(Reuters) -The total market capitalization of stablecoins surged to a record high on Wednesday, data showed, as the U.S. Senate passed a bill to regulate the sector, a major step towards legitimising a once-niche but now fast-growing corner of the crypto market. According to CoinDesk data, the market capitalization of stablecoins hit an all-time high…
By Jonathan Landay WASHINGTON (Reuters) -U.S. President Donald Trump on Tuesday repudiated Director of National Intelligence Tulsi Gabbard’s assessment that Iran has not been building a nuclear weapon, publicly contradicting his spy chief for the first time during his second term. In rejecting his top spy’s judgment, Trump appeared to embrace Israeli Prime Minister Benjamin…
By David Morgan WASHINGTON (Reuters) -President Donald Trump’s sweeping tax-cut and spending bill would lead to a larger-than-expected $2.8 trillion increase in the federal deficit over the decade, despite a boost to U.S. economic output, the nonpartisan Congressional Budget Office projected on Tuesday. The budget watchdog’s dynamic analysis of the legislation, which passed the House…
By Richard Cowan WASHINGTON (Reuters) -U.S. senators on Tuesday demanded tighter security in the wake of last weekend’s assassination of a Minnesota state legislator and threats against members of Congress, in what one lawmaker called a “spreading virus” of political violence. Law enforcement officials responsible for securing the U.S. Capitol complex and its 535 members…
By Melanie Burton MELBOURNE (Reuters) -When China restricts exports of a key mineral, sometimes the pain is sudden and even crippling – enough to spur a major outcry almost immediately. Other times, it takes longer to be felt. For the world’s makers of lead-acid batteries, China’s restrictions on critical mineral antimony that were put in…
(Reuters) -Trump Media and Technology Group said on Friday that the U.S. Securities and Exchange Commission has declared effective the registration for its bitcoin treasury deal. The company said it raised about $2.3 billion through a mix of debt and equity agreements with participation from around 50 investors. It said in May that the bitcoin…
(Removes duplicate dateline.) WASHINGTON (Reuters) -The White House earlier this month directed the Defense Department and NASA to gather details on billions of dollars in SpaceX contracts following the public blowout between President Donald Trump and billionaire Elon Musk, four people familiar with the order told Reuters. Sparking an ongoing review, the administration ordered the…
(Reuters) -Traders on Friday exchanged the most $80 West Texas Intermediate (WTI) crude oil call options since January, expecting more upside to prices after Israeli airstrikes on Iran sparked fears of a wider Middle East conflict. Call options grant the holder a right to buy futures contract at the preset price and date, and a…
By Sudipto Ganguly and Shivam Patel AHMEDABAD/NEW DELHI (Reuters) -India’s aviation regulator has ordered all Boeing 787s being operated by local carriers to be inspected after an Air India crash killed 270 people this week, the aviation minister said on Saturday, adding the authorities were investigating all possible causes. The aviation regulator had on Friday…
By Saqib Iqbal Ahmed NEW YORK (Reuters) -Investors will keep close watch on planned protests across U.S. cities on Saturday, amid heightened concerns following immigration raids in Los Angeles and developments in the Middle East. The protests, organized by the “No Kings” coalition to oppose President Donald Trump’s policies, are set to coincide on Saturday…
