The Japanese banking giant Mitsubishi UFJ says it will launch a cross-chain stablecoin issuance and interoperability platform next year.In an official Mitsubishi UFJ announcement, the firm stated that it would work with a Tokyo-based company named Datachain to “build cross-chain infrastructure for stablecoins.”Mitsubishi UFJ began piloting the project back in…

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Dear readers/followers, Consumer discretionary companies are fickle in a volatile macro, such as the one we have right now. My investment in Polaris (NYSE:PII) has performed alright, but still less than the overall market. Not entirely unexpected, and not something I view as a problem given my timeframe when I…

Morgan Stanley rainmaker Rob Kindler is leaving to join elite law firm Paul, Weiss, Rifkind, Wharton & Garrison after 17 years with the Wall Street investment bank where he advised on some of the largest-ever corporate takeovers. Paul Weiss said Kindler was joining as a partner and would chair its mergers…

A federal appeals court wrestled in oral arguments on Tuesday with a Biden administration request that it pause a judge’s ruling that would wipe away an Obamacare mandate requiring certain preventive care services – including statins and some cancer screenings – to be provided at no cost. The ruling, from…

Apple Inc. executives avoided using the term “metaverse” when introducing their new headset Monday, but the Vision Pro device could still provide a boost to Meta Platforms Inc. Chief Executive Mark Zuckerberg’s push into augmented realities. The announcement of the Vision Pro high-tech goggles during the keynote address at Apple’s…

Dear Tax Guy, I just started renting my house out on Airbnb. I started a limited liability company to keep the expenses separate from personal ones. I am trying to figure out what would be considered tax deductions in this scenario? I had my own marketing research LLC for around…

Yet another shockingly large increase in hiring in May suggests the U.S. labor market is still running hot, but some economists see a spike in the unemployment rate as a warning sign. The economy added 339,000 jobs in May to mark the biggest increase in four months. Employment gains in…

© Reuters. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., June 5, 2023. REUTERS/Brendan McDermid By Hannah Lang, John McCrank and Sinéad Carew (Reuters) – Cryptocurrencies and shares in crypto and blockchain-related companies tumbled on Monday after the U.S.…

By Ange Aboa KATIOLA, Ivory Coast (Reuters) – Drissa Dembele, a farmer and buyer of raw cashews, surveyed unshelled nuts he had spread out to dry on a tarpaulin in a dusty courtyard, unsure of when he would sell them. Dembele, a 36-year-old father of two, had sold only five…