A bipartisan coalition supporting stablecoin legislation in the US Senate has fractured after a group of Democrats threatened to filibuster the bill. Senator Ruben Gallego of Arizona, who […]
Uncategorized
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Oil Prices Decline Amid OPEC+ Output Increase
Oil prices dropped more than $2 per barrel following an announcement by OPEC+ to increase output by 411,000 barrels per day starting June 1. U.S. benchmark crude fell […]
Technology
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Palantir Shares Drop Despite Raising Full-Year Outlook
Palantir Technologies raised its full-year outlook but saw its stock plunge in after-hours trading due to mostly in-line quarterly results. The company reported first-quarter revenue of $884 million, […]
Banks
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Credit Suisse Pleads Guilty to Assisting Clients in Tax Evasion
Credit Suisse has pleaded guilty to aiding U.S. clients in evading taxes, according to federal prosecutors. The misconduct resulted in a $510 million fine paid by UBS, which […]
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Skechers Goes Private in Record-Breaking $9.26 Billion Deal with 3G Capital
Skechers has agreed to a $9.26 billion go-private deal with Brazilian private-equity firm 3G Capital, marking the largest shoe buyout in history. The transaction, which includes cash and […]
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Oil Prices Drop to Four-Year Low Amid OPEC+ Supply Surge
Oil prices have dropped to their lowest point in four years as OPEC+ increases its supply, threatening to overwhelm the global market. This decision comes despite concerns over […]
Markets
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Stock Market Rally Faces Challenges Amid White House Tariff Uncertainty
The recent stock market rally might face challenges as the White House appears to have backtracked on its stance regarding tariffs. This uncertainty could act as a potential […]
Markets
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Trump’s Meme Coin Generates Fees and Offers Access to the President
In the cryptocurrency realm, meme coins are often considered jokes with little intrinsic value. However, the Trump family has transformed their president-themed meme coin into a source of […]
Technology
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Investing in Mira Murati’s New AI Startup Requires a Minimum Commitment of $50 Million
Investors interested in backing Mira Murati’s new AI startup, Thinking Machines Lab, must commit a minimum of $50 million, according to sources familiar with the deal. Murati, the […]
Markets
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Stock Futures Show Minimal Changes Amidst Anticipation of Fed Policy Meeting
U.S. stock futures showed minimal changes on Monday night as investors braced for the Federal Reserve’s upcoming policy meeting. This meeting is the first since President Donald Trump […]