Latest News
Our news section is a meticulously compiled repository of the latest events, updates, and emerging trends spanning the dynamic industries of Liquidity, Forex, Cryptocurrency, and FinTech and serves as an informative platform for those seeking to keep up-to-date with the rapidly evolving landscapes of these sectors. This curated collection acts as a hub, capturing the pulse of these industries and ensuring our readers are always at the forefront of the latest developments.
Back to the Future: The DeLorean Returns as the All-Electric Alpha5
The DeLorean Motor Company (DMC) was founded in 1975 by John DeLorean, a General Motors star known for his work at Pontiac, and closed its doors in 1982 following a turbulent run. Only 9,000 of the stainless steel-bodied, gullwing-doored DMC-12 were made by the manufacturer.
Banks and Finance
Elon Musk Feels ‘Super Bad’ About Economy, Needs to Cut 10% of Tesla Jobs
A number of business leaders recently began warning about the possibility of a recession, and the Tesla CEO's message on Thursday, "Pause all hiring around the world," comes after he told employees to return to work or leave it.
Companies
Swift and CapGemini Work on CBDC Gateway to Existing Payment Networks
In a recent experiment in the previous year, in a world first, Swift has successfully completed a cross-border transaction between one entity on a DLT-based CBDC network and another on a well-established real-time gross settlement (RTGS) system. This is a significant achievement for both Swift and the wider adoption of CBDCs.
Companies
Apple to Keep iPhone Production Flat as Market Grows Tougher
Additionally, Apple will strive to impress consumers with a more advanced model than last year's one. New screen sizes, including satellite-based text messaging, are expected to be offered in the upcoming iPhone 14 handsets. The iPhone 13 was viewed by consumers as a minor upgrade.
Companies
Shanghai Rolls Out New Stimulus. It Sounds Better Than It Is, Analysts Say
China Beige Book International CEO Leland R. Miller agreed. "There appears to be a good degree of investor optimism surrounding the new Shanghai initiatives," he told Barron's. "If for no other reason than the government is finally addressing the serious falloff in growth with genuine action rather than just pledges."
Banks and Finance
Days After a Crypto Stablecoin Crashed, a Clone Is Growing Rapidly
However, as Terra backers strive to cobble together their own blockchain, crypto investors should be cautious. A procedure might claim that an interest rate is risk-free, but when it is based on an unproven model, danger lurks around every corner.
Crypto Discover
GM’s Newest Weapon in the EV Wars Is a Factory
The facility is located in both Detroit and Hamtramck, Michigan. The term Zero represents GM's goal for an automotive future with zero emissions, zero accidents, and zero traffic congestion. Accidents and congestion reductions are the results of GM's autonomous-driving initiatives. EVs contribute to emissions.
Companies
Walmart Flashes a Warning Sign to the Entire Consumer Economy
There are other retailers as well who suffer from high prices. Even though Home Depot reported better-than-anticipated sales for its first quarter and saw the average amount consumers spent increase by 11%, the number of customer transactions declined by 8%.
Companies
Inflation and Unemployment Haven’t Behaved Like This in 70 Years. Why It Matters
Inflation continues rampant, averaging at 8% year on year, according to the consumer price index. Meanwhile, the employment market is quite competitive. In April, 3.6 percent of the workforce was unemployed, the lowest figure since February 2020.
Banks and Finance
Twitter Is Stuck Between Musk and Snap. It Will Be an Anxious Annual Meeting
The hard place: Macroeconomic conditions for technology businesses have been less than ideal, and Twitter (TWTR) has felt the pinch. Snap's (SNAP) news on Monday that it was lowering its revenue estimate raised fears that the industry may be in for a lengthier period of suffering than anticipated.
Companies
Nomura Creates Digital Asset Company
As for Nomura, it already has a foothold in the digital asset sector with Komainu, a cryptocurrency storage joint venture with CoinShares, and Ledger, which is expected to begin in June 2020. Komainu concluded a $25 million Series A financing round in March, when assets under control surpassed $3 billion.
Companies
Here’s How CEOs from PayPal and Nasdaq, Plus a Senator, View the Risk of Recession
"I think the market will play an important role: the boost in yields, the strength of the dollar… we're already witnessing some demand destruction, and the margins of big retailers are already starting to compress," Toomey noted.
Companies
Expert Opinion: The Bear Market Is Already in Its Third Inning. Stay Calm and Defensive
If that were the case, the S&P 500 would have peaked closer to 3,600 than 4,800 at the start of this year. That is the P/E multiple's power: At recent high valuation levels, the P/E multiple is five times more potent than earnings momentum, basis point for basis point.
Banks and Finance