Day: May 11, 2022
“I guess we have a concern that [the Reserve Bank of India] may be actually in violation of the Supreme Court ruling,” said Coinbase CEO Brian Armstrong. 1819 Total views 40 Total shares Just three days after debuting in the Indian market, United States-based crypto exchange Coinbase abruptly stopped using United Payments Interface (UPI), the […]
Kohl’s Corp. KSS, -2.79% announced Wednesday that shareholders voted to re-elect all 13 members of the department-store retailer’s board, rejecting calls from activist investors Macellum Advisors GP, LLC to overhaul the directors. “The Board remains focused on running a robust and intentional review of strategic alternatives while executing our strategy to drive shareholder value,” said […]
Venture capital continues to target crypto and fintech for funding, with Web3 emerging as a major trend in 2022. 887 Total views 39 Total shares London-based asset manager Fasanara Capital has launched a $350 million investment fund to back fintech and cryptocurrency startups that can deliver new use cases for the emerging Web3 economy. The […]
Moderna Inc. MRNA, -2.56% said Wednesday its recently appointed chief financial officer, Jorge Gomez, has departed the company with immediate effect. The company said the move comes after the May 10 disclosure from Dentsply Sirona Inc. XRAY, -7.31% of an internal investigation into certain matters, including financial reporting. Dentsply, which makes dental products and technology, […]
The BTC dropped pretty much. On Wednesday, investors are trying to find support and help the major cryptocurrency to reach stability at $31,105, but they are very likely to fail. Over the previous week, the BTC lost almost 15% – the crypto market remains under pressure. The external background is still far from favourable. Geopolitical […]
GBPUSD remains under bearish pressure; the Brexit issue doesn’t make things more optimistic. The Pound sterling remains weak against the USD. The current quote for the instrument is 1.2374. Today’s slight optimism shouldn’t mislead anybody: lows in GBP are too close. On Monday 9 May, the asset updated the bottom at 1.2259, the lowest level […]
An attempt by S&P 500 to decisively break below 4000points on Tuesday was not successful, however, the subsequent rebound has notyet found wide support among buyers. Retail and institutional sentimentindicators are in an extremely bearish zone (13-year high), which increases theodds of a rebound in case of emergence of some bullish catalyst:Today’s US CPI release […]
Coinbase In TroubleShares in leading crypto exchange Coinbase are falling even faster this week. Amidst the broader stock plunge we’ve seen recently, linked to hawkish Fed expectations, coin base shares have been falling rapidly. Shares in the company are now down around 80% on the year as crypto volumes have sunk on falling crypto prices. […]
Do Kwon, the humbled co-founder of Terraform Labs, has shared a rescue plan for the de-pegged stablecoin UST. 4541 Total views 4 Total shares Do Kwon, CEO of Terraform Labs, will not admit defeat. After an 18-hour wait in which his coins Terra (LUNA) and TerraUSD (UST) endured a face-ripping freefall, Do Kwon has announced […]
Perrigo PLC shares PRGO, +0.37% slid 4% in premarket trade Wednesday, after the personal self-care product maker swung to a loss for the first quarter and fell short of estimates. The Dublin-based Perrigo posted a net loss of $2.4 million, or 2 cents a share, after income of $38.1 million, or 28 cents a share, […]
