Crypto exchange OKX launched a standalone app on Tuesday that lets users convert more than 50 local currencies into U.S. dollar-backed stablecoins, as the company tries to expand its offerings beyond just being an exchange. OKX Money, which went live at the company’s OKX Now Product event in Singapore, is aimed at emerging markets in
Nvidia, the dominant supplier of AI-computing infrastructure, authorized a record $150 billion stock buyback on Monday, bringing its total repurchase capacity to $235 billion through fiscal year 2028, the largest in corporate history. The move comes as the AI boom faces a harsh reality: Nvidia, the giant that designs the high-performance chips, GPUs, servers and
The specter of higher interest rates is once again hanging over markets. US stocks were rattled on Wednesday as bond yields spiked to a new post-Great Financial Crisis peak, signaling investors’ rising rate expectations and their unease in holding government debt amid fiscal uncertainty, geopolitical turmoil, and inflation fears. The 10-year US Treasury yield, which
Sometimes the best investments are more about a gut feeling than hard numbers. At least that holds true for Jeff Bezos’ parents, who bet on their son when few others would. In 1995, a mere two years before Amazon would go public, and more than 30 years before it would surpass Walmart to become the
Acme AI & FX’s Ryan Kavanaugh, Laura Austin-Little at Black Bear International, Neon’s Elissa Federoff, StudioCanal’s Ron Halpern and Sumerian Pictures’ Rob Williams are confirmed for San Sebastián’s fifth Creative Investors’ Conference, co-organized with CAA Media Finance. They will join CAA Media Finance’s Roeg Sutherland, Killer Films’ Christine Vachon, Patrick Wachsberger at 193 and Sumerian
U.S. President Donald Trump wants factories and investment moving south to the United States. Canadian Prime Minister Mark Carney is betting he can make billions flow north. About 300 CEOs and senior executives from some of the world’s biggest investment firms are gathering at the Four Seasons in Yorkville, a tony Toronto enclave of high-end restaurants
