Coinbase wins approval to offer crypto futures trading in US
Coinbase Global said on Wednesday it had secured approval to offer cryptocurrency futures to U.S. retail customers, scoring a major regulatory win even as it battles
Intel scraps $5.4 bln Tower deal after China review delay
Intel Corp scrapped its $5.4 billion deal to buy Israeli contract chipmaker Tower Semiconductor Ltd after their merger agreement expired without regulatory approval from China. U.S.-listed shares
S&P 500, Dow rise as Target results lift retailers; focus on Fed minutes
The S&P 500 and Dow rose on Wednesday as Target’s upbeat quarterly profit lifted the retail sector, while investors awaited minutes of the Federal Reserve’s
Dutch economy enters recession as inflation bites
The Dutch economy has entered a recession as it shrank 0.3% on a quarterly basis in the second quarter, a first estimate published by Statistics
Falling food prices, yet much higher than pre-covid
The World Bank’s food price index has been relatively stable during the past seven months as declines in the prices of grains offset increases in
Monetary policy transmission with adjustable and fixed rate mortgages: The role of credit supply
It is commonly believed that adjustable-rate mortgages make contractionary monetary policy stronger, by allowing a faster pass-through of policy rates and therefore decreasing aggregate demand.
Privacy regulation, fintech lending, and financial inclusion
Increasing numbers of countries are introducing privacy legislation to protect users’ data. But while consumers value their privacy and protection from potential misuse of data,
AMC Entertainment to effect 10:1 reverse split on Aug. 24
AMC Entertainment Holdings said on Monday its 10-to-1 reverse stock split will take place on Aug. 24 and its preferred shares “APE” will be converted to
U.S. Steel shares jump after unsolicited bid from Cleveland-Cliffs
Shares of U.S. Steel jumped about 33% in mid-day trade on Monday, after the steelmaker rejected a $7.3-billion buyout offer from Cleveland-Cliffs but said it would review
S&P 500, Nasdaq gain as Nvidia leads megacap growth stocks higher
The S&P 500 and the Nasdaq rose on Monday as chipmaker Nvidia spearheaded gains among megacap growth stocks while investors also awaited earning reports from
