A recent survey of North American CFOs shows a notable shift in attitude when it comes to cryptocurrency, with 99% of CFOs now seeing it playing a role in their business. No, that’s not a typo, as massive adoption continues to take place. The near-term outlook is changing too. According to a Deloitte survey, nearly
Loews Corporation L on Monday reported its second-quarter 2025 net income of $391 million, or $1.87 per share, compared to $369 million, or $1.67 per share, in the same period last year. Total revenue rose to $4.56 billion from $4.27 billion. CNA Financial Corporation CNA contributed $274 million in net income attributable to Loews, down
Elon Musk, the CEO of Tesla Inc. TSLA, has expressed concerns over potentially losing control of the electric vehicle giant due to the influence of activist shareholders. What Happened: Musk, who currently owns a 12.8% stake in Tesla, is apprehensive about being dethroned by shareholders who may not align with his vision for the company’s future. He
A White House advisory group formed under President Donald Trump has released a comprehensive report urging federal agencies to clarify rules governing digital assets and accelerate the rollout of innovative crypto products. What Happened: The Working Group on Digital Asset Markets, established by executive order earlier this year, is calling on Congress and regulators to
PayPal PYPL has unveiled a new feature that allows users to connect their personal cryptocurrency wallets directly to merchant checkout pages, enabling seamless crypto payments across borders. What Happened: This latest enhancement further deepens the fintech company’s integration with digital assets. The process works by routing the crypto payment through exchanges, either centralized platforms like
Interest in digital assets has grown well beyond early adopters. As crypto continues to gain attention among mainstream investors, more individuals are considering it a serious part of their portfolios. This shift is creating new expectations for financial professionals, as clients seek help in managing the risks and opportunities associated with digital asset investing. A
Senator Cynthia Lummis (R-WY) has introduced a sweeping digital asset tax reform bill aimed at modernizing how cryptocurrencies are taxed in the United States, renewing her efforts to ease regulatory burdens on digital asset users. What Happened: The legislation, unveiled on July 3, proposes to resolve several long-standing tax complications in the crypto sector, including
This conversation with Yanis Varoufakis was recorded in July 2023. However, it reads like it was made for today. As inflation lingers, market volatility grows, and central banks face mounting pressure, Varoufakis’ warnings feel more urgent than ever. He argues the 2008 financial crisis never truly ended, only “morphed,” and that our current economic systems
A tectonic shift is underway in the asset-management industry, as investor disinterest in traditional mutual funds shows no signs of slowing. Instead, capital is pouring into exchange-traded funds (ETFs), favored for their flexibility, lower fees and tax advantages, forcing legacy players like Vanguard and BlackRock Inc. BLK to adapt. The $11 trillion U.S. ETF market
Bitwise CEO Hunter Horsley says 2025 marks a “watershed year” for crypto as regulatory clarity, institutional adoption and mainstream political support converge to reshape the investment landscape for digital assets. What Happened: Speaking with CNBC at the Bitcoin Conference 2025, Horsley emphasized that the most significant overhang on crypto markets, regulatory uncertainty, has flipped from