Business

Even Japanese baths are not safe from the shocks of the Iran war

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Yoshiko Kodama’s family has run a traditional public bathhouse in the mountainous town of Nagano, Japan, for 138 years. The company has survived several world wars, five emperors and three cataclysmic earthquakes. But the conflict in Iran threatens to bankrupt its sento, as Japanese institutions are called. Heating the water that flows from Ms. Kodama’s […]

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Netflix plans first large-scale theatrical release with ‘Narnia’

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Netflix announced Friday that it will, for the first time, release a film theatrically widely for more than a month before making it available on the company’s streaming service. The film, “Narnia: The Magician’s Nephew” by Greta Gerwig, will be released in theaters on February 12, Netflix announced, then on the streaming service on April

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Clarity Act text allows crypto companies to offer stable rewards while protecting banks’ returns

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Stablecoin yield would be prohibited under a recently released agreement addressing this controversial part of crypto market structure legislation, in an approach largely similar to what has been discussed since the start of the year. The new section of the Digital Asset Market Clarity Act released Friday revealed that the compromise crafted by U.S. Senators

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Riot shares rise after AMD increases data center capacity to potential 150 megawatts

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Shares of Riot Platforms (RIOT) jumped about 8% on Friday after Advanced Micro Devices (AMD) expanded its capacity at the Rockdale, Texas, campus, highlighting Riot’s continued pivot from Bitcoin mining to AI and high-performance computing. According to first quarter financial results, AMD exercised an option to double its contracted capacity to 50 megawatts (MW), with

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Tom Lee’s BitMine gets another 10,000 ether from the Ethereum Foundation

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The Ethereum Foundation sold an additional 10,000 ether (ETH) in an over-the-counter deal to Tom Lee’s BitMine (BMNR), continuing a string of treasury sales this year. In a post on X on Friday, the organization said it completed the sale at an average price of $2,292.15 per token, implying proceeds of approximately $22.9 million. The

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AIMCo realizes a paper gain of $69 million on its strategic bet

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Alberta Investment Management Corporation (AIMCo), according to its first quarter 13F filing, purchased 1,382,000 shares of Strategy (MSTR) for $172,473,600. This implies an average cost of around $125 per share. With MSTR having reached around $175, this position would now be valued at around $241 million, representing an unrealized gain of around $69 million. As

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Tether Posts $1.04 Billion Q1 Profit, Hits $8.23 Billion Reserve Cushion

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Tether, issuer of the largest stablecoin by market capitalization, said first-quarter net profit was $1.04 billion and excess reserves reached a record $8.23 billion. The company did not provide figures for the prior year or the fourth quarter. It reported net profit of more than $10 billion for all of 2025. The amount of USDT

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Schwab Affiliate Stops Customer Donations to Southern Poverty Law Center

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The donor-advised fund affiliated with Charles Schwab, DAFgiving360, has suspended the ability of account holders to donate money to the Southern Poverty Law Center, a civil rights group. Last week, the Justice Department indicted the group and accused it of financial crimes. Earlier this week, donor-advised funds that go by the names Fidelity and Vanguard

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