Hong Kong-based First Digital launches new USD-backed stablecoin
First Digital’s stablecoin FDUSD will be pegged on the US dollar and regulated in Asia, the Hong Kong-based company said. All reserves will be held...
: Too much debt coming due and not much cash on hand: These 10 companies face a rough year ahead
Jefferies offers a list of the top 10 companies with low cash and high near-term debt maturities that investors should avoid.
ETF Wrap: Tech-related ETFs post huge 2023 gains with boost from AI hype, but some big ones still are left with outflows
This week’s ETF Wrap takes a look at tech-fund demand and performance while highlighting several AI-themed ETFs that have attracted inflows this year.
: Americans are holding ‘billions of dollars’ in uninsured accounts, federal agency warns. Here’s what you can do about it.
The Consumer Financial Protection Bureau issued a ‘spotlight’ on consumer finances.
Commodities Corner: Dr. Copper’s weak performance suggests more economic woes ahead
Copper’s performance has been less than stellar this year, with prices of the industrial metal for the second quarter on track to register their largest...
: Dell stock jumps after early earnings release shows largest sales decline on record, but still beats expectations
Dell's earnings and revenue plunged in the fiscal first quarter but easily beat expectations amid the largest downturn for PC sales ever recorded.
: U.S. oil futures end above $70 a barrel for the first time in nearly a week
Oil futures climbed on Thursday, with U.S. prices settling back above $70 a barrel for the first time in almost a week. Prices rebounded from...
MakerDAO votes to drop Pax Dollar (USDP) stablecoin from its reserves
The MakerDAO community has voted to ditch Pax Dollar (USDP) stablecoin worth $500 million from its reserves. Maker’s treasury holds roughly half of the USDP’s...
SYS Labs announces mainnet release for Rollux
SYS Labs has scheduled the Rollux mainnet launch date as June 28, 2023. Rollux is an EVM-compatible Layer-2 scaling platform. The mainnet launch is expected...