In late March, Ripple announced a splashy expansion into Brazil. The company that issues XRP (CRYPTO: XRP) has brought its custody services, established stablecoin partnerships, and even plans to apply for a central bank license. Six weeks later, on April 30, Brazil's central bank published a resolution banning fintechs and payment businesses from using stablecoins or other cryptocurrencies to set...
In late March, Ripple announced a splashy expansion into Brazil. The company that issues XRP (CRYPTO: XRP) has brought its custody services, established stablecoin partnerships, and even plans to apply for a central bank license. Six weeks later, on April 30, Brazil's central bank published a resolution banning fintechs and payment businesses from using stablecoins or other cryptocurrencies to settle overseas remittances through its regulated electronic foreign exchange (eFX) system. The ban takes effect Oct. 1. On the surface, this looks like a gut punch for Ripple, and by extension, for XRP, too. It's worth understanding the context of what actually happened here before rushing to sell the coin, so let's take a closer look. Image source: Getty Images. Continue reading
Japan has long grappled with what to do about hikikomori – the social hermits who seal themselves off from the world, sometimes for years, retreating from all human contact. In the past, these recluses were thought of as a youth problem: troubled teenagers, rudderless young men. But that framing no longer holds. Japan’s shut-ins are growing old, and the parents keeping them alive are growing older...
Japan has long grappled with what to do about hikikomori – the social hermits who seal themselves off from the world, sometimes for years, retreating from all human contact. In the past, these recluses were thought of as a youth problem: troubled teenagers, rudderless young men. But that framing no longer holds. Japan’s shut-ins are growing old, and the parents keeping them alive are growing older still. The average hikikomori is now 36.9 years old, according to the Asahi newspaper, citing a...
Indian banks have been unable to import gold and silver for five weeks, an unusually long halt that’s pushing up domestic prices and threatening shortages in the world’s second-biggest bullion market. Shipments have been stuck at customs since the start of the financial year on April 1, ensnared by administrative bottlenecks and a lack of clarity over taxes, traders with direct knowledge of the ma...
Indian banks have been unable to import gold and silver for five weeks, an unusually long halt that’s pushing up domestic prices and threatening shortages in the world’s second-biggest bullion market. Shipments have been stuck at customs since the start of the financial year on April 1, ensnared by administrative bottlenecks and a lack of clarity over taxes, traders with direct knowledge of the matter said. Lenders in India are no stranger to occasional hiccups in importing precious metals, but the current delays are risking a shortage in the local market. Jewelers are seeking to restock following the Akshaya Tritiya festival, an auspicious time to buy gold and silver. “The duration of the import halt is unusual,” said Sunil Kashyap, managing director at trader FinMet Pte Ltd. The situation is getting tighter,” he added, as jewelers look to buy after the festival to take advantage of a drop in international prices. International gold prices have fallen by around 12% since the end of February as the energy shock from the war in Iran spurred inflation and raised the risk of rate hikes, a negative for bullion as it doesn’t offer any interest. India imports most of its gold, and banks, along with trading houses and refineries, dominate purchases. Lenders were unable to buy in the first half of April due to India’s trade ministry delaying the publication of its annual list of banks eligible to import precious metals. Since the list was issued on April 17, purchases haven’t been possible as the customs authority has yet to issue its own separate clearance order, which port and airport officials require before releasing incoming consignments. Banks are also still seeking clarity on whether gold and silver will be exempted from the integrated goods and services tax, said traders, who asked not to be named discussing sensitive information. The metals had been exempt but it’s unclear whether that will continue, they said. India’s department of financial services and customs d...
Stocks looked set to extend their record-breaking run on Wednesday after chip maker Advanced Micro Devices posted strong first-quarter earnings and President Donald Trump signaled there had been progress in peace talks between the U.S. and Iran. S&P 500 futures added 0.3%, and contracts tied to the tech-heavy Nasdaq 100 jumped 0.7%. The S&P 500 and Nasdaq both closed at all-time highs on Tuesday a...
Stocks looked set to extend their record-breaking run on Wednesday after chip maker Advanced Micro Devices posted strong first-quarter earnings and President Donald Trump signaled there had been progress in peace talks between the U.S. and Iran. S&P 500 futures added 0.3%, and contracts tied to the tech-heavy Nasdaq 100 jumped 0.7%. The S&P 500 and Nasdaq both closed at all-time highs on Tuesday as chip stocks racked up sizable gains, and AMD’s rock-solid results could extend the rally.
Life Time Group Holdings ( LTH ) announced its plan to buy 2.19M shares of its common stock for $28.60 each, totaling $62.71M, from certain existing stockholders, including affiliates of Leonard Green & Partners, TPG Inc., and Partners Group (USA) Inc. This transaction is called the share repurchase. In addition, the selling stockholders will sell 8.77M shares of the company’s common stock to an a...
Life Time Group Holdings ( LTH ) announced its plan to buy 2.19M shares of its common stock for $28.60 each, totaling $62.71M, from certain existing stockholders, including affiliates of Leonard Green & Partners, TPG Inc., and Partners Group (USA) Inc. This transaction is called the share repurchase. In addition, the selling stockholders will sell 8.77M shares of the company’s common stock to an affiliate of Atairos Group for $28.60 per share, amounting to $250.82M. This transaction is referred to as the investor purchase, making the total number of shares sold by the selling stockholders to 10.96M. The investor purchase will be settled in two parts, with the second part expected to close after certain conditions are met, including compliance with the Hart-Scott-Rodino Antitrust Improvements Act. After these transactions, Leonard Green & Partners, TPG Inc., and Partners Group (USA) will hold approximately 8.5%, 6.1%, and 1.3% of the company's common stock, respectively. The share repurchase will be funded using cash that the company currently has. This action is part of a stock repurchase program approved by the board of directors in February 2026. More on Life Time Group Life Time Group Holdings, Inc. (LTH) Q1 2026 Earnings Call Transcript Life Time Group Holdings, Inc. 2026 Q1 - Results - Earnings Call Presentation Life Time Group: A Bulwark In A Choppy Consumer Economy Life Time targets $400M sale-leasebacks and 10%-12% revenue growth as it guides to 28% adjusted EBITDA margin midpoint Life Time beats top-line and bottom-line estimates; updates FY26 outlook
PARIS, May 06, 2026--TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE), in collaboration with Dell Technologies and NVIDIA, announces the signing of a contract for the design and installation of Pangea 5, its next high-performance supercomputer. Hosted at the Jean Féger Scientific and Technical Center (CSTJF) in Pau, in the South of France, Pangea 5 will multiply the Company’s computing power by six....
PARIS, May 06, 2026--TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE), in collaboration with Dell Technologies and NVIDIA, announces the signing of a contract for the design and installation of Pangea 5, its next high-performance supercomputer. Hosted at the Jean Féger Scientific and Technical Center (CSTJF) in Pau, in the South of France, Pangea 5 will multiply the Company’s computing power by six. It represents an investment of over 100 million euros.