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The company will use the money to introduce additional wrapped tokens for investors.

Movement is building a layer-2 blockchain on Ethereum using technology from Facebook's failed crypto project.

These are the investments that have paid off for the billionaire

Moderna stock was on track to see a weekly gain of 10% as of Wednesday following the first reported bird flu death in the US.

(Bloomberg) -- UK markets tumbled, pushing bond yields to the highest in more than a decade, as jitters over persistent inflationary pressures sparked unnerving comparisons with the 2022 gilt crisis.Most Read from BloombergNYC’s Subway Violence Deters Drive to Bring Workers Back to OfficeNYC Condo Owners May Bear Costs of Landmark Green Building LawDutch Central Bank Restores Amsterdam’s ‘Ugliest Building’Can American Drivers Learn to Love Roundabouts?Can States Hit the Brakes on Runaway Roadbui

WASHINGTON (Reuters) -Inflation should continue falling in 2025 and allow the U.S. Federal Reserve to further reduce interest rates, though at an uncertain pace, Federal Reserve Governor Christopher Waller said on Wednesday. Waller said that while it was true inflation "appears to have stalled" above the Fed's 2% target in the waning months of 2024, market-based inflation estimates, as well as one-month and shorter-term inflation readings, have left him confident that inflation is continuing to ease in the U.S. even if the pace of improvement is less certain. "This minimal further progress has led to calls to slow or stop reducing the policy rate," Waller said in remarks to an Organization for Economic Cooperation and Development event in Paris.

Wall Street is drifting and making smaller moves on Wednesday, a day after strong reports on the economy stirred up worries that inflation and interest rates may stay higher than expected. In the bond market, which has been the bigger focus for Wall Street recently, yields were also making more modest moves after charging higher over the last month. Reports on the economy Wednesday weren’t as strong as Tuesday’s, which raised hopes that the Federal Reserve may keep cutting short-term interest rates to support the economy and give markets a boost.

(Bloomberg) -- After a blistering rally at the end of last year, shares in AppLovin Corp. may be running out of steam.Most Read from BloombergNYC’s Subway Violence Deters Drive to Bring Workers Back to OfficeNYC Condo Owners May Bear Costs of Landmark Green Building LawDutch Central Bank Restores Amsterdam’s ‘Ugliest Building’Can American Drivers Learn to Love Roundabouts?Can States Hit the Brakes on Runaway Roadbuilding?The stock fell 7% on Tuesday after Bank of America analysts said fourth-qua

(Bloomberg) -- After a blistering rally at the end of last year, shares in AppLovin Corp. may be running out of steam.Most Read from BloombergNYC Condo Owners May Bear Costs of Landmark Green Building LawNYC’s Subway Violence Deters Drive to Bring Workers Back to OfficeDutch Central Bank Restores Amsterdam’s ‘Ugliest Building’Can American Drivers Learn to Love Roundabouts?Can States Hit the Brakes on Runaway Roadbuilding?The stock fell 7% on Tuesday after Bank of America analysts said fourth-qua

A top policymaker at the U.S. Federal Reserve said Wednesday that he still supports cutting interest rates this year, despite elevated inflation and the prospect of widespread tariffs under the incoming Trump administration. Christopher Waller, an influential member of the Fed's board of governors, said he expects inflation will move closer to the Fed's 2% target in the coming months.