The US entities’ share of global Bitcoin reserves has reached an all-time high amidst increasing confidence in the asset class. The figure is now 65% higher than non-US entities, according to CryptoQuant CEO Ki Young Ju. This milestone is based on an analysis of Bitcoin holdings by identifiable US entities – including miners, MicroStrategy (MSTR),
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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Firefighters in Los Angeles have successfully beaten back a fire that threatened some of Hollywood’s most iconic landmarks. Taming the fire in the Hollywood Hills, which broke out late on Wednesday evening, is the first
California’s shortage of affordable housing poses a serious threat to the state’s long-term economic health and well-being. You don’t need a Ph.D. to figure out that an affordable housing shortage hampers labor force growth, stifles business expansion and new business formation, erodes the tax base, and contributes to homelessness, drug abuse and street crime. To
06:19 Dangerous winter storm begins assault on Washington, Baltimore as heavy snow and ice fall across mid-Atlantic Millions of people from the Midwest to the mid-Atlantic are under winter weather alerts as a powerful and dangerous winter storm sweeps to the east, impacting cities like Washington, Baltimore, Richmond in Virginia and Philadelphia. The first major
University of California – San Francisco Jan 6 2025 An up-close look at how patients respond to the drug at different times and doses adds nuance to a recent finding that Paxlovid does not work for long Covid. An extended course of Paxlovid appears to help some patients with long Covid, according to a case
PayPal has been sued by an Asian American businesswoman who accused the digital payments company of racial bias for restricting part of a $535 million investment program to black and Hispanic applicants, costing her millions of dollars. Thursday’s complaint by Nisha Desai and her New York-based venture capital firm Andav Capital is part of a growing push among some conservatives to curtail diversity,
Many of the world’s largest hedge funds raked in comfortable double-digit returns in 2024 — benefiting from chaotic markets, central bank policy changes and a tight presidential election race. The big winners included Dan Loeb’s New York-based Third Point, which posted a 28.7% return, Mets owner Steve Cohen’s Point72, which reported a 19% return, and
Cybersecurity guru Amit Yoran, 54, a noted expert in the field who worked in the past for the Homeland Security Department and spoke on the subject on television, has died after a battle with cancer, his company said Saturday. Yoran, described as a visionary, who took a leave of absence last month, passed away Friday,
WASHINGTON Even as Nippon Steel faced skepticism of its doomed $14.9 billion bid for US Steel from the Biden administration, it was also contending with headwinds from an unlikely source: the CEO of a rival bidder for the firm who repeatedly cast doubt on the deal’s prospects to investors. Lourenco Goncalves, CEO of steelmaker Cleveland-Cliffs, which
The Commerce Department said Thursday it is considering rules that could limit or even ban the sale of Chinese-made drones in the US a move that follows growing alarm over a disturbing series ofunidentified drone sightings in New Jersey and New York. The department is seeking public comments by March 4 to bolster security in
A Florida family’s New Year’s Eve celebration turned to tragedy after a 10-year-old girl was struck and killed by a stray bullet from “celebratory gunfire” just moments after ringing in the new year, authorities said. Yaneliz Munguia suddenly collapsed at 12:04 a.m. Wednesday after going to light fireworks outside her home in Miami-Dade County —
ISIS-supporting New Orleans terrorist Shamsud-Din Jabbar was lauded with a ton of medals during his career in the US Army — including a Global War on Terrorism Service Medal. In the years before he unleashed hisdeadly New Years Day attack, the 42-year-old Texas native earned 23 honors, including medals, ribbons and badges, according to records
A brand of fresh broccoli sold at Walmart stores in 20 states is being recalled over listeria contamination, the Food and Drug Administration announced Thursday Braga Fresh, a California-based company, issued a voluntary recall of washed and ready-to-eat 12-ounce bags of Marketside Broccoli Florets. The FDA is urging consumers to throw out any bags of
US President Joe Biden is poised to officially block Nippon Steel’s proposed $14.9-billion purchase of US Steel, a person familiar with the matter said on Friday, dealing a probably fatal blow to the contentious merger plan. The Committee on Foreign Investment in the United States (CFIUS) spent months reviewing the deal for national security risks but referred the decision to Biden in December, after
Mark Zuckerbergs Meta announced a major overhaul of its global policy team on Thursday pushing out left-leaning department chief Nick Clegg and replacing him with the companys best-known Republican, Joel Kaplan. Kaplan, who once served as deputy chief of staff for George W. Bush, is set to take over the reins of the Facebook and
Approximately 20,000 Bitcoin options contracts will expire on Friday, Jan. 3, in the first such event of 2025. They have a notional value of $1.93 billion, which is a fraction of last weeks mammoth end-of-year expiry event, so the impact on spot markets is likely to be minimal. This weeks batch of Bitcoin options contracts
close video 1 dead after cybertruck explodes outside Las Vegas Trump hotel Fox News correspondent Marianne Rafferty has the latest developments on the explosion outside the Trump hotel in Las Vegas on ‘Special Report.’ After a Tesla Cybertruck exploded outside the Trump International Hotel in Las Vegas on Wednesday, co-founder and CEO of the electric
close video Automation is the real issue for dockworkers: Rep. Michael Rulli Rep. Michael Rulli, R-Ohio, reacts to a tentative deal for port workers and Minnesota Gov. Tim Walz saying he’s a knucklehead over his previous Tiananmen Square claims. (CBS News) The labor union representing the 45,000 U.S. dockworkers who went on strike in the
A brand of fresh broccoli sold at Walmart stores in 20 states is being recalled over listeria contamination, the Food and Drug Administration announced Thursday Braga Fresh, a California-based company, issued a voluntary recall of washed and ready-to-eat 12-ounce bags of Marketside Broccoli Florets. The FDA is urging consumers to throw out any bags of
close video Ex-homicide detective on New Orleans suspect’s ISIS inspiration: ‘Very difficult to wrap your head around that’ Former D.C. homicide detective Ted Williams explains the latest updates on the New Orleans attack, the suspect’s inspiration from ISIS and how the investigation can impact other police departments and law enforcement. Ford CEO Jim Farley reacted
Mark Zuckerbergs Meta announced a major overhaul of its global policy team on Thursday pushing out left-leaning department chief Nick Clegg and replacing him with the companys best-known Republican, Joel Kaplan. Kaplan, who once served as deputy chief of staff for George W. Bush, is set to take over the reins of the Facebook and
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