Adobe just announced its next CEO. Here’s why its stock is dropping.
Incoming CEO Anil Chakravarthy is a company veteran. But another longtime business head will be departing Adobe, potentially foreshadowing further turnover in…
This subtle Microsoft change could be a big win for investors
The tech giant is altering how it reports the performance of different business categories in a way that analysts say will make it easier to gauge AI and Azure…
Bitget in talks with Wall Street giants including BlackRock to fuel Asian distribution
Gracy Chen highlighted the world's largest asset manager as one example of such a firm seeking to expand distribution of their tokenized ETFs in the region.…
SoFi, Kraken tie up as crypto and banking push into each other's turf
Kraken is joining SoFi's settlement network and list SoFiUSD as the companies link traditional banking with crypto markets. Source：CoinDesk
Live updates: Bitcoin shrugs off higher oil prices as Japanese yen rallies
Bitcoin is back above $77,500 with every major green on the day, though the week still reads red. Global investors are carrying their lowest currency…
Australia is cracking down on crypto businesses as its strict new regulatory deadline nears
Firms that miss the deadline could breach financial services law from Oct. 1 and face civil or criminal penalties. Source：CoinDesk
Catastrophe bonds may join tokenization rush, with plans for test issuance in 2027
A law firm and a tokenization platform say their proposed structure would give investors legal ownership of cat bonds onchain and could lower the minimum…
DOJ says Hamas crypto seizures reached $560,000 as FBI took over fundraising sites
FBI agents took control of domains and servers, specifically Alqassam.ps, to intercept donations and prevent further fundraising for the AlQassam Brigades.…
Kraken parent Payward delays IPO to second quarter of 2027 at earliest
The crypto exchange operator, which confidentially filed for a U.S. listing last November, had already put its IPO plans on hold amid difficult market…
ADP says businesses create the fewest new jobs in 7 months. Hiring slowed in the summer.
ADP said U.S. businesses created just 36,000 new jobs in august, a second small increase in a row that pointed to a slowdown in hiring during the summer.…
Live updates: BlackRock's IBIT drives $236 million bitcoin ETF outflow
Bitcoin slipped below $77,500 and every major is red on the day. The smaller crypto ETFs kept taking money while the bitcoin funds gave some back.…
Broadcom earnings need to answer these questions for the stock to rally again
Investors are wondering if Broadcom will update its AI revenue guidance, and how durable growth in its AI business will be going forward, J.P. Morgan says.…