(Bloomberg) — China’s central bank unexpectedly cut its key interest rates as it ramps up support for an economy weighed by Covid lockdowns and a deepening property downturn. Most Read from Bloo...
Tag: Cut
Norwegian BTC Miner Moves Beyond the Arctic Circle to Cut Energy Costs (Report)
The Norwegian bitcoin mining company – Kryptovault AS – reportedly plans to move its operations north of the Arctic Circle. The relocation is prompted by the rising electricity costs in the country, w...
Sonos stock plunges after weak demand encourage forecast cut
Sonos (NASDAQ: SONO) shares dropped 15% after the leading audio-products manufacturer cut its full-year forecast for adjusted EBITDA and revenue. Sonos loses to analyst estimates Even though the comp...
Here’s why Cathie Wood believes the Fed will actually cut rates in 2023 — plus 3 stocks she likes right now to capitalize
‘The economy is very weak’: Here’s why Cathie Wood believes the Fed will actually cut rates in 2023 — plus 3 stocks she likes right now to capitalize In an effort to tame rampant inflation, the ...
Peloton reveals new measures to cut costs
Peloton Interactive Inc (NASDAQ: PTON) is up 15% on Friday after the connected fitness company made a string of announcements that reiterated its commitment to “profitability”. Peloton is cutting jobs...
Infura and Circle Cut Off Tornado Cash Following Sanctions
The U.S. government has been targeting crypto entities that they claim can enable bad actors to transact outside of the financial system, crypto exchange Tornado Cash was the latest addition. The Ethe...
Visa and MasterCard cut off payment services to PornHub
Visa and MasterCard, the world’s leading payment networks, have decided to deprive Pornhub of their services for finalizing purchases on the platform. Visa and MasterCard suspend payment gateways for...
Holding ADA in your portfolio but don’t want to cut losses? Read this
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Cardano’s [ADA] recent reversal from the $0.546 ceiling saw...
Elizabeth Warren Wants To Cut Ties Between Crypto And Wall Street
U.S. Senator Elizabeth Warren continues her anti-crypto stance with another effort to reduce the Wall Street foray into the crypto market. Elizabeth Warren, a member of the Senate Banking Committee, u...
Target hit with ‘drastic’ cut from Jefferies for 4 reasons
Target stock could stay in the penalty box as the retailer aggressively sells slow-moving inventory and industry discounting picks up amid the economic slowdown, Jefferies analyst Stephanie Wissink wa...
Expenses: How To Cut Them, Boost Retirement Savings
Why don’t you save more for retirement? Because you can’t afford to, right? But what if you could ax a big chunk of your expenses and funnel the difference into retirement savings? X Leadi...
CoinFLEX says it has laid off staffers to cut costs by 50-60%
Crypto exchange CoinFLEX has let go of a “significant” portion of its team in an attempt to cut operating costs as it seeks a full recovery since halting withdrawals last month. The firm ...
This strategist said hold on to stocks at the June lows. Now he says it’s time to cut exposure.
July has been a sensational month for stocks — the S&P 500 SPX, +1.42%, Nasdaq Composite COMP, +1.88%, even the beleaguered small-caps in the Russell 2000 RUT, +0.65%, are each on track for their ...
Russian Forces In Kherson ‘Virtually Cut Off’ As Ukraine Counter-Attacks To Take Key City, U.K. Says
Topline Russian troops occupying the city of Kherson have been “virtually cut off” from the main invading force, the U.K. defense ministry said on Thursday in its daily intelligence update, as Ukraine...
The Fed will cut rates next year, says BofA. Here’s what will happen to Treasurys.
All eyes will be on the Federal Reserve on Wednesday. The central bank is widely expected to continue the fast pace of monetary tightening with another 75 basis-point hike in borrowing costs. But even...
F45 Training Shares Plunge On FY22 Guidance Cut, CEO Transition, Workforce Reduction
Motley Fool Is Nikola Stock a Buy Now? Nikola (NASDAQ: NKLA) has taken investors on a wild ride over the past two years. The electric truck maker went public by merging with a special purpose acquisit...
Shopify Will Cut 10% of Its Staff, With Most Workers Gone by Day’s End
(Bloomberg) — Canadian e-commerce firm Shopify Inc. will cut about 10% of its workforce Tuesday, as Chief Executive Officer Tobi Lutke acknowledged the company’s decision to expand rapidly comin...
Uniswap’s Proposed ‘Fee Switch’ Would Cut Into Liquidity Provider Payouts
The proposed fee switch could see only 0.25% of revenue going to liquidity providers, instead of the current 0.3% Uniswap delegates are determining where to test the protocol change Decentralized cryp...
U.S. Senators Plan To Cut Expenses For Crypto Transactions
U.S.-based crypto think tank Coin Center celebrated the introduction of the Virtual Currency Tax Fairness Act of 2022 in the Senate which is aimed at improving the daily use of crypto assets. Filed by...
U.S. Senators Propose Bill to Cut Taxes on $50 Crypto Payments
Key Takeaways Senators Patrick Toomey and Kyrsten Sinema have introduced a new bill to the U.S. Senate to exclude small crypto transactions from capital gains tax requirements. The bill would apply to...
Walmart Tumbles as Discounts Spur New Cut to Profit Forecast
(Bloomberg) — Walmart Inc. cut its profit outlook again in a surprise warning weeks ahead of its earnings report, sending retailer shares tumbling and raising new questions about US consumers’ a...
Verizon Heads Toward Biggest Loss Since 2008 After Outlook Cut
(Bloomberg) — Verizon Communications Inc. shares careened toward their biggest drop in 14 years after the mobile-phone company cut its forecast for the second straight quarter, adding to concern...
Verizon Stock Falls Sharply on Cut to Earnings Guidance
Text size Verizon said wireless revenue growth for the year will be between 8.5% to 9.5%, lower than previous guidance. David Paul Morris/Bloomberg Verizon Communications posted second-quarter earning...
Polygon Launches New Scaling Solution to Further Cut Costs on Ethereum
Web3 infrastructure provider Polygon today announced the launch of Polygon zkEVM (zero-knowledge Ethereum Virtual Machine), which is said to be the “first” Ethereum-compatible scaling solu...
James Harden Returning To 76ers—And Taking A Big Pay Cut (Willingly)
Topline Former NBA most valuable player James Harden has agreed to a two-year deal to return to the Philadelphia 76ers, according to multiple reports, with the star guard–who is one of the world...
Ford Plans to Cut Several Thousand Salaried Jobs
Ford Motor Co. is planning to cut several thousand white-collar workers as it looks to trim costs to position the company for a long-range transition to electric vehicles, according to people familiar...
Lido Finance to Cut Fees, Increase Speeds With Ethereum Layer-2 Integrations
Fees on Ethereum are low today, but Lido Finance wants to keep them low tomorrow. The so-called liquid staking service has announced that it will begin expanding into various layer-2 scaling solution...
All Jobs Businesses Cut in Pandemic Are Back, but Not Where They Were Lost
Private-sector payrolls exceeded prepandemic levels in June, taking just over two years to close a 21 million job gap that was created in the spring of 2020 and reshaping the labor market in the proce...