Bank of Japan Raises Key Rate to 0.75%, Ending Era of Ultra-Loose Policy
The Bank of Japan lifted its key rate to 0.75%, ending decades of ultra-easy policy as stocks rose, the yen weakened, and bond yields hit multi-year highs.
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The Bank of Japan lifted its key rate to 0.75%, ending decades of ultra-easy policy as stocks rose, the yen weakened, and bond yields hit multi-year highs.
SoFi has launched SoFiUSD, a fully reserved dollar-backed stablecoin, becoming the first national bank to issue a stablecoin on a public blockchain.
Oracle’s $10 billion Michigan data center project faces temporary uncertainty after financing talks stalled, though the company says development remains on track.
Bill Gates might have been worth up to $1.5 trillion today if he had held onto his Microsoft shares instead of diversifying in 2014.
Mercedes-Benz design chief Gordon Wagener will leave the automaker after 28 years, ending a defining chapter in the brand’s design history.
Netflix released new branding tied to Warner Bros., reinforcing expectations around a landmark media acquisition.
PayPal has applied for a U.S. bank charter, aiming to expand lending, accept deposits, and deepen its role in the regulated financial system.
Tesla has launched a fully autonomous robotaxi with no human operator inside, showcasing real-time decision-making in live city traffic for the first time.
Phantom is launching its Phantom Cash debit card in the US this week, enabling crypto-linked spending with international expansion planned next.
Elon Musk says Bill Gates shorted about 1% of Tesla’s shares – a bet that may have cost more than $10 billion as the stock rallied.