(Reuters) – A federal judge on Friday dismissed a lawsuit by U.S. securities regulators accusing an online entrepreneur of raising more than $1 billion through unregistered cryptocurrency offerings and defrauding investors out of $12.1 million to buy luxuries including the world’s largest black diamond. U.S. District Judge Carol Bagley Amon in Brooklyn cited a lack...
Trump layoffs hit key ‘air traffic control for space’ unit Joey Roulette and Valerie Volcovici Sat, March 1, 2025 at 12:06 AM UTC 3 min read FILE PHOTO: Starlink satellites launch from Cape Canaveral By Joey Roulette and Valerie Volcovici WASHINGTON (Reuters) – The Trump administration this week fired employees who were building a system...
(Reuters) – Alternative asset manager Blackstone’s CEO Steve Schwarzman collected over $1 billion in pay and dividends last year, Bloomberg News reported on Friday. The company paid $84 million to Schwarzman for 2024, including a base salary of $350,000, it said in a regulatory filing. He earned $916 million in dividends, according to the Bloomberg...
Welcome to this week’s edition of top stock market highlights. Nvidia (NASDAQ: NVDA) Investors have been eagerly waiting for Nvidia’s latest full-year fiscal 2025 (FY2025) earnings. And the graphics processing unit (GPU) giant did not disappoint. FY2025’s revenue more than doubled year on year to US$130.5 billion. Gross margin increased by 2.3 percentage points from...
By Rae Wee SINGAPORE (Reuters) – Bitcoin dropped to its lowest level , dragged by uncertainty about U.S. President Donald Trump’s tariff plans and crypto policy and flagging investor confidence after a $1.5 billion hack in rival crypto currency ether. Bitcoin, the world’s largest cryptocurrency by market value, was last down on the day at...
By Clare Jim HONG KONG (Reuters) – Hong Kong’s New World Development, which has been battling liquidity stress for the past three years, is set to report an interim net loss of up to $875 million on Friday, hurt by a prolonged property downturn and high interest costs. Investors are watching to see whether the...
SEOUL (Reuters) – South Korea’s acting President and Finance Minister Choi Sang-mok and U.S. Treasury Secretary Scott Bessent discussed tariffs, investment and forex policy in a video call, South Korea’s finance ministry said on Friday. Choi asked Bessent to pay attention to South Korea’s contributions to the U.S. economy in Washington’s policymaking, the ministry said...
By Kevin Buckland TOKYO (Reuters) – Equities slumped in Asia on Friday and the U.S. dollar hovered near multi-week highs against the currencies of the country’s top trading partners as concerns about an escalating global trade war soured market sentiment. Technology shares took an additional hit following a sell-off in AI darling Nvidia and other...
By Florence Tan SINGAPORE (Reuters) – Oil prices eased on Friday, heading for their first monthly drop since November, as uncertainty over global economic growth and fuel demand from Washington’s tariff threats and further signs of a U.S. economic slowdown outweighed supply concerns. The more active May Brent crude futures slipped 31 cents, or 0.4%,...
By Kevin Buckland TOKYO (Reuters) – The U.S. dollar firmed in early Asian hours on Thursday as Treasury yields ticked higher while investors assessed the outlook for tariffs and the economy under President Donald Trump. Asian stocks were mixed with tech shares around the region getting little steer from heavyweight U.S. chipmaker and AI darling...
