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China ‘all in’ on its own crypto brand
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China ‘all in’ on its own crypto brand

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...

S&P 500 sails to record high overnight on Wall Street
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S&P 500 sails to record high overnight on Wall Street

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...

House committee passes broad tech antitrust reforms
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House committee passes broad tech antitrust reforms

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’...

Nike (NKE) reports Q4 2021 earnings beat
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Nike (NKE) reports Q4 2021 earnings beat

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...

Federal Reserve gives U.S. banks a thumbs up as all 23 lenders easily pass 2021 stress test
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Federal Reserve gives U.S. banks a thumbs up as all 23 lenders easily pass 2021 stress test

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...

Global growth of 5.9% in 2021
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Global growth of 5.9% in 2021

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...

Booking volumes increase 45% over Q1
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Booking volumes increase 45% over Q1

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...

Rudy Giuliani suspended from practicing law due to Trump statements
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Rudy Giuliani suspended from practicing law due to Trump statements

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...