Ethereum's 27-year-old founder says we're in a crypto bubble. Did it just burst?

London (CNN Business)Grant McGurn is really glad he jumped on a FaceTime call with his dad. The 27-year-old office manager in Madison, Wisconsin, had put all of his investments into cryptocurrencies, including bitcoin, ethereum and dogecoin, a joke coin whose rapid ascent he considered entertaining if “ridiculous.” That alarmed his father, an experienced investor. “He knew I had all my […]

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Exclusive: Blackwater founder Prince takes role in COVID vaccine venture

WASHINGTON (Reuters) – Erik Prince, the founder of controversial private military firm Blackwater and a supporter of former President Donald Trump, jumped into the COVID-19 business late last year with a deal to distribute an experimental vaccine should it be approved, according to three people familiar with the arrangement and business records seen by Reuters.FILE PHOTO: The word “COVID-19” is […]

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WHO warns of 'failure' unless rich countries speed up vaccine sharing

GENEVA (Reuters) -Wealthy countries need to give more COVID-19 vaccines and follow the United States in making doses available immediately to cover a 200 million dose gap caused by Indian supply disruptions and manufacturing delays, a WHO senior adviser said on Friday.FILE PHOTO: World Health Organization (WHO) officials attend the arrival of the first batch of vaccines against the coronavirus […]

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EU, UK investigate Facebook over classified ad competition

Fox Business Flash top headlines for June 3 Check out what’s clicking on FoxBusiness.com. LONDON — European Union and British regulators opened dual antitrust investigations into Facebook on Friday to look into whether the company distorts competition in the classified advertising market by using data it collects from rival services. FACEBOOK TO END CONTENT MODERATION POLICIES THAT FAVOR POLITICIAN ACCOUNTS: […]

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Sterling steadies vs. dollar, set for first weekly loss in five

* Graphic: World FX rates in 2020 tmsnrt.rs/2egbfVh * Graphic: Trade-weighted sterling since Brexit vote tmsnrt.rs/2hwV9Hv LONDON, June 4 (Reuters) – Sterling steadied against the dollar on Friday, making up some of its previous day’s losses although the currency was set for its first week of losses in five due to a broadly strengthening dollar over the past week. A […]

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Stocks steady, dollar climbs as U.S. recovery sparks Fed tapering fears

TOKYO/LONDON (Reuters) – The dollar hit a multi-week high on Friday while European stocks, oil and gold steadied as markets braced for further signs the U.S. economic recovery could drive inflation and an early withdrawal of Federal Reserve stimulus.FILE PHOTO: A man wearing a facial mask, following the coronavirus disease (COVID-19) outbreak, stands in front of an electric board showing […]

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S.Korea says 81% of elderly signed up for COVID-19 vaccination

SEOUL (Reuters) – South Korea said on Friday it expects to meet its vaccination target for the first half of the year ahead of schedule as 81% of people aged between 60 and 74 years old have signed up for COVID-19 inoculations.FILE PHOTO: A South Korean elderly woman receives her first dose of the Pfizer-BioNTech coronavirus disease (COVID-19) vaccine at […]

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Oil prices slip as coronavirus gloom festers

FILE PHOTO: Crude oil storage tanks are seen in an aerial photograph at the Cushing oil hub in Cushing, Oklahoma, U.S. April 21, 2020. REUTERS/Drone BaseTOKYO (Reuters) – Oil prices dropped on Friday as concerns about the patchy roll-out of anti-coronavirus vaccinations around the globe tempered optimism earlier in the week that demand for fuels was recovering from the depths […]

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Hong Kong police to try to stifle any commemoration of Tiananmen crackdown

HONG KONG (Reuters) – Thousands of Hong Kong police are expected to surround a central park and patrol the city’s streets on Friday to prevent people from gathering to commemorate the 1989 crackdown by Chinese troops in and around Beijing’s Tiananmen Square.Police officers patrol in Tiananmen Square in Beijing, China, June 3, 2021. Picture shot through a window. REUTERS/Thomas PeterCritics […]

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