The United States Securities and Exchange Commission (SEC) has approved new listing standards for crypto exchange-traded funds (ETFs), a decision expected to reshape the digital asset market. The rule change allows Cboe, Nasdaq, and NYSE to list and trade Commodity-Based Trust Shares under a standardised framework. For the first time,…
Asian equities ended Thursday on a mixed note as investors weighed the Federal Reserve’s policy decision and cautious comments from Chair Jerome Powell. Powell warned that rising goods prices were feeding through to inflation and said the central bank expected price pressures to build into next year.China and Hong Kong…
Nvidia agreed to invest $5 billion in Intel Corp. and collaborate on developing chips for personal computers and data centres, a surprise partnership that pairs two longtime rivals as Intel struggles to regain footing in the semiconductor industry.Shares of Intel surged 24% in premarket trading, while Nvidia stock was up…
Octopus Energy, Britain’s largest electricity supplier, said on Thursday it would spin off its technology arm Kraken Technologies into a standalone company, marking a significant step in the group’s strategy to focus on core operations while allowing its fast-growing tech division to pursue independent growth.The company also announced the appointment…
US President Donald Trump has announced his intention to designate Antifa as a “major terrorist organization.”The decision, delivered via his signature Truth Social updates, follows a recent surge in politically linked violence, including the charged case of conservative activist Charlie Kirk’s killing.With emotions running high, Trump doubled down, calling Antifa…
Thursday began with major developments across the world, with the Federal Reserve lowering its benchmark interest rate by 25 basis points, aiming to support economic growth as job gains slow and inflation remains high.Asian markets had a mixed start, with Japan and South Korea seeing slight gains while Australia edged…
Late-night television was rocked on Wednesday after Disney-owned ABC abruptly pulled Jimmy Kimmel Live! off the air.The move came after Kimmel delivered a monologue about the assassination of conservative activist Charlie Kirk, comments that sparked a swift political backlash online.ABC confirmed it was suspending new episodes of the long-running late-night…
Australia announced on Thursday its 2035 emissions target, aiming for a 62%-70% reduction from 2005 levels. This figure was lower than anticipated and drew criticism from environmental organisations, according to a Reuters report.Countries are requested by the United Nations to submit their climate plans, known as Nationally Determined Contributions (NDCs), by…
China has decided to halt its antitrust investigation into Google, a move that comes just months after regulators began probing the US tech giant for alleged violations of the country’s anti-monopoly laws. As per a report by Financial Times, the decision has not yet been formally communicated to Google, and…
Shares of British retailer Next fell by more than 6% in early trading on Thursday after the company warned that employment opportunities in the United Kingdom are likely to diminish in the second half of the year, raising concerns over consumer spending. The drop made the stock the top loser…