(Bloomberg) — Less than a week after Federal Reserve Chair Jerome Powell opened the door to a re-acceleration in the pace of interest-rate hikes, traders slammed it shut again amid the sudden er...
Tag: Scraps
Goldman Sachs scraps idea for direct-to-consumer credit card
David Solomon, Goldman Sachs, at Marcus event Goldman Sachs has dropped plans to develop a Goldman-branded credit card for retail customers, another casualty of the firm’s strategic pivot, CNBC ...
Zero Waste Daniel Fashions Bomber Jackets Made With Designer Fabric Scraps
Zero Waste Daniel’s bomber jacket made from scraps discarded by designers and saved for over 10 … [+] years. Courtesy of Zero Waste Daniel Zero Waste Daniel never saw a fabric scrap he did...
Rupert Murdoch Scraps Plans To Reunite Fox And News Corp.
Topline Billionaire media mogul Rupert Murdoch on Tuesday withdrew a proposal to potentially reunite his broadcasting company Fox Corporation and publishing firm News Corporation as a single entity, w...
Swyftx Scraps Its Yield Program Citing ‘Regulatory Landscape’
Australian cryptocurrency exchange Swyftx has announced it will be closing its Earn program this week, citing “the constantly changing regulatory landscape.” Upon closure of the program on Jan. 10, us...
Airline Uses Scraps To Make Wheelchairs For Charity, More Flat-Bed Seats And New Routes For 2023
AIRPORT NARITA, TOKYO, JAPAN – 2017/05/04: SriLankan Airlines Airbus 330-300 landing at Tokyo Narita … [+] airport. (Photo by Fabrizio Gandolfo/SOPA Images/LightRocket via Getty Images) Li...
Rivian Scraps Plan to Make Electric Vans in Europe with Mercedes
(Bloomberg) — Rivian Automotive Inc. is shelving plans to jointly build electric vans in Europe with Mercedes-Benz AG, aborting a deal signed just three months ago to share costs and quickly sca...
FTX Fallout Continues as Platform Scraps Chelsea Sponsorship
Amber Group, Asia’s leading crypto and lending platform, has slashed its headcount and scrapped a sponsorship deal with Chelsea Football Club. The crypto winter has claimed yet another firm to strict ...
Apple Scraps Plans For Car Without Steering Wheel Or Pedals, Report Says
Topline A secretive plan for an autonomous vehicle created by Apple— which the tech giant has never publicly acknowledged—is changing course, according to Bloomberg, which reported the company has scr...
Stablecoin Issuer Circle Scraps $9 Billion Deal To Go Public
Stablecoin issuer Circle, a peer-to-peer payments technology company behind the popular USDC stablecoin, was quick to clarify that its decision to abolish its plans of going public has nothing to do w...
Circle Scraps SPAC Deal After Getting SEC Cold Shoulder
Circle Internet Financial and Concord Acquisition Group boards decided to end a Special Purpose Acquisition agreement that would have seen Circle become a publicly-traded company. Both companies ended...
OPEC+ Leaves Lower Oil Production Targets In Place—As Biden Reportedly Scraps Plans To Punish Saudi Arabia Over Cuts
Topline The OPEC+ alliance of oil-exporting countries left its targets for global oil production in place Sunday in its first meeting since announcing cuts in October, as the Biden Administration repo...
Paramount scraps deal to sell Simon & Schuster to Penguin
The Penguin logo is visible on the spines of books displayed on a shelf at Book Passage on Nov. 2, 2021 in Corte Madera, California. The U.S. Department of Justice is suing Penguin Random House and Si...
Australia’s ASE scraps blockchain project despite $170M investment
The Australian Securities Exchange has announced that it will no longer be going forward with its much-anticipated CHESS replacement project. The project sought to replace the exchange’s 25 year-old ...
Binance Scraps FTT-USDT Trading Pair From Both Spot and Perpetual Contracts
Binance, the world’s leading cryptocurrency exchange, has halted trading for the FTT/USDT trading pair following the FTX fallout. The exchange has also removed FTT from its derivatives platform. The m...
NEAR Protocol Scraps USN Stablecoin
A $40 million collateral gap has forced the shutdown of the USN stablecoin, which was launched in April 2022 by the NEAR Protocol. Tokens Destroyed, TVL Drop The USN stablecoin was issued by the Dece...
