Crypto asset manager Bitwise files for XRP ETP with securities regulator
(Reuters) – Crypto asset manager Bitwise has filed an initial registration statement with the U.S. SEC for an exchange-traded product…
Category: Business
Nike posts bigger-than-expected sales drop on stiff competition
(Reuters) -Nike posted a bigger-than-expected drop in first-quarter revenue on Tuesday, as the sportswear giant battles weak consumer demand for…
US FTC allows Chevron-Hess deal, bars John Hess from board
By Jody Godoy NEW YORK (Reuters) -The U.S. Federal Trade Commission allowed Chevron’s $53 billion purchase of Hess Corp on…
Citi warns some employees about misconduct by staff, contractors, memo says
NEW YORK (Reuters) – Citigroup warned some employees about fraud and unethical behavior and said it is considering tighter scrutiny…
US IPOs set to extend recovery after staging a solid comeback
By Niket Nishant and Manya Saini (Reuters) -The U.S. IPO market has bounced back strongly in 2024 after a nearly…
Alphabet to invest $3.3 billion for two data centers in South Carolina
(Reuters) – Alphabet plans to invest $3.3 billion in South Carolina to build two new data centers, CEO Sundar Pichai…
Citi joins hands with Apollo for $25 billion private credit program
By Niket Nishant (Reuters) – Citigroup and Apollo Global have partnered for a $25 billion private credit and direct lending…
FTC announces crackdown on deceptive AI claims, schemes
By Jody Godoy WASHINGTON (Reuters) -The U.S. Federal Trade Commission announced actions against five companies on Wednesday that it said…
Microsoft to spend $1.3 billion in Mexico on cloud, AI tech
MEXICO CITY (Reuters) -Tech giant Microsoft will invest $1.3 billion over the next three years to build up its infrastructure…
Qualcomm approached Intel about a takeover in recent days, WSJ reports
(Reuters) -Qualcomm made a takeover approach to chipmaker Intel in recent days, the Wall Street Journal reported on Friday, citing…