EBay rejects GameStop’s $56 billion bid, putting bitcoin exposure back in focus The online marketplace's board called the half-cash, half-stock offer "neither credible nor attractive" Tuesday. What to know: - EBay’s board rejected GameStop’s $56 billion half-cash, half-sto
Allen acquires 52% stake in BuzzFeed, assuming CEO role as co-founder Jonah Peretti steps down to focus on AI initiatives. Byron Allen is set to acquire a majority stake in BuzzFeed for $120 million, taking over as chairman and CEO. The deal involves 40 million shares at $
Ripple Price Forecast: XRP capped below $1.50 supply area despite growing ETF demand Ripple (XRP) scales downward, trading at $1.45 at the time of writing on Tuesday. XRP is currently trading about 3% below its weekly open at $1.47 and approximately 4% below its monthly hi
Elliptic raises $120 million backed by Nasdaq, Deutsche Bank as AI reshapes crypto security The crypto analytics firm plans to expand its AI-powered monitoring tools as stablecoins and tokenized finance grow rapidly, CEO Simone Maini said. What to know: - Blockchain analyt
Brazil more than doubled the volume of its oil exports to China, with export values also nearly doubling, in the first quarter of 2026 from a year earlier, as the Middle East conflict and the closed Strait of Hormuz are re-arranging global commodity flows. The value of Bra
The logistics firm will restate 2023-2024 results and delay Q1 2026 reporting due to a $77 million expense understatement. Hub Group announced a delay in its 2026 first-quarter financial reporting after identifying a $77 million understatement of purchased transportation e
April CPI rose 3.8% year-over-year, the highest since May 2023, with energy and food driving gains and real wages declining. US consumer prices climbed 3.8% year-over-year in April, accelerating from 2.4% in January and February, marking the highest reading since May 2023.
April CPI rose 3.8% year-over-year, driven by energy and food prices, pressuring real wages amid stock market gains. US consumer prices rose 3.8% year-over-year in April, the fastest pace since May 2023, up from 2.4% in January and February. The increase was led by a 3.8%
Chicago Fed President Goolsbee highlights stubborn services inflation and elevated CPI data, complicating monetary policy outlook. Chicago Fed President Austan Goolsbee stated that U.S. inflation remains a significant issue, with recent CPI data exceeding expectations. Ser
Both companies reported stronger-than-expected earnings, though BETA cut its EBITDA forecast and Archer missed revenue estimates. BETA Technologies and Archer Aviation exceeded earnings expectations in their latest reports, signaling progress in the air taxi sector. BETA,
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