a16z invests $100 million in Ethereum protocol EigenLayer
a16z has invested $100 million in Ethereum restaking protocol EigenLayer. The startup founded by former University of Washington associate professor Sreeram Kannan raised $50 million...
Nikola’s stock falls as revenue more than doubled but fell short of forecasts
Nikola’s stock rallied Thursday, after the battery- and hydrogen-powered trucks maker beat fourth-quarter bottom-line expectations, while revenue more than doubled but fell short of forecasts.
Bitcoin isn’t suitable as payment or investment, ECB says
The European Central Bank again takes aim at bitcoin.
Economy grow steadily in February, S&P finds, as U.S. manufacturers on the mend
Industrial side of the economy posts fastest growth in 17 months
Navient distanced itself from a controversial student-loan portfolio. Meanwhile, borrowers can’t escape.
The company is transferring servicing of a batch of private loans to MOHELA, which has been dogged by complaints in recent months.
The ‘world champions of travel’ haven’t been deterred by a dire economy
Germans are still traveling, even as the economy continues to limp along, says Deutsche Bank.
Fed’s Jefferson says he expects rate cuts ‘later this year’
The No. 2 official at the Federal Reserve said Thursday that he thinks the central bank can begin to cut interest rates in 2024.
Home sales rose in January despite record-high prices, as buyers seized on lower rates
Existing-home sales rose to a rate of 4 million annualized in January, matching the highest level since Augsut, the National Association of Realtors said.
Existing home sales rose 3% to start the year, but higher mortgage rates are already hurting
Sales of previously owned homes rose in January, boosted by lower mortgage interest rates of November and December.