Finance

Crypto Giant Tether Seeks Funding at $500 Billion Valuation

Crypto Giant Tether Seeks Funding at $500 Billion Valuation

Tether Holdings SA Chief Executive Officer Paolo Ardoino (Bloomberg) — Tether Holdings SA, issuer of the world’s largest stablecoin, is in talks with investors to raise as much as $20...

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Sam Bankman-Fried’s X Account Awakens, Sends FTT Token Soaring

Sam Bankman-Fried’s X Account Awakens, Sends FTT Token Soaring

On Tuesday evening, Sam Bankman-Fried’s verified X account posted a two-letter greeting, “gm,” short for “good morning.” While the greeting has become a familiar catchphrase in the crypto communit...

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Deutsche Bank says AI spending may be propping up the whole economy, but there are big questions about what comes next

Deutsche Bank says AI spending may be propping up the whole economy, but there are big questions about what comes next

Deutsche Bank analyst George Saravelos said AI spending is offsetting other economic headwinds. He recently said that without the huge capex from Big Tech, a recession would be more likely. ...

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Tariff hit looms over meeting of U.S. trade rep with Southeast Asian counterparts

Tariff hit looms over meeting of U.S. trade rep with Southeast Asian counterparts

By Danial Azhar and Rozanna Latiff KUALA LUMPUR (Reuters) -Hefty U.S. tariffs imposed on Southeast Asian countries will loom over a meeting between U.S. Trade Representative Jamieson Greer and his...

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Australian central bank blasts ASX for trading settlement failures

Australian central bank blasts ASX for trading settlement failures

By Scott Murdoch SYDNEY (Reuters) -Australia’s central bank said on Wednesday the Australian Securities Exchange must make “foundational changes” to its governance, culture and r...

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Australia Monthly Inflation Accelerates to Top of RBA Target

Australia Monthly Inflation Accelerates to Top of RBA Target

(Bloomberg) — A gauge of Australia’s monthly inflation accelerated in August to the top of the Reserve Bank’s 2-3% target, supporting the case for interest rates to remain on hold and s...

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