News

Jun 14
Crypto exchange Coinbase slashes staff by 18% amid bear market

Coinbase CEO Brian Armstrong officially announced on Tuesday that he made a “difficult decision” to reduce the size of the Coinbase team by about 18% due to a starting economic recession. “We appear to be entering a recession after a 10+ year economic boom. A recession could lead to another crypto winter, and could last […]

Jun 14
Redfin to cut 470 jobs, stock sinks toward record low

Shares of Redfin Corp. RDFN, -3.86% dropped 3.7% toward a record low in midday trading Tuesday, after the real estate brokerage disclosed a decision to lay off 470 employees, or about 6% of its workforce. The company said it plans to complete the job cuts by the end of June. Redfin said it expects to […]

Jun 14
Canadian Securities Administrators Appoint New Chair and Vice-Chair

Montreal – The Canadian Securities Administrators (CSA) today announced the appointment of Stan Magidson, Chair and CEO of the Alberta Securities Commission (ASC), as Chair of the CSA for a three-year term, effective July 1, 2022.  Mr. Magidson succeeds Louis Morisset, President and CEO of the Autorité des marchés financiers who has served as the […]

Jun 14
OpenSea announces new security features to protect users from NFT scams

The new feature will automatically hide suspicious NFT transfers from view on their marketplace. 394 Total views 7 Total shares One of the most popular crypto startups, OpenSea, has recently come under fire for stolen and plagiarized nonfungible tokens (NFTs). In light of the growing number of NFT scams, OpenSea has announced the launch of […]

Jun 14
FedEx stock soars toward biggest gain in 29 years, adds 150 points to Dow transports price

The Dow Jones Transportation Average DJT, +2.09% powered up Tuesday, driven FedEx Corp.’s FDX, +12.55% best one-day stock performance in three decades, even as the broader stock market turned lower. The Dow transports shot up 313 points, or 2.4%, with 13 of 20 components gaining ground, while the Dow Jones Industrial Average DJIA, -0.08% fell […]

Jun 14
Total net assets of Belgian investment funds amounted to a little more than EUR 204 billion at the end of 1Q2022

The Financial Services and Markets Authority (FSMA) has published a new edition of its quarterly dashboard of Belgian public open-ended investment funds, generally referred to as investment funds. The overview presented in this dashboard covers the first quarter of the year 2022. This press release is not available in English. Please consult the French or Dutch site. Source: FSMA