Business

For years, the crypto industry has complained about the Securities and Exchange Commission’s hardline stance, and its refusal to develop rules that account for blockchain’s distinct technology. One firm, though, claimed the SEC’s current crypto rules are just fine. This stance has paid off as the firm, Prometheum, won a first-of-its-kind license for crypto-based securities and—despite being virtually unknown in…

The controversial China-born crypto entrepreneur Justin Sun has invested $30 million in President-elect Donald Trump’s World Liberty Financial, making him the largest investor in the decentralized finance project. “The U.S. is becoming the blockchain hub, and Bitcoin owes it to @realDonaldTrump!,” Sun, the founder of the cryptocurrency firm Tron, announced in a post on X Monday. “TRON is committed to making America…

Super Micro Computer hired a new auditor Monday after its previous one, Ernst & Young, quit in the middle of an engagement.  The Silicon Valley-based company, which touts a close relationship with AI stock-rocket Nvidia, had risked being delisted from the Nasdaq after failing to file both an annual and quarterly report on time. Its previous grace period with the…

President-elect Donald Trump’s media company is in talks to buy the crypto trading platform Bakkt in an all-stock deal, according to the Financial Times.  The move represents the Trump Media and Technology Group’s (TMTG) first venture to branch out from Truth Social, the upstart social media platform.  Shares of both TMTG and Bakkt jumped after the FT report. Bakkt closed…

Boris Johnson says President-elect Donald Trump was “pretty tough” on Vladimir Putin the last time he was in the Oval Office. But this time around, his longtime political ally is concerned that freedom and democracy globally are now more at risk—the former prime minister of the U.K. claimed Trump has advisors who admire the Russian dictator whispering into his ear.…

Honeywell CEO Vimal Kapur has a message to employers that are on the fence about adopting artificial intelligence.  “In today’s world, if you’re not going to change, you’re living in the past,” he said at the Fortune Global Forum conference in New York on Monday. “If you resist it, I’m sure it will come and get you.”  As an optimist…

One of the nation’s best pollsters just flashed a major warning sign at the Trump campaign.  On Saturday, J. Ann Selzer, an Iowa pollster celebrated for her accuracy, released her final pre-Election Day poll, which showed Vice President Kamala Harris leading former President Donald Trump 47% to 44% in the Hawkeye State. Both campaigns had all but written off Iowa…

Are you buying a home or refinancing the one you already own? It’s an exciting time, and it also means you’re probably researching the best mortgage lender for the job. We’re here to help.  Whether you’re a first-time homebuyer or you’ve done this before, we’ve compiled the best lenders on the market for a variety of situations. Let’s examine what…

An extraordinarily rare dime whose whereabouts had remained a mystery since the late 1970s has sold for just over $500,000. The coin, which was struck by the U.S. Mint in San Francisco in 1975, depicts President Franklin D. Roosevelt and is one of just two known to exist without its distinctive “S” mint mark. Three sisters from Ohio inherited the dime after…

James Conroy, 54, will join the retailer known for its Dress-for-Less slogan next month, in a move that will see him leapfrogging a well-established internal executive team at Ross to start Dec. 2, 2024. He’ll replace current CEO Barbara Rentler, who has been in the role since 2014, after having joined the company in 1986. Ross told investors Conroy will…