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David Sabo has been named CTO of CV Advisors. Sabo will be responsible for leading the firm’s technology strategy and driving the integration of artificial intelligence across CV Advisors’ platform. Prior to joining CV Advisors, Sabo most recently served as CTO and head of product, and growth at Tienda Pago, where he scaled the engineering division to support the firm’s expansion in lending and payment solutions.  Elizabeth Burton has been appointed as chief strategist at Fortress Investment Group. Burton will lead research and analysis on current market conditions and emerging opportunities and develop insightful and actionable content for existing and prospective investors. Burton, will be based in New York and…

A 66-year-old Hong Kong retiree lost 6.6 million Hong Kong dollars (roughly $840,000) in a string of three related crypto investment scams after repeatedly trusting self-proclaimed “virtual currency experts” who reached out via WhatsApp, according to Hong Kong police’s CyberDefender unit.In a March 20 Facebook post, police said the victim was first approached in September 2025 by a scammer who cold messaged, claiming to be a “virtual currency investment expert” and promising steady gains if the victim followed his advice. The retiree then transferred $180,000 and deposited crypto into a wallet the scammer controlled, only to watch him disappear, prompting the…

May NY world sugar #11 (SBK26) today is up +0.22 (+1.43%), and May London ICE white sugar #5 (SWK26) is down -1.70 (-0.38%).Sugar prices are mixed today, with NY sugar climbing to a fresh 5-month high.  Sugar prices fell back from their best levels today, with London sugar turning lower, amid strength in the dollar ($DXY). Don’t Miss a Day: From crude oil to coffee, sign up free for Barchart’s best-in-class commodity analysis.   Soaring gasoline prices are boosting ethanol prices and are bullish for sugar.  Gasoline (RBJ26) is up more than +2% today and posted a 3.5-year high on…

Amazon founder Jeff Bezos is reportedly exploring the launch of a $100 billion investment fund aimed at transforming legacy industrial businesses through the application of artificial intelligence and advanced automation.  According to the Wall Street Journal, the proposed vehicle is being structured as a “manufacturing transformation fund,” focused on acquiring undervalued, asset-heavy companies across sectors that have historically lagged in digital adoption. The strategy centers on deploying next-generation AI tools to unlock efficiency gains and modernize operations.  Target sectors include semiconductors, aerospace, defense and automotive manufacturing. Bezos has reportedly begun early discussions with sovereign wealth funds and large global asset managers, including meetings in the Middle East and…

BitFuFu’s 2025 results showed a sharp shift in its business mix, with cloud mining overtaking self-mining as the company’s main revenue driver.The Singapore-based Bitcoin (BTC) miner reported $475.8 million in revenue for 2025, up 2.7% from a year earlier.Its self-mining output fell to 611 BTC from 2,537 BTC in 2024, a drop of 76%, while its Bitcoin holdings edged up to 1,778 BTC from 1,720 BTC a year earlier.The company attributed the change to weaker Bitcoin earnings per terahash, higher mining difficulty and a reduced share of hashrate allocated to self-mining, as it leaned more heavily on cloud-mining products.BitFuFu said…

The S&P 500 Index ($SPX) (SPY) on Thursday closed down -0.27%, the Dow Jones Industrial Average ($DOWI) (DIA) closed down -0.44%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -0.29%.  March E-mini S&P futures (ESH26) fell -0.24%, and March E-mini Nasdaq futures (NQH26) fell -0.25%.Global stock and bond markets settled lower on Thursday on concerns that the world’s central banks will tighten monetary policy to keep inflation in check as energy prices soar amid an escalating war in Iran.  US stock indexes added to Wednesday’s sharp losses on Thursday, with the S&P 500, the Dow Jones Industrials, and the Nasdaq 100 falling to…

At Least One Rate Cut in 2026 Continues to Appear Probable But at least one rate cut this year continues to appear probable – even if such a cut may not necessarily appear justified. A recent poll of Bloomberg-panelled economists I participated on observed economists pushing back their expectations for the Federal Reserve’s next interest rate cut to June of this year from March, but still predict two quarter-point reductions by year-end. The expectation of many economists of further easing recognises the vocal preferences for lowered rates of the incoming Fed Chairman Kevin Warsh, the repeated demand of President Donald…

OP_NET said it is launching a “SlowFi” decentralized finance (DeFi) stack on Bitcoin that uses standard Bitcoin transactions and native BTC fees rather than bridges, wrapped assets or a separate gas token.According to a Thursday release shared with Cointelegraph, the project is part of a broader push to bring trading and yield-style activity directly onto Bitcoin’s base layer instead of routing it through sidechains, bridges or adjacent networks. OP_NET is betting some users will accept slower and more expensive transactions in exchange for staying fully on Bitcoin.According to OP_NET co-founder Frederic Fosco, who goes by Danny Plainview, applications run through…

The S&P 500 Index ($SPX) (SPY) on Wednesday closed down -1.36%, the Dow Jones Industrial Average ($DOWI) (DIA) closed down -1.63%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -1.43%.  March E-mini S&P futures (ESH26) fell -1.42%, and March E-mini Nasdaq futures (NQH26) fell -1.45%.Stocks sold off on Wednesday, with the Dow Jones Industrial Average falling to a 3.75-month low.  Stocks retreated on Wednesday after US Feb producer prices rose more than expected, a sign of sticky price pressures.  Stocks added to their losses today after WTI crude oil prices (CLJ26) whipsawed higher on signs of escalation of the Iran war after Iran…

The Federal Reserve left its benchmark rate unchanged at 3.50%–3.75%, extending its wait‑and‑see stance even as internal divisions over the 2026 path remain stark. Stephen Miran again broke with the majority, casting his fifth straight vote for a 25-basis-point cut.   Most policymakers still project at least one quarter‑point reduction this year, but seven of 19 see no cuts at all, while five are looking for 50 basis points or more in easing. The Fed’s latest projections keep the policy rate at 3.4% at the end of 2026, drifting to 3.1% in both 2027 and 2028, with a longer‑run estimate of…