Month: March 2025
Binance secures ‘largest investment ever’ in crypto as Abu Dhabi’s MGX pledges $2 billion
The Binance logo is displayed on a screen in San Anselmo, California, June 6, 2023. Justin Sullivan | Getty Images Emirati state-owned investment firm MGX announced a $2 billion investment into Binance, in what marks the cryptocurrency exchange’s first institutional investment and the “single largest investment” ever paird in crypto. In a joint press release, the firms […]
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CONVERGE LIVE updates: Top executives from Binance, Ferrari and OpenAI to speak on day 2
Guest highlights for Thursday Benedetto Vigna, CEO of Ferrari, speaks during the Reuters NEXT conference, in New York City, U.S., December 10, 2024. Mike Segar | Reuters Former U.K. Prime Minister David Cameron, Ferrari CEO Benedetto Vigna, Binance CEO Richard Teng and LIV Golf CEO Scott O’Neil are among the key speakers scheduled to take […]
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SpaceX scrubs astronaut flight that was to retrieve stuck astronauts
SpaceX Crew-10 commander Anne McClain waves alongside crewmates upon their arrival at the Launch and Landing Facility at the Kennedy Space Center in Cape Canaveral, Florida, on March 7, 2025. The crew, NASA pilot Nichole Ayers, Roscosmos cosmonaut Kirill Peskov, JAXA astronaut Takuya Onish and NASA commander Anne McClain are scheduled to launch March 15 […]
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Meta goes to arbitrator to prevent whistleblower from promoting tell-all book
This photo illustration created Jan. 7, 2025, shows an image of Mark Zuckerberg, CEO of Meta, and an image of the Meta logo. Drew Angerer | Afp | Getty Images Meta is seeking to stop the promotion of a new memoir by a former staffer that paints the social media company in an unflattering light, […]
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Asia-Pacific stocks set to rise after soft U.S. inflation report pushes two Wall Street benchmarks up
Filming an elevated overpass in Shanghai evening on a high-rise building Guowei Ying | Moment | Getty Images Asia-Pacific markets are primed to rise on Thursday after a soft inflation report in the U.S. helped two of the three benchmarks on Wall Street reverse course from two days of losses. The consumer price index — […]
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Judge blocks Trump’s executive order seeking to punish law firm Perkins Coie
U.S. President Donald Trump speaks before signing executive orders in the Oval Office of the White House on March 6, 2025 in Washington, DC. Alex Wong | Getty Images A federal judge blocked President Donald Trump’s administration Wednesday from enforcing portions of an executive order designed to punish a prominent law firm linked to Democratic-funded […]
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S&P 500 futures are little changed after index posts first winning session in three: Live updates
Traders work on the floor of the New York Stock Exchange (NYSE) on March 12, 2025 in New York City. Spencer Platt | Getty Images S&P 500 futures were little changed Wednesday evening after the index posted a winning session in what has been a rocky week. Futures tied to the broad market index slipped […]
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Stocks making the biggest moves after hours: Adobe, Intel, American Eagle Outfitters and more
Check out the companies making headlines in after-hours trading: Adobe — The software vendor’s shares slipped around 3% after the company issued an outlook for the fiscal second quarter that failed to impress investors. Adobe said revenue for the period would range between $4.27 billion and $4.30 billion, compared to the StreetAccount consensus estimate of […]
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Intel appoints Lip-Bu Tan as CEO to orchestrate turnaround at struggling chipmaker, stock jumps 12%
Lip-Bu Tan appointed chief executive officer of Intel Corporation Courtesy: Intel Intel said on Wednesday that it had appointed Lip-Bu Tan as its new CEO, as the chipmaker attempts to recover from a tumultuous four-year run under Pat Gelsinger. The stock jumped 12% in extended trading. Tan was previously CEO of Cadence Design Systems, which makes software […]
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JPMorgan cuts Tesla price target, sees stock getting slashed in half
JPMorgan forecasts an even greater fall for Tesla shares amid rising boycotts and protests of the brand around the world. Analyst Ryan Brinkman cut his price target on the stock to $120 from $135, which implies shares plunging around 48% from Tuesday’s close. The outlook for deliveries and pricing looks difficult for the electric vehicle […]
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