-
Understanding Today’s Crypto Market Drop
Today, the crypto market took another hit, with significant declines across the board. Investors saw red as almost all major cryptocurrencies, including Bitcoin, experienced a drop in value. The overall market cap tumbled to a monthly low of $2.14 trillion, a sharp 5% fall from yesterday. Trading volumes spiked by 30%, indicating a rush in […]
-
Arizona Senate Secures Enough Votes to Repeal 1864 Abortion Ban
The Arizona Senate has secured enough votes to repeal an 1864 law that would make all abortions a crime, after the state’s Supreme Court revived the Civil War-era law in early April.
-
Zillow Shrugs Off Housing Chill, Industry Flux to Beat Estimates
Zillow Group Inc. reported first-quarter earnings that beat analysts’ expectations, as the company’s dominant consumer brand helped it muddle through a period of slow sales and looming changes in the US housing industry.
-
Qualcomm Gives Solid Outlook in Sign of Smartphone Recovery
Qualcomm Inc., the world’s biggest seller of smartphone processors, gave a solid forecast for the current period, suggesting that handset demand continues to recover.
-
Take-Two Interactive Shuts Down Two Game Studios
Seattle’s Intercept Games and London’s Roll7 will be closed.
-
Credit Market Risk Eases as Powell Quells Future Rate-Hike Fears
Credit traders took some comfort in Federal Reserve Chair Jerome Powell’s assurances that the central bank isn’t planning to lift interest rates further, sending a gauge for fear of corporate defaults to lower levels.
-
China Launches Rockets From Sea in Bid to Win the Space Race
Offshore launches can improve takeoff positioning and save money on transporting rockets, but there are logistical challenges.
-
Lockheed-Boeing Alliance Told It Must Launch More US Satellites
The Lockheed Martin Corp.-Boeing Co. joint venture that competes with Elon Musk’s SpaceX to launch the US’s most sensitive satellites needs to pick up its pace as the Air Force is trying to certify its newest rocket as mission-ready, according to the service’s top acquisition official.
-
Here’s What We Learned From Fed Rate Decision, Powell Briefing
Here are the key takeaways from the Federal Open Market Committee’s interest-rate decision and Federal Reserve Chair Jerome Powell’s news conference Wednesday:
-
Exxon Set to Win FTC Approval for Pioneer Deal With Settlement
The US Federal Trade Commission is poised to greenlight Exxon Mobil Corp.’s $60 billion purchase of Pioneer Natural Resources Co. after the companies agreed to minor concessions, according to people familiar with the matter.
