News

NEW YORK (Reuters) -Oil prices edged higher on Thursday and hovered near one-month highs on concerns about global supply, but new U.S. tariffs and their expected effect on the world's economy limited gains. Brent crude futures rose 9 cents, or 0.1%, to $73.88 a barrel by 11 a.m. EDT (1500 GMT). On Wednesday, oil prices rose about 1% to their highest since February.

Circle’s USDC stablecoin has reached a new all-time high, surpassing $60 billion in market capitalization.

Hyperliquid has delisted JELLYJELLY perpetual futures after detecting suspicious market activity that caused significant losses.

Fidelity Investments is in the final stages of testing its own U.S. dollar-pegged stablecoin as part of its growing interest in blockchain-based financial products.

(Bloomberg) -- Some investors are betting the good times are only beginning for emerging markets as worries over the US economy boost the allure of the long-suffering asset class. Most Read from BloombergThey Built a Secret Apartment in a Mall. Now the Mall Is Dying.Why Did the Government Declare War on My Adorable Tiny Truck?How SUVs Are Making Traffic WorseTrump Slashed International Aid. Geneva Is Feeling the Impact.These US Bridges Face High Risk of Catastrophic Ship StrikesFueling the shift

SYDNEY (Reuters) -Global stocks fell on Thursday, led by heavy losses in Japan and South Korea, after U.S. President Donald Trump announced new tariffs on auto imports, with European stock futures also pointing to a lower open. Trump late on Wednesday announced plans for long-promised 25% tariffs on automotive imports. Analysts expect the move to hit European, Japanese and South Korean companies at most.

The hugely anticipated next-gen version of Nintendo's handheld console is expected to be released ahead of this year's holiday shopping season.