Grayscale Investments LLC won a key legal fight in its push to launch a Bitcoin exchange-traded fund, bringing the crypto industry to the precipice of tapping billions of dollars from everyday investors.
US officials unveiled their latest response to this year’s bank turmoil with proposals to boost oversight of midsize lenders and require them to prepare better for potential failures.
Oil rose, bolstered by equities in a choppy session, as traders weighed additional Russian supplies against further Chinese economic stimulus.
Alphabet Inc.’s Google is adding artificial intelligence tools from companies including Meta Platforms Inc. and Anthropic to its cloud platform, weaving more generative AI into its products and positioning itself as a one-stop shop for cloud customers seeking to tap into the technology.
VinFast Auto Ltd.’s 400% surge after going public in a SPAC merger earlier this month is the lone bright spot for blank-check deals completed in August.
Out of work and with their staff writers on the picket lines, five late-night TV hosts are using their new-found free time to create a podcast.
Hurricane Idalia is building strength in the Gulf of Mexico as it heads toward landfall Wednesday on Florida’s west coast, where it threatens to unleash floods and trigger blackouts.
Tuesday’s ruling isn’t the final word on approval of a spot Bitcoin ETF, but it still helped to boost spirits in a beaten-down sector.
Berkshire Hathaway Inc. bet big earlier this year that Florida’s reinsurance market would deliver huge premiums with minimal losses. Hurricane Idalia is about to offer a test of that calculus, with months of potential storms left this season.
US corn farmers and biofuel producers are poised to gain from turning ethanol into sustainable jet fuel — depending on how Washington writes the tax policy.
