FedEx pilots ratify new contract, secure 40% pay hike (FDX:NYSE)

Bjoern Wylezich/iStock Editorial via Getty Images FedEx (FDX) pilots have ratified a new contract with management, ending five years of negotiations between the express delivery and logistics company and the union representing its 5K pilots. The new contract gives pilots a ~40% increase in their hourly pay and other Source…

U.K.’s FCA moves to allow mutual funds 10% exposure to crypto ETNs

The U.K.’s financial regulator, the Financial Conduct Authority (FCA), proposed allowing certain retail investment funds to hold up to 10% of their assets in cryptocurrency exchange-traded notes (ETNs). The financial regulator made the suggestion for UCITS (“Undertakings for Collective Investment in Transferable Securities”) schemes and some non-UCITS retail schemes (NURS)…

Trad.Fi, W3 target $650 million in onchain private credit using AI evaluation

Trad.Fi, which lends money to companies buying heavy equipment, said it is working with W3, a developer of AI agents for enterprises, to deploy $650 million in private credit onchain over the next 48 months. The program targets the heavily paper-based U.S. equipment distribution sector, focusing on manufacturing systems, industrial…

Has this FTSE 100 growth stock become too cheap to ignore?

Image source: Getty Images At one time, Croda (LSE: CRDA) was one of the FTSE 100’s standout growth stocks. The shares surged after Covid, helped by demand for lipid ingredients used in vaccines, driving a sharp spike in sales. Since those dizzying highs, however, the stock has fallen hard —…

A16z, Paradigm lead $175 million investment to move global credit markets onchain

Blockchain-based lending protocol Morpho said it raised $175 million in a funding round co-led by Paradigm, a16z crypto and Ribbit Capital, as investors bet that credit markets will increasingly move onchain. The round also included Apollo Funds, Circle Ventures, VanEck and Ledger Cathay, according to a post on the Morpho…

AAVE Drops 2.6% as all CoinDesk 20 constituents trade lower

CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 1708.48, down 1.4% (-23.82) since 4 p.m. ET on Monday. None of the 20 assets are trading higher. Leaders: ETH (-0.6%) and SUI (-0.6%).…

Cadence Design’s deal with Intel’s foundry is ‘incrementally positive’ for EDA firm: Stifel (CDNS:NASDAQ)

Mrinal Pal Cadence Design Systems’s (CDNS) announcement of an expanded deal with Intel Foundry (INTC) to accelerate Intel 14A process optimization is “incrementally positive” for the electronic design automation firm, Stifel said. Cadence shares rose 0.5% in premarket trading on Tuesday, while Intel shares Source link

Wall Street will run entirely on the blockchain by 2030, says Brickken CEO

The line between traditional finance (TradFi) and crypto is disappearing, with tokenization consistently a dominant narrative of the digital asset industry for a number of years. Edwin Mata, CEO and founder of tokenization platform Brickken, projects that Wall Street will run entirely on blockchain technology by 2030. Mata told CoinDesk…