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...
Category: Finance
Live Finance News Updates.
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 ...
Activision’s Microsoft Deal Discount Offers a ‘Call of Duty’ to Investors
In January, Microsoft (MSFT) announced its deal to acquire Activision Blizzard (ATVI) in an all-cash offer of $95. Six months later, with a yawning discount in ATVI’s stock price to Microsoft...
There’s More To Come In Instagram Feeds
Instagram users are complaining about unnecessary posts in feeds. This issue is likely to stay for a while now, in fact, it may increase. Mark Zuckerberg confirmed that the post recommendations are fr...
BNB Inches Closer to Its 100 EMA; Is $331 a Next Target?
BNB token is the key to the entire BNB network that now operates on its self-developed Binance Smart Chain to accommodate faster cryptocurrency transactions and improve the efficiency of its trading p...
BofA CEO says the strong American consumer is one of the Fed’s biggest obstacles
The American consumer is still strong despite roaring inflation, and that will pose a challenge to the Federal Reserve’s mission to tamp down inflation, Bank of America CEO Brian Moynihan told C...
Sono Motors’ Sion EV Is Covered In Solar Panels To Soak Up Free Power
The Sion’s matte exterior is nearly covered in solar cells. Sono Motors Since I write about EVs and such, I get this question very often: Why don’t electric cars have solar panels on the roof to...
‘Big Short’ investor M. Burry says SEC lacks the ‘IQ points’ to probe Coinbase
Michael Burry, the famous investor and founder of investment firm Scion Asset Management, best known for first predicting the 2008 housing market crash and for the “The Big Short” book and movie, rec...
Nervos Foundation Offers Grant to Encentive
The Nervos Foundation has announced that it has offered Encentive a grant to integrate its turn-key, multichain dApp building platform with Nervos Layer 2 Godwoken. Once integrated, it will extend the...
Jim Cramer advises investors to take a case-by-case approach to stocks
CNBC’s Jim Cramer on Wednesday said that investors should judge stocks individually rather than on fears of a looming recession, after the Federal Reserve indicated it could start taking a softe...
Walmart Is Testing ‘Cute’ Tiny Stores In Vacation Spots Far From Big Boxes
The nation’s largest retailer is exploring new ways to cater to travelers. Walmart Say you’re on vacation and forgot sunscreen. The last thing you want to do is trek through a sprawling supercen...
What will “Login with IOTA” mean for the future value of the token?
IOTA (MIOTA/USD) is a distributed ledger that utilizes proprietary technology known as “Tangle,” which is a system of nodes that confirms the transactions. The native cryptocurrency is utilized as a ...
Why the Fed’s latest rate hike sent stocks to the moon: Morning Brief
This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Thursday, July 28, 2022 Today’s newsletter i...
Japan Considers Opening Web3 Policy Office
Japan is considered among the most advanced nations across the globe. The Japanese Ministry of Economy, Trade and Industry (METI) is thinking about a Web3 Policy Office. They issued a report which inc...
CDC Warns Of Potentially Deadly Bacteria Found In U.S. Soil And Water For First Time
Topline A potentially deadly bacteria has been detected in soil and water samples in the U.S. for the first time, the Centers for Disease Control and Prevention (CDC) announced on Wednesday, warning t...
Hot Wings Summer—It’s Time To Step It Up With Chimi Wings
Who says that Chicken wings have to be flavored with Hot sauce? These wings are marinated in … [+] Chimichurri sauce and served with the same. Elizabeth Karmel It’s a Hot Wings Summer and that m...
These Guys Sell Insurance Against Bear Markets
You can buy protection for a stock or bond portfolio. It won’t be cost-free. Spring 2020. Paul Kim, a middle-aged father of three, with a house in the suburbs and a dependable job at a Midwester...
Ripple CEO claims SEC ‘massively overstepped’ and the law is ‘on our side’
The chief executive officer of Ripple has discussed his thoughts on the potential results U.S. Securities and Exchange Commission (SEC) complaint filed over the sale of XRP alleging it constituted an ...
These Companies Stand to Profit The Most From Interest Rate Hikes
The Fed raised rates in the U.S. multiple times in 2022, including this week’s 0.75% increase. Recent history shows that raising rates is nothing new; however, long-term analysis shows the histo...
Xochitl Gomez On Filming ‘Dr. Strange In The Multiverse Of Madness,’Disneyland, And More
LOS ANGELES, CALIFORNIA – JUNE 23: Xochitl Gomez attends Marvel Studios “Thor: Love and Thunder” Los … [+] Angeles Premiere at El Capitan Theatre on June 23, 2022 in Los Angele...
Amazon Is Expected to Post Slim Profit as It Manages Slower Demand
Amazon Inc. is expected on Thursday to report a modest quarterly profit on a meager rise in sales, as the tech-and-retail company continues to work through the overhang from its breakneck growth durin...