The Federal Reserve has joined its fellow U.S. banking regulators in deleting its crypto guidance of previous years, including notices that banks should get pre-approvals before they get involved in crypto activity. Now, all three agencies — including the Office …
BYD’s Earnings May Fuel Further Gains in Shares Versus Tesla
(Bloomberg) — BYD Co. shares’ strong lead over Tesla Inc. this year may get another lift from the Chinese electric vehicle maker’s first-quarter results, expected to show a solid start to 2025. Most Read from Bloomberg BYD’s Hong Kong-listed shares …
‘The best leaders get the most done with the fewest people’
Lip-Bu Tan is trying to engineer a turnaround at Intel.Dibyanshu Sarkar for AFP via Getty Images Intel’s CEO, Lip-Bu Tan, announced layoffs and a stricter RTO mandate in a Thursday memo. The company also reported flat revenue and a significant …
CME To Launch XRP Futures on May 19, Expanding Crypto Offerings to 4th Major Asset
The Chicago Mercantile Exchange (CME) Group is set to launch XRP futures contracts on May 19, expanding its cryptocurrency derivatives offerings to include a fourth asset after Bitcoin, Ethereum, and Solana. The XRP futures will be cash-settled and based on …
Bitcoin Reserves on Exchanges Drop to Lowest Level in Over Six Years as Public Companies Purchase 425,000 BTC
Bitcoin reserves on exchanges have dropped to their lowest levels since November 2018, with a significant decrease observed since November 2024. This reduction, totaling more than 425,000 BTC, is largely attributed to public companies acquiring the digital asset. According to …
Ex-Waymo CEO shoots back after Elon Musk’s Tesla earnings diss
Former Waymo CEO John Krafcik dismissed Tesla CEO Elon Musk’s latest jabs at the Alphabet company.Sean Gallup; Marc Piasecki/Getty Images Elon Musk said on Tuesday that Waymo robotaxis cost more money to build. The Tesla CEO said his company has …