US trade overhaul creates high-five moment for resale retailers

By Bloomberg Published April 6, 2025 ThredUp Inc. Chief Executive Officer James Reinhart gave a colleague a high five shortly after President Donald Trump’s overhaul of US trade policy earlier this week—a reaction very different from those of other consumer-company executives hammered by the announcement.  ThredUp CEO James Reinhart. – Nate Fong Photography The impetus…

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Massachusetts subpoenas Robinhood over sports prediction markets

Massachusetts’ securities regulator has reportedly launched a probe over Robinhood’s prediction markets offering that has allowed users to bet on the outcomes for a slew of events, including basketball tournaments.  Reuters reported on March 24 that Massachusetts Secretary Bill Galvin said his office subpoenaed Robinhood last week to get information on its marketing materials and…

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Ethena Labs exits German market following agreement with BaFin

Synthetic stablecoin developer Ethena Labs is winding down its German operations less than a month after regulators identified “deficiencies” in its dollar-pegged USDe (USDE) stablecoin, signaling heightened scrutiny around crypto assets in Europe’s largest economy. Ethena Labs reached an agreement with Germany’s Federal Financial Supervisory Authority, also known as BaFin, to cease all operations of…

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Gold-backed stablecoins will outcompete USD stablecoins — Max Keiser

Gold-backed stablecoins will outcompete US dollar-pegged alternatives worldwide due to gold’s inflation-hedging properties and minimum volatility, according to Bitcoin (BTC) maximalist Max Keiser. Keiser argued that gold is more trusted than the US dollar globally, and said governments of foreign nations with an adversarial relationship to the United States would not accept dollar-pegged stablecoins. The…

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New-look Rapids take aim at improving Dynamo

Apr 12, 2025; Commerce City, Colorado, USA;Colorado Rapids forward Rafael Navarro (9) celebrates his goal with forward Darren Yapi (77) and midfielder Cole Bassett (23) in the second half against San Diego FC at Dick’s Sporting Goods Park. Mandatory Credit: Ron Chenoy-Imagn Images The Colorado Rapids will look for their third road win of the…

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Guardians eye sweep of skidding, ailing White Sox

Apr 9, 2025; Cleveland, Ohio, USA; Cleveland Guardians catcher Austin Hedges (27) tags out Chicago White Sox right fielder Mike Tauchman (18) for the final out of the game in the ninth inning at Progressive Field. Mandatory Credit: David Richard-Imagn Images It’s been far from pretty, but the Cleveland Guardians are finding ways to win…

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