Facebook’s parent company is in talks to create a multiyear agreement with augmented reality start-up Magic Leap, as the social media giant continues to pour billions of dollars into its ambition to create an avatar-filled online world called the metaverse. According to people familiar with early discussions, Meta is exploring ways in which Magic Leap
Bitcoin (BTC) remained stuck inside a narrow range into May 20 as cryptocurrency markets shook off United States macro triggers. Powell leaves market with “tons of uncertainty” Data from Cointelegraph Markets Pro and TradingView showed BTC/USD trading just below $27,000. The pair had seen brief volatility after Jerome Powell, Chair of the Federal Reserve, gave
Michigan trimmed its revenue estimates Friday to account for tax changes that carry a multi-billion-dollar price tag. The new projections could require roughly $600 million in reduced spending over what Gov. Gretchen Whitmer proposed earlier this year in the fiscal 2024 budget that would take effect Oct. 1. It relies on available revenue from what
In this article DIS FL BE Follow your favorite stocksCREATE FREE ACCOUNT Foot Locker Inc. signage is displayed in the window of a store in New York, U.S. Michael Nagle | Bloomberg | Getty Images Check out the companies making headlines in midday trading Friday. Bloom Energy — The clean energy stock jumped 5.1% following
The Kroll Bond Rating Agency upgraded Connecticut’s long-term general obligation rating to AA-plus from AA on Thursday. The upgraded rating continues Kroll’s stable outlook and reflected Connecticut’s “strong credit profile and significant and continuing progress in improving its financial position over the last six fiscal years,” the agency said. KBRA pointed in particular to the extension
Bitcoin (BTC) nudged $27,000 after the May 19 Wall Street open as the Chair of the United States Federal Reserve delivered comments on policy. BTC price volatility returns as Powell speaks Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it attempted to reclaim the focal level in its short-term trading range. All eyes
Federal Reserve Bank of Dallas President Lorie Logan said the case for pausing interest rate increases at the central bank’s June meeting isn’t yet clear, while her colleague Gov, Philip Jefferson sounded ready to be patient. “After raising the target range for the federal funds rate at each of the last 10 FOMC meetings, we
Luxury fashion items sit on display beside tablet devices at the launch of the Farfetch “Store of the Future” pop-up exhibition, at the Design Museum in London, U.K., on Wednesday, April 12, 2017. Luke MacGregor | Bloomberg | Getty Images Check out the companies making headlines before the bell. Foot Locker — Shares tumbled more
California’s rating outlook was revised to negative from stable Thursday by Moody’s Investors Service amid the state’s revenue uncertainty. The rating agency also affirmed the Aa2 rating on the state’s general obligation bonds, citing the state’s massive economic base and healthy budget reserves and liquidity. The Aa2 rating on the state’s general obligation bonds is
European equities rose on Thursday, joining an overnight rally on Wall Street, as concerns over a potential US government default and the health of regional banks eased. Europe’s region-wide Stoxx 600 was up 0.4 per cent, recovering from two days of losses, while France’s Cac 40 rose 0.6 and Germany’s Dax rose 1 per cent. London’s
Less than a year after proof-of-stake (PoS) became the consensus mechanism for the Ethereum blockchain — the industry’s largest blockchain network — researchers have found that PoS can complement Bitcoin. Stanford University professor David Tsè spoke to Cointelegraph at the 2023 Bitcoin Builders conference in Miami, Florida, about his team’s findings on Bitcoin, PoS, security and
In this article MU TTWO BOOT BABA 6758.T-JP ZION Follow your favorite stocksCREATE FREE ACCOUNT Sale signs inside the Bath and Body Works store in Edmonton. On Thursday, January 6, 2022, in Edmonton, Alberta, Canada. Artur Widak | Nurphoto | Getty Images Check out the companies making headlines before the bell Thursday. Walmart – Shares
Coinbase Cloud will leverage its global infrastructure and experience managing blockchain data to bolster the security and reliability of the Chainlink blockchain oracle network. The United States-based cryptocurrency exchange’s cloud service will operate as a new node operator on the Chainlink network in a partnership set to improve the decentralization of the Web3 ecosystem. Coinbase Cloud’s infrastructure already
Prospective buyers attend an open house at a home for sale in Larchmont, New York, US, on Sunday, Jan. 22, 2023. Tiffany Hagler-Geard | Bloomberg | Getty Images Sales of previously owned homes fell 3.4% in April from March to a seasonally adjusted, annualized pace of 4.28 million units, according to the National Association of
European stocks fell on Wednesday, with the US debt ceiling deadline weighing on investors as policymakers in Washington failed to agree on a deal to increase the nation’s spending limit. Europe’s region-wide Stoxx 600 fell 0.7 per cent and France’s CAC 40 shed 0.6 per cent In the first hour of trade. The moves come
Software developer Jameson Lopp believes improving usability and user experience of Bitcoin (BTC) self-custody solutions and making more avenues to acquire BTC will be key in further adoption of the preeminent cryptocurrency. The co-founder of Casahodl, who’s a prominent figure in the Bitcoin and wider cryptocurrency space, spoke of the challenges in building self-custody solutions in
In this article TJX WYNN WAL TGT Follow your favorite stocksCREATE FREE ACCOUNT Signage outside Western Alliance Bank headquarters in Phoenix, Arizona on March 13, 2023. Caitlin O’Hara | Bloomberg | Getty Images Check out the companies making the biggest moves in premarket trading: Western Alliance — Shares popped 12% premarket after Western Alliance said
The trading of so-called “unbacked cryptoassets” such as Bitcoin (BTC) and Ether (ETH) should be regulated as gambling rather than a financial service, a panel of British lawmakers said in a new report. The United Kingdom is currently working on a crypto regulatory framework that would mix existing financial asset laws with new crypto-specific rules.
A default on the nation’s debt, if Congress is unable to raise the federal debt ceiling in coming weeks, would boost mortgage rates by at least two percentage points and cause a slump in home sales as costlier financing puts real estate beyond the reach of more Americans, according to Jeff Tucker, a Zillow senior
A ‘for sale’ sign hangs in front of a home on June 21, 2022 in Miami, Florida. Joe Raedle | Getty Images Higher mortgage rates and a severe shortage of homes for sale are taking their toll on mortgage demand. Mortgage applications to purchase a home dropped 4.8% last week, compared with the previous week,
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