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Binance-branded BUSD stablecoin has lost another $1 billion in market cap, descending to the fourth position among stablecoins.The Binance USD (BUSD) stablecoin currently has a market cap of around $4.3 billion, down from $5.5 billion a month ago, data by CoinMarketCap shows.This places BUSD in fourth position among stablecoins and right behind decentralized…

Right now, as investors get back into risk-taking mode, the market is suddenly re-discovering a lot of downtrodden tech stocks that were trading at underwater valuations far below their intrinsic worths. This group of stocks has been among the biggest rebounders over the past few weeks, and in my view,…

The writer is chair of Rockefeller InternationalIn 2010, amid the global boom in billionaire fortunes, I began combing the annual Forbes list for clues to which countries were most vulnerable to anti-rich populist revolts. When I last published the results in 2021, warnings were flashing red for France, where billionaire…

Esper: ‘I’m not surprised’ China spying on US from Cuba Former Defense Secretary Mark Esper tells CNN’s Jake Tapper that “we shouldn’t be surprised” China has spy facilities in Cuba, calling it part of China’s effort to “gain dominance over the United States.” Read the full article here

Even with U.S. stocks in a new bull market, investors aren’t showing many signs of backing away from money-market funds and other cash-like investments offering yields of about 5%, the highest in about 15 years. Money-market funds hit a record of $5.9 trillion in assets as of Tuesday, signaling a…

By now, most Americans have heard of Ozempic, Mounjaro and Wegovy, the Type 2 diabetes drugs that are also helping people lose weight — in some cases, significant amounts.  But not everyone may qualify for the drugs through their insurance. And the medications can be expensive for those without insurance…

A few years ago, my wife’s cousin stayed with us for about six weeks while she was going through the hiring process at my company. It was the longest six weeks of my life. She pretty much sat on the couch and never moved a finger to help around the…

The numbers: The number of people who applied for U.S. unemployment benefits in early June jumped to a nearly two-year high of 261,000, but most of the increase took place in just two states: Ohio and California. New jobless claims in the seven days ended June 3 climbed by 28,000…

5/5 © Reuters. People wait for bus near a billboard of JD.com advertisement for the “618” shopping festival, in Beijing, China June 12, 2023. REUTERS/Tingshu Wang 2/5 By Casey Hall and Sophie Yu SHANGHAI (Reuters) – China’s e-commerce platforms are competing fiercely in the country’s first major shopping festival after…