Crypto Prices Soar
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Price of engineered-wood siding soars 38%, fueling earnings beat for LP Building
LP Building’s stock took flight Wednesday toward a fresh record close, after the wood building products maker beat first-quarter earnings expectations and raised its full-year outlook.MarketWatch - Business -
FTX customers may get their money back, but no gains from crypto price increases
Some customers of the failed cryptocurrency exchange FTX could receive the full value of the money they lost if a court approves the company's bankruptcy plan.NBC News - Top stories - Crypto -
Disease and hunger soar in Latin America after floods and drought, study finds
Climate chaos is threatening food production, trade and lives, says World Meteorological Organization. Hunger and disease are rising in Latin America after a year of record heat, floods and drought, a report by the World Meteorological ...The Guardian - World -
Soaring number of migrants trapped in Yemen face abuse and starvation, say NGOs
Urgent funding needed to help people return home as humanitarian crisis reaches critical levels, according to migration organisation. The number of African migrants stranded in Yemen, many of whom endure “horrifying and brutal” violence while ...The Guardian - World -
With inflation soaring, Argentina will start printing 10,000 peso notes
Prices in Argentina have surged so dramatically in recent months that the government has multiplied the size of its biggest bank note by five — to 10,000 pesos, worth about $10ABC News - World -
Bankrupt crypto exchange FTX says it will be able to repay creditors full $11bn
CEO confirms once company has sold off remaining assets it will have more than amount required. The bankrupt cryptocurrency exchange FTX has said it will be able to repay creditors the full $11bn (£8.8bn) it owes, as the boom-bust cycle repeats ...The Guardian - World - Crypto -
FTX Creditors Will Be Repaid in Full, Crypto Exchange's Estate Says
All of FTX’s creditors, except the government, will get 100% of their money back in cash plus interest, the bankrupt cryptocurrency exchange’s estate said.The Wall Street Journal - World - Crypto -
US crypto entrepreneur arrested in Dubai alleges torture by police
Edel Hsieh, who is linked to HyperVerse CEO, alleges police tortured him into signing a false confession. An American cryptocurrency entrepreneur locked in a legal dispute with the CEO of the collapsed crypto fund HyperVerse has been detained in ...The Guardian - World - Crypto -
FTX said it will have more than enough money to fully repay the defunct cryptocurrency exchange's millions of swindled customers with interest, an outcome that seemed unthinkable when it collapsed into bankruptcy in 2022.
FTX said it will have more than enough money to fully repay the defunct cryptocurrency exchange’s millions of swindled customers with interest, an outcome that seemed unthinkable when it collapsed into bankruptcy in 2022.The Wall Street Journal - World - Crypto -
Harvest partnership to bring HK-listed crypto ETFs to Singapore
Hong Kong’s first spot crypto ETFs launched at the end of last monthFinancial Times - World -
Reddit shares soar 11% after company reports revenue pop in debut earnings report
Reddit reported a big increase in sales for the first quarter and said second-quarter revenue will jump by more than 30%, based on the midpoint of the range.CNBC - Business -
Exclusive: RunPod secures $20M from Dell and Intel as demand soars for AI clouds
RunPod’s platform attracts over 100,000 developers with focus on iteration speed and ease of use.VentureBeat - Tech -
FTX will return money to most customers less than 2 years after catastrophic crypto collapse
FTX says that nearly all of its customers will receive the money back that they are owed, two years after the cryptocurrency exchange imploded, and some will get more than thatABC News - Tech - Crypto -
Home builders’ stocks have soared since we said they were cheap. These five are expected to grow profits rapidly through 2025.
Demand for new homes has been strong, despite high mortgage-loan rates.MarketWatch - Business -
Traders boost bullish bets on European gas prices
Wagers on rising prices point to concerns over potential supply disruptionsFinancial Times - World