Algorand has a new interim CEO as of Wednesday, following the departure of former CEO Steven Kokinos. Long-time employee W. Sean Ford — previously chief operating officer at the blockchain company — ...
Category: Finance
Live Finance News Updates.
Zcash Trades Around Its Long-term Support; Is It an End for ZEC?
Zcash was one of the most promising and rising stars of 2021, but all of a sudden, everything turned sour as this blockchain now violates several regulatory laws, which don’t allow room for private tr...
JetBlue to buy Spirit for $3.8 billion after monthslong fight for discounter
A JetBlue airliner lands past a Spirit Airlines jet on taxi way at Fort Lauderdale Hollywood International Airport on Monday, April 25, 2022. (Joe Cavaretta/Sun Sentinel/Tribune News Service via Getty...
PayPal veteran Jim Magats is named CEO of MX, the startup that connects banks and fintech players
Jim Magats, former PayPal executive who is being named CEO of the startup MX Photo: Tom Cook MX, the startup competing against Plaid to help connect financial institutions and fintech players, is nami...
With German Howitzers And German Radars, Ukraine Is Building A Machine For Blowing Up Russian Guns
German army photo The German government has given arms-maker Krauss-Maffei Wegmann GmbH & Co. the green light to manufacture a hundred PzH-2000 self-propelled howitzers for the Ukrainian army as p...
Paramount stock drops after bearish call by Goldman Sachs
Goldman Sachs weighed in with a skeptical view of Paramount Global Inc. Tuesday, writing that the current economic backdrop could complicate the media company’s streaming objectives. “We have not chan...
Hong Kong Invests $637 Million is the Information Technology Sector
It still remains a dream to millions of start-ups to be a ‘Unicorn’ or achieve such a status. A unicorn status is acclaimed by startups claiming the valuation of 1 Billion USD. The new article revolve...
14th Edition of BFSI IT Summit: India (Mumbai)
After successful 13 editions of BFSI IT Awards & Summit, Exito is all set to host another milestone event to enhance the experience of the latest insights in “Re-imagining BFSI-Culture, Strategy &...
Having women in the boardroom or C-suite drives diversity, study finds
shironosov | Getty Images If you want to take a good guess at a company’s gender diversity record, you might want to first look at who its CEO or board chair is, according to the findings of a n...
JetBlue Announces $3.8 Billion Deal For Spirit After Frontier Merger Fails To Take Off
Topline JetBlue Airways on Thursday announced plans to purchase Spirit Airlines—a day after Spirit’s anticipated merger with Frontier fell apart—in a deal that could create the country’s fifth-largest...
Tesla (TSLA) is Europe’s most-Googled stock, study finds
With the current sentiment swings in the markets, investors are looking for new opportunities to invest in, often times using the internet to perform their due diligence. Meanwhile, a UK-based financi...
Amid 200 Million USD Funding Immutable Lays Off 6% of its WorkForce
Immutable lays off 6% of its employees The firm is reengineering for the coming era James Ferguson committed to achieve headcount of 360 in five months CryptoWinters Sets Target on Immutable The torn...
Will MIOTA Record Positive Breakout Despite Consolidation?
IOTA is a distributed ledger, relatable to Ripple, distinguishing itself from a blockchain. The in-house token for this ledger is called MIOTA. The way IOTA presents itself is not in the role of an al...
Sebastian Vettel to retire from Formula 1 at the end of the 2022 season
The 35-year-old German, who spent six seasons with Ferrari after joining the Italian team in 2015, will see out the remainder of his final campaign with Aston Martin. Mario Renzi – Formula 1 | F...
China signals no big stimulus is coming, while Covid controls remain
A worker in a protective suit cleans the floor at a subway station, after the lockdown placed to curb the coronavirus disease (COVID-19) outbreak was lifted in Shanghai, China June 2, 2022. Aly Song ...
Nos 10-12, Trying To Crack Playoff Rotation
LAS VEGAS, NEVADA – JULY 15: MarJon Beauchamp #0 of Milwaukee Bucks poses during the 2022 NBA Rookie … [+] Portraits at UNLV on July 15, 2022 in Las Vegas, Nevada. NOTE TO USER: User expre...
U.S. Durable Goods Orders Soar 1.9% In June
Getty Images Key Takeaways U.S. durable goods orders increased 1.9% in June, driven by a huge 81% increase in military aircraft orders. Core durable goods orders, which removes transportation, governm...
US Officially in Recession as GDP Shrinks 0.9% – Trustnodes
The United States economy has contracted for the second quarter in a row according to the just released data by the Bureau of Economic Analysis. “Real gross domestic product (GDP) decreased at an annu...
EUR/USD forecast as US sinks to a recession and EU confidence slips
The EUR/USD price dropped sharply on Thursday after economic data from the US showed that the economy sunk to a recession in the second quarter. The pair dropped to a low of 1.0110, which was sharply ...
Shell Posts Record Quarterly Profit of $11.5 Billion. Exxon and Chevron Are Next.
Text size Shell also announced plans to buy back a further $6 billion of shares. Getty Images Shell , the United Kingdom–domiciled energy giant, posted record quarterly earnings Thursday a day before ...
Ripple CEO gives his opinion on lawsuit verdict 1
Ripple CEO Brad Garlinghouse has given his opinion on the potential verdict of the protracted lawsuit between his company and regulatory agency, SEC. The lawsuit has been on for about a year, with the...
Tether Fights Back – USDT Reserves Hold No Chinese Papers
Tethe stands strong against rumors regarding Chinese Commercial Paper Tether commits to reduce the Commercial paper count to zero Several countries seems to rundown in the race to introduce stablecoin...
Coinbase Confirms Support for the New KNC
Coinbase has announced to list a new KNC on Coinbase Retail, Pro, and Prime on August 01, 2022, at 12 pm PT. The decision was taken after Kyber Network worked closely with Coinbase on a comprehensive ...
Schumer-Manchin reconciliation bill: Climate change provisions
Senator Joe Manchin (D-WV) exits the U.S. Capitol following a vote, on Capitol Hill in Washington, February 9, 2022. Tom Brenner | Reuters Senate Majority Leader Chuck Schumer, D-N.Y., and Sen. Joe Ma...
GDP fell 0.9% in the second quarter, the second straight decline and a strong recession signal
The U.S. economy contracted for the second straight quarter from April to June, hitting a widely accepted rule of thumb for a recession, the Bureau of Economic Analysis reported Thursday. Gross domest...
JPMorgan hires scientist Charles Lim to head quantum computing unit
Dr. Charles Lim, Global Head of Quantum Communications and Cryptography, JP Morgan Chase Courtesy: JP Morgan Chase JPMorgan Chase has hired a Singapore-based quantum computing expert to be the bank...
New Oil Power Guyana On Pace To Surpass U.S. Offshore By 2035
Morning above Guyana highlighted in red on model of planet Earth in space. 3D illustration. Elements … [+] of this image furnished by NASA. 3D model of planet created and rendered in Cheetah3D s...
Economy Shrank 0.9% Last Quarter As Experts Warn ‘Worse To Come’
Topline The U.S. economy unexpectedly shrank for a second quarter in a row this year, according to data released Wednesday, signaling the start of a technical recession even as economists predict sign...
Jack Ma to cede Ant Group control
After almost a full year of exceptional pressure from the Chinese regulators, billionaire Jack Ma is planning to give up control of Ant Group. This move comes in an effort to move away Ant from Alibab...
Is it a good buy ahead of earnings
Glencore (LON: GLEN) share price rose for four straight days even as recession risks rose and mining companies published weak results. The shares jumped to a high of 470p, which was the highest level ...