The trend of usage incentives in decentralized finance kicked off with Compound’s COMP token distribution, and it continued through several other platforms that sought to replicate its perceived success. But the latest DeFi yield farming mania involves yEarn, a yield aggregating platform developed by just one man, Andre Cronje.Read More →
Following the latest CoinMarketCap update which introduced the “Confidence factor” to rank exchanges, users are taking issues at perceived injustices against popular platforms. A pseudonymous Twitter user going by the name of Cosmonaut called out CoinMarketCap for placing BitMEX, one of the most popular derivatives exchanges, all the way downRead More →
Asian markets were mixed in quiet trading Tuesday, following another record day on Wall Street. The Dow Jones Industrial Average DJIA, +0.34% and S&P 500 SPX, +0.09% closed at record highs for a third consecutive day, while the Nasdaq Composite COMP, +0.23% notched a record ninth-straight recordRead More →
Gap Inc. shares fell more than 10% in the extended session Thursday after the retailer said President and Chief Executive Officer Art Peck will be stepping down and cut it outlook for the third quarter and for the year. Peck will “depart from the company after a brief transition,” GapRead More →
Chinese mobile-payment giants Alipay and WeChat announced this week in rapid succession that they would begin allowing tourists to use their digital wallets in China, marking another step toward the cashless functioning of the world’s second largest economy. Run by Alibaba Group Holding Ltd. BABA, +1.19% affiliate Ant Financial —Read More →
TOKYO (Reuters) – Nissan Motor Co (T:) on Friday appointed American Stephen Ma as its next chief financial officer, and said that some veteran executives including Hitoshi Kawaguchi were stepping down, marking the latest shake-up at the automaker. The announcement comes weeks after Nissan named the head of its ChinaRead More →
Britain’s divorce from the European Union was once again in disarray on Monday after the House of Commons speaker John Bercow refused to allow politicians to hold a second vote on Prime Minister Boris Johnson’s Brexit deal. That means that plans for the U.K. to leave the EU in 10Read More →
When hedge-fund billionaire Ray Dalio asked a crowded ballroom at a Milken Institute conference earlier this year whether they agreed that the current economic system needs to be renovated, most hands were raised. “If we don’t agree, we’ll have some form of revolution; that could be to abandon capitalism orRead More →
In the latest blow to Netflix Inc., AMC Theatres, the biggest cinema chain in the world, said Tuesday it is launching a streaming service that will allow members of its loyalty program to rent or buy films and watch them at home, the first such offering from a cinema operator.Read More →
Asian markets were a mixed bag Monday as the latest round of tariff hikes in the U.S.-China trade war took effect. U.S. tariffs on $112 billion of Chinese goods were raised from 10% to 15% effective Sunday, and China responded by raising tariffs on some U.S. goods. Additional tit-for-tat tariffRead More →
Asian markets rose in early trading Friday on news that Chinese officials have more interest in renewed trade negotiations with the U.S. than retaliation for new tariffs. China’s Commerce Ministry was quoted Thursday as saying China would not immediately respond to the Trump administration’s latest tariff hikes — some ofRead More →
WASHINGTON (Reuters) – President Donald Trump said on Friday the United States would subject Chinese imports to an additional 5% tariff in response to what he called a politically motivated move by China to impose tariffs on $75 billion worth of U.S. exports. “Sadly, past Administrations have allowed China toRead More →
The sudden resignation of Overstock.com Inc. founder and Chief Executive Patrick Byrne takes away a major distraction, but doesn’t solve any issues for the questionable company. Byrne announced his resignation Tuesday morning, a week after he told the world in a corporate news release that he had an affair withRead More →
The newest cannabis company on Wall Street, Sundial Growers Inc., sold a half ton of pot that was returned by corporate buyer Zenabis Global Inc. because it contained visible mold, parts of rubber gloves and other non-cannabis material, according to people familiar with the matter. The attempted sale would beRead More →
Asian markets rose in early trading Thursday, showing no significant reaction after China’s central bank set the yuan’s midpoint at its weakest level since 2008. The People’s Bank of China early Thursday set the yuan’s reference point at 7.0039 against one U.S. dollar. Still, it was not as weak asRead More →
The dizzying rise of the plant-based meat trend continued Thursday, with ingredients giant Archer Daniels Co. the latest big food player to jump on the bandwagon. Chicago-based Archer Daniels ADM, +0.85% said plant-based meat is one market it is eyeing as it works to offset “challenging external conditions,” that includeRead More →
Amid warnings that the U.S. government could run out of money to pay its bills sooner than expected, analysts are predicting lots of posturing in Washington in the days and weeks ahead — and therefore potentially choppy markets. The Bipartisan Policy Center on Monday estimated the Treasury could hit itsRead More →
2/2 © Reuters. FILE PHOTO: A number of grounded Southwest Airlines Boeing 737 MAX 8 aircraft are shown parked at Victorville Airport in Victorville, California 2/2 By David Shepardson, Eric M. Johnson and Tracy Rucinski (Reuters) – Boeing Co (N:) will take until at least September to fix a newlyRead More →
© Reuters. NY Fed: FX swaps with foreign central banks total $22 million in latest week NEW YORK, June 13 (Reuters) – The Federal Reserve provided $22 million of liquidity to foreign central banks in the latest week via its swap lines for foreign central banks, the New York FedRead More →
2/2 © Reuters. Ford logo is seen at the North American International Auto Show in Detroit, Michigan 2/2 By Costas Pitas LONDON (Reuters) – Ford said it would close its plant in Bridgend, south Wales, next year because of falling demand for some if its engines, putting 1,700 jobs atRead More →
© Reuters. US money market assets increased in latest week-iMoneyNet NEW YORK, May 29 (Reuters) – U.S. money market fund assets increased by $17.26 billion to $3.110 trillion in the week ended May 28, the Money Fund Report said on Wednesday. Taxable money market fund assets increased by $18.95 billionRead More →
Rising tariffs on $200 billion in Chinese imports will translate to an extra $831 in annual costs for the typical American household, according to new projections from Federal Reserve Bank of New York researchers. Thursday’s projections on the impact of the newly-implemented 25% tariffs are about double the earlier estimatesRead More →
© Reuters. Latest Mexico decisions on Pemex neutral for credit rating: S&P By Stefanie Eschenbacher MEXICO CITY (Reuters) – The financial package announced by the Mexican government on Monday and an earlier decision to have state oil company Pemex build a new refinery are neutral to Standard & Poor’s assessmentRead More →
Tesla Inc. Chief Executive Elon Musk and the Securities and Exchange Commission announced a settlement stemming from their latest Twitter beef Friday afternoon. According to a court filing, the two sides agreed to amend the original settlement to be more specific about exactly what types of statements Musk must haveRead More →
© Reuters. SAP logo at SAP headquarters in Walldorf BERLIN (Reuters) – Software company SAP said the head of its cloud business group had decided to leave the company, the latest in a string of top departures as Europe’s most valuable technology firm reshapes its operations. Robert Enslin, who joinedRead More →
