In an anonymous warehouse in southern England, engineers at Evolve Dynamics are working on technology that could help keep Ukraine’s reconnaissance drones in the sky even after Russia tries to jam them electronically.
The yen dropped to its lowest level since 1990 on Wednesday before rebounding slightly after Japan’s top monetary officials met to discuss the rapidly weakening currency and suggested they were ready to intervene.
Oil prices fell for a second day on Wednesday on surging U.S. stockpiles and signs the OPEC+ producer group is unlikely to change its output policy at a technical meeting next week.
Blackrock, the world’s largest asset manager, has launched its first tokenized fund, the Blackrock USD Institutional Digital Liquidity (BUIDL) fund, which will operate on the Ethereum blockchain. The new fund will invest in US Treasury bills, repos, and cash, offering a stable value of $1 per token and dividends in the form of tokenized USD yield to…
In a recent earnings call, evoke (formerly known as the company before rebranding) reported a 38% increase in revenue and a 41% growth in adjusted EBITDA for 2023, largely attributed to the acquisition of William Hill. Despite these gains, the company experienced an 8% pro forma revenue decline due to regulatory and compliance challenges.
The Bank of Canada (BoC) is likely to move ahead of the U.S. Federal Reserve on its first rate cut, as tepid economic growth and cooling inflation are priming up conditions to ease borrowing rates sooner, economists and analysts said.
The dollar dipped on Tuesday as traders waited on a fresh catalyst to give clues on Federal Reserve policy, while the yen was steady after Japan’s finance minister said that he would not rule out any measures to cope with the weakening currency.
Oil prices were little changed on Tuesday as investors took a more mixed view toward the loss of Russian refinery capacity after recent Ukrainian attacks while a slightly weaker U.S. dollar offered some support.
The total short interest in crypto-related stocks stands at $10.7 billion, with MicroStrategy Incorporated (NASDAQ:MSTR) and Coinbase Global Inc (NASDAQ:COIN) accounting for 84% of this short interest. Overall, the sector’s short interest as a percentage of float is over three times larger than the U.S. average of 5.13%.
The company explained that new data from two open-label Phase 1/2a studies and two open-label extension (OLE) studies of children and adolescents ages two to 18 with Dravet syndrome who were treated with STK-001 showed “clinically meaningful effects.”
