FINANCE
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Coinbase revenue soars by 72% to $1.6 billion, smashing analysts’ predictions
The largest U.S. cryptocurrency exchange posted first-quarter revenue of $1.6 billion, a 72% increase quarter-on-quarter. Reported net income for Coinbase…
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‘Google is winning because it’s better,’ lawyer tells antitrust judge. His response: that’s odd
The judge overseeing a pivotal antitrust trial focused on whether Google is stifling competition and innovation repeatedly indicated Thursday that…
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How Hakeem Jeffries, a future speaker of the House, may already be wielding that kind of power
Without wielding the gavel or holding a formal job laid out in the Constitution, Rep. Hakeem Jeffries might very well be the…
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Florida braces for hurricane season with $850 million ‘catastrophe bond’ issuance
Forecasts of a ”potentially explosive” hurricane season and high operating costs continue to dog Florida’s home insurers. But there are…
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FTC rocks oil industry with claim that Texas executive was colluding with OPEC to fix prices
The US Federal Trade Commission declined to challenge Exxon Mobil Corp.’s $60 billion purchase of Pioneer Natural Resources Co. but…
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BlackRock reports first outflows as Bitcoin ETFs shrink 20% since March
The 10 U.S. spot Bitcoin exchange-traded funds continue to unravel. On Wednesday, outflows were recorded from every ETF for the…
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Holocaust survivors launch #CancelHate campaign amid antisemitic incidents, protests
Herbert Rubinstein was 5 years old when he and his mother where taken from the Jewish ghetto of Chernivtsi and put on…
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Biden to address nationwide campus protests, White House official says
President Joe Biden will speak about student protests over the war in Gaza on Thursday, according to a White House official, breaking…
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Elon Musk’s firing of Tesla Supercharger team sparks concern about future of EV industry
Elon Musk is on the warpath. Now the electric vehicle industry is no longer growing exponentially, he’s pivoting towards robotics…
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Uber targeted with $300m lawsuit from London black cab drivers
Uber is facing a nine-figure lawsuit from London’s black cab drivers, marking a dramatic turn in the long-running feud between…
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