On Feb. 4, newly appointed crypto czar David Sacks said in a press conference that the bicameral crypto working group is looking into a strategic Bitcoin reserve (SBR) and highlighted that “the concept of the sovereign wealth fund is a little separate.” Indeed, sovereign wealth funds (SWFs) have been loosely understood by the cryptoverse, often mistaken for […]
It’s been less than a month since a new Tesla fast-charging site opened behind the AC Hotel in Frisco. The location is meant to help electric vehicles make longer trips into the mountains. In its first few weeks of operation, users have raved about the station on Plugshare, a crowdsourced app where EV drivers rate […]
Florida Republican Senator Joe Gruters has introduced a bill proposing the investment of part of the state’s funds in Bitcoin and other digital assets to counter rising inflation. It follows a string of other US states recently moving toward the same goal. “The state should have access to tools such as Bitcoin to protect against […]
Amazon.com removed a reference to “inclusion and diversity” in its annual report filed on Thursday, after it told employees in a December memo that it was winding down its programs as part of corporate America’s broader retreat from such policies. Some of America’s biggest businesses have been scaling back diversity initiatives, years after pushing for […]
New ATMs are popping up across the state, but these machines don’t dispense any money. Instead, you deposit money and get cryptocurrency in return. But thanks to scammers, some are finding once they make that deposit, the money is gone forever. “It really sounded legitimate,” Tamara Glerum said. Glerum thought she was doing everything right. […]
Job creation was weaker than expected in January, the Bureau of Labor Statistics reported Friday. Nonfarm payrolls rose by a seasonally adjusted 143,000 for the month, down from an upwardly revised 307,000 in December and below the 169,000 forecast from Dow Jones. The unemployment rate nudged lower to 4%. The report also featured significant benchmark […]
Gold pared gains from a new all-time high, as trade-war worries bolstered haven demand and there were continued signs of short-term tightness in the market. Bullion rallied as much as 1.4% to exceed $2,882.36 an ounce before paring some gains after Bloomberg reported that US allies expect President Donald Trump’s administration to present a long-awaited plan to […]
Chinese online retailer Temu has been surfacing more products on its app that can be shipped from warehouses in the U.S. following President Donald Trump’s decision to revoke a popular tax loophole. The nearly century-old exception, known as de minimis, has been used by many e-commerce companies to send goods worth less than $800 into the U.S. […]
An Ohio lawmaker has introduced a second bill to allow the state to invest in Bitcoin to create a local reserve of the cryptocurrency. Ohio Senate Bill 57, referred to the Financial Institutions, Insurance, and Technology Committee on Jan. 29, authorizes the state’s treasurer to invest state funds solely into Bitcoin to create an “Ohio Bitcoin Reserve Fund.” […]
The U.S. Postal Service said it would temporarily suspend parcels from China and Hong Kong, after President Donald Trump ended a trade provision this week used by retailers including Temu and Shein to ship low-value packages duty-free to the U.S. The Trump administration imposed an additional 10% tariff on Chinese goods that came into effect on Tuesday […]
The CEO of the largest steel producer in the U.S., Nucor Corp., endorsed President Donald Trump’s tariffs on China, Canada and Mexico, Fox News Digital learned. “Nucor applauds the first steps taken by President Trump in his America First Trade Agenda,” Leon J. Topalian, the chair, president and CEO Nucor Corp., wrote in a statement […]
Financial technology unicorn GoCardless more than halved losses in 2024 and said it’s aiming to reach full-year profitability by 2026. The London-based startup, which helps businesses collect recurring payments such as subscriptions, reported a net loss of £35.1 million ($43.8 million) in the full year ending June 30, 2024. That was a 55% improvement from […]
