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Circle lands $100 million from Binance to ramp up global USDC expansion
Source: CNBC
Original reporting
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CNBC
Iran reportedly says it can reopen Strait of Hormuz within 7 days if U.S. eases military pressure
The reports raised hopes of renewed U.S.-Iran diplomacy, with U.S. stock futures mixed and oil prices lower.
CNBC
U.S. strikes Greenland deal for 'permanent control over security,' will send forces to Danish dogsled outpost and reopen Cold War base: Report
Trump said the agreement with Greenland and Denmark would give the U.S. "permanent control over security" in the Danish island territory.
CNBC
10-year Treasury yield slips further below 5% as traders await Fed comments
U.S. Treasury yields eased on Tuesday as investors awaited new clues on the state of the U.S. economy.
CNBC
September surge or October offload? Jobs experts weigh in on this fall’s hiring trends
The "September surge" might boost hiring this fall, but the Fed rate hike could slow down the job market. Here's what experts say to do.
The Guardian
Oil falls below $100 a barrel on reports Iran ‘makes strait of Hormuz offer’; UK government borrowing paints ‘dismal picture’ – business live
The rising cost of servicing the UK national debt pushed up borrowing last month, while oil is dropping, and M G holds Bond Vigilantes Forum in London How much ‘headroom’ might John Healey still have to keep within the government’s fiscal rules? That’s the question dogging Westminster and the City. “The chancellor has probably lost about half the headroom he inherited, leaving it between £10bn to £15bn. As long as the headroom is in double figures, he will probably be able to avoid topping it up, but the drop in headroom means any additional day-to-day spending, such as on defence or cost of living, will have to be paid for by higher taxes. “What’s more, if the recent rise in energy prices is sustained through the next few months, household energy bills could rise by another 25% in January, which would take them above the level that the previous government capped them at. That would only
The Guardian
High-mileage electric cars are more reliable than petrol ones, study finds
EVs with 90,000 to 120,000 miles on the clock are more likely to pass MOTs than petrol models of the same age Motorists buying a secondhand car with a lot of miles on the clock are likely to find an electric vehicle (EV) ultimately more reliable than a petrol vehicle, according to a study. An analysis of 47.4m MOT tests found that after cars were driven 90,000 to 120,000 miles, EVs were about 25% less likely to fail than petrol models of the same age (based on a failure rate of 16.5% versus 22.1%). Continue reading...