Onramp and Arch Launch Bitcoin-Backed Lending Service
The new lending product allows Bitcoin holders to access liquidity without selling their assets.
Meta Platforms’ Record Winning Streak Puts Stock Split in View
(Bloomberg) -- Meta Platforms Inc.’s recent record-breaking, 20-day rally propelled the share price to a level where investors may start calling on the company to split its stock for the first time since going public in 2013. Most Read from BloombergTrump to Halt NY Congestion Pricing by Terminating ApprovalSorry, Kids: Disney’s New York Headquarters Is for Grown-UpsAirbnb Billionaire Offers Pre-Fab Homes for LA Fire VictimsChild Migrant Watchdog Gutted in DOGE CutsChicago Council Delays $830 Mi
Alibaba stock surges as Chinese tech giant touts 'robust' AI momentum
Alibaba stock surged Thursday after the company reported quarterly earnings ahead of Wall Street's expectations and highlighted the results of its aggressive push into the artificial intelligence space.
Metaplanet's Bitcoin Holdings Reach 2,100 BTC After Recent 68.59 BTC Purchase
Metaplanet has announced the acquisition of an additional 68.59 BTC, increasing its total Bitcoin holdings to approximately 2,100 BTC.
Oil Tankers Rocked by Mystery Blasts After Trips to Russia
(Bloomberg) -- At least four oil tankers have been hit with explosions so far this year — all of them having visited Russia’s territorial waters in the weeks prior to the blasts happening.Most Read from BloombergTrump to Halt NY Congestion Pricing by Terminating ApprovalSorry, Kids: Disney’s New York Headquarters Is for Grown-UpsAirbnb Billionaire Offers Pre-Fab Homes for LA Fire VictimsChild Migrant Watchdog Gutted in DOGE CutsChicago Council Delays $830 Million Bond Vote Amid ScrutinyNobody ha
Grab Stock Falls on Weak Outlook
Shares of Grab Holdings are falling in premarket trading Thursday after the Southeast Asian ride-hailing and food delivery firm missed fourth-quarter results estimates and gave a weak earnings outlook.
Quantum computing stocks rise as Microsoft's new chip heats up debate over technology
Quantum computing stocks advanced on Thursday after Microsoft launched a new chip that indicated the technology is not "decades away" as stated by the top boss of AI chip bellwether Nvidia. Microsoft unveiled its Majorana 1 chip on Wednesday and said it is less prone to errors than rivals, while providing evidence in a scientific paper set to be published in academic journal Nature. Quantum computing holds the promise of carrying out calculations that would take today's systems millions of years.
Saylor’s Strategy Raises $2 Billion in Convertible Bond Sale
(Bloomberg) -- Michael Saylor’s Strategy raised $2 billion from an issue of convertible debt after the Bitcoin treasury firm sweetened the terms for investors. It plans to use the proceeds for purposes including acquiring more of the digital token.Most Read from BloombergTrump to Halt NY Congestion Pricing by Terminating ApprovalSorry, Kids: Disney’s New York Headquarters Is for Grown-UpsAirbnb Billionaire Offers Pre-Fab Homes for LA Fire VictimsChild Migrant Watchdog Gutted in DOGE CutsChicago
US labor market stable, disruptions feared from federal government layoffs
The number of Americans filing new applications for unemployment benefits increased moderately last week, suggesting that the labor market remained on solid ground in February. There were no signs yet in the report from the Labor Department on Thursday of the mass layoffs of federal government workers and deep spending cuts being pursued by Republican President Donald Trump's administration. Economists, who expect a spillover to the private sector, said it was too early for the negative effects to be felt in the broader economy.
Sightly more Americans apply for unemployment benefits last week, but layoffs remain relatively low
The number of Americans filing for jobless benefits rose by 5,000 to 219,000 for the week ending Feb. 15, the Labor Department said Thursday. Weekly applications for jobless benefits are considered a proxy for layoffs. Earlier this month, the Labor Department reported that U.S. employers added 143,000 jobs in January, significantly fewer than December’s 256,000 job gains.