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.
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.
Companies
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.
Crypto
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."
Crypto
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.
Stocks
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.
Companies
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.
Companies
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.
Companies Discover
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.
Banks and Finance
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.
Crypto
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.
Banks and Finance
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.
Banks and Finance Discover
