Federated Hermes introduced the Money Market Management Digital Treasury Fund–Reserve Shares, designed to meet reserve and liquidity requirements for payment-stablecoin issuers under the GENIUS Act passed in 2025. The fund invests in US dollar cash, US Treasury securities, and repurchase agreements, aiming to provide stable income while complying with regulatory standards. It is Federated Hermes' first product targeting eligible reserve assets for stablecoins, with potential future use of blockchain technology to record share ownership. This launch builds on Federated Hermes' 50-year expertise in money market innovation and supports the evolving digital asset ecosystem.
Sodexo has secured a major global contract to provide catering services across more than 130 Meta sites in over 30 countries. This large-scale partnership includes diverse locations such as headquarters, campuses, data centers, and conference centers...
Frasers Group PLC has withheld financial guidance for the upcoming year due to uncertainty around its takeover bids for Hugo Boss and Accent Group. The retailer's full-year adjusted profit before tax fell 4% to £538 million, impacted by asset impairm...
Ethereum rose 3.17% to $1,923.53, outperforming Bitcoin's modest 0.18% gain to $64,588.87, signaling an early rotation toward large-cap altcoins. Despite this, overall market activity slowed, with declines in DeFi, stablecoin, and derivatives trading...
Gabriel Holding A/S has agreed to sell its European FurnMaster furniture manufacturing operations, including subsidiaries in Poland and Lithuania, to Leggett & Platt for an initial price of approximately EUR 9 million, with a possible additional paym...
A Gaza resident raised over £55,000 on GoFundMe to support his family but faced issues as the platform cannot pay directly to Gaza, forcing funds through intermediaries who failed to deliver the full amount. This highlights a broader problem in human...
