Bitcoin Plunges, and Softbank's Deadline on Uber Looms Large
Bitcoin prices plunged Thursday after South Korean regulators announced a crackdown. Among the changes: a ban on anonymous crypto accounts and the added authority to shut down exchanges if needed.
And Softbank's offer to take what could be a 14% stake in Uber expires at 3 pm ET. We'll be watching whether the Japanese conglomerate can get enough willing shareholders to get behind the deal.
Plus Apple CEO Tim Cook got a 47 percent pay raise for its fiscal year. But his new $12.8 million salary, as large as it is, pales in comparison to his stock compensation. That added nearly $90 million to his net worth.
And Cheddar Scoops! Snapchat is developing "Stories Everywhere," which will allow users to post content to other websites and apps. You heard it first here on Cheddar!
When Treasury Secretary Scott Bessent (above) and Fed chair Jay Powell jointly summon America’s top bankers to a meeting in Washington, you know it’s big.
Kim Crawford Goodman, CEO of Smarsh, breaks down how financial firms are scaling AI while managing compliance, risk, and regulation in a changing landscape.
Elizabeth Renter, Senior Economist at NerdWallet, breaks down how inflation and oil price shocks are driving higher costs and squeezing consumers today.
David Branch of Wells Fargo explains why cocoa prices are falling but some candy costs remain high and when consumers may finally see relief at checkout.
Colonel Chris Hadfield, astronaut and best-selling author, breaks down Artemis II and why NASA’s next crewed mission is key to returning humans to the Moon.
Ben Geman, Energy Reporter at Axios, explains how the Iran war could reshape global energy—disrupting supply, shifting power, and accelerating a new regime.
