Art Is Not a Security
NFTs “expose the incoherence of the SEC’s understanding of what it’s authorized to regulate,” says law professor Brian L. Frye, following news yesterday that the SEC has issue...
Marathon Oil shareholders vote in favor of $16 billion ConocoPhillips deal
Marathon Oil shareholders on Thursday approved the U.S. oil producer's nearly $16 billion acquisition by ConocoPhillips, the company said. Marathon Oil and ConocoPhillips expect the purchase, which is undergoing a Federal Trade Commission review, to close late in the fourth quarter of 2024. Details of the vote were not immediately available.
CoinDesk 20 Performance Update: UNI and ICP Lead Gains as Index Climbs 1.1%
Uniswap gained 3.4% and Internet Computer rose 2.8% in overnight trading.
US second-quarter economic growth revised higher on consumer spending
The U.S. economy grew faster than initially thought in the second quarter amid strong consumer spending, while corporate profits rebounded, which should help to sustain the expansion. The economy grew at a 1.4% pace in the first quarter. Economists polled by Reuters had forecast GDP would be unrevised at a 2.8% pace.
US Economy Expands at Revised 3% Rate on Resilient Consumer
(Bloomberg) -- The US economy grew at a slightly stronger pace in the second quarter than initially reported, reflecting an upward revision to consumer spending that more than offset weaker activity in other categories.Most Read from BloombergTurkey Plans Istanbul Taxi Surge to Tackle ComplaintsIntergenerational Housing Could Help Older Adults Combat LonelinessDense Cities With Low Emissions Suffer Most From Air Pollution, Study FindsAs Rural Hospitals Shutter Maternity Wards, Urban Ones FollowA
Stratasys Q2 Earnings: Loss Widens, Cuts Workforce, Lowers Annual Projections, Stock Tumbles
Stratasys, Ltd (NASDAQ:SSYS) stock tanked after the company reported fiscal second-quarter 2024 revenue of $138.04 million, missing the analyst consensus estimate of $146.34 million. Adjusted EPS loss of 0.04 cents beat the analyst consensus estimate of 5 cent loss. The adjusted gross margin expanded to 49.0% from 48.5% a year ago. Adjusted operating loss was $(3.2) million, down from $5.0 million a year ago. Adjusted net loss was $(3.0) million, down from $2.5 million a year ago. Adjusted EBITD
Fewer Americans file for jobless claims as US labor market continues to defy elevated interest rates
The number of Americans filing for unemployment benefits fell slightly last week as the U.S. labor market remains healthy in the face of high interest rates. Jobless claims ticked down by 2,000 to 231,000 for the week of Aug. 24, the Labor Department reported Thursday. Weekly filings for unemployment benefits, which are considered a proxy for layoffs, remain low by historic standards.