Tagged: us

November 9, 2026 @ 1:19 am By Omar Faridi  |  

Anthropic has no plans to postpone its highly anticipated initial public offering, even as turbulence sweeps through artificial intelligence related trades, according to unnamed individuals familiar with the company’s thinking who spoke with the FT. The maker of the Claude AI models continues to target… Read More

November 8, 2026 @ 2:27 am By Omar Faridi  |  

The Internal Revenue Service (IRS) has issued its annual inflation adjustments covering nearly 70 tax provisions for the 2027 tax year. These updates, detailed in Revenue Procedure 2026-35 and announced on November 5, 2026, raise income thresholds and deduction amounts to reflect rising prices. The changes… Read More

November 8, 2026 @ 12:32 am By Omar Faridi  |  

U.S. equity markets suffered a sharp and broad-based decline on Thursday, with the technology-heavy Nasdaq Composite officially entering correction territory after a 5.5 percent drop. That single-session plunge marked the index’s steepest one-day loss in 19 months and erased roughly $2.5 trillion in market value…. Read More

November 7, 2026 @ 8:18 am By Omar Faridi  |  

The U.S. labor market delivered a stronger-than-anticipated performance in October, according to data released Friday by the Bureau of Labor Statistics. Employers added 165,000 nonfarm payroll jobs during the month, substantially outpacing economists’ consensus forecast of roughly 59,000 new positions. At the same time, the… Read More

November 2, 2026 @ 8:12 pm By Omar Faridi  |  

Fixed income markets have recorded a clear advance in recent sessions as portfolio managers and analysts take a more cautious view of growth prospects in the artificial intelligence and broader technology complex in the United States. Capital has rotated toward government securities after a cluster… Read More

October 29, 2026 @ 4:47 am By Omar Faridi  |  

Hong Kong-based payments firm RedotPay is weighing a private submission of its U.S. initial public offering paperwork before the close of 2026, according to people familiar with the discussions. The move comes after prolonged internal reviews and efforts to address regulatory questions that have shaped… Read More

October 29, 2026 @ 2:49 am By Omar Faridi  |  

Ripple has received final authorization from the Office of the Comptroller of the Currency to establish Ripple National Trust Bank, a federally supervised national trust bank. CEO Brad Garlinghouse shared the development on X on October 26, 2026, describing it as a major step that… Read More

October 29, 2026 @ 1:46 am By Omar Faridi  |  

Hyperliquid has detailed a new optional extension to its builder-deployed perpetual futures system, known as HIP-3*, that would enable restricted-access markets. The decentralized trading protocol stated that Payward, the parent company of the cryptocurrency exchange Kraken, intends to become the first entity operating under Commodity… Read More

October 28, 2026 @ 12:34 pm By Omar Faridi  |  

Galaxy Digital (NASDAQ: GLXY) shares advanced after the company reported a sharp return to profitability in the third quarter of 2026 and authorized a fresh share repurchase program. The digital asset and infrastructure firm posted net income of $323 million for the three months ended… Read More

October 28, 2026 @ 7:43 am By Omar Faridi  |  

Coinbase (NASDAQ: COIN) has recently rejected claims of a direct systems compromise, attributing the exposure of certain customer contact details to a security incident at its analytics provider Amplitude. In statements issued through its official support channel on X, the company emphasized that its own… Read More

October 27, 2026 @ 9:07 am By Omar Faridi  |  

Microsoft (NASDAQ: MSFT) has extended voluntary exit packages to roughly 60,000 eligible workers, representing approximately 27 percent of its global workforce of about 223,000 full-time employees as of the end of June. The time-limited Voluntary Exit Offer, announced on October 26, 2026, by Executive Vice… Read More

October 26, 2026 @ 10:11 pm By Omar Faridi  |  

Federal authorities in Connecticut have accused a Meriden tax preparer of systematically inserting fictitious cryptocurrency and stock losses onto clients’ returns even though the taxpayers never held the assets in question. The allegations form one element of a wider set of charges that also encompass… Read More

October 26, 2026 @ 1:09 pm By Omar Faridi  |  

California’s Department of Financial Protection and Innovation has formally opposed a Securities and Exchange Commission proposal that would create new federal exemptions for certain cryptocurrency-related securities offerings. In a comment letter filed on the October 20, 2026 deadline, state officials argued that the plan, known… Read More

October 26, 2026 @ 4:44 am By Omar Faridi  |  

J.P. Morgan Asset Management (NYSE: JPM) announced that its tokenized money market funds—My OnChain Net Yield Fund (MONY) and JPMorgan OnChain Liquidity–Token Money Market Fund (JLTXX)—are now accessible on the Solana blockchain for qualified U.S. investors. This multi-chain expansion, facilitated through the firm’s Morgan Money… Read More

October 25, 2026 @ 11:48 pm By Omar Faridi  |  

Phantom has started offering US users access to prediction markets through its first domestic integration with the CFTC-registered exchange Kalshi. In a statement published on October 23, 2026, the company’s general counsel, Kevin Jacobs, announced that the feature is beginning a phased rollout, with broader… Read More

October 25, 2026 @ 12:18 am By Omar Faridi  |  

Digital asset platform Uphold has made shares of Evernorth Holdings Inc. (NASDAQ:XRPN) available for trading, giving qualifying US clients an additional channel to invest in a business centered on XRP. The listing, announced in mid-October 2026, allows eligible users to buy fractional stakes in the… Read More

October 24, 2026 @ 8:49 pm By Omar Faridi  |  

A recent US Securities and Exchange Commission (SEC) filing from Meta Platforms (NASDAQ: META) has laid bare a months-long, often tense negotiation between Mark Zuckerberg and a special committee of the company’s independent directors over how to raise equity capital for an enormous artificial intelligence… Read More

October 23, 2026 @ 5:32 pm By Omar Faridi  |  

Defense Secretary Pete Hegseth has directed all U.S. military personnel and Pentagon civilians to stop using nonpublic government information for wagers on prediction markets or other betting platforms. The one-page memorandum, dated October 20 and circulated to senior defense leaders, combatant commanders, and agency heads,… Read More

October 23, 2026 @ 10:28 am By Omar Faridi  |  

Wall Street closed sharply lower on Thursday as technology stocks absorbed the heaviest selling, with the latest batch of corporate results failing to rekindle enthusiasm for artificial intelligence investments. The Nasdaq Composite dropped 2.6 percent, its steepest single-session decline since June, while the S&P 500… Read More

October 21, 2026 @ 10:18 am By Omar Faridi  |  

Utah Attorney General Derek Brown filed a civil lawsuit on October 20, 2026, against prediction-market operator Kalshi and affiliated entities, seeking to halt their activities in the state and recover estimated tens of millions in profits tied to Utah users. The action, lodged as a… Read More