. Around 1:47 p.m. EDT (1747 GMT), spot gold…
By Huw Jones LONDON (Reuters) – This year’s bank turmoil showed some boards and senior management failed in their most basic responsibilities and more regulatory guidance may be needed, a global watchdog said. A handful of banks with more than $1 trillion in assets, including Credit Suisse and Silicon Valley Bank, either collapsed or were…
