By Arasu Kannagi Basil and Pritam Biswas(Reuters) -Kraken, one of the world’s largest cryptocurrency exchanges, began a phased national rollout of commission-free trading for over 11,000 U.S.-listed stocks and exchange-traded funds on Monday, marking its latest move to expand across asset classes.Crypto firms such as Kraken are looking to expand their businesses to traditional financial spaces o ...
By Jody GodoyWASHINGTON (Reuters) -Facebook parent Meta Platforms (NASDAQ:META) bought up nascent rivals Instagram and WhatsApp after its attempts to compete had failed, an attorney for the U.S. Federal Trade Commission said at the beginning of a high-stakes trial in Washington on Monday, in an effort to unwind the deals.FTC attorney Daniel Matheson said that the unlawful strategy "established ent ...
By Arsheeya Bajwa(Reuters) -Intel has agreed to sell a 51% stake in its Altera programmable chip business to buyout firm Silver Lake for $4.46 billion, in the first major move under new CEO Lip-Bu Tan to revive the struggling American chipmaker.The deal values Altera at $8.75 billion, nearly half the roughly $17 billion Intel (NASDAQ:INTC) paid for it in 2015, and is expected to close in the back ...
By Lisa Pauline Mattackal and Purvi Agarwal(Reuters) - Wall Street’s main indexes rose on Monday, boosted by gains in technology stocks after the White House exempted smartphones and computers from new tariffs on Chinese imports, although additional levies on semiconductors remain imminent.The United States unveiled the exemptions on Friday, but President Donald Trump said he would announce tari ...