Jerome Powell's second four-year term as U.S. Federal Reserve chair ended on May 15, but he will remain on the Fed's Board of Governors until 2028. Powell faced political pressure from President Trump over interest rate policies, but maintained a data-driven approach that influenced global markets. The new Fed chair, Kevin Warsh, will take over amid ongoing inflation challenges and geopolitical tensions in West Asia, which could impact Bitcoin and the broader crypto market. Analysts from Coinbase warn that persistent inflation may limit crypto's upward momentum, with the next Fed rate decision expected in mid-June, likely signaling a pause amid inflation concerns.
nVent Electric plc announced a quarterly cash dividend of $0.21 per ordinary share, payable on August 7, 2026, to shareholders recorded by July 24, 2026. This dividend reflects nVent's ongoing commitment to returning value to shareholders. The compan...
OpenAI is consolidating its core AI products—ChatGPT, Codex, and its developer API—into a single product team to sharpen focus ahead of a potential IPO later this year. Greg Brockman, previously interim product lead, is now permanently in charge of p...
NextEra Energy and Dominion Energy are in talks to merge in a deal valued around $400 billion, creating one of the largest utility companies in the U.S. This merger aims to address the rapidly growing electricity demand driven by AI data centers, ind...
Bitcoin's price dropped sharply after Strategy, Michael Saylor's bitcoin acquisition company, confirmed it might sell some of its $63 billion bitcoin holdings to fund debt repurchases and dividend payments. This announcement sparked fears of a bitcoi...
BlackRock's spot Bitcoin ETF saw $317 million worth of Bitcoin sold by its clients this week, contributing to a broader $1 billion net outflow from U.S. spot Bitcoin ETFs that ended a six-week inflow streak. Despite the selling pressure, BlackRock st...
