Circle Internet Group has raised $222 million in the presale of Arc, the native token of its new blockchain, as the company looks to expand beyond its core business of issuing the USDC stablecoin, CNBC has learned. The raise gives Arc a fully diluted network valuation of $3 billion. “[Blockchain] infrastructure is becoming as important as…
Check out what’s clicking on FoxBusiness.com. An Indiana-based company is voluntarily recalling one of its dog food products due to potential salmonella contamination. Albright’s Raw Pet Food of Fort Wayne is recalling one lot of its Chicken Recipe for Dogs Complete and Balanced product after routine sampling by the Food and Drug Administration found one…
The White House on Monday released a list of 16 top executives invited to join President Trump on his trip to China this week. The president is set to depart Tuesday for Beijing for a series of meetings expected to last through Friday that will likely touch on issues like increasing AI communication and managing…
Check out what’s clicking on FoxBusiness.com. Passengers aboard Disney Cruise Line’s Disney Adventure say their four-night Singapore sailing was canceled after boarding due to technical issues, leaving families waiting hours for answers before being sent to hotels late at night. Guests had already embarked on the May 7 voyage when the ship’s captain reportedly told…
The effective closure of the Strait of Hormuz has severely disrupted global supplies of energy and petrochemicals. Source link
The roster of business leaders invited to join President Donald Trump on his trip to China this week left off one notable, and surprising, name: Nvidia Corp. Chief Executive Officer Jensen Huang. Source link
Byron Allen, the comedian turned entrepreneur, is buying a controlling stake in BuzzFeed, the digital media company that pioneered virality on the internet. Allen Family Digital, a company associated with Mr. Allen, will pay $120 million for a 52 percent stake in BuzzFeed, the companies said on Monday. Mr. Allen will become chief executive and…
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Williams College Museum of Art staffing update Williamstown— Williams College Museum of Art (WCMA) has appointed Devon Nowlin as Deputy Director for Operations and Art Services. Devon Nowlin. Courtesy WCMA. Nowlin came to Williams College in 2023 as the museum project manager of the new WCMA building, currently under construction and scheduled to open in…
Microsoft (MSFT) CEO Satya Nadella took the stand in US District Court in Oakland, Calif., on Monday as part of Elon Musk’s ongoing lawsuit against OpenAI (OPAI.PVT). Nadella testified about his relationship with Musk, Microsoft’s work with OpenAI, and questions about how the companies’ tie-up has benefited Microsoft. The CEO also responded to questions about…
