Wall Street got more signs the Federal Reserve’s war against inflation isn’t breaking the economy — or at least not yet — with traders sending Treasury yields soaring amid bets on further rate hikes.
Coinbase Global Inc. is seeking dismissal of a lawsuit from the US’s top securities regulator, claiming allegations that the firm broke the agency’s rules lack merit.
Investors who have piled into Coinbase Global Inc. since BlackRock Inc. applied for a spot-Bitcoin exchange-traded fund earlier this month, should curb their enthusiasm, according to Berenberg.
President Joe Biden’s chief economic adviser said that inflation numbers should improve through the second half of the year and that there’s a reasonable chance the pace could get down around 2% by the time of the November 2024 election.
Julius Baer Executive Board member Yves Robert-Charrue said that the shock write-down of Credit Suisse AT1 bonds as part of its takeover by UBS Group AG contributed to the reputational damage for Switzerland’s financial sector.
Runway’s technology can make short movies based on a few words of text.Â
Polestar Automotive Holding UK Plc plans to use Tesla Inc.’s charging port in its future electric vehicles, making it the fifth automaker to embrace what could become the new standard in the US.
US Treasuries fell as the latest data showed a resilient economy and jobs market, underscoring the likelihood that the Federal Reserve will keep raising interest rates.
Ratings and research firm already rolled out Microsoft AI assistant to its employees
Electric aircraft startup Archer Aviation Inc. is mapping out a strategy for expansion to the Middle East and Asia at the same time as it continues work to secure certification for its air taxi in the US.
