“It was a real bar-bar, like we knew from the ’70s and ’80s.”
Category: business
The facelifted Range Rover Sport SV has been spied with a new rear end featuring a center-mounted dual exhaust system.
Donald Trump Jr. took a brutal swipe at No King’s protests and those who participated in them.
Listen to the Facebook (META) Q3 2025 earnings call here
GM blames EV challenges for 1,700 employee layoff in Michigan and Ohio
China’s state-owned COFCO bought three U. S. soybean cargoes this week, two trade sources said, the country’s first purchases from this year’s U. S. harvest ahead of this week’s summit of leaders Donald Trump and Xi Jinping. COFCO purchased about 180, 000 metric tons of soybeans for December and January shipment through Pacific Northwest port terminals, the sources said. COFCO did not immediately respond to a Reuters request for comment. Benchmark Chicago soybean futures prices jumped this week to their highest in 15 months, rebounding from recent five-year lows on hopes for a U. S.-China trade deal.
Utah Mammoth signed forward Logan Cooley on an eight-year, $80 million contract on Wednesday, after being eligible to sign since July 1.
The acquisition from Saudi Arabia PIF and others has caused EA to pause its investor relations events.
The Australian Securities and Investments Commission has clarified how existing financial laws apply to digital assets. The update aims to give investors more protection and provide firms with clearer rules ahead of future law reforms. Digital assets meet tradfi in London at the fmls25The clarification follows earlier proposals for full licensing and stronger consumer protections for crypto firms in Australia. Stablecoins, Tokens Classified as Financial ProductsASIC’s new guidance confirms that stablecoins, wrapped tokens, tokenised securities, and digital asset wallets are considered financial products under current law. This means that many providers offering these products will need to hold a financial services licence. ASIC Commissioner Alan Kirkland said that distributed ledger technology and tokenisation are changing global finance. He added that ASIC’s guidance gives firms the clarity they need to operate within existing laws. He explained that licensing ensures consumers receive legal protections and enables ASIC to take action when poor practices cause harm. To help firms adjust, ASIC has introduced a sector-wide no-action position that will last until 30 June 2026. During this period, the regulator will not take enforcement action against unlicensed providers making genuine efforts to comply. Public Feedback Open on Draft ReliefASIC also plans to provide temporary relief for distributors of stablecoins and wrapped tokens, and for custodians of digital assets that qualify as financial products. The regulator is seeking public feedback on these draft relief measures until 12 November 2025. No-Action Position Considered for Past BehaviourIn addition, ASIC released a summary of industry feedback from Consultation Paper 381, which focused on digital asset financial products and services. The feedback helped shape the current guidance, including the examples and relief measures now proposed. ASIC said it will consider the no-action position when assessing past behaviour but will continue to act against serious misconduct or practices that cause significant consumer harm. This article was written by Tareq Sikder at www. financemagnates. com.
The ax is falling on Amazon corporate offices. The Seattle-based retail giant confirmed it will cut approximately 14, 000 corporate jobs, and employees will begin receiving layoff notices starting Tuesday, Amazon announced. It’s unclear how many of those jobs will be lost in Washington state. Puget Sound Business Journal reporter Nick Pasion, who covers big tech, says the Amazon workers he’s talked to report that their managers are being tight-lipped, but “They are feeling a palpable sense of fear within the company, just concerned that they might be impacted. Some of their friends might be impacted.” And that’s not a baseless.