China is actually fully committed to digital currencies and blockchain technology, but only its brand that it can control, Andreessen Horowitz general partner Katie Haun told CNBC on Thursday. The Chinese government’s five-year plan drafted earlier this year for the first time mentioned blockchain, which is the decentralized digital ledger technology that underpins cryptocurrencies such...
SINGAPORE — Asia-Pacific stocks looked set to open mixed on Friday after the S&P 500 rose to a record closing high overnight stateside. Futures pointed to a higher open for Japanese stocks. The Nikkei futures contract in Chicago was at 29,050 while its counterpart in Osaka was at 28,990. That compared against the Nikkei 225’s...
After dealing with a host of problems caused by a cryptocurrency mining craze, the former mayor of Plattsburgh, New York, on Thursday cast doubt on the economic benefits of miners setting up shop in a region. “Counties and cities are enticed by all these promises of job creation, which — when you look into it,...
A House committee passed a series of sweeping antitrust reforms Thursday after roughly 23 hours of debate. While the advancement of the six tech-focused bills considered by the House Judiciary Committee beginning Wednesday is a victory for the bipartisan members who introduced them, the markup surfaced rifts within parties that could ultimately hamper the bills’...
A man walks in front of Nike products exhibit, on February 22, 2021 in New York City. John Smith | Corbis News | Getty Images Nike on Thursday reported fiscal fourth-quarter earnings and sales that topped analysts’ estimates, fueled by record revenue in its largest market, North America. The company continues to benefit from consumers...
The Federal Reserve announced Thursday that the biggest U.S. banks could easily withstand a severe recession, a milestone for the once-beleaguered industry. The Fed, in releasing the results of its annual stress test, said that all 23 institutions in the 2021 exam remained “well above” minimum required capital levels during a hypothetical economic downturn. That...
A Thai investor checks an electronic board showing stock prices at Asia Plus Securities amid Coronavirus threats in Bangkok. Amphol Thongmueangluang | SOPA Images | LightRocket via Getty Images Swiss investment bank Credit Suisse expects global growth to accelerate in the coming months as countries gradually reopen their economies, leading to a recovery in revenue...
The cruise ships “Carnival Sunrise” (L) and “Carnival Vista” (R) part of the Carnival Cruise Line, are seen moored at a quay in the port of Miami, Florida, on December 23, 2020, amid the Coronavirus pandemic. (Photo by Daniel SLIM / AFP) (Photo by DANIEL SLIM/AFP via Getty Images) DANIEL SLIM | AFP | Getty...
Former New York City Mayor Rudy Giuliani, personal attorney to U.S. President Donald Trump, speaks in Philadelphia, Pennsylvania, November 7, 2020. Eduardo Munoz | Reuters A New York court on Thursday suspended Rudy Giuliani from practicing law in New York state due to making “false and misleading statements” about the election loss of former President...
People wearing face masks as a preventive measure against the spread of Covid-19 in Singapore. Maverick Asio | SOPA Images | LightRocket | Getty Images SINGAPORE — Singapore will expand its Covid vaccination program to all residents 12 and older starting early next month. The government said Thursday that some permanent residents and long-term pass...