Business
Stablecoin Tether’s reserves fell $16 billion in second quarter
Published by Reuters UK By Elizabeth Howcroft and Samuel Indyk LONDON (Reuters) -Tether, the world’s largest stablecoins by market value, said on Friday it had...
Crude Oil Falls Below $90, Gasoline Prices Decline for 61 Days
Published by The Street By Ellen Chang Gasoline is selling for an average of $3.92 a gallon. Crude oil prices fell below $90 a barrel...
U.S. SEC proposes boosting private fund disclosures on leverage, crypto
Published by Reuters UK By Katanga Johnson WASHINGTON (Reuters) -The U.S. Securities and Exchange Commission (SEC) on Wednesday proposed a rule to improve the quality...
Facebook-parent Meta forecasts revenue below estimates
Published by Reuters UK (Reuters) – Meta Platforms Inc on Wednesday forecast current quarter revenue below estimates after the Facebook-parent recorded its first ever quarterly...
US Senate passes bill to boost domestic semiconductor manufacturing
Published by AFP Washington (AFP) – The US Senate passed a bill on Wednesday to boost domestic production of semiconductors amid shortages of the microchips...
Walmart profit woes hit retail stocks, deepen consumer spending concerns
Published by Reuters By Medha Singh and Lewis Krauskopf (Reuters) -Shares of U.S. retailers slid on Tuesday after a forecast cut from industry bellwether Walmart...