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The move to acquire the crypto company comes after Mastercard was in talks to acquire another stablecoin startup BVNK for around $2 billion.

US and Chinese leaders expected to unveil deal to extend tariff truce amid tensions over rare earths and tech controls

US and Chinese leaders are holding two hours of negotiations as tariff deadline looms

The Fed will stop shrinking its $7 trillion balance sheet in December, but Powell stressed it’s a pause in quantitative tightening, rather than a new phase of easing.

Central bank says it will halt quantitative tightening programme amid signs of stress in money markets

The move follows lawsuits alleging Character.AI’s chatbots encouraged self-harm and ongoing investigations into child safety.

However, the Fed chair noted that the growth is unevenly distributed and concentrated among only a few companies.

A lack of rare earths is just one way in which nature disadvantages the continent

Alphabet, Meta and Microsoft divide the market over whether they can translate huge capital expenditure into income