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Our news is a collection of materials about updates, events and trends in the Liquidity, Forex, Crypto and FinTech industries.

Netflix Layoffs Just The Start as Streamer Stages Rebound: ‘It’s Time to Be a Real Company,’ Says Media Exec

"In our quarterly report, we indicated that slowing revenue growth forces the company to slow its cost growth. As a result, approximately 150 employees will be laid off today, mostly in the United States," the company stated in an announcement.

Bitcoin Is Steady Above $29,000. Cryptos Are Holding Up as Stocks Sell Off

Bitcoin's price has risen in the last 24 hours and is now well above $29,500. The largest cryptocurrency's relative strength comes amid a rough day for US markets on Wednesday, with a selloff that continued into Thursday.

Bitcoin Flexes Dominance Again as Altcoins Suffer Bigger Losses

Babel Finance reports that the market-cap dominance of the currency has increased significantly during the last selloff, soaring to 45%, the highest level from the beginning of the year. As analysts at the firm said in a note, "altcoins are at their worst."

China Is Winning the Lithium Wars. What It Means for Tesla and Other EV Stocks

Lithium demand is increasing, and prices are rising. According to the International Energy Agency, the value of worldwide lithium sales will more than double between 2020 and 2030. Lithium prices have risen about 400% in the last year.

Largest U.S. Pension Bought AMC, AMD, and Block Stock. It Sold Netflix

Calpers purchased 155,992 AMC shares in the first quarter, bringing its total to 775,392 shares. Calpers has purchased the shares for the third quarter in a row. It announced a 116,400-shareholding at the end of the third quarter of 2021, then more than doubled that investment in the fourth.

Robinhood Launches New No-Transaction Fee Crypto Wallet

There is already a web-based custody wallet on Robinhood's website for users' assets. As with most cryptocurrency companies, the assets are not covered by any government guarantee, such as that provided by the Federal Deposit Insurance Corporation.

Insider News: Samsung in Talks to Hike Chipmaking Prices by Up to 20%

At a recent earnings conference, Kang Moon-soo, vice president of Samsung's foundry division, stated that the company had already received orders for the next five years totaling eight times the previous year's sales. "We expect our order book to expand much further.

China’s Economy Roared Back After Wuhan Lockdown. Why It Won’t See the Same Rebound Now

According to a recent study conducted by the European Union Chamber of Commerce in China, about a quarter of the enterprises surveyed are considering leaving the country owing to the Covid-19 laws, the largest number in a decade.

Morning Brief: Collapsed Cryptocurrency Drama and What Happened in the Market Over the Past Few Days

Bitcoin fell 5.9 percent in 24 hours through noon Eastern time on Saturday, to $28,782, in trading on Coinbase Global's platform (COIN). The cryptocurrency is down 20% this week, while the token is down 58 percent since its top above $69,000 in November 2021.

Musk Suggested Twitter Deal Was on Hold. Law Expert Says It’s Not So Easy

"Generally, these types of claims aren't very convincing," Quinn notes. "There's a lot of bravado, a lot of back and forth, but they're not very strong. Sometimes people renegotiate prices, but not by a great deal."

Powell Warns Soft Landing Could Be ‘Quite Challenging’

On April 26, the Senate approved Fed governor Lael Brainard as vice-chair of the seven-member board, as well as Michigan State University economist Lisa Cook and Davidson College economist Philip Jefferson for two additional board positions.

Bitcoin Falls. Cryptos Pressured As Stablecoin Terra’s Meltdown Intensifies

"Bitcoin will encounter short-term resistance near $32,500, followed by $35,000," Moya predicted. "On the downside, Bitcoin will attempt to maintain the $30,000 level, with $28,500 offering significant support."

Elon Musk Expected To Serve As Temporary Twitter CEO After Deal Closes

According to a Securities and Exchange Commission filing on Thursday, Musk secured about $7.14 billion in equity commitments from friends and other investors to purchase Twitter.

VW Aims to Launch Scout, an EV Off-Roading Brand

Volkswagen Group is preparing to launch Scout, a new specialized EV business that will create an all-electric truck and a tough off-roading SUV for the American market. The business intends to build a rugged SUV and pickup truck by 2026.

China’s Massive Community-Buying Industry Is Collapsing

Demand, however, was unable to keep up with the intense competition. Additionally, the industry has been impacted by President Xi Jinping's massive crackdown on China's internet giants. The government fined several community-buying platforms last year for excessive spending on promotions.

Why Earnings Season Couldn’t Save the Stock Market This Time

That is the macro pressure on market multiples that has overshadowed first-quarter sales and earnings increases in the S&P 500's energy, materials, and industrial sectors.