The Securities and Exchange Commission is dropping its investigation into Robinhood’s crypto arm, the company revealed Monday. Robinhood said it received a letter from the SEC’s enforcement division on Friday, detailing in a blog post that the agency has closed its investigation into the crypto business with no intention of moving forward with an enforcement action. The news comes three days after Coinbase similarly ...
Starbucks will lay off 1,100 corporate employees and will not fill several hundred other open positions, the coffee chain’s CEO Brian Niccol said Monday. The cuts will not affect workers at the company’s cafes. In a message to corporate employees, Niccol said Starbucks is “simplifying our structure, removing layers and duplication and creating smaller, more nimble teams.” “Our intent is to operate ...
Apple on Monday reaffirmed a commitment to invest hundreds of billions of dollars in the U.S. over the coming years amid pressure from President Donald Trump and the growing threat of his tariffs The tech giant said it planned to spend $500 billion over the next five years in the United States, with intentions to hire 20,000 new workers and ...
Ukrainian President Volodymyr Zelensky said Sunday that he was “ready” to resign as leader if it meant peace in his country, suggesting he could swap it for NATO membership. Asked at a press conference if he was ready to quit if it ensures peace for Ukraine, Zelensky said: “If [it guarantees] peace for Ukraine, if you really need me to ...
Pope Francis remains in critical condition, according to the Vatican, with blood tests showing mild signs of kidney failure “which is currently under control,” the Vatican said Sunday, as the 88-year-old pontiff battles pneumonia in both his lungs. It added that Francis, who was hospitalized over a week ago, has not shown further respiratory crises since yesterday evening. Some of ...
Germany’s center-right Christian Democratic Union (CDU) is set to return to power with the far-right Alternative for Germany as second-largest party, exit polls show, after snap elections dominated by concerns over immigration, the economy and the return of Donald Trump. The CDU’s party headquarters were filled with cheers and applause on Sunday evening as the exit polls were revealed and ...
A British couple in their 70s who run education programs in Afghanistan have lost contact with their family after being detained by the Taliban early this month, their children say. The family urged the Taliban authorities to release Peter and Barbie Reynolds. Their four adult children said the couple have lived in Afghanistan for 18 years, remaining after the Taliban ...
In a war dominated by the unexpected, few imagined Ukraine’s fourth year at war would so firmly question the security of all of Europe. The most basic tenets have crumbled in this war. Russia’s military superpower status has weakened, and the Kremlin’s inner circle overcame an uprising. Drones have altered warfare permanently, and rendered warehouses of tanks near-useless. The United ...
New Zealand raised fresh concerns Monday over nearby live-fire drills conducted by Chinese warships armed with “extremely capable” weapons, an unprecedented show of firepower last week that analysts say are part of Beijing’s ongoing plan to build a blue-water navy with global reach. A Chinese Navy formation held two live-fire exercises in the Tasman Sea between Australia and New Zealand ...
Ukrainian President Volodymyr Zelensky on Monday hailed Ukraine’s “absolute heroism” as he marked the third anniversary of Moscow’s full-scale invasion, and as European leaders began arriving in the capital Kyiv in a show of support for the embattled country. “Three years of resistance. Three years of gratitude. Three years of absolute heroism of Ukrainians. I am proud of Ukraine!” Zelensky ...