Prominent crypto hedge fund Three Arrows Capital has defaulted on a loan worth more than $670 million. Digital asset brokerage Voyager Digital issued a notice on Monday morning, stating that the fund failed to repay a loan of $350 million in the...
Sheetz convenience stores will lower its price for unleaded 88 gasoline to $3.99 a gallon through the Fourth of July holiday. Sheetz said it is helping to “reduce pain at the pump.” The lower prices are “effective...
Frontier Group's latest offer for Spirit Airlines has the advisory firm Institutional Shareholder Services Inc (ISS) reversing its opinion about a deal. ISS is now urging shareholders of Spirit Airlines to vote for a proposed merger with Frontier's parent company. That's a change from a month ago when the advisory firm...
LONDON — European stocks moved higher on Monday, continuing a positive trend seen at the end of last week’s trading. The pan-European Stoxx 600 index added 0.75% by late morning, with basic resources jumping 2.7% to lead gains as most sectors and major bourses traded in positive territory. Insurance stocks...
U.S. stock futures rose on Monday morning following a major rebound last week from this year’s steep declines. Despite the bounce, Wall Street is preparing to wrap up the worst first half for stocks in decades. Dow Jones Industrial Average futures rose 0.55%, or 173 points. The S&P 500 futures...
SINGAPORE — Shares in the Asia-Pacific traded higher on Monday as investors assess inflation and recession fears. Hong Kong’s Hang Seng index led gains in the region, to end the day 2.35% up at 22,229.52, after trading more than 3% higher in the session. The Hang Seng Tech index popped...
Russia has $100 million in foreign debt payments due Sunday night, as a 30-day grace period ends. If bondholders don't receive payment on time, Russia will see its first default since 1998. Last...
Democratic California Gov. Gavin Newsom is close to striking a deal with the state legislature that would give taxpayers hundreds of dollars in gas rebates. The proposed plan, supported by both Newsom and state legislative leaders, would...
El Salvador bet its economic salvation on bitcoin, but so far the gamble isn’t paying off like President Nayib Bukele hoped it would. The government’s crypto coffers have been cut in half, bitcoin adoption nationwide isn’t really...
Merchants and consumers have had enough experience with cryptocurrencies that they understand the advantages they offer as a payment method. Forty-six percent of merchants currently accept cryptocurrency as a form of payment, according to “Paying with Cryptocurrency,”...
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