The SEC has informed Coinbase that it plans to sue the company for allegedly violating a series of investor protection laws, the company said this week. An eventual SEC lawsuit against the largest US crypto exchange could help determine the future shape of exchanging dollars for digital tokens such as bitcoin, ether or polkadot. It … Read more
Electric vehicle manufacturer Rivian Automotive Inc. RIVN -0.66% is moving parts of its production engineering team to its Illinois plant as part of a reorganization aimed at speeding up production, according to a person familiar with the plan. The reorganization is expected to be announced shortly and will result in a significant portion of the … Read more
According to PitchBook LCD, no companies with an investment grade credit rating sold new bonds during the six business days of March 10 through March 17, the first week of March without another sale of high-quality bonds. The market for new junk bond sales has largely ground to a halt this month, with no companies … Read more
First Republic Bank FRC -3.36% paid family members of founder James Herbert millions of dollars for work at the lender in recent years, including for advisory services related to interest rates and risk, according to public disclosures the bank made as part of annual filings. The bank paid Mr. Herbert, who was CEO before taking … Read more
BNAI BRAK, Israel — Prime Minister Benjamin Netanyahu is advancing rapidly on a judicial review plan that could begin final consideration by parliament next week as debate over the legislation exposes deep rifts between Israel’s secular and religious communities. Over the past three months, protests against the legislation have mobilized hundreds of thousands of people … Read more
A wild Sweet 16 battle between Michigan State and Kansas State ended 92 in overtime as Wildcats guard Markquis Nowell took an inbound pass and turned to a crowd where NBA legend Isiah Thomas and former Spartans star Mateen Cleaves sat and said, “Look at this.” Nowell dribbled the ball up and went over the … Read more
Psychologist Susan Pinker investigates new discoveries in the science of human nature. Read previous columns here. One of the highlights of my pandemic work week was the zoom workout I did with a dozen fellow swimmers when we lost access to our pool. Most aspects of my life were turned upside down, but the 7:45 … Read more
Ford Motor Co.F -0.52% expects to lose about $3 billion this year on its electric vehicle business, a reminder of how far traditional automakers have to go to make their EV portfolio profitable. Ford announced the figure Thursday as it outlined a new financial reporting structure designed to help investors better understand the performance of … Read more
Treasury Secretary Janet Yellen Photo: Jose Luis Magana/Associated Press Treasury Secretary Janet Yellen hit back on her remarks from the day before on Thursday that reversed her comments from the day before about providing a de facto guarantee on all U.S. bank deposits. Who’s there first? The administration’s mixed signals pose a new threat to … Read more
A 16-month-old chatbot startup is now a $1 billion unicorn. Character.AI, a Silicon Valley company founded by two former Google employees, said Thursday it raised $150 million in a new round of funding led by well-known venture capital firm Andreessen Horowitz. The new investment values Character.AI at $1 billion. A company representative said that Character.AI … Read more