According to the World Bank, factors including the war in Ukraine, fuel prices, and food shortages have caused a reduction in global growth. The World Bank recently lowered its annual global growth fo...
Tag: Cuts
PBOC Cuts RRR After Stronger Than Expected Economic Data Release
China Last Night KraneShares Key News Asian equity markets were largely lower led by Japan, India, Taiwan, and South Korea while Hong Kong and Australia remained on holiday. The PBOC cut the bank rese...
Peloton Hikes Membership Price But Cuts Equipment Costs
Topline Peloton raised the price of its monthly subscription as it lowered the cost of its equipment, the company announced Thursday, after a difficult year for the in-home exercise company that saw i...
Peloton raises subscription fees, cuts prices for Bikes, Treads
A Peloton Interactive Inc. logo on a stationary bike at the company’s showroom in Dedham, Massachusetts, U.S., on Wednesday, Feb. 3, 2021. Adam Glanzman | Bloomberg | Getty Images Peloton is hik...
SoFi Stock Drops as Firm Cuts Forecast on Student-Loan Pause
(Bloomberg) — SoFi Technologies Inc., which operates a business for refinancing educational debt, cut its guidance after President Joe Biden’s administration again extended the pause on student-...
Common Antidepressant Likely Cuts Risk Of Covid Hospitalization, Study Finds
Topline Fluvoxamine, a cheap and widely available pill used around the world to treat mental illness, is very likely to reduce the risk of being hospitalized with Covid-19, according to new peer revie...
Arizona farmers are slammed by water cuts in the West amid drought
Farmer Nancy Caywood stands in what once was an alfalfa field. The land is now fallow after her farm was cut off from accessing water from the San Carlos reservoir. Emma Newburger | CNBC CASA GRANDE, ...
World Events Demand Congress Reset Administration F-35 Cuts
OGDEN, UT: A F-35 fighter jet on a training mission (Photo by George Frey/Getty Images) Getty Images Speaking to a joint session of Congress on March 16, Ukrainian President Zelensky issued an emotion...
DA Davidson Cuts Miner Stronghold’s Target by 40% Ahead of Earnings
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set ...
Crypto.com Cuts Earn Rates Again; Returns On Stablecoin Deposits Are Down Upto 8%
Crypto investors were frustrated as Crypto.com slashed the rate of returns it offers on token deposits. The latest cut, which is the platform’s second such reduction in March, was announced earlier on...
Key Allies Buy New F-35s As Pentagon Cuts Program
Time For Congress to debate the F-35 value proposition U.S. Department of Defense As the Cold War faded, the U.S. took a big gamble that the nation would need the advanced F-35 Lightning II fighter-bo...
Goldman Cuts S&P 500 Target Again as Gloom Descends Upon Stocks
(Bloomberg) — Goldman Sachs Group Inc. strategists lowered their target for the S&P 500 index for the second time in a month, implying negative returns for the year, after a global commodity...
Stitch Fix shares plummet after company cuts guidance for the year
The Stitch Fix application for download in the Apple App Store on a smartphone arranged in Hastings-on-Hudson, New York, U.S., on Saturday, June 5, 2021. Stitch Fix Inc. is scheduled to release earnin...
Trezor Cuts Down Wallets to Russia Post Sanctions
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At Ford, the Chip Shortage Isn’t Getting Any Better. There Are More Output Cuts.
Text size The Ford company logo is displayed on a sign outside of the Chicago Assembly Plant on February 03, 2021 in Chicago, Illinois. Scott Olson/Getty Images The semiconductor shortage that is cons...
Chinese Web Giant Tencent Cuts Transaction Fees For SMEs On WeChat
A Chinese vendor stands next to a QR code customers scan to pay via the WeChat app at a local market … [+]t in Beijing, China. (Photo by Kevin Frayer/Getty Images) Getty Images Chinese web giant...
Ethereum’s Infura Cuts Off Users to Separatist Areas in Ukraine, Accidentally Blocks Venezuela
In brief Infura has blocked access to “certain jurisdictions.” Venezuelan users, Infura says, accidentally got blocked. It had a knock-on effect for users of the MetaMask wallet, which def...
Ford cuts SUV, truck production at two plants due to chip shortage
An employee works on a Ford Motor Co. Super Duty Truck engine at the Ford Kentucky Truck Plant in Louisville, Kentucky, Sept. 30, 2016. Luke Sharrett | Bloomberg | Getty Images Ford Motor is once agai...
LocalBitcoins Cuts Fees to Zero for Ukrainians Both Locally and Abroad
To ease transactions amongst Ukrainians as they face the Russian Army Invasion in their nation, the world’s leading peer-to-peer Bitcoin marketplace, LocalBitcoins, has removed all fees for them both ...
Bitcoin Nears $45,000 as Russia Cuts Off Transfers – Trustnodes
Bitcoin is up by about 15% from $38,000 to now $44,500 as Russia sanctions its own citizens in response to EU, US and UK sanctioning Russia. Russia’s invading president Vladimir Putin banned companies...
West Cuts Russia From SWIFT Over Ukraine Attack
Share this article A joint statement said that the action would “further isolate Russia from the international finance system.” Russia Blocked From SWIFT The West is cutting Russia from SWIFT. A joi...
With Ukraine Under Attack, The Sports World Cuts Ties With Russian Sponsors
Darko Churlinov of FC Schalke 04 gestures during a match on February 18, 2022. After Russia invaded … [+] Ukraine this week, German soccer team announced that Gazprom, the Russian oil giant, wil...
Delta Air Lines cuts ties with Aeroflot after Russia attacks Ukraine
An Aeroflot Russian Airlines Airbus A320 aircraft as seen on final approach flying and landing on the runway at Amsterdam Schiphol Airport with the terminal and the control tower visible, after arrivi...
GE Cuts Transparency & More From The Real Earnings Season
FORT EDWARD, NY – AUGUST 1: A General Electric logo hangs on the side of a GE factory that produces … [+] electrical capacitors that once used, buried and discharged cancer linked polychlo...
MSNBC’s Rachel Maddow Cuts Hiatus Short To Cover Russia’s Invasion Of Ukraine
People take part in a vigil to protest the Russian invasion of Ukraine in front of the White House … [+] in Washington, Thursday, Feb. 24, 2022. (AP Photo/Andrew Harnik) ASSOCIATED PRESS Rachel ...
Peloton CEO John Foley to step down, transition to executive chair as company cuts 2,800 jobs, says report
John Foley, CEO of Peloton. Adam Jeffery | CNBC Peloton plans to replace CEO John Foley and cut 2,800 jobs as it hopes to restructure its business amid waning demand, according to a report in the Wall...
Kazakhstan Extends Power Cuts for Cryptocurrency Miners For Another Week
Kazakhstan has extended power cuts for cryptocurrency mining operations until February 7. The power cut was supposed to end by January 31. However, ongoing difficulties with the power supply have forc...
Kazakhstan Extends Power Cuts for Cryptocurrency Miners – Mining Bitcoin News
Crypto farms in Kazakhstan will remain unplugged until Feb. 7, as the local utility has extended power cuts for miners. The company points to ongoing difficulties with electricity supply as the main r...