| Mobile Web

Search results for Wall Street

Crypto

XRP still not leading market, moves with traditional assets in crises

Academic research has again confirmed that cryptocurrencies, including XRP, rise and fall with traditional financial markets during crises. The study found crypto remains within the influence of the traditional financial system, with the tendency strengthening as global uncertainty increases. Using daily data from January 2018 to March 2026 across 70 financial time series, it concluded stocks, sovereign bond yields and credit default swaps lead market direction, while crypto largely reacts to external shocks.

AI & Enterprise

OpenAI-Microsoft partnership deal revised, OpenAI products can also be sold on AWS

OpenAI has signed a revised partnership agreement with Microsoft, securing the right to sell its products through cloud providers other than Microsoft, the Wall Street Journal reported on April 27. That could allow OpenAI models and services to be offered on platforms including Amazon Web Services. The revision removes a disputed AGI clause, changes revenue sharing through 2030 and ends Microsoft’s exclusive licence rights, though Microsoft can keep using OpenAI products until 2032.

AI & Enterprise

China regulators block Meta\'s acquisition of Manus, order deal termination

Chinese regulators have moved to block Meta\'s acquisition of AI agent startup Manus, with foreign media reporting authorities ordered the deal treated as if it never happened. An organisation under the National Development and Reform Commission said it would ban a foreign company from acquiring the Manus project under relevant laws, without naming Meta or giving reasons. Meta announced the deal in December, and the Wall Street Journal reported it was worth more than $2 billion.