After a long, chilly crypto winter, struggling bitcoin miners are now enjoying the warmth of spring.   The cryptocurrency's surge to above $30,000 this year, which worked in concert with lowering electricity prices to enhance their profitability, has provided a lifeline to the power-hungry...

The greatest auto market in the world, China's, is moving quickly toward an electric future, leaving major international companies in the backseat.   Car executives will return to a very different market from the one they left in 2021 when the industry assembled for a small event under...

A powerful, months-long post-pandemic spending spree may be coming to an end, according to the first-quarter sales report from LVMH, which revealed that luxury customers in the United States are reducing their purchases of high-end clothing and leather items.   The most valuable listed firm...

This week, investors will finally get access to more than $33 billion in ether thanks to a planned blockchain redesign.   Market participants will be able to redeem their "staked ether," or currency they have placed and locked up on the network during the past three years in exchange for...

China is stepping up efforts to cultivate domestic semiconductor talent in an effort to quickly overcome a skills gap that has been exacerbated by American measures to restrict Beijing's access to cutting-edge chip technology.   Over the past five years, enrolment in undergraduate and...

According to estimates, Iraq's oil production and capacity may peak after growing by about 25% over the next five years, falling short of 2027 projections and putting a stop to a long-standing goal to compete with Saudi Arabia's output, the top OPEC producer.   Political squabbling has...

Officials announced on Saturday that the European Union and Germany had achieved an agreement on the use of combustion engines in the future. The car industry had been closely watching this issue.   An influential environmental group swiftly denounced the accord, which will permit some...

As new information revealed that clients recently withdrew roughly $100 billion in deposits, regulators reaffirmed their assurance to the public that the banking system is secure.   Friday saw a special closed meeting of the Financial Stability Oversight Council that was attended by Treasury...

Free delivery is not an actual thing.   Yet, as prices rise and e-commerce shrinks, Amazon.com Inc. and other online retailers who rely on supposedly free shipping to build consumer loyalty are battling to prevent it from eating into their profitability.   Companies are increasing...

According to a source on Friday, after U.S. lenders gave First Republic Bank a $30 billion lifeline and drew record amounts from the Federal Reserve, supervisors at the European Central Bank do not see any spillover effects from recent sector turmoil for euro zone banks.   The San...

The S&P 500 bank index fell nearly 6% on Thursday, the most in over two years, as investors fled the industry in the aftermath of SVB Financial Group's share sale announcement and crypto bank Silvergate's decision to cease operations.   SVB shares, which include Silicon Valley Bank, fell...