Taobao and Alipay have launched platforms to allow usage of the Digital yuan. The “digital yuan services” bundle will be launched sequentially in the coming weeks and months. Alipay and WeChat pay c...
Category: Finance
Live Finance News Updates.
Oryen Network is likely to outshine TRON and USDD soon
As TRON and USSD struggle to stabilize their prices, ORY is generating 3X greater gains for investors in its presale. TRON (TRX) and USDD A decentralized, open-source network called TRON aims to give ...
FTX and Alameda Executives Exchanged Sensitive Information in ‘Wirefraud’ Chat Group Prior to Collapse: Report
The executives at the now-collapsed crypto exchange FTX and its trading arm Alameda Research are reportedly exchanging secret information using a Signal chat group called “Wirefraud.” A new report fro...
Fed raises interest rates half a point
The Federal Reserve on Wednesday raised its benchmark interest rate to the highest level in 15 years, indicating that the fight against inflation is not over despite some promising signs lately. Keepi...
Argentina’s World Cup Breakout Star Set For 2023 Transfer
LUSAIL CITY, QATAR – DECEMBER 09: Lionel Messi and Enzo Fernandez of Argentina celebrate to fans … [+] following the FIFA World Cup Qatar 2022 quarter final match between Netherlands and A...
The Fed projects raising rates as high as 5.1% before ending inflation battle
Federal Reserve Bank Board Chairman Jerome Powell answers reporters’ questions during a news conference following a meeting of the Federal Open Market Committee (FMOC) on November 02, 2022 in Wa...
Cubs Have Been Painted Into Corner On Swanson Negotiations
ATLANTA, GEORGIA – OCTOBER 11: Dansby Swanson #7 of the Atlanta Braves reacts after a hit against … [+] the Philadelphia Phillies during the ninth inning in game one of the National League...
U.S. Fed lifts rates by 50 basis points
The U.S. Federal Reserve just delivered its well-telegraphed 50 basis points increase in interest rates – a day after the consumer prices were reported to have eased further to 7.1% in November. That ...
Fed rate hike pushes business loans over 10% for first time since 2007
With the Federal Reserve’s latest rate hike adding half a percentage point to the cost of debt capital and reaching its highest level in 15 years, the majority of small business loans will hit t...
FTX’s new CEO John J. Ray making $1,300 an hour
John J. Ray, chief executive officer of FTX Cryptocurrency Derivatives Exchange, arrives to a House Financial Services Committee hearing investigating the collapse of FTX in Washington, DC, on Tuesday...
Global Covid Death Toll May Be Nearly Three Times Higher—15 Million—Than Official Records, WHO Says
Topline The Covid-19 pandemic may have claimed nearly 15 million around the world in 2020 and 2021, according to World Health Organization estimates published in Nature on Wednesday, almost three time...
Fed Raises Rates Another 50 Basis Points—Signals More Hikes To Come Next Year
Topline The Federal Reserve on Wednesday eased up on its most aggressive economic tightening campaign in three decades, raising interest rates by 50 basis points (after four consecutive three-quarter ...
Adam Driver Stars In A New Dinosaur Movie From The Makers Of ‘A Quiet Place’ And Sam Raimi
Finally a dinosaur movie that isn’t Jurassic Park! Credit: Sony Pictures What a pleasant surprise. 65 looks absolutely bonkers despite the not-great film title. The number refers to the 65 milli...
Here’s how health insurance is helping to cool inflation
Natalia Gdovskaia | Moment | Getty Images In an environment of high inflation, health insurance costs are doing the opposite: They’ve begun to deflate, and are poised to continue dropping each m...
Carlos Correa Signs $350 Million Contract With Giants—2nd Biggest In MLB History And Latest Massive Signing This Year
Topline The San Francisco Giants signed free agent shortstop Carlos Correa to a 13-year $350 million contract, the second biggest free-agent contract in MLB history, and just the latest massive long-t...
Legal fight escalates around ‘collusion’ between Bankman-Fried and Bahamian government
A federal bankruptcy judge will hear evidence about the potentially criminal movement of assets out of FTX and its affiliated companies, in what is the latest escalation of a heated legal struggle bet...
VIDEO: What is happening with Binance? On-chain analysis with Sandra Leow of Nansen
Binance has seen an enormous flood of withdrawals this week, as fear has spread about the health of the exchange in the aftermath of the FTX collapse. This stems from concern about its proof-of-reserv...
The Way of Water heads for $175 million box office opening
Set more than a decade after the events of the first film, “Avatar: The Way of Water” tells the story of the Sully family. Disney It’s been more than a decade since James CameronR...
Boom Supersonic Says It Doesn’t Need The Usual Gang Of Subsonic Engine Makers
Boom Supersonic CEO Blake Scholl introduces new engine at Piedmont Triad International Airport in … [+] Greensboro. Ted Reed Let’s just say upfront that most people in aviation don’t think Boom ...
This 529 plan myth is making college more expensive for families
Kevin Dodge | The Image Bank | Getty Images SEATTLE — For many families, paying for college is a financial burden, and experts say education-funding myths may be adding to the student loan debt crisis...
TUI Shares Slump 8% Despite Return To Profit. Here’s What The Analysts Say
Photo: Alex Kraus/Bloomberg © 2021 Bloomberg Finance LP The TUI share price sank on Wednesday following the release of full-year trading numbers. Closing at 135.5p per share it was down 8% on the prev...
Jim Cramer’s Investing Club meeting Wednesday: Fed decision, Qualcomm
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Wednesday’s key moments. Don’t trade on Fed...
Tesla Cofounder Aims To Rev Up U.S. EV Battery Market With $3.5 Billion South Carolina Plant
Redwood Materials is building a $3.5 billion near Charleston, South Carolina, as new battery plants are being built across the Southeast. getty Redwood Materials, the battery recycling and components ...
Top 10 Most Active Stocks Of 2022
| Getty Images Key Takeaways Tesla had a profitable year, but the stock price has been hurt by CEO Elon Musk’s purchase of Twitter. Meta stock has been on a steep decline as revenue has fallen and spe...
Harry and Meghan becomes Netflix’s biggest-ever documentary debut
Netflix’s series about Prince Harry and Meghan has become the streaming giant’s biggest documentary debut yet. Daniel Leal | Afp | Getty Images Netflix’s documentary series about Bri...
SoFi Technologies, Charter Communications, Delta and more
Delta Airlines Embraer ERJ 170-200 flying above Los Angeles International Airport on Oct. 2, 2022 in Los Angeles, California. AaronP/Bauer-Griffin | Gc Images | Getty Images Check out the companies ma...
The 7 Food Gifts That Everyone Will Love
There’s nothing sweeter this time of year, than an edible gift. Food gifts are the perfect choice for friends and family who already have everything they want or need. And, this selection of food gift...
Twitter Suspends Account Tracking Elon Musk’s Private Jet
Topline Twitter suspended the account tracking the whereabouts of the private jet belonging to its billionaire CEO and owner Elon Musk on Wednesday—just a month after Musk promised the account was saf...
The Destruction Of Religious Sites By Russian Forces In Ukraine
On February 24, 2022, Putin unleashed an attack on Ukraine without any provocation and without any credible justification. Subsequent months have seen evidence suggesting that Russian troops are perpe...
Whether Lionel Messi Wins The World Cup Or Not, His Legacy Is Unblemished
LUSAIL CITY, QATAR – DECEMBER 13: Lionel Messi of Argentina celebrates the team’s 3-0 victory in … [+] the FIFA World Cup Qatar 2022 semi final match between Argentina and Croatia at...