On Monday, Crypto.com’s Cronos (CRO) slide followed suit with a sharp drop after the crypto exchange said it was reducing some staking and rewards tied to its popular pre-paid Visa cards. According t...
Tag: Cut
Terra’s Largest DeFi Platform Just Cut Yield Rates, Here’s Why:
Anchor Protocol, the largest DeFi platform on Terra, recently reduced its annual yield rates in a bid to improve the platform’s sustainability. The move comes after users approved a proposal in March ...
Europe Leads Bid To Cut Russian Oil Dependence By Lowering Speeds
lowering speed limits could significantly reduce dependence on imported oil and lower emissions and … [+] road crash deaths and injuries, according to the European Transport Safety Council. Gett...
BofA Strategists Cut S&P 500 Projection
The S&P 500 has dropped 13% so far this year, and many experts are turning more bearish toward stocks. Bank of America strategists led by Savita Subramanian list some of the unanticipated negative...
Amazon looks to cut costs after first loss in seven years sends stock careening lower
Amazon.com Inc. reported a loss of nearly $4 billion in the first quarter of 2022 as inflationary pressures added costs, and executives expect to make changes to cut some expenses. Amazon AMZN, +4.65%...
Pelosi and Schumer Discuss Legislative Moves to Cut Gasoline Prices and Tackle Inflation
(Bloomberg) — House Speaker Nancy Pelosi and Senate Majority Leader Chuck Schumer met to discuss possible legislation to reduce gasoline prices, according to a Democratic aide, as inflation pose...
Mexican Remittances Are the Continent’s Largest; Crypto Companies Want a Cut
In November Bitso also partnered with Circle, a peer-to-peer payments company, to launch a new international wire transfer product called Bitso Shift. It’s designed for small businesses and freelancer...
Roblox Price Target Cut at Morgan Stanley
By Sam Boughedda Investing.com — Roblox Corp (NYSE:RBLX) stock is down Wednesday after Morgan Stanley slashed its price target on the stock to $32 from $65, keeping an Equal Weight rating on the...
Russia to Cut Gas to Poland, Bulgaria Until Pay Demands Met
(Bloomberg) — Russia halted gas flows to Poland and Bulgaria in a major escalation, and said it will keep supplies switched off until the two countries agree to Moscow’s demands to pay for the f...
Russia Threatens To Cut Off Gas To Poland After Country Declines To Pay In Rubles
Topline Russian energy giant Gazprom told Poland’s main natural gas supplier PGNiG it will stop all gas flows to the country on Wednesday, the company said Tuesday, a month after Poland and many other...
PayPal has been cut in half by Wall Street, but ‘uncertainty’ still looms as earnings approach
After losing more than half its value so far this year, PayPal Holdings Inc. still faces ‘uncertainty’ from Wall Street. PayPal PYPL, +2.03% was an investor darling in the early days of the COVID-19 c...
The Beanstalk Of The Algo Stablecoin Network Has Been Dramatically Cut Due To Such A Governing Takeover
Beanstalk protocol upgrades were supported via the Beanstalk Improvement Proposal (BIP) governance process, and as a result, an upgrade might run arbitrary code, allowing the attacker to collect their...
Shopify Stock Gets a Price Target Cut. But There Are Reasons to Be Bullish.
Tech stocks got rocked on Wednesday, with the tech-heavy Nasdaq falling 1.4% after two straight days of gains — hurt by a shock-and-awe earnings miss at tech bellwether Netflix, which reported i...
People should cut energy use to stop Ukraine war
Virgin Group founder Richard Branson on Wednesday called on individuals and governments to cap their driving speeds and turn down their heating in a bid to reduce reliance on Russian energy and bring ...
Cut Your Retirement Spending Now, Says Creator of the 4% Rule
For decades, retirees have relied on the 4% rule to determine how much was safe to spend in retirement. Now, the rule’s inventor says current market conditions may require an even more conservative ap...
Elon Musk threatens to cut Twitter board members’ salaries to $0 as his takeover bid morphs into a referendum on the company
When Tesla CEO Elon Musk revealed he had made a nearly $3 billion investment in Twitter on April 4, not many would have anticipated the soap opera that was about to begin. In a matter of weeks, Musk w...
Bank RRR Cut Anticipation Lifts Markets
China Last Night KraneShares Key News Asian equities had a mixed night, as China, Hong Kong, and Japan outperformed. At the same time, India, the Philippines, and Thailand got an early start to the lo...
Some Indian Payment Processors Cut Off Local Crypto Exchanges
In April 2018, the Reserve Bank of India (RBI) effectively banned banks through a notification from supporting or engaging in crypto transactions until the Supreme Court overturned the restriction two...
Tether to Cut Its Commercial Paper Holdings
Alex Dovbnya Tether intends to further reduce the share of commercial paper in the reserves that back its USDT stablecoin Tether, the issuer of the largest centralized stablecoin of the same name, pla...
China inflation makes it harder for PBOC to cut interest rates US Fed
Transportation fuel prices rose by 24.1% in China in March 2022 from a year ago, the largest increase within the country’s consumer price index. Vcg | Visual China Group | Getty Images BEIJING —...
AT&T Cut Its Dividend With the Spinoff. Why It’s Still Generous.
Text size AT&T’s dividend commitment will total around $8 billion annually. Dreamstime AT&T has officially spun off its media business, with Warner Bros. Discovery trading on its own for the f...
AT&T Boss Sees Room to Raise Prices, Cut Costs After Media Exit
AT&T Inc. Chief Executive Officer John Stankey says inflation could prompt the wireless and broadband company to raise prices for some core services while it continues to cut costs after getting o...
Russia Pivots to Shield Economy With Surprise Jumbo Rate Cut
(Bloomberg) — Russia’s central bank unexpectedly slashed its key interest rate in a sign of confidence that the worst of the financial turmoil triggered by the invasion of Ukraine is past. Most ...
Adult stars turn to crypto after banks cut them off
As traditional financial institutions continue to clamp down on the adult industry, cryptocurrencies are gradually becoming the go-to payment method for sex workers. With this, crypto shows the import...
Nielsen Reports Most Americans ‘Overwhelmed’ By Streaming Choices; Virtually None Plan To Cut Back
Oscar Isaac stars in Marvel Studios’ “Moon Knight” for Disney+, presently the most popular show … [+] streaming. FilmMagic In a highly revealing report from Nielsen’s Gracenote...
Consumers squeezed by inflation plan to cut back if prices keep surging
Edwin Lopez sorts the money in the cash register at Frankie’s Pizza on January 12, 2022 in Miami, Florida. Joe Raedle | Getty Images As inflation continues to weigh on American households, peo...
Nvidia, AMD, Intel Price Targets Are Cut. This Analyst Sees Chip Demand Slowing.
Text size Dreamstime Semiconductor stocks have soared over the last few quarters, driven higher by robust demand for chips amid a global supply shortage. But the tide may be turning for semiconductor ...