Coinbase, the leading U.S. cryptocurrency exchange, has unveiled its plan to offer crypto-linked derivatives in the European Union (EU). In pursuit of this goal, Coinbase has entered into an agreement to acquire an unnamed holding company that possesses a MiFID II license. This license enables Coinbase to offer regulated derivatives, including futures and options, to
US
SpaceX, led by tech billionaire Elon Musk, is facing serious allegations as the U.S. National Labor Relations Board (NLRB) files a complaint against the defense contractor. The complaint accuses the company of unlawfully terminating eight employees who had written an open letter criticizing Musk and raising concerns about the workplace’s handling of sexual harassment. This
Federal Reserve officials recently discussed the possibility of interest rate cuts in 2024, but the timing and certainty of such cuts remain unclear. The minutes from the meeting, released on Wednesday, reveal that while members expect three quarter-percentage point cuts by the end of 2024, there is a high level of uncertainty surrounding this projection.
Shares of Moderna experienced a significant surge of more than 15% on Tuesday following an upgrade by Oppenheimer, which now rates the stock as “outperform.” The upgrade is based on the belief that the Covid vaccine producer has the potential to market as many as five different products by 2026. This positive development comes after
Baby formula maker Reckitt Benckiser’s Mead Johnson Nutrition has issued a voluntary recall of certain batches of its Nutramigen Powder due to potential bacterial contamination, the U.S. Food and Drug Administration (FDA) reported. This recall affects infant formula specifically designed for children with cow’s milk allergies. The affected batches were produced in June and distributed
The past year has marked a significant decline in beer consumption in the United States, reaching its lowest level in a generation. This shift in consumer behavior can be attributed to various factors, including a growing preference for alternative alcoholic beverages and an increasing number of individuals abstaining from alcohol altogether. While Anheuser Busch, the
The dynamics at the U.S.-Mexico border present a tapestry of intricate challenges, Texas has enacted stringent measures, which have led to a significant number of migrants being detained and, in many cases, transported to sanctuary cities and states across America, including Florida. However, Arizona’s approach has been markedly different. The state has not implemented the
In a recent development, alarming reports have emerged regarding the Chinese spy balloon that traversed the United States earlier this year. U.S. intelligence officials have made a startling discovery – this espionage-filled balloon utilized an American internet service provider for communication purposes. These findings have raised serious concerns about the extent of Chinese infiltration, as
Boeing, the renowned aircraft manufacturer, is once again facing a setback as it urges airlines to conduct inspections on their 737 Max planes. The reason behind these inspections is a potential issue with a “possible loose bolt” in the rudder control system. This latest quality concern is a cause for concern, especially considering that the
In a significant victory, a US appeals court has temporarily lifted the import ban on Apple Watches, allowing the tech giant to resume sales of its latest models. The ban was imposed after an International Trade Commission (ITC) order found that the blood oxygen sensor in the watches infringed on the intellectual property rights of