The Meta-led group has been in discussions with investment bankers They intend to sell the project’s intellectual property Meta CEO Mark Zuckerberg had high hopes for the cryptocurrency The Diem Assoc...
Category: Finance
Live Finance News Updates.
Supreme Court Justice Ruth Bader Ginsburg book nets $100,000 at auction
Supreme Court Justice Ruth Bader Ginsburg participates in a discussion during the Library of Congress National Book Festival at the Walter E. Washington Convention Center on Saturday, August 31, 2019....
Here’s what to consider before taking a pay cut
Drakula & Co. | Moment | Getty Images The pandemic has upended millions of American lives, and for many has made them reconsider priorities around work. That’s prompted many to quit jobs ami...
Michigan School Shooting Suspect To Pursue Insanity Defense
Topline Ethan Crumbley, a 15-year-old charged with killing four students and injuring seven others during a shooting rampage at at a Michigan high school in November, will pursue a defense of insanity...
The Reasons Why A War In Ukraine Will Make Inflation Worse
A Russian tank rolls during a military drills at Molkino training ground in the Krasnodar region, … [+] Russia, Tuesday, Dec. 14, 2021. (AP Photo) ASSOCIATED PRESS With Russia massing troops at ...
Apple Q1 earnings preview: what to expect?
The strength of its product pipeline and the ability to offset macro headwinds positions Apple Inc (NASDAQ: AAPL) well for a period of outperformance, says BofA Securities’ Wamsi Mohan, ahead of Q1 re...
Cryptocurrency Money Laundering Climbs 30% in 2021
Compared to 2020, the crypto-related activities of cybercriminals surged substantially in 2021. The fraudulent actors laundered more than $8.6 billion worth of cryptocurrency assets last year, which i...
Tesla is disappointing investors because it doesn’t have a $25,000 car: analyst
Tesla could be leaving a lot of money on the table over the next decade if it can’t get a $25,000 electric vehicle to market. “Expanding into lower price volume segments will be critical t...
AAVE price analysis: Cryptocurrency value upgrades to $147.54 after a sudden upturn
TL;DR Breakdown AAVE/USD value is now settled at $147.54. AAVE price analysis predicts uptrend. Support is stable at $129.61 mark. The latest AAVE price analysis is giving the lead to the buyers, as t...
WeTransfer cancels IPO due to stock market volatility
The WeTransfer logo on a smartphone. Gabby Jones | Bloomberg via Getty Images LONDON — The stock market has gotten a little too volatile for WeTransfer’s liking. The Dutch file-sharing company s...
LaMelo Ball Launches MB1 Esports Venture With One Up, Puma
(Image of LaMelo Ball courtesy MB1 Gaming) Reigning NBA Rookie of the Year LaMelo Ball has launched MB1 Gaming – a platform for esports tournaments, merchandise drops and content distribution – create...
Xilinx up 7% after announcing record third-quarter revenue
Xilinx (NASDAQ: XLNX) was up 3% after it announced it brought in $1.01 billion in the third quarter of the 2021 fiscal year. This revenue was more than the $956.8 million estimations. The company also...
Santander Rolls Out a ‘Buy Now, Pay Later’ Service to Compete with Fintech Rivals
On January 26, Santander, a popular Spanish bank, announced that it will launch its own ‘buy now, pay later’ (BNPL) service across its European markets as part of its efforts to boost revenue and figh...
Mina Protocol: A Technical Overview
January 27, 2022, 1:23PM EST • 12 min read Quick Take Mina protocol uses recursive zero-knowledge proofs to maintain a small blockchain size The current size of the entire Mina blockchain is 22kb, alt...
Dogecoin price analysis: DOGE recedes 6 percent but keeps $0.16 resistance in touch
TL;DR Breakdown Dogecoin price declined 6 percent on the day to move as low as $0.1395 The retracement could encourage buyers to break towards $0.16 resistance Trading volume fell more than 22 percent...
Project bridges Web 3.0 and Web 2.0 spurring on the creator economy
Bridging solutions enable users to take back their social identity from megacorporations PIP aims to address concerns by adding Web 3.0 functionality PIP exists as a layer of the internet on Web 3.0, ...
Kansas City Chiefs fans donate to Buffalo children’s hospital after win over Bills
Buffalo Bills quarterback Josh Allen (17) runs the ball during the AFC Divisional Round playoff game against the Kansas City Chiefs on January 23rd, 2022 at Arrowhead Stadium in Kansas City, Missouri....
McDonald’s, Blackstone, Netflix and others
Check out the companies making headlines before the bell: Comcast (CMCSA) – The NBCUniversal and CNBC parent earned an adjusted 77 cents per share for the fourth quarter, 4 cents above estimates, with...
Kanye West Says He’s Releasing His 11th Studio Album, ‘Donda 2,’ Next Month
Topline Ye, the artist formerly known as Kanye West, announced Thursday he plans to release a new album next month, a follow up to Donda, his most-recent work and a tribute to his late mother. Ye att...
GDP Surged But Americans Are Struggling With Inflation—Record 79% Say It Will Get Worse
Topline Despite solid economic growth, a record number of Americans predict higher inflation, according to a … [+] new Gallup poll. Joe Raedle/Getty Images Key Facts The U.S. economy grew 6.9% i...
Southwest Airlines CEO warns omicron could result in a Q1 loss
Southwest Airlines Co (NYSE: LUV) climbed 2.0% in the stock market on Thursday after turning its first adjusted quarterly profit since the start of the pandemic on solid demand for leisure travel. Not...
Walmart Startup Hazel Acquires Two Fintech Firms to Develop Finance Super App
On January 26, Walmart’s fintech venture firm, Hazel, announced that it is acquiring two financial technology companies as it aims to develop a financial services super app where consumers can manage ...
Apple to report earnings today, revealing its holiday sales amid chip shortage
Apple (AAPL) will report its Q1 earnings after the closing bell on Thursday, giving analysts and investors their first look at the tech giant’s sales through the prior holiday season. The report also ...
Why two ‘NFT nerds’ built LooksRare — and where they want to take it next
Quick Take LooksRare has very quickly taken a large portion of the NFT market in both trading volumes and protocol revenue. Yet this is largely due to the way it incentivizes traders to use the platfo...
Celo Launches a Stablecoin Pegged to Brazilian Real
TL;DR Breakdown Celo introduces cREAL as its third stablecoin, following from cUSD and cEUR. cREAL can be used to create CeFi and DeFi apps and services on the Celo blockchain. Brazilians are warming ...
Tesla stock drops 8% as investors digest new vehicle delays
Tesla CEO Elon Musk unveils the Cybertruck at the TeslaDesign Studio in Hawthorne, Calif. The cracked window glass occurred during a demonstration on the strength of the glass. Robert Hanashiro | USA ...
The manager of 2021’s top-performing hedge fund on his winning GameStop trade and lessons from it
(Click here to subscribe to the new Delivering Alpha newsletter.) On this day last year, investors watched in amazement as GameStop shares surged to a record high of $347.51. The stock had skyrocketed...