The Norwegian government is reviewing a proposal to abolish the policy of preferential tax treatment for data centers mining cryptocurrency with cheaper electricity. The executive power in Oslo says c...
Tag: Cut
The Greed And Geopolitics Of The OPEC+ Oil Production Cut
Delegates during a news conference following the 33rd meeting of the Organization of Petroleum … [+] Exporting Countries (OPEC) and non-OPEC countries in Vienna, Austria, on Wednesday, Oct. 5, 2...
Investors Must Avoid These Levels To Cut Losses
Investors, who are keeping a close eye on Bitcoin Cash and want to avoid losses, should steer clear of these crucial price points. As of this writing, Bitcoin is still showing a little bit of bullishn...
Japan Tax Cut on Offshore Cash Seen as Option to Support Yen
(Bloomberg) — A tax cut on capital shifted back to Japan from overseas subsidiaries may help stem the yen’s rapid depreciation, some economists say. Most Read from Bloomberg Reducing the tax app...
Here’s What Goldman to UBS Say About Oil After Big OPEC+ Cut
(Bloomberg) — The OPEC+ alliance agreed to its biggest production cut since the start of the pandemic in Vienna on Wednesday, a move that drew a swift rebuke from the US and prompted Goldman Sac...
Oil Prices Slip Despite Prospect of Major Supply Cut
Oil prices fell slightly in early trading after two sessions of strong gains, ahead of an OPEC+ meeting on Wednesday when the oil group and its allies are expected to debate the biggest reduction in o...
Supreme Court Vague Over Whether To Cut Voting Rights Act — But Ketanji Brown Jackson Made It Clear She Was Opposed
Topline The conservative-leaning Supreme Court gave few clues Tuesday whether they would soon deal a blow to the Voting Rights Act and its protections against racially discriminatory congressional map...
OPEC+ Production Cut Poses New Threat to Biden as Election Nears
(Bloomberg) — Amid what would become a 98-day streak of declines, President Joe Biden was quick to take credit in August over one of his most serious political foes: high gasoline prices. Most R...
UPS’ Risks Building Into 2023 Prompt 32% Price Target Cut By This Analyst
American City Business Journals Sinclair sued by EEOC for racial discrimination Sinclair Broadcast Group Inc. is being sued by the U.S. Equal Employment Opportunity Commission for the second time in a...
Oil prices jump on reports OPEC+ will cut production
Oil prices jumped on Monday following reports that the OPEC+ cartel is planning a large production cut. Price action West Texas Intermediate crude CLX22, +4.20% for November delivery rose $3.20, or 4%...
Oil Jumps as OPEC+ Mulls Biggest Production Cut Since Pandemic
(Bloomberg) — Oil surged in early Asian trading after delegates said OPEC+ was considering cutting output by more than 1 million barrels a day when the group meets this week to stem a slide in p...
SoftBank Vision Fund to Cut 30% of Global Workforce
According to Bloomberg reports, the investment department of the Vision Fund under the Japanese multinational company SoftBank Group is preparing to lay off 30% of its global employees, a total of abo...
Portland Trail Blazers Cut Jersey Patch Partner Deal With Staking Firm StormX
Amidst CeFi chaos, it’s been a relatively quiet year for Seattle-based staking platform, StormX. Despite signing a multi-year deal jersey patch sponsorship with the NBA’s Portland Trail Blazers last y...
Terra Classic (LUNC) To See Extreme Boost In Number Of Projects, As Terra Rebels To Cut Off Dependency On TFL
– Advertisement – Terra Classic to attain technological parity with LUNA v2 sooner than previously expected. Terra Classic core developer Edward Kim in a medium blog post released on Thu...
JPMorgan, Morgan Stanley Cut Alibaba Target on Revenue Concerns
(Bloomberg) — JPMorgan Chase & Co. and Morgan Stanley analysts cut their price target for Alibaba Group Holding Ltd., turning more pessimistic on the Chinese e-commerce giant on sales concer...
Polygon (MATIC) Held By A String, Will Bears Cut The Rope?
MATIC price trades below 50 and 200 EMA on the daily timeframe despite showing some relief strength. MATIC rally caught short as BTC price continued to range. The price of MATIC must hold $0.72 suppo...
NFT sale now possible on iOS devices; community divided over Apple’s 30% cut
NFTs can now be sold on iOS applications. The 30% fee remains NFT community divided over the move Is it a boost to mass adoption or a monopolistic move? Apps on Apple devices can now sell Non Fungible...
‘Grotesquely overpriced’ — Apple’s App Store wants 30% cut on NFT sales
Non-fungible token (NFT) app developers and others have balked at a decision by tech giant Apple to impose a 30% commission on NFTs sold through apps on its marketplace, effectively putting NFT purcha...
British Pound Slumps to Lowest Level against Dollar as New Tax Cut Policy Is Unveiled
The British Pound is not alone in its slump against the United States Dollar as other currencies including the Euro are also recording a similar faith. The British Pound Sterling is buckling under the...
Turkey Shocks With Another Rate Cut Despite Raging Inflation
(Bloomberg) — Turkey’s central bank delivered another shock cut to interest rates, despite inflation running at a 24-year high and with the lira trading at a record low. Most Read from Bloomberg...
Plans To Cut Transaction Fees Leave Arbitrum Susceptible To Attacks
As one of the after-merge solutions, Ethereum added Arbitrum to its layer-2 mainnet. The Ethereum network expects the Arbitrum scaling tool to eliminate the problem of high transaction fees and optimi...
Haiti Riots Triggered By IMF Advice To Cut Fuel Subsidies
PORT AU PRINCE, HAITI – SEPTEMBER 13: Demonstrators set fire during a protest against the rising … [+] gasoline prices in Port-au-Prince, Haiti, September 13, 2022. (Photo by Georges Harry...
Tesla Nevada Gigafactory works to cut Mosquito Fire smoke exposure
Water tender crews monitor a backfire during the Mosquito fire in Foresthill, an unincorporated area of Placer County, California on September 13, 2022. Josh Edelson | AFP | Getty Images As a massive ...
Delta Looks to Improve Margins, Cut Debt as Travel Rebounds
Dan Janki, the finance chief of Delta Air Lines Inc., had to navigate a host of pressures in his first year in the airline industry as travel demand remained below the levels seen before the Covid-19 ...
Growling Powell causes Goldman to cut its S&P 500 price target. Again.
During the height of the bull market – which, boy, seems so long ago – the call-option crazy punters inhabiting the Wallstreetbets channel had a favorite meme to explain why stocks would keep going hi...