CFOTO | Future Publishing | Getty Images Bitcoin ETFs rose on their first day of trading on Thursday, moving higher along with crypto prices more broadly. In early trading, the Grayscale Bitcoin Trust (GBTC) rose nearly 6%, while the iShares Bitcoin Trust (IBIT) jumped more than 4%. Both funds saw […]
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Google cuts hundreds of jobs across engineering, hardware teams
Google and Alphabet CEO Sundar Pichai departs federal court on October 30, 2023 in Washington, DC. Pichai testified on Monday to defend his company in the largest antitrust case since the 1990s. Drew Angerer | Getty Images News | Getty Images Google cut several hundred jobs across the company late […]
Consumer prices rose 0.3% in December, higher than expected, pushing the annual rate to 3.4%
Prices that consumers pay for a variety of goods and services rose more than expected in December, according to a Labor Department measure Thursday that shows inflation still holding a grip on the U.S. economy. The consumer price index increased 0.3% for the month, higher than the 0.2% estimate at […]
Coinbase, Robinhood shares rise as bitcoin ETF approval adds credibility to cryptocurrency industry
SAN ANSELMO, CALIFORNIA – JUNE 06: In this photo illustration, the Coinbase logo is displayed on a screen on June 06, 2023 in San Anselmo, California. The Securities And Exchange Commission has filed a lawsuit against cryptocurrency exchange Coinbase for allegedly violating securities laws by acting as an exchange, a […]
How KFC won over China
KFC is one of the world’s largest restaurant chains, with more than 29,000 locations and a new outlet opening every three and a half hours, according to Yum! Brands. But while much of the brand’s early success came from the U.S., today the majority of its growth is in China. […]
Ship hijacked off Oman appears to change course toward Iran waters
Aerial view of a tanker. Bugto | Moment | Getty Images An oil tanker was boarded by armed individuals near the Gulf of Oman on Thursday and appeared to change course toward Iranian waters, according to the U.K. Marine Trade Operations. The UKMTO reported on social media that an unnamed […]
Wolverine World Wide sells Sperry to Authentic Brands Group in shoe retail deal
Sperry Top-Sider Bill fish Tan and Beige. Mayra Beltran | Houston Chronicle | Getty Images Wolverine World Wide has sold Sperry to brand management firm Authentic Brands Group and Canadian retailer the Aldo Group, the company announced Thursday. The deal will generate $130 million, which Wolverine plans to use to […]
Bitcoin rises, tops $47,000 after SEC greenlights launch of U.S. bitcoin ETFs
Omar Marques | Lightrocket | Getty Images Bitcoin traded higher Thursday after the Securities and Exchange Commission gave the green light for the first-ever spot bitcoin ETFs to trade in the U.S., as expected. The cryptocurrency was last up 2.7% at $47,060, according to Coin Metrics. Meanwhile, the price of […]
World Court hears Gaza Strip genocide case against Israel
Public hearings in South Africa’s genocide case against Israel began on Thursday at the International Court of Justice (ICJ) in The Hague, Netherlands on Jan. 11, 2024. Anadolu | Anadolu | Getty Images The U.N.’s highest court is on Thursday hearing South Africa’s accusations of genocide by Israel in its […]
From Sam Altman to Emmanuel Macron: Who’s going to Davos 2024?
Combination showing Sam Altman, CEO of OpenAI (L), Ursula von der Leyen, President of the European Commission (C), and Javier Milei, President of Argentina (R). Reuters The global elite are pulling on their snow boots and firing up their private jets for the World Economic Forum in Davos, Switzerland. The […]