Microsoft Reports Spike in Data Center Spending, Results Don’t Meet High Hopes
Microsoft reported a steeper climb in spending than Wall Street expected, fueling anxieties about the high costs of providing AI…
US stocks fall sharply as Fed’s Jerome Powell says December rate cut not a foregone conclusion
US stocks fell sharply on Wednesday as Federal Reserve chairperson Jerome Powell said a December rate cut was not a…
US Fed cuts rates by 25 bps as govt shutdown casts a shadow on economic outlook
The US Federal Reserve on Wednesday cut interest rates, lowering the benchmark federal funds rate by 25 basis points to…
US Fed's Jerome Powell says December rate cut not a certainty, "far from it"
Federal Reserve Chair Jerome Powell indicated that a further interest rate cut in December is not guaranteed, citing “two-sided risks.”…
Mastercard nears acquisition of crypto firm Zerohash for up to $2B – report (MA:NYSE)
Robert Way Mastercard (MA) is in late-stage talks to acquire Zerohash, a crypto and stablecoin infrastructure startup, for $1.5B-$2.0B, according…
New CLO Fund Comes to Blockchain: Securitize CEO
Securitize confirmed this week it is in the process of going public through a blank-check company started by Cantor Fitzgerald.…
Losses Grow as Powell Pours Cold Water on December Rate Cut
A solid down day in crypto is morphing into a plunge after Federal Reserve Chairman’s unexpectedly hawkish remarks at his…
US Treasuries yields rise further after Fed cuts rates, says will end QT
U.S. Treasury yields extended their rise on Wednesday after the Federal Reserve cut interest rates by a quarter of a…
Holding on Lows After Fed Rate Cut
As widely anticipated, the U.S. Federal Reserve cut its benchmark interest rate range by 25 basis points to 3.75% to…
Adidas shares fall 10% as CEO flags heavy discounting in ‘nervous’ US market
Adidas’ CEO said on Wednesday that “nervous” retailers in the United States were ordering less product upfront as they waited…