ZURICH (Reuters) – Siemens is spending $60 million on a new U.S. factory to build high speed trains to whisk…
Losses from crypto scams grew 45% in 2023, FBI says
By Hannah Lang (Reuters) – Losses from cryptocurrency-related frauds and scams increased 45% in 2023 from 2022, totaling more than…
US SEC approves new audit quality benchmarks over Republican objections
(Reuters) – Wall Street’s top regulator on Monday gave the nod to new accounting standards set by a watchdog agency,…
Robinhood reaches $3.9 million settlement with California over crypto withdrawals
(Reuters) – A cryptocurrency platform run by Robinhood Markets will pay $3.9 million for failing to let customers withdraw cryptocurrency…
Cryptoverse: Bitcoin ETFs take $50 billion baby steps toward big time
By Suzanne McGee (Reuters) – Last October, Matthew Hougan told an industry panel that he expected spot bitcoin exchange-traded funds…
Buffett’s Berkshire offloads Bank of America shares again; total sales near $7 billion
(Reuters) – Warren Buffett’s Berkshire Hathaway has trimmed its stake in Bank of America once again, making the total sales…
Coinbase must face shareholder lawsuit over SEC risks
By Jonathan Stempel (Reuters) – A federal judge rejected Coinbase’s bid to dismiss a proposed class action by shareholders who…
US housing inflation likely to fall in year ahead, Fed paper says
(Reuters) – U.S. housing inflation is likely to ease in the coming year as the gap between supply and demand…
AI likely to weigh on oil prices over the next decade, Goldman says
(Reuters) – Artificial intelligence could hurt oil prices over the next decade by boosting supply by potentially reducing costs via…
Nvidia and chip index tumble as investors pause AI rally
By Noel Randewich (Reuters) – Shares of AI heavyweight Nvidia tumbled on Tuesday, with Wall Street’s chip index slumping 7%…