“What’s really exciting about this is that it’s a local-currency facility” so the company doesn’t have to take foreign-exchange risk, Anish Thakkar, a co-founder of the company, said in an interview. It “allows us to provide the most affordable financing to customers,” he said.
After becoming the first major US crypto company to be listed on an exchange almost four years ago through a direct listing, shares of Coinbase jumped some 260% in the past two years, valuing the company at roughly $53 billion. Those gains belie a roller-coaster ride for investors following a series of scandals hitting the […]
“CPI categories that are China import-intensive — such as toys, shoes, and apparel – may see modest inflation,” Bloomberg Economics forecasters led by Anna Wong wrote in a note Monday. “Retailers are finding it difficult to pass on higher prices without suffering a sharp drop in demand — though they’ll still try. If that effect […]
In Canada, Prime Minister Mark Carney is set to unveil a new cabinet tasked with an ambitious economic agenda, including removing internal trade barriers and reorienting exports away from the US. Home sales for April will offer insight into a spring slump, while Ontario, the country’s most populous province, releases its budget.
“The president continues to roll back environmental and climate change protections, this time illegally stripping away billions of dollars for electric vehicle charging infrastructure, all to line the pockets of his Big Oil friends,” California Attorney General Rob Bonta said in a statement. New York, Washington, Colorado and Oregon are part the coalition that filed […]
Analysts and pundits have said repeatedly in recent years that shale fields in the US, the world’s top oil producer, are poised to peak. Yet, the industry has proved them wrong by innovating and driving output to fresh records year after year. So the assertion by Diamondback — the Permian’s top pure-play shale producer — […]
Buffett, the 94-year-old architect and face of Berkshire Hathaway Inc., announced that the gathering would be his last as head of the company he built from humble beginnings into one of the world’s most valuable enterprises. A few feet away, Greg Abel, the energy executive long seen as Omaha’s crown prince, wasn’t even aware his […]
Meanwhile, the US is weighing a potential easing of restrictions on Nvidia Corp. sales to the UAE ahead of a visit by President Donald Trump slated for mid-May, which could boost the UAE’s chances in the regional AI race. The US leader plans to stop in the UAE during a visit to the Middle East […]
Berkshire grew aggressively over the decades with Buffett as chairman and CEO, as he chose acquisitions and stocks for the company portfolio alongside trusted adviser and vice chairman, Charlie Munger, who died in 2023 at 99. The conglomerate acquired a bewildering assortment of businesses, which Buffett often said mirrored the US economy as a whole. […]
The initial estimate from grid operator Red Electrica was that restoring all power supply in Spain may take between six and 10 hours. By Monday evening, that was looking optimistic — at 9pm Madrid time, there was 17.3 gigawatts of demand on the grid, about two thirds the amount seen just before the blackout happened, […]