The US Securities and Exchange Commission (SEC) on Wednesday (Jan 10) approved exchange-traded funds (ETFs) that track the price of bitcoin in a game-changer for the cryptocurrency industry which has been trying for more than a decade to launch such a product. Multiple asset managers have applied for bitcoin ETFs since 2013, but the SEC rejected them on...
TOKYO :Japan's Fast Retailing Co said on Thursday that strong overseas sales drove a 25 per cent rise in first quarter operating profit, as the Uniqlo operator charts a third-straight year of record earnings. Profit was 146.7 billion yen ($1.01 billion) in the three months through November compared with 117.1 billion yen a year earlier. The consensus...
Netflix's ad-supported tier has reached more than 23 million global active users per month, the Variety magazine reported on Wednesday, quoting the streaming giant's advertising chief Amy Reinhard. The ad tier plan was launched in November 2022 in 12 markets, including the United States, to attract more customers and add a new revenue stream as competition...
LONDON: The UK government on Thursday (Jan 11) announced plans for what it said was the country's "biggest expansion of nuclear power for 70 years" to bolster its energy independence and meet carbon emission targets. The Civil Nuclear Roadmap includes exploring the construction of a major new power station, £300 million (US$382 million) of investment to...
Bitcoin held steady on Thursday after regulators approved the first U.S.-listed exchange traded funds (ETFs) to track the world's largest cryptocurrency, seen as a landmark move that could broaden its appeal to investors. The Securities and Exchange Commission (SEC) said on Wednesday it approved 11 applications, including from BlackRock, Ark Investments/21Shares, Fidelity, Invesco and VanEck, with...
BANGKOK : Thai consumer confidence rose in December, reaching the highest level in 46 months, boosted by government measures to ease living costs and increased tourism, a survey showed on Thursday. The consumer index of the University of the Thai Chamber of Commerce increased to 62.0 in December from 60.9 the previous month, the university said...
Alphabet's Google said on Wednesday it is laying off hundreds of people working on its voice-activated Google Assistant software and is eliminating a similar number of roles in the company's Devices and Services team. The layoffs at Google Assistant, first reported by news platform Semafor, are a part of organizational changes that have been in place...
Tesla on Wednesday launched the restyled version of its Model 3 sedan in North America and kept the prices unchanged, according to the company's website and a post on X. The electric car maker has removed the most expensive version of the Model 3, the "performance" variant, from its North American websites, and now only lists...
El Salvador has observed a significant uptick in the value of its Bitcoin holdings. For the past two years. El Salvador’s investments remained below their initial purchase value. However, the country now sees an increase in value, with unrealized gains amounting to approximately $12.6 million, according to data provided by Nayibtracker. This positive development in El Salvador’s Bitcoin investment saga was acknowledged...
Unknown hackers hijacked the X account of the United States Securities and Exchange Commission (SEC), posting a fake spot Bitcoin ETF approval message. On Jan. 9, the SEC chair Gary Gensler debunked an announcement claiming spot Bitcoin ETFs were approved. The SEC’s official X account published the notice. However, Gensler warned that the page had been...
