Adidas to axe as much as 500 jobs at headquarters, source says
MUNICH (Reuters) – Adidas CEO Bjoern Gulden plans to chop as much as 500 jobs on the German sport retailer’s headquarters in Herzogenaurach, a source who took part in a…
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Trump Memecoins Ignite Fear Of Investor Fallout In Crypto Circles
Trump-themed meme coins might need excited some investors with its emergence but several executives of crypto firms think otherwise, worrying that the Trump tokens could do more harm than good…
Cholula maker McCormick forecasts tepid annual sales, profit on slowing demand, rising expenses
(Reuters) – Cholula hot sauce maker McCormick forecast annual sales and profit below analysts’ estimates on Thursday, hurt by a persistent slump in demand for its spices and condiments, especially…
Ripple Vs. SEC Sees Unexpected Motion With Amicus Filing
The legal dispute between Ripple Labs, Inc. and the US Securities and Exchange Commission (SEC) witnessed a surprising development as Higher Markets, Inc., a outstanding nonprofit dedicated to promoting public…
Nasdaq futures slide, S&P 500 backs off from record as techs lose steam
US stocks faltered before the bell on Thursday, pulling back from a bid for fresh records as AI optimism waned and markets waited for more detail on President Donald Trump’s…
Trump Family May Use Ethereum For Latest Business Ventures, Says ConsenSys CEO
ConsenSys CEO Joseph Lubin recently suggested that US President Donald Trump’s family may “construct a number of giant businesses” on Ethereum (ETH). Responding to an X thread about Trump’s recent…
Jamie Dimon sounds the alarm on stocks, says the market is looking ‘sort of inflated’
CNBC/Jamie Dimon JPMorgan CEO Jamie Dimon warned that stocks are overvalued. Dimon sees lingering risks including inflation, government deficit spending, and geopolitical tensions. Dimon’s comments echo a recent warning from…
US Court Reverses Tornado Money Sanctions
A US Court has overturned the Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctions imposed on crypto mixer Tornado Money. The move comes after the Court of…
OpenAI, SoftBank each commit $19 billion to Stargate AI data center, the Information reports
(Reuters) -OpenAI and Japanese conglomerate SoftBank will each commit $19 billion to fund Stargate, a three way partnership to develop data centers for artificial intelligence within the U.S., the Information…
Inquiry Urged By House Lawmakers Into Trump’s Crypto Ventures Amid Corruption Claims
A Democrat lawmaker has raised alarms over what he describes as “inappropriate financial activities” linked to President Donald Trump, particularly in regards to the recent launch of memecoins related to…