Jan Schwartz; Writing by Edward Taylor; Editing by Alexander Ratz and Kirsti Knolle

Markets

Volkswagen seeks savings of 10 billion euros: source

Volkswagen Group (VOWG_p.DE) is seeking cost savings of around 10 billion euros ($12.4 billion), a source told Reuters on Friday.

Latest Stories

XRP Rising in Japan: Could it Challenge the Dollar's Dominance?

The claim made by cryptocurrency pundit Jack Straw that XRP would eventually replace the US dollar in Japan has sparked discussion.

Protect Your Wallet: FBI Warns of Rising Elder Fraud Targeting Seniors

According to a recently released FBI report, Americans over 60 were the victims of so-called elder fraud crimes more often last year than any other year, accounting for an estimated $3.4 billion in total reported losses.

Is China's Central Bank Gold-Buying Spree A Precursor for War? Part I of II

Since 2009, China has more than doubled its gold reserves. In wartime, particularly in wars perpetrated in violation of international law, the resulting international sanctions can force an invader state to rely on its gold reserves. Thus if a country is preparing to go to war and incur sanctions, it will ensure it has an ample reserve of gold.

Milei's Radical Approach to Overhauling Argentina's Fiscal Deficit

Javier Milei, the libertarian president of Argentina, is intensifying his efforts to reduce the nation's large budget deficit by focusing more on "chainsaw" expenditure cutbacks and "blender" austerity measures that reduce buying power and, he believes, curb out-of-control inflation.

Ethereum Fights Back Against SEC Security Label

According to a court document filed on Monday, for over a year, the US Securities and Exchange Commission (SEC) has been looking into whether or not Ethereum could be considered a security.

Must Read

Ex-Binance CEO Jailed, Industry Faces Regulatory Heat

Former Binance CEO Changpeng Zhao, commonly known as CZ, expressed appreciation for the support from the crypto community following his sentencing to four months in U.S. prison for money laundering charges.

JPMorgan Predicts No Rate Cuts, Potentially Boosting Returns

JPMorgan Chase & Co. President Daniel Pinto suggested that the Federal Reserve might not cut interest rates at all this year due to persistently high inflation.

Should You Sell Your Bitcoin? Schiff Sounds Alarm on Crypto Winter

Through a series of tweets on the social media site X on Wednesday, economist and gold bug Peter Schiff shared his thoughts on bitcoin and the state of the US economy.

Bitcoin Investor Microstrategy Ups the Ante: Should You Invest in Crypto?

After the most recent acquisition, Microstrategy, "the world's first bitcoin development company" and a software intelligence company listed on the Nasdaq, said that it currently possesses 214,400 bitcoins.

Quantum Conundrum: Can Blockchains Find a User-Friendly Security Upgrade?

Johann Polecsak, co-founder of the QAN blockchain platform, contends that public blockchains like Bitcoin, Ethereum, and Solana are still unprepared to adopt post-quantum cryptography without having a major impact on users, even as the possibility of quantum computers breaking current cybersecurity standards grows.

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