Articles

Bitcoin ETFs finally approved after a chaotic, ‘embarrassing’ 24 hours for SEC

On Wednesday, the U.S. Securities and Exchange Commission for the first time greenlighted several exchange-traded funds investing directly in bitcoin. But the 24 hours leading up to that approval were chaotic, to say the least.

Citigroup set aside $1.3 billion to cover risks related to turmoil in Argentina and Russia

Citigroup Inc. on Wednesday said it set aside $1.3 billion in the fourth quarter to account for risks in Argentina and Russia, citing shocks to both nations' economies, and said it booked other charges related to its own organizational overhaul and payments stemming from last year's bank failures.

Bitcoin in spotlight as SEC approves new ETFs, ether rallies. Here’s why.

A weekly look at the most important moves and news in crypto and what's on the horizon in digital assets.

This space stock is soaring as next commercial moon-landing mission looms

Shares of space-exploration company Intuitive Machines Inc. climbed 23% on Wednesday ahead of the launch of the firm’s commercial lunar lander, which could come as soon as next month.

This former Cornell student has spent years trying to settle a $10K debt the school sent to collections

Keishaun Wade’s experience highlights the ways that debt owed by students to their colleges, known as institutional debt, can complicate their path to earning a degree.

‘You want to come out strong’: What investors will be looking for in spot bitcoin ETFs after SEC approval

Anticipation is peaking about the launch of spot bitcoin ETFs after the Securities and Exchange Commission greenlit such funds for trading on U.S. exchanges.

Homebuilder KB Home says buyers are ‘responding favorably’ to falling mortgage rates

Homebuilder KB Home on Wednesday said it had seen a "meaningful" increase in orders over the first several weeks of its first quarter, after a dip in mortgage rates last month made buying a home more attractive.

Christie reportedly dropping out of 2024 GOP presidential race, a move that could help Haley vs. Trump in New Hampshire

Former New Jersey Gov. Chris Christie is dropping out of the race to become the 2024 Republican presidential nominee, reports say.

SEC approves spot bitcoin ETFs for trade starting Thursday

The move follows an embarrassing hiccup 24 hours earlier and ends a decade-long fight over the listing of exchange-traded bitcoin products on national stock exchanges.

Mastercard crosses $400 billion market-cap level in a sign of spending resilience

Mastercard vaulted into $400 billion territory for the first time Wednesday in a testament to confidence about consumer spending.

Who owns the Tiger Woods ‘TW’ logo now that he’s left Nike?

‘I would not expect there to be a fight because it would be extraordinarily public and a lot of bad press for Nike.’

Meta’s stock notches highest close in 28 months as top-line optimism builds

Meta Platforms shares clinched their highest close in more than two years Wednesday.
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