(Reuters) – The U.S. Securities and Exchange Commission said on Tuesday it was forming a new cryptocurrency task force to develop a comprehensive and clear regulatory framework for crypto assets. President Donald Trump, a crypto entrepreneur, has pledged his new administration will work to promote the industry’s interests, unlike the prior administration which had clashed […]
Trump to announce up to $500 billion private sector AI infrastructure investment, sources say
By Steve Holland (Reuters) -President Donald Trump is due to announce private sector investment of up to $500 billion of artificial intelligence infrastructure on Tuesday, two sources told Reuters. OpenAI, SoftBank and Oracle plan a joint venture called Stargate, and have committed $100 billion initially and then up to $500 billion into Stargate over the […]
FTAI Aviation shares sink following investigation into short-seller claims
(Reuters) -Shares of FTAI Aviation plummeted more than 30% on Tuesday after the U.S. aircraft lessor announced that its audit committee would investigate claims of financial irregularities made by short-seller Muddy Waters Research. “Although the review will take longer than some may like, it is the most thorough way to clear the accounting allegations and […]
Trump’s EV rollback not expected to suppress appetite for critical minerals
By Melanie Burton and Ernest Scheyder (Reuters) – U.S. President Donald Trump’s rollback of electric vehicle targets may temporarily slow demand for lithium and other critical minerals, but is unlikely to hamper the mining industry amid surging global EV demand, analysts and industry leaders said. Trump on Tuesday revoked predecessor Joe Biden’s 2021 executive order […]