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.
China’s Video Game Market Is Shrinking as Regulators Crack Down
A combination of variables has resulted in the Chinese video gaming industry's first revenue and user falls in 14 years. According to analysts, the losses may prompt major firms such as Tencent Holdings and NetEase to expand further into international markets.
Banks and Finance
Coinbase Needs Congress to Save It From a Crackdown. Don’t Count on It
Congress is the only body that can prevent a crackdown by American law enforcement authorities on Coinbase Global Inc. (COIN) and other cryptocurrency companies. Still, it's becoming less likely that such relief will be provided anytime soon.
Crypto
Meta’s Earnings Are Wednesday. Wall Street Is Cutting Its Revenue Forecasts
The social media titan is still battling a less aggressive advertising market, competition from TikTok, and the continuing impacts of Apple's (AAPL) more aggressive approach to safeguarding iPhone users' privacy. In an effort to make its Facebook experience more like TikTok, Meta recently scaled back its employment goals and released a new version of its main Facebook experience.
Companies
Ford Plans Up to 8,000 Job Cuts to Help Fund EV Investment
People who asked not to be named, revealing internal discussions, described the layoffs will be made in Ford Blue, the newly formed unit responsible for producing internal combustion engine vehicles, as well as other salaried positions across the corporation. Details of the plan have not yet been finalized, so they could change at any time.
Companies
Ex-Coinbase Employee and Two Others Charged in Insider Trading Case
As part of what federal prosecutors in Manhattan are calling the first-ever insider trading prosecution involving the digital currency market, a former employee of Coinbase Global and two other people have been charged with wire fraud.
Companies
Gold Has Been a Disappointment This Year. What Could Change That
Since the beginning of this year, gold prices have settled at their lowest level since the spring of 2021, failing to demonstrate their usefulness as a haven investment. A crucial index that measures the performance of equities involved in the gold mining industry also hit a more than two-year low.
Banks and Finance
Netflix Sees Return to Subscriber Growth
After-hours trading on Tuesday saw a surge in Netflix shares after the business reported better-than-anticipated subscription trends for the second quarter and announced plans to introduce an ad-supported subscription tier in the first quarter of 2023.
Companies Discover
Banks Are Strong Financially. Why Earnings Don’t Reflect It
Second-quarter earnings were even more of a puzzle in a perplexing year for banks, and it could be related to earnings projections. Simply put, the banks' earnings were less than they were last year and, in many cases, significantly weaker than analyst projections, despite their sound financial standing.
Banks and Finance
A Strong U.S. Dollar Raises Risks for Everyone
The dollar is powerful, and that is an understatement. Following a 6.9 percent increase in May, which was the largest increase since 2015, the Dollar Index (DXY) increased by 6.8 percent from May to July 14. The dollar and euro have reached parity, while the yen is at its lowest point in more than 20 years.
Forex
China’s Second Quarter Was Grim. Here’s What It Means for Its Stock Recovery
China is anticipated to experience its slowest economic growth since the height of the epidemic in 2020. Investors should consider the state of the consumer and credit expansion to determine whether the early stock market rebound can last.
Banks and Finance
Twitter Stock’s Fall Isn’t Over, Analysts Warn. How Much More It Could Tumble
Despite falling 11.3 percent after the news broke on Monday, Twitter stock still appeared to be valued to account for the potential that a deal may yet be reached at a lower price. Analysts predict that Twitter stock might fall another 30% from here if there is no sale.
Companies
More Women Are Taking Charge of Their Finances
Paula Polito, a wealth management executive at UBS, has long advocated for women to take an active role in their financial lives and become "more financially smart," as she described it in a recent interview. However, nothing appeared to alter for years.
Banks and Finance
Amazon’s Deal With Grubhub Makes Life Tougher for Uber and DoorDash
A year ago, Just Eat Takeaway, based in Amsterdam, paid $7.3 billion to purchase the faltering American food delivery firm. That poorly timed arrangement, which was announced just as the meal delivery boom of the Covid period started to slow down, was a failure.
Companies Discover
Dethrone Tesla? One Car Maker With a Shot
Many manufacturers have ambitious plans to overtake Tesla ( TSLA ). They need to have electric automobiles available to the market for that to happen. Based on forthcoming models, General Motors (GM) is one automaker that appears to have a chance of competing with Elon Musk's company.
Companies