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Tag: Cut
Tiger Woods misses cut at what could be his last British Open
Tiger Woods of the U.S. reacts on the 18th during the second round of the 150th Open Championship – Old Course, St Andrews, Scotland, Britain, July 15, 2022. Paul Childs | Reuters After two diff...
Bitcoin Price Could Fall to $13,000 as Crypto Miners Cut Costs
Text size Miners appear to be using less electricity to produce cryptocurrencies. Mark Felix/AFP via Getty Images Bitcoin miners have come under pressure from a one-two punch of rising energy costs an...
Supply Increases For The First Time Since 2019 As Mortgage Rates Rise And Sellers Cut Prices
Topline After a pandemic-era home-buying frenzy, the number of homes for sale nationwide saw its first annual increase since July 2019 last month, according to real estate brokerage Redfin, which join...
Polygon Makes the Cut for Disney’s 2022 Accelerator Program
Polygon has made it into Disney’s 2022 Accelerator Program as the only blockchain company selected. While it is certainly a win for the platform, it could also rub off on the entire crypto industry. T...
Klarna valuation cut to $6.7 billion in $800 million fundraise
Klarna, the Swedish fintech company, has raised $800 million in common equity at a $6.7 billion post-money valuation, the company announced on Monday. The backing comes from existing investors such a...
KuCoin Refutes Job Cut Rumours, Disclosing to Hire amid Crypto Winter
KuCoin, a global crypto exchange headquartered in Seychelles, has refuted rumours that it intends to lay off employees. Currently, more than 3,500 employees have been affected by massive job cuts in t...
Home builders cut prices and slow construction as buyers pull back, survey shows
Home builders are feeling jittery. That’s according to a June survey of home builder sentiment by John Burns Real Estate Consulting. Demand for new homes is cooling as buyers cancel orders, and builde...
The world’s largest asset manager just cut its outlook for the stock market
BlackRock (BLK) has downgraded its outlook for stocks amid increasing economic uncertainty and persistent inflation. Strategists at BlackRock’s Investment Institute said Monday the firm cut its exposu...
GE Stock Gets a Big Cut but Investors Shrug It Off
Text size GE wind turbines. Sebastien Salom-Gomis/AFP via Getty Images The stock market is said to be forward looking. That seems to be the case headed into second-quarter-earnings season. Stocks are ...
US diplomats call on Japan’s crypto exchanges to cut ties to Russia: Report
Officials representing the United States government have reportedly urged Japan’s licensed cryptocurrency exchanges to stop doing business with Russia, seemingly as part of the country’s economic sanc...
Compass Mining to Cut Salaries, Spending and 15% Staff
Compass Mining said that it is cutting salaries, spending and 15% of its team. The Bitcoin mining company also stated that pay cuts were up to 50% for senior employees and the executive team. “W...
How inflation affects 2023 tax brackets: You may get an unexpected ‘tax cut’
As you probably know, the federal income tax rate brackets, and many other federal tax parameters, are indexed for inflation using a factor based on the monthly average of changes in the chained Consu...
Binance Becomes First Exchange to Cut Bitcoin Trading Fees
Share this article Binance will remove fees on its Bitcoin-to-fiat trading pairs on Jul. 8. Binance Waves Goodbye to Bitcoin Fees Binance customers will soon be able to buy Bitcoin without paying exc...
Bullish.com becomes the latest crypto exchange to cut jobs
Bullish, a crypto exchange serving institutional clients, has joined rivals in making layoffs as the market struggles with an ongoing period of weakness. Fewer than 30 staff members have lost their jo...
Crypto Winter Makes Celsius To Cut Its Workforce By 25%
Current downtrends in crypto prices have forced many digital asset service providers to reduce their staff to survive in a time when low trading volumes have reduced revenue. Despite the market curren...
Tether to Cut Commercial Paper Holdings to Less Than $4 Billion
Tether, the firm behind the number one stablecoin, USDT, announced that it would reduce its commercial paper holdings to $3.5 billion by the end of this month. The issuer announced that $5 billion of ...
Abra becomes latest crypto firm to cut jobs
Abra, a crypto trading and lending platform, slashed a dozen jobs this week, two sources familiar with the matter told The Block. When contacted, Abra CEO Bill Barhydt confirmed the layoffs to The Blo...
JPMorgan Sees ‘Stratospheric’ $380 Oil on Worst-Case Russian Cut
(Bloomberg) — Global oil prices could reach a “stratospheric” $380 a barrel if US and European penalties prompt Russia to inflict retaliatory crude-output cuts, JPMorgan Chase & Co. analysts...
Hong Kong’s OSL becomes the latest crypto exchange to cut jobs
OSL, a licensed crypto exchange based in Hong Kong, has become the latest crypto exchange to cut jobs — joining rivals including Coinbase, Gemini and BitMEX. The company has trimmed between 40 and 60 ...
Huobi Crypto Expected To Cut Down 30% Of Its Staff Due To Drop In Revenue
Most crypto product and service companies have seen huge revenue drop with the recent trend of events. In addition, the persisting bear market has dealt a devastating blow to several operational activ...
UK plans to cut pipelines to EU if Russia gas crisis intensifies
The UK will cut off gas supplies to mainland Europe if it is hit by severe shortages under an emergency plan that energy companies warn risks exacerbating a crisis on the continent. With European coun...
Novartis Will Cut 8,000 Jobs Under CEO’s Shake-Up Plan
Text size Vasant Narasimhan, CEO of Novartis. ERIC PIERMONT/AFP/Getty Images Pharmaceutical giant Novartis said Tuesday it will lay off more than 7% of its workforce, just a few months after CEO Vas N...
Australian Crypto Firm Banxa to Cut Staff by 30% Citing ‘Another Crypto Winter’
Banxa, a crypto payments operator, announced that it would lay off 30% of its staff to reduce operating costs amid the ongoing bear market. “Banxa must take decisive actions to reduce costs now,...
Amazon stock falls again after price target cut by 20% at UBS
Shares of Amazon.com Inc. AMZN, -5.14% slumped 4.8% in afternoon trading Tuesday, adding to Monday’s 2.8% drop, after UBS analyst Lloyd Walmsley cut his stock price target to $167 from $209, cit...
Huobi Global Could Cut Over 30% Workforce as China Crackdown Leads to Fall in Revenue
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Tencent Leads China Tech Losses as Major Backer Plans to Cut Its Stake
(Bloomberg) — Chinese technology stocks fell as a plan by Tencent Holdings Ltd.’s major backer to further cut its stake in the company fueled concerns more investors may look to take profits fol...
Tesla, Rivian and Nio stock price targets cut on supply chain troubles, Shanghai shutdowns
Mizuho analyst Vijay Rakesh became little less bullish on electric vehicle makers Tesla Inc. TSLA, -0.32%, Rivian Automotive Inc. RIVN, -3.59% and China-based NIO Inc. NIO, -4.69% on Monday, citing th...
Nvidia Stock Gets a Price Target Cut. Russia and China Will Hurt Sales.
Text size Nvidia has said that Covid-19 lockdowns in China, plus the suspension of sales in Russia, will reduce its second-quarter revenue by $500 million. Justin Sullivan/Getty Images Shares of Nvidi...