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Velvet Capital integrates AI and on-chain trading to simplify DeFi investing
Find, Create, and Launch Portfolios on Velvet Capital to ease capital raising and leverage the intent-based trade execution.
Musk’s DOGE to Lead Trump’s Purge of Federal Regulations
(Bloomberg) -- President Donald Trump signed an executive order undertaking a massive regulatory review in a bid to fulfill his campaign pledge of eliminating rules he says stifle businesses and innovation.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
Metaplanet Now Holds 2,100 Bitcoin, Purchases 68 More BTC
Metaplanet reaches a milestone of 0.01% of the total bitcoin supply.
In a major shift, Japex to prioritise oil and gas investment through 2030
Japan Petroleum Exploration (Japex) is prioritising investment in oil and gas exploration and production (E&P) through 2030 - revising an earlier plan to aggressively expand its renewables businesses, its president said. "For now, the investment focus will remain on oil and gas exploration and production... as securing a fair return from renewable energy sources such as offshore wind is challenging due to rising costs," President Michiro Yamashita told Reuters in an interview on Wednesday. Other global peers have also scaled back renewables investments due to lower returns.
Oil little changed after US crude inventory build
Oil prices were little changed on Thursday after rising to a near one-week high in the previous session, as an industry report showing a buildup in U.S. crude stockpiles pressured the market. U.S. crude stocks rose by 3.34 million barrels last week, market sources said, citing American Petroleum Institute figures on Wednesday. Oil prices edged lower on Thursday because of the stock build in the U.S., said Saxo Bank analyst Ole Hansen.
Australia's Wesfarmers sees tariff inflation risk as profit beats forecast
Australia's biggest non-food retailer Wesfarmers said it may raise prices as a soft local dollar drives up supply costs and warned on Thursday that tariffs ordered by U.S. President Donald Trump may spur inflation. The owner of Australia's biggest hardware chain, Bunnings, and budget department store chain Kmart also said the country's first interest rate cut in five years, announced this week, would help households but alone could not end high living costs nor offset wide-ranging geopolitical headwinds. "You just need to look at some of the challenges in the housing sector that are fairly well understood and reported," Wesfarmers CEO Rob Scott told journalists.
Stock of the Day: Howard Hughes Holdings whipsaws as Bill Ackman revises his plan to create the next Berkshire Hathaway
Bill Ackman's Pershing Square proposed to acquire 10 million newly issued Howard Hughes shares at $90 a share — up from $85 a share.
3 reasons one research firm says it's time investors trim exposure to the Magnificent 7 stocks
The top tech stocks have soared comprising a larger proportion of the total value of the S&P 500, but some see risks building for the mega-cap cohort.
Australia Bank Stocks Lose $26 Billion on Profit Margin Concerns
(Bloomberg) -- A $26 billion rout in Australia bank stocks this week after two of the biggest lenders reported increasing margin pressure is fueling concern about the sector’s profitability.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 ScrutinyNationa
Crypto worth $99 million withdrawn from Milei-backed Libra token, researchers say
(Reuters) -Around $99 million worth of cryptocurrency was withdrawn from the marketplace of a coin at the centre of a scandal in Argentina by eight digital wallets linked to the crypto token's creator, blockchain researchers said. Argentinian President Javier Milei recommended the little-known crypto coin $LIBRA late on Friday in a post on X, but later deleted the post and denied having any link to the cryptocurrency. A federal judge is investigating the token's launch and Milei's involvement in it, after the coin, promoted by Milei on Friday, soon shot up above $4.50 apiece then plummeted just hours later.