California farmers must destroy 420,000 peach trees after Del Monte closes its canneries and cancels more than $550 million in long-term contracts

For many warm-weather fruit lovers, the prospect of endlessly ripe, rosy peaches is a mouth-watering prospect. For farmers in central California, it’s more of a waking nightmare. To stay afloat, these farmers are now weighing whether to destroy about 3,000 acres, or about 420,000 peach trees, following the closure of the Del Monte Food Cannery…

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Coinbase (COIN) news: weak crypto markets cause Q1 earnings miss

Coinbase (COIN) shares fell more than 5% in after-hours trading Thursday after the cryptocurrency platform reported weaker-than-expected first-quarter results as falling cryptocurrency prices dampened trading activity in one of the company’s main sources of revenue. The company reported a loss of $1.49 per share, while analysts expected a profit of $0.27 per share. Revenue was…

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Stablecoin news: AI agents and large corporates will lead the next stablecoin boom

Large companies looking to modernize payments and artificial intelligence agents conducting autonomous transactions are emerging as the two biggest growth drivers for stablecoins, executives from Bridge and Deus X Capital said Thursday at the Consensus 2026 conference in Miami. Lindsey Einhaus is responsible for the strategy and operations of stablecoin infrastructure company Bridge, which was…

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Stablecoin news: AI agents and large corporates will lead the next stablecoin boom

Large companies looking to modernize payments and artificial intelligence agents conducting autonomous transactions are emerging as the two biggest growth drivers for stablecoins, executives from Bridge and Deus X Capital said Thursday at the Consensus 2026 conference in Miami. Lindsey Einhaus is responsible for the strategy and operations of stablecoin infrastructure company Bridge, which was…

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Zelenskiy says Russian war commemoration ceasefire shows ‘strange logic’

May 7 (Reuters) – Ukraine’s President Volodymyr Zelensky said on Thursday that Russia’s announcement of a limited ceasefire to commemorate World War II exposed its leader’s “bizarre and inappropriate” logic. In a nightly video address in the final hours before Russia’s ceasefire comes into force at midnight (2100 GMT), Zelensky said Moscow wanted to “hold…

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Judge rules Trump administration’s cancellation of humanities grants was unconstitutional

A federal judge in New York ruled Thursday that the Trump administration’s cancellation of more than $100 million in humanities funding to scholars, authors, research groups and other organizations was unconstitutional and that the Department of Government Effectiveness did not have the authority to terminate funding. U.S. District Judge Colleen McMahon in Manhattan sided with…

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