Cryptocurrencies surged on Wednesday after a softer-than-expected inflation report, with Ethereum leading the pack with a greater-than-7% gain. 

Ether’s native token, the second-largest cryptocurrency by market capitalization, rose around 8% to trade at $1,828 as of 10:17 a.m. in New York. Bitcoin added 3.5% to $23,950, and other altcoins like Polkadot and Avalanche also rallied, up 6% and 8%, respectively. An index of 100 of the largest digital assets was up 4.4%. 

US Defense Secretary Lloyd Austin reinforced a pledge that Washington and its allies will continue supplying military aid to Ukraine to help it repel Russia’s invasion “for as long as it takes.”

Ukrainian President Volodymyr Zelenskiy earlier vowed to “liberate” Crimea as speculation swirled about the cause of a major fire at an air base on the peninsula annexed by Russia in 2014. “This Russian war against Ukraine and against all of free Europe began with Crimea and must end with Crimea -- its liberation,” Zelenskiy said.

The expansion of confidential filings that big managers must file quarterly with the SEC would mark one of the biggest increases in regulation for the private-fund industry in a decade. The SEC says the Commodity Futures Trading Commission will also consider the changes in a joint bid by the watchdogs to get a grip on possible risks to the financial system.

For the second time this year, Elon Musk said he’s finished selling Tesla Inc. stock. Some investors and analysts closely monitoring his escalating drama with Twitter Inc. aren’t convinced.

Musk, Tesla’s chief executive officer, dumped another $6.9 billion worth of shares on Aug. 5, according to regulatory filings. Combined with his sales in April, when he launched his $44 billion bid to buy the social-media platform, he has raised about $15 billion in cash from reducing his stake in the electric carmaker, which makes up the bulk of his $250.2 billion fortune.

The US lender announced internally this week that Skarbek is leaving after about 28 years with the firm, according to the people, who asked not to be identified because the information is private. It

US Defense Secretary Lloyd Austin reinforced a pledge that Washington and its allies will continue supplying military aid to Ukraine to help it repel Russia’s invasion “for as long as it takes.”

Ukrainian President Volodymyr Zelenskiy earlier vowed to “liberate” Crimea as speculation swirled about the cause of a major fire at an air base on the peninsula annexed by Russia in 2014. “This Russian war against Ukraine and against all of free Europe began with Crimea and must end with Crimea -- its liberation,” Zelenskiy said.

More than 800,000 Americans suffer from life-threatening kidney failure. Paying for treatment of this condition costs the government more than $50 billion a year, and a recent Supreme Court decision risks driving the price tag even higher. Congress should take steps to promote innovation and competition in the dialysis industry — which would benefit patients and taxpayers alike.

Without dialysis or a kidney transplant, end-stage renal disease (ESRD) is fatal. As recently as the early 1970s, both procedures were too expensive for most Americans. In 1972, Congress passed a law that extended Medicare coverage to almost all ESRD patients, regardless of age. Since its creation, the program has grown from 10,000 beneficiaries to more than 600,000 today.

Evidence of the inflation pressure on Wendy’s was twofold. First, it showed up in US same-store sales, which rose just 2.3% in the quarter ended July 3, the company said in a

Spanish power is trading almost three times higher than the five-year seasonal average as Russian gas cuts push up fuel costs. As one of Europe’s sunniest nations, Spain is betting that greater solar generation will ease its dependence on volatile commodity markets while helping to clean up the energy mix.

An anti-activism exchange-traded fund of sorts has launched to supposedly “unshackle” energy companies from climate concerns that some investors have forced them to reckon with. 

The aim of the Strive US Energy ETF (ticker

For Louisiana Francois, who sank $10,000 into what prosecutors say was a Ponzi-like crypto scheme, driving four hours from her home outside Boston to watch the man who allegedly took her money appear in court was an easy call.

But she didn’t go to condemn him. She went to cheer him on.

Wildfires flared up again in southwestern France as the country endures a third heat wave and the worst drought on record.

Some 6,000 hectares of forest burned over the past day in the Gironde, a coastal region around Bordeaux, and about 5,800 people are being evacuated from their homes, according to local authorities.

Genesis, one of the largest cryptocurrency lenders and brokerages for institutional investors, said it originated more than $40 billion in new loans in the second quarter, a 9% drop from the previous three-month period. 

The company had $4.9 billion in active loans as of the end of June, and said it saw more than $17 billion in spot volume trading during the second quarter, according to a report released Wednesday. Institutional activity was “muted” during the stretch and in June in particular amid an onslaught of negative crypto-centric events, including the implosion or bankruptcies of different hedge funds and lenders. Meanwhile, it saw a 66% drop in active loans outstanding to $4.9 billion from $14.6 billion in the first quarter. 

There’s no relaxing on the beach this summer for corporate acquirers -- they’ve been busy snapping up technology companies, even after a stock rally over the past two months means the sector isn’t as cheap as it was back in June. 

Just look at

Africa’s most-populous nation showed more interest in cryptocurrencies than any other country since the digital assets began to decline in April, according to a study by price tracker CoinGecko.

Nigeria scored 371 in the study that looked at Google Trends data for six searches such as “buy crypto” or “invest in crypto” that were then combined to give each English-speaking nation a total search ranking. The West African country was followed by the United Arab Emirates and Singapore. 

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The new Galaxy Z Fold 4, which is about the size of a notepad and opens like one, and Z Flip 4, which is square when closed and opens out to regular smartphone size, come with a suite of incremental upgrades. This year’s Fold has a 45% more durable main display with minimized bezels, a slimmer hinge and upgraded cameras both on the back and under the display, Samsung said. Responding to user requests, the company upgraded the battery on the smaller Flip and added a larger max storage option of 512GB.

Profit for the year through March 2023 is forecast to reach 830 billion yen, the carmaker said in a