Wall Street is getting ready for a new batch of cryptocurrency exchange-traded funds: ethereum. Spot ether ETFs could hit the market as soon as this week, pending U.S. Securities and Exchange Commission approval, and Bitwise Asset Management’s Matthew Hougan plans to get in on the action. “What you’re seeing is this sort of the birth … Read more
NASA astronauts Butch Wilmore (R) and Suni Williams, wearing Boeing spacesuits, depart the Neil A. Armstrong Operations and Checkout Building at Kennedy Space Center for Launch Complex 41 at Cape Canaveral Space Force Station in Florida to board the Boeing CST-100 Starliner spacecraft for the Crew Flight Test launch , on June 5, 2024. Miguel … Read more
Federal Trade Commission Chair Lina Khan testifies during a hearing of the House Appropriations Subcommittee on Financial Services and General Government, May 15, 2024. Tom Williams | CQ-Roll Call, Inc. | Getty Images The Federal Trade Commission is planning to sue three large U.S. health companies over their practices as middlemen who negotiate prices for medications such … Read more
Aimee Harris, right, walks out of Manhattan federal court, Tuesday, April 9, 2024, in New York. Larry Neumeister | AP A Florida woman was arrested Monday in Georgia on motor vehicle, marijuana, and other misdemeanor state charges just one day before her scheduled voluntary surrender to begin a monthlong jail term for stealing and selling … Read more
HubSpot shares plunged 11% on Wednesday after a report said Alphabet isn’t going forward with plans to buy the software company. According to Bloomberg, Alphabet was in talks with HubSpot earlier this year, “but the sides didn’t reach a point of detailed discussions about due diligence,” the report said, citing people with knowledge of the … Read more
Senator Jeff Merkley (D-OR) speaks alongside members of the U.S. Senate Banking, Housing, and Urban Affairs Committee during a news conference to discuss the details of the Ending Trading and Holdings in Congressional Stocks (ETHICS) Act at the U.S. Capitol in Washington, D.C., U.S., April 18, 2023. Sarah Silbiger | Reuters A bipartisan group of … Read more
Former Democratic House Speaker Nancy Pelosi on Wednesday refused to explicitly endorse President Joe Biden as the party’s presidential nominee, and encouraged her colleagues in Congress to pause from making public statements either for or against Biden. “Let’s just hold off. Whatever you’re thinking, either tell somebody privately, but you don’t have to put that … Read more
[The stream is slated to start at 10 a.m. ET. Please refresh the page if you do not see a player above at that time.] Federal Reserve Chair Jerome Powell is set to testify on Capitol Hill before the U.S. House Financial Services Committee on Wednesday. The appearance comes after Powell appeared before the Senate … Read more
SeongJoon Cho/Bloomberg via Getty Images The U.S. Federal Reserve may start cutting interest rates before year’s end. That could make future trips abroad more expensive for the nation’s travelers. That’s due to how interest-rate policy affects the strength of the U.S. dollar. Here’s the basic idea: An environment of rising U.S. interest rates relative to … Read more
Automated distribution centers for Walmart grocery business. Courtesy: Walmart Walmart said Wednesday that it will open five automated distribution centers for fresh food across the country, as the retailer chases efficiency and its online grocery business grows. The discounter’s new facilities are roughly 700,000 square feet on average. Chilled and frozen areas have automation that … Read more