Photo: Maria Korneeva (Getty Images) The prospect of owning a house has never felt more out of reach for renters. Renters’ self-assessed probability of ever owning a home fell 4.3 percentage points to a record low 40.1% as of February, according to a New York Federal Reserve survey published Monday. Wegovy and Ozempic: Are we
SEATTLE (AP) — Changpeng Zhao, the founder of Binance, the world’s largest cryptocurrency exchange, faces sentencing Tuesday in a Seattle courtroom, where U.S. prosecutors are asking a judge to give him a three-year prison term for allowing rampant money laundering on the platform. Are self-driving cars safe enough yet? Zhao pleaded guilty and stepped down
Illustration: Westend61 (Getty Images) After days of tumultuous trading, Bitcoin finally reached $65,000 Friday morning, thanks to its big halving event. The jump in Bitcoin price is a relief for investors as giant banks such as JPMorgan and Goldman Sachs were less confident about the top cryptocurrency in their recent reports. TSMC beat on Q2
Bitcoin is getting jittery before the big ‘halving’ event scheduled for Friday. The top cryptocurrency fell to $59,900 on Wednesday for the first time since early March, almost 17% below its all-time high. Could Middle East tension escalate oil prices? Many of the other major cryptocurrencies also dropped Wednesday, including the second-largest, Ether, which has gone
Photo: Jose Cabezas (Reuters) Bitcoin is going through a topsy-turvy phase as Bitcoin halving is on the horizon. The top cryptocurrency jumped yesterday after learning that Hong Kong had approved spot Bitcoin ETFs, but it fell again soon after. The cryptocurrency continued its decline on Tuesday morning with an over 4% drop in a day
Among all cryptocurrencies, stablecoins have always faced the most scrutiny from financial regulators. However, they also have supporters who speak about their benefits to the financial world. Recently, the CEO of Cantor Fitzgerald, the custodian of stablecoin Tether, discussed the potential benefits of stablecoins and the future of asset tokenization in the U.S. economy. Dow
Stocks struggled to regain momentum Tuesday afternoon following a morning dip, as economists predicted that Wednesday’s Consumer Price Index report would show a 3.4% annual inflation rate, up from 3.2% in February. Investors have been hoping for the Federal Reserve to cut interest rates as joblessness remains low and inflation wanes. But a potential inflation
Barclays will cut several hundreds of jobs in the coming months.Image: Olivia Harris (Reuters) Barclays and Citigroup are set to cut jobs from their investment bank divisions, people familiar with the cuts told Bloomberg on Wednesday. These cuts follow follow a spate of similar layoffs across other big banks. Is it too late to invest
Illustration: Dado Ruvic (Reuters) The U.S. Securities and Exchange Commission (SEC) is considering whether to classify Ether, the second-largest cryptocurrency by market cap, as a security. Fortune reports that the financial watchdog has sent subpoenas to three companies as part of probe of the Ethereum Foundation, the ecosystem that works behind the Ethereum blockchain network.
As the world’s most significant chipmaker faces a lawsuit over allegedly training its AI model on copyrighted work, Nvidia’s deputy general counsel said at the chipmaker’s AI tech conference he doesn’t see intellectual property law being extended to generative AI model creations. At a conference session focused on the technology’s ethical challenges today (Mar. 18), Nvidia’s