Robinhood shares up 9% as SEC reportedly scraps plan to limit PFOF deals
Robinhood shares soared at the open on Thursday following news that the U.S. Securities and Exchange Commission (SEC) won’t limit it in making payment-for-order-flow (PFOF) deals. Shares in the ...
Bolt Financial Scraps $1.5B Buyout Deal for Crypto Firm Wyre
Bolt said that they will continue with their commercial partnership with Wyre while putting greater focus on their key areas of competence. San Francisco-based technology firm Bolt Financial announced...
Payments Firm Bolt Scraps $1.5B Proposed Acquisition of Crypto Firm Wyre
Bolt Financial Inc, a U.S. online checkout technology company, announced on Friday that it has pulled out from its $1.5 billion deal to buy crypto infrastructure provider Wyre Payments Inc, amid plung...
Payments Firm Bolt Scraps Deal to Acquire Crypto Company Wyre – Bitcoin News
California-based online payments company Bolt is pulling out of an agreement to buy crypto provider Wyre. The news of the scrapped deal, which was agreed to earlier this year, comes amid plunging valu...
Target CEO Brian Cornell to stay on for three more years, as company scraps retirement age
Brian Cornell, Chairman and Chief Executive Officer of the Target Corporation. Anjali Sundaram | CNBC Target CEO Brian Cornell has agreed to stay on in his role for about three more years, as the reta...
Thailand’s SCB Scraps Bitkub Takeover Deal Citing Regulatory Issues
Thailand’s oldest lender has pulled out of a $500 million deal to buy cryptocurrency exchange Bitkub, which had been delayed since July. According to Reuters, SCBX, the parent company of Siam Commerci...
Bitcoin Hits $25K But Fails to Hold; Galaxy Digital Scraps Plan to Buy BitGo
By comparison, traditional options trading of stocks accounts for 20% of the market cap of the S&P 500 at the Chicago Board Options Exchange (CBOE), EDG said. “When you think of all the other [S&a...
Japan’s central bank scraps CBDC plans due to lack of interest from public
The Bank of Japan (BoJ) has concluded that it is not technically feasible for the government to release a central bank digital currency (CBDC) at the moment. Cash rules everything around Japan Like ma...
Bitstamp scraps planned inactivity fee over customer concerns
Luxembourg-based exchange Bitstamp announced on Wednesday that it will not move forward with plans to charge certain customers a monthly,10 euro fee for having an inactive account. Bitstamp had first...
Bitstamp Scraps Plan for Inactivity Fees After Users Revolt
Bitstamp last week made what the company called a “hard decision” to levy a monthly fee on inactive users with smaller balances. Now it’s walking things back. The Luxembourg-based crypto exchange toda...
Bitstamp Scraps Inactivity Fee Plan
Cryptocurrency exchange Bitstamp has decided not to move further with the inactive fee plan. “We have taken everyone’s concerns on board and have decided to cancel the inactivity fee,̶...
UK Scraps Plan to Monitor Unhosted Digital Wallets
The United Kingdom, in stark contrast to a proposal approved in March by the European Union, will not require senders of crypto assets to collect information about recipients who use unhosted wallet a...
Forbes Scraps SPAC IPO Agenda amid Dwindling Investor Interest & Heightened Regulatory Scrutiny of Blank-Check Firms
Forbes has reportedly pulled the plug on its SPAC IPO after conducting market reevaluations. An official announcement is expected soon. Forbes will not be going forward with its SPAC initial public of...
Yuga Labs’ Otherside scraps Dutch-style auction for NFT sale
Yuga Labs’ impending sale of NFTs for its Otherside metaverse will no longer use a Dutch-style auction this weekend, according to a blog post. “Dutch auctions are actually bullsh*t, so Oth...
Judge Shifts Some New York Primaries To August After Court Scraps Voting Maps
Topline A state judge Friday said New York must shift its congressional and state senate primaries to August, two days after the state’s top court scrapped voting maps it said were unconstitutionally ...
Ambani Scraps $3.2 Billion Deal That Set Up Clash With Bezos
(Bloomberg) — Billionaire Mukesh Ambani abandoned a plan to buy a teetering Indian retailer amid protracted legal challenges from Amazon.com Inc., potentially ending one episode of the broader c...