Author: admin

Tyson Foods has added $100m to its group operating profit outlook for the year but expects losses from beef to be steeper than initially anticipated. The US-based meat giant now expects adjusted operating profit in a range of $2.2bn to $2.4bn, up from its original forecast of $2.1-2.3bn. “Strong” chicken sales in the second quarter of Tyson Foods’ 2026 fiscal year have led to the upgrade, with an additional $200m slapped onto the adjusted operating income outlook for that segment to $1.9-2.05bn. Beef suffered again in the quarter to 28 March as cattle supply shortages continue, with volumes down 13.1%…

Coinbase is set to slashing its workforce by roughly 14%, or 660 employees in response to negative market conditions and AI challenges.CEO Brian Armstrong announced the cuts in an X post on Tuesday, citing the “two forces” that converged in his firm’s decision to slash staff.Coinbase has more than 4,700 employees, according to its website, so 14% would be equivalent to around 660.”While we’ve managed through that cyclicality many times before and come out stronger on the other side, we’re currently in a down market and need to adjust our cost structure now so that we emerge from this period…

HSBC Holdings on Tuesday said it’s made a big push into digital assets, including a tokenized gold product that’s already seen $1 billion in value traded, as the bank’s stock slumped on unexpectedly high provisions.

Miami, Florida, May 4th, 2026, Chainwire For decades, the DeLorean has meant something to people. It’s a car, yes, but more than that, it’s a symbol. Of the future. Of rebellion. It’s the degen car, with the gullwing doors, embedded forever in pop culture. But more than that, it represents the idea that something ordinary could become extraordinary. That meaning has always belonged to the culture, not to any single owner.  Today, it’s not too far from reality. DeLorean Labs, the official Web3 arm of the DeLorean Motor Company, is bridging its native token $DMC to Solana, with support from…

As artificial intelligence continues to expand at an unprecedented pace, computing power has become one of the most valuable resources in the digital economy. OpenGPU Network introduces a next-generation platform that allows users to transform their personal computers into active nodes of a global computing network — and earn rewards by contributing GPU power. OpenGPU Network is a distributed GPU-powered platform that runs directly on your computer. After installing the application, your GPU connects to the network and begins processing real computational workloads, including AI-related tasks and data processing operations. In return, participants receive rewards based on their hardware performance…

Bitmine owns more than 4.29% of the total ETH coin supply of 120.7 million Bitmine is 86% of the way to the ‘Alchemy of 5%’ in just 10 months Crypto Spring has commenced and like past cycles, investor sentiment and conviction are muted and bearish even as crypto prices strengthen Ethereum continues to benefit from the dual tailwinds of Wall Street tokenizing on the blockchain and from agentic AI systems increasingly needing public and neutral blockchains Bitmine uplisted to the New York Stock Exchange (“NYSE”) from the NYSE American effective as of April 9, 2026 Bitmine has 4,362,757 staked ETH,…

New Energy Risk, a firm specialises in technology performance insurance, has received Lloyd’s coverholder approval for its tax credit insurance operations. The application was backed by OAK Global, which will underwrite the business through Syndicate 2843, OAK Reinsurance, under its Transition TCX class. The appointment was granted through NER’s parent, Paragon Insurance Group. It allows NER to underwrite and bind insurance on behalf of Lloyd’s syndicates. It also increases the capacity supporting NER’s tax credit insurance products, which are designed around the availability, transferability and monetisation of tax credits and are used in funding clean energy projects in the US.…

Investors appeared skeptical Sunday after President Donald Trump said the U.S. will work to “free” neutral shipping that’s been stranded in the Persian Gulf since the start of the war with Iran.

The 11 U.S.-listed spot bitcoin BTC$79,854.07 exchange-traded funds (ETFs) have now recorded two consecutive months of net inflows in a sign of renewed institutional appetite for the leading cryptocurrency.But zoom out, and the recovery looks more modest than the monthly headlines suggest.ETFs have pulled in a total of $3.29 billion in investor funds over the past two months, according to data source SoSoValue. May began on a positive note, with ETFs registering a net inflow of $629 million on Friday.That has lifted the cumulative net inflows since the launch in January 2024 to $58.72 billion, which is still shy of…

“I do better than many citizens because I’ve contributed at the highest level.”