Day: March 25, 2025
Asia markets set for higher open after Wall Street extends gains on hopes of softer Trump tariffs
pedestrians walking across with crowded traffic at Shibuya crossing square.Shibuya crossing is the busiest road crossing in the world. Shibuya, Tokyo, Japan, Jaczhou | E+ | Getty Images Asia-Pacific markets were set to open higher Wednesday, tracking Wall Street gains on expectations that U.S. President Donald Trump’s tariffs could be softer than expected earlier. Australia’s […]
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GameStop to invest corporate cash in bitcoin, following in footsteps of MicroStrategy
A general view of the GameStop logo on one of its stores in the city center of Cologne, Germany. Ying Tang | Nurphoto | Getty Images Video game retailer GameStop announced Tuesday its board has unanimously approved a plan to buy bitcoin with its corporate cash, a move that MicroStrategy became well-known for. The meme […]
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CDC is pulling back $11B in Covid funding sent to health departments across the U.S.
A general view of the Centers for Disease Control and Prevention (CDC) headquarters in Atlanta, Georgia. Tami Chappell | Reuters The Centers for Disease Control and Prevention is pulling back $11.4 billion in funds allocated in response to the pandemic to state and community health departments, nongovernment organizations and international recipients, the Department of Health […]
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Google quantum exec says tech is ‘5 years out from a real breakout’
A handout picture from October 2019 shows Sundar Pichai with one of Google’s Quantum Computers in the Santa Barbara lab, California, U.S. Picture taken in October 2019. Google/Handout via REUTERS THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY. Handout . | Reuters One of Google’s top executives working on quantum computers said he believe […]
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Federal housing agency will not cut Fannie Mae and Freddie Mac loan limits, new director says
A sign for Freddie Mac is seen at their corporate headquarters campus on Oct. 9, 2024 in Tysons Corner, Virginia. Kevin Dietsch | Getty Images The newly confirmed director of the Federal Housing Finance Agency, Bill Pulte, who now oversees mortgage giants Fannie Mae and Freddie Mac, said he will not lower the conforming loan […]
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With 23andMe entering bankruptcy, here’s how to delete your genetic data
Signage at 23andMe headquarters in Sunnyvale, California, U.S., on Wednesday, Jan. 27, 2021. David Paul Morris | Bloomberg | Getty Images 23andMe has officially filed for Chapter 11 bankruptcy protection, which means its assets — including its vast genetic database — will soon be up for sale. The company continues to sell its at-home DNA […]
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Treasury scraps reporting rule for U.S. small business owners
Key Points The Treasury’s Financial Crimes Enforcement Network (FinCEN) issued a rule that exempts all U.S. companies and U.S. owners from filing reports about “beneficial ownership information.” Lawmakers sought such information to help curb criminal activity and illicit finance conducted through opaque shell companies. It came with financial penalties for noncompliance. The move is part […]
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Chinese bubble tea chain Chagee files for U.S. initial public offering
Pedestrians walk past a CHAGEE store in Shanghai, China on March 14, 2025. CFOTO | Future Publishing | Getty Images Chinese bubble tea chain Chagee filed for a U.S. initial public offering on Tuesday, seeking to trade on the Nasdaq using the ticker “CHA.” The IPO filing comes as the company prepares to open its […]
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SEC will keep $50 million of Ripple fine and refund the rest to wrap case, legal officer says
Jakub Porzycki | Nurphoto | Getty Images Ripple and the U.S. Securities and Exchange Commission have reached an agreement to end their long-running legal battle. Following last week’s news that the SEC would drop its appeal without conditions, Ripple has now agreed to withdraw its cross-appeal, Chief Legal Officer Stuart Alderoty said on X Tuesday. […]
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Here’s how much Capital One would be worth post-Discover deal, according to one Wall Street firm
How much would Capital One’s stock be worth if it completes its blockbuster merger of Discover Financial Services ? The answer, according to one Wall Street firm, is a whole lot more. The news In a Tuesday note, BTIG analysts said they believe shares of Capital One would be worth $427 apiece if the Discover […]
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