Coinbase, Visa, Mastercard, Stripe, BlackRock, and more than 140 other companies have banded together to launch a new stablecoin called Open USD (OUSD), in a bid to create shared digital payments infrastructure that no single firm controls. The news appears to have rocked the stock price of USDC stablecoin issuer Circle (CRCL), with shares falling…
John D. Staszak, CFA Securities Analyst: Consumer Discretionary & Consumer Staples John’s specialty at Argus includes the gaming, lodging and restaurant groups within the Consumer Discretionary sector. John earned an MBA from the University of Texas and a BA in Economics from the University of Pennsylvania. In the financial services industry, he has worked as…
Summary The major indices are higher at midday on Tuesday. At the end of the trading day, we’ll tally results for the month, quarter, and first half of the year. Time flies. Onward to July and the second half of the trading year. Crude oil is at $71 per barrel
By Scott DiSavino June 30 (Reuters) – Oil prices were little changed on Tuesday but were headed for their biggest monthly and quarterly losses since the COVID-19 pandemic in early 2020, with investors eyeing potential U.S.-Iran talks in Doha amid a strained interim ceasefire in the four-month-long war. Brent futures fell 13 cents, or 0.2%,…
Strategy’s (NASDAQ: $MSTR) stock is headed for its eleventh consecutive month of losses as the price of Bitcoin (CRYPTO: $BTC) continues to decline. Heading into June 30, Strategy’s stock is down 44% on the month, its worst performance since 2022. In the last 12 months, MSTR stock has fallen 79% to trade at $84.32 U.S….
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Elon Musk was thinking about rockets. Justine Musk was thinking about whether her parents’ basement had room for five kids. In her 2017 TEDxUIUC talk, “Visionaries Are People Who Can See in the Dark,” Elon’s first wife recalled…
Joby Aviation and Toyota Motor Corporation announced a joint venture on Monday to manufacture electric air taxis, combining Joby’s work in electric aviation with Toyota’s expertise in production systems. The new entity, called the Joby Toyota Aero Manufacturing Preparation Company, or JTAMPC, will focus on establishing the groundwork for commercial production and advancing manufacturing quality…
As traffic through the Strait of Hormuz tentatively reopens following the U.S.-Iran deal to make a deal, oil prices on Tuesday were on track to post a 20% monthly decline and a 30% quarterly plunge in the biggest slump in a quarter since the pandemic-driven crash in prices. In the first quarter of 2020, Brent…
Chinalco (Xiong’an) Mining, a subsidiary of the Aluminum Corporation of China, has agreed to acquire a 95% stake in the Opuwo Cobalt-Copper Project in Namibia from Celsius Resources for $15m (101.88m yuan). The transaction follows the execution of a binding share sale agreement between the two parties. The Opuwo Project in the Kunene Region of…
Dubai and other Middle Eastern countries are bracing for an influx of cryptocurrency firms as new rules drive companies out of the European Union (EU). Crypto companies are reportedly heading for Dubai and the United Arab Emirates (U.A.E.) as the European Union’s Markets in Crypto-Assets regulation (MiCA) comes into force on July 1. The new…
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