Latest Market News
The Fed held a meeting this week and signaled that it will conduct monetary policy tightening much faster than its peers and faster than market participants expected. Now rumors are centering around a possible Fed rate hike at the next meeting by 50 bp.Next week the decision on the interest rate will be made by […]
PayPal confirmed on Jan. 8 it is “exploring a stablecoin” that could be called PayPal Coin after a developer found evidence of such a stablecoin within the source code of the company’s iPhone app. PayPal senior vice president of crypto and digital currencies Jose Fernandez da Ponte said at the time that if the company […]
Synchrony Financial SYF, -6.75% reported Friday fourth-quarter profit that matched expectations while net interest income rose above forecasts, boosted by by record purchase volume and loan growth across all sales platforms. The consumer financial services company’s stock was still inactive in premarket trading. Net income rose to $803 million, or $1.48 a share, from $728 […]
Some of the key areas of blockchain development include manufacturing, energy, government data sharing and services, law enforcement, taxation, criminal trials, inspection, and cross-border finance. 190 Total views 3 Total shares The Cyberspace Administration of China (CAC) announced the commencement of an in-house effort to expedite blockchain development and innovation across 15 zones and 164 […]
The world reached a vaccination milestone Friday of 10 billion doses administered globally, according to Our World in Data, but wealthier countries account for the vast majority of those, while poorer ones have been left behind. Only 9.8% of people in low-income countries have received a first dose, according to the data project, while wealthy […]
Chevron Corp.s shares CVX, -3.52% slid 3.7% premarket Friday, after the energy giant posted weaker-than-expected fourth-quarter profit, weighing against record earnings for the full year amid strong oil prices. Chevron posted net income of $5.1 billion, or $2.63 a share, in the quarter, swinging back from a loss of $665 million, or 33 cents a […]