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S&P 500 futures were down more than a full percentage point this morning, after markets in Asia and Europe sold off heavily in reaction to two small regional U.S. banks that reported exposure to a potentially fraudulent loan worth only $60 million. The “contagion”—as ING called it in a note this morning—spread to Nasdaq 100 … Read more
You can never have too much of a good thing, the saying goes. For months now, Americans treated protein that way. What started as a fringe supplement used mostly by “gym bros and fitness-obsessed teens,” as Consumer Reports journalist Paris Martineau put it, has transformed into a full-blown mass-market wellness movement. There’s protein pastas, protein … Read more
Good morning. Ulta Beauty, the largest specialty beauty retailer in the U.S., has a new finance chief. Following an external search, the company selected Christopher DelOrefice, who will begin his tenure on Dec. 5; Chris Lialios will continue to serve as interim CFO until then. DelOrefice succeeds former CFO Paula Oyibo, who left the company … Read more
Coco Robotics, a startup known for its fleet of last-mile delivery bots, is looking to get more information out of the five years’ worth of data its robots have collected. Its answer: a physical AI lab with University of California Los Angeles (UCLA) professor Bolei Zhou at the helm. Coco Robotics, which made the announcement … Read more
NEWYou can now listen to Fox News articles! White House Deputy Chief of Staff Dan Scavino is poised to play an even larger role in President Donald Trump’s administration, the president announced Sunday. Trump says Scavino, in addition to his current role, will now lead the White House Presidential Personnel Office. The office was previously … Read more
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Cloud mining rises as traditional crypto mining costs surge, with SWL Miner aiming to lead the new AI-powered wave. Summary Cloud mining surges as traditional crypto mining costs rise; SWL Miner offers AI-driven, eco-friendly … Read more
Keith Heyde stands on site in Abilene, Texas, where OpenAI’s Stargate infrastructure buildout is underway. Heyde, a former head of AI compute at Meta, is now leading OpenAI’s physical expansion push. OpenAI It wasn’t how Keith Heyde envisioned celebrating the holidays. Rather than hanging out with his wife back home in Oregon, Heyde spent late … Read more
Mike Selig, chief counsel of the SEC’s cryptocurrency task force, is emerging as the frontrunner to chair the Commodity Futures Trading Commission (CFTC). According to Politico, Selig, a former partner at Willkie Farr & Gallagher and one-time law clerk to ex-CFTC Chair Chris Giancarlo, is reportedly pulling ahead of other candidates in the private selection … Read more
Another heavy hitter from Wall Street is diving into the crypto treasury craze. On Wednesday, a group of investors announced that it plans to establish a $671 million company dedicated to stockpiling the cryptocurrency Avalanche. Bart Smith, the former head of the crypto arm of the quantitative trading firm Susquehanna, will be CEO. Dubbed Avalanche … Read more
Well, folks, Uptober is finally here, and in what could be a precursor to an altcoin season, Ethereum (ETH) treasuries have flipped the script and are leading the buying frenzy. ETH has been on a tear this year. It has bounced back from a rather shaky start in Q1 to deliver a surge of nearly … Read more
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