By Patturaja Murugaboopathy (Reuters) -Assets held in crypto funds hit a record high in May as easing trade tensions lifted…
Exclusive-SEC plan says existing staff cuts help meet DOGE targets
By Douglas Gillison and Chris Prentice (Reuters) -Wall Street’s top regulator told the White House in March it had already…
US inflation expectations ease in May, New York Fed survey shows
By Michael S. Derby (Reuters) -Americans’ anxiety about the future path of inflation eased in May, as they also grew…
OpenAI’s annualized revenue hits $10 billion, up from $5.5 billion in December 2024
(Reuters) -OpenAI said on Monday that its annualized revenue run rate surged to $10 billion as of June, positioning the…
Disney to pay additional $438.7 million for NBCU’s stake in Hulu
(Reuters) -Walt Disney said on Monday it has completed its purchase of Hulu, agreeing to pay NBCUniversal an additional $438.7…
Retail traders scooped up Tesla as Trump-Musk spat hit stock
By Suzanne McGee and Saqib Iqbal Ahmed NEW YORK (Reuters) -Retail investors seem to have spotted an opportunity in the…
Stablecoin firm Circle adds to stellar first day gains with another stock surge
By Arasu Kannagi Basil (Reuters) -Stablecoin issuer Circle Internet’s shares climbed 48% on Friday, extending a stellar run after a…
US Supreme Court allows DOGE broad access to Social Security data
By John Kruzel WASHINGTON (Reuters) -The U.S. Supreme Court on Friday permitted the Department of Government Efficiency, a key player…
Trump can bar AP from some White House events for now, US appeals court says
By Jack Queen (Reuters) -President Donald Trump is free to bar the Associated Press from some White House media events…
STMicro to cut 5,000 jobs in next 3 years, says CEO
By Nathan Vifflin (Reuters) -STMicroelectronics expects 5,000 staff to leave the company in the next three years, including 2,800 job…