Tether said it would invest 15% of its net profit into bitcoin to “diversify” the reserves that back its USDT token.
Category: Finance News
Cryptos have no intrinsic value and trading in them should be regulated like gambling, UK lawmakers say
A U.K. Parliament committee said it was concerned by government proposals to regulate consumer trading of crypto as a financial service.
Stocks making the biggest premarket moves: Western Alliance, TJX, Wynn, Tesla & more
These are the stocks posting the largest moves in the premarket.
Crypto firm Ripple buys Swiss startup as SEC crackdown forces companies to consider overseas moves
Blockchain firm Ripple acquired Metaco, a Swiss crypto custody services firm, the company announced Wednesday.
Almost half of Gen Zs have side jobs as money fears take over, survey finds
Gen Zs and millennials are increasingly taking on additional full- or part-time jobs, often to supplement their income.
UBS expects $17 billion hit from Credit Suisse rescue, flags hasty due diligence
UBS estimates a financial hit of around $17 billion from its emergency takeover of Credit Suisse, according to a regulatory filing.
JPMorgan and Barclays back $4.5 billion insurance tech giant Wefox
Wefox maintained its $4.5 billion valuation from its previous round of funding, the company said.
Home Depot shares fall on revenue miss. Here’s how the pros are playing it
Pros on CNBC discussed Home Depot after the company missed revenue estimates.
Black taxpayers more likely to face audits, IRS confirms
The IRS on Monday confirmed that Black taxpayers are significantly more likely to face an IRS audit, confirming earlier findings.
Stocks making the biggest moves midday: Horizon Therapeutics, Capital One, RH, Home Depot and more
These are the stocks posting the largest moves midday.