Breaking news

Chris Dixon, General Partner at Andreessen Horowitz, discusses cryptocurrency during the TechCrunch Disrupt forum in San Francisco, October 2, 2019.Kate Munsch | ReutersAndreessen Horowitz plans to plow billions of dollars into crypto start-ups while digital asset markets are in a rut.The Silicon Valley firm announced a new $4.5 billion fund for backing crypto and blockchain companies on Wednesday. It marks Andreessen's fourth fund for the asset class and brings its total raised for crypto and blockchain investments to…

Sam Bankman-Fried, CEO of cryptocurrency exchange FTX, at the Bitcoin 2021 conference in Miami, Florida, on June 5, 2021.Eva Marie Uzcategui | Bloomberg | Getty ImagesFTX has been on the hunt to buy brokerage start-ups as the crypto exchange expands into stocks, and its CEO takes a major stake in Robinhood.The Bahamas-based company has approached at least three privately held trading start-ups about an acquisition, according to sources familiar with those negotiations, who asked not to be named because the deal talks were…

The Deer & Co. John Deere 8R fully autonomous tractor is displayed ahead of the Consumer Electronics Show (CES) on January 4, 2022 in Las Vegas, Nevada.Patrick T. Fallon | AFP | Getty ImagesCheck out the companies making headlines in midday trading.Deere — The stock plummeted 11.4% after Deere reported a miss on revenue but a beat on profit in the recent quarter. The equipment maker reported earnings per share of $6.81 on revenues of $12.03 billion. Analysts expected $6.71 per share on $13.2 billion in revenue.Palo…

Twitter CEO Jack Dorsey addresses students during a town hall at the Indian Institute of Technology (IIT) in New Delhi, India, November 12, 2018.Anushree Fadnavis | ReutersBlock executives no longer want the firm to be seen as a payments pure play.The San Francisco-based company held its first investor day in five years Wednesday, where the C-suite made its case to Wall Street that the money app, along with its crypto and music-streaming businesses, should be valued as an "ecosystem" instead."Calling Block a payments…

Robinhood is handing over the keys to some of its customers' crypto.The trading and investing company announced Tuesday it will let users hold and custody their own cryptocurrencies and NFTs in a separate, stand-alone app. It's the latest move in the digital asset space for Robinhood as it reaches for growth beyond stock trading. The company shares are off more than 70% since its IPO.The new app will put Robinhood squarely in competition with Coinbase and start-ups like MetaMask. Coinbase CEO Brian Armstrong called his…

Sam Bankman-Fried, the CEO of crypto exchange FTX, has taken a 7.6% stake in Robinhood, according to a Thursday filing with the Securities and Exchange Commission.Shares of the investing company jumped 36% at one point in extended trading before pulling back. They were last up about 25%.In regular trading Thursday the stock hit an all-time low. Robinhood ended the session priced at $8.56, about 77% away from its IPO price last July.According to the document, Emergent Fidelity Technologies took a stake worth $648 million…

U.S. President Joe Biden delivers remarks during a Rose Garden event at the White House in Washington, May 9, 2022.Kevin Lamarque | ReutersPresident Joe Biden urged Congress on Monday to quickly approve a multibillion-dollar aid package for Ukraine before trying to pass a new round of Covid-19 funding, warning that U.S. aid for Ukraine's fighters has nearly been exhausted.Biden's new position marked a reversal from his prior insistence last month that the military aid and the pandemic funding be bundled together.…

Elon Musk is expected to serve as a temporary CEO of Twitter for a few months after he completes his $44 billion takeover of the social media company, sources told CNBC's David Faber.An SEC filing on Thursday revealed Musk secured approximately $7.14 billion in equity commitments from friends and other investors to buy Twitter. Faber said Musk handpicked the investors. Commitments range from $1 billion from Oracle co-founder Larry Ellison to $5 million from Honeycomb Asset Management, which invested in SpaceX. Faber added…