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Hong Kong’s digital asset hub drive in full throttle with approval of ETFs
While China remains adamant about embracing digital assets, Hong Kong proudly showcases its friendly stance with the approval of several ETFs, strengthening its position as a digital asset hub. … more
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Shifts in Global Smartphone Market: Samsung Reclaims Lead as Apple Faces Decline and Chinese Brands Surge
A recent IDC report highlights that the global smartphone market grew by 7.8% to 289.4 million units in the first quarter of 2024, marking the third consecutive quarter of growth despite ongoing … more
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Canada proposes higher tax on 0.1%—For anyone under 40, it's 'just harder to establish yourself,' finance minister says
The wealth tax will raise nearly $20 billion Canadian (U.S. $14.5 billion) in revenue over five years. more
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Treasury secretary Yellen calls Iran's actions 'malign and destabilizing'
Rising tensions between Iran and Israel and what escalation could spell for the global economy are on the International Monetary Fund's agenda. more
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Biden jabs Trump on media platform stock losses—'He might do better under my tax plan than his'
Biden has proposed a 25% percent minimum tax rate for billionaires. more
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Police have made arrests in Toronto heist of 24 gold bars and $2 million in cash
The thief allegedly presented a fraudulent waybill to gain access to an Air Canada cargo hold, according to a lawsuit. more
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State Street, with $3.6 trillion in assets, is counting on the Fed to slash interest rates—'The overall inflation picture supports a cut,' CIO says
State Street chief investment officer Lori Heinel believes a rate cut in June is "likely." more
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Tim Cook says Apple wants to invest more in Vietnam, as it distances itself from China
Over the last 5 years Apple has put $16 billion into bolstering manufacturing in Vietnam. more
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Junior analysts, beware: Your coveted and cushy entry-level Wall Street jobs may soon be eliminated by AI
A major transition is coming for the highly coveted junior analyst position at big Wall Street banks, experts agree. more
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The U.S. economy is looking red-hot this year while China is showing signs of fatigue, top economists say
How the Fed handles inflation could play a role in future growth projections. more
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Azteco Is Helping Millions Buy Bitcoin Without Sharing Their Identity
Alexander “Akin” Fernandez’s Azteco provides Bitcoin users around the world a way to get their hands on “synthetic money” without revealing their identity, creating a world in which bitcoin … more
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TGI Fridays just got bought out after struggling for years
The U.K.’s Hostmore will acquire U.S. operations. more
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I Want to Throw in the Towel and Quit My Business — Here's How to Know When to Stick With or Let Go of Your Business
Entrepreneurship demands a lot of us. Prioritizing our self-care and seeking support will help us make the best decisions during tough times. more
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Google trials AI-generated summaries to limited users in US, UK
To avoid potential pitfalls, Google says it will adopt a slow and steady approach in rolling out its latest service, offering it to a limited number of users in the United States and United Kingdom … more
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Volkswagen, Porsche killing old models—creating new opportunity for BYD
EU cybersecurity laws forcing European carmakers to shutter old brands could be the latest supply-demand shock benefitting BYD. more
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CVC Capital, the private equity giant behind Six Nations and LaLiga, plans to launch $1.3 billion IPO in Amsterdam after past delays
The firm, cofounded by four finance professionals as an arm within Citigroup over 40 years ago, has soared to become Europe’s top private equity group. more
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IRS warns ‘crypto’ fans to include digital asset income on tax return … or else
Partnering with Chainalysis, the IRS insisted on the need for digital asset sales to be reported on businesses' tax returns, threatening evaders with repercussions for non-compliance. [...] Read … more
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Puffer Finance secures $18M in funding as liquid staking market heats up
Built from EigenLayer, Puffer Finance's TVL has gone over $1.2 billion, a month after its initial testnet phase. The post Puffer Finance secures $18M in funding as liquid staking market heats up … more
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Dogma vs. rights and duties in Digital Asset Recovery
While it has been proven that digital assets can be recovered in most circumstances, certain foundational principles and ideologues remain barriers to the retrieval process. [...] Read … more
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AI could gobble up a quarter of all electricity in the U.S. by 2030 if it doesn’t break its energy addiction, says Arm Holdings exec
‘ChatGPT requires 15 times more energy than a traditional than a traditional web search,’ warns Arm’s Ami Badani at Fortune's Brainstorm AI conference in London. more
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Dr Martens appoints former Apple senior director as CEO; amid bleak earnings
The leadership change comes as the London-based company, known for its distinctive thick-soled boots grapples with sliding sales in the U.S., its biggest market. more
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UK competition regulator voices generative AI concerns
Addressing mounting concerns over risks in the AI sector, including the concentration of power among tech giants, the CMA proposes a set of principles to help build sustained, vibrant innovation. … more
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Dark2Light launches online game, lets users write their own questions
Players can now earn monies with a simple "Yes" or "No" answer on Dark2Light's online "democracy card game," which also features a new twist—allowing users to throw in questions of their own. … more
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‘Change agent’ Caitlin Clark prompts advertiser free-for-all: ‘She’s jump-started a new era of basketball, and she’s propelling women’s sports forward’
Gatorade and State Farm are fairly mum about the future of their deals with Clark but both have multiyear deals with her, and she's in State Farm's campaign around the WNBA draft. more
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3 states consider Bayer-written legislation giving it immunity for Roundup cancer claims as it reels from $10 billion in verdicts and counting
Bayer described the legislation as one strategy to address the “headwinds” it faces, including about 167,000 legal claims. more
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