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.
Insider News: China’s E-Commerce Giant JD.Com Is Reportedly Laying Off At Least 400 Workers, Adding To Massive Layoffs Seen At Other Major Chinese Tech Firms Like Alibaba And Tencent
JD.com's announcement came after claims that Alibaba, another e-commerce behemoth, was also contemplating cutting off at least 15% of its workforce in 2022. This would result in the loss of almost 39,000 employment, Reuters said, referencing anonymous individuals.
Companies
Expert Opinion: Bitcoin Is on the Verge of a Major Breakout — and What Else Is Happening in Crypto Today
"Bitcoin is on the cusp of a huge breakout as the price is on track to challenge the $45k, which has been a strong resistance since mid-January," said Yuya Hasegawa, an analyst at Japanese cryptocurrency exchange Bitbank.
Crypto
Stocks Gain. Europe is in Focus.
On Thursday, the price of West Texas Intermediate oil plummeted roughly 3%, one day after its spike related to Wednesday's stock market slump. Still, oil is trading at $111 a barrel, approximately 25% more than it was when news of Russia's impending invasion of Ukraine broke in February.
Stocks
Expert Opinion: Delisting Chinese Stocks Is Still on the Table. Watchdog Says Hope for a Deal is ‘Premature.’
The PCAOB stated that it is continuing to communicate with Chinese authorities, but it also stated that there are no signs of a weakening of the US position, which needs full access to relevant audit documents, including for corporations in sensitive areas.
Stocks
Expert Opinion: Nvidia’s Investor Day Is About to Begin. Here’s What It Means for the Stock.
He'll also be looking for information on next-generation gaming items and fresh additions to the company's automotive roadmap. He is optimistic that the company would provide more precise expectations about its software prospects.
Stocks
Insider News: Amazon’s CEO Andy Jassy Shares A Bold Vision For The Company’s Healthcare Business.
Jassy emphasized the potential advantages of Amazon Care, which links patients with specialists by text and video — and, in certain regions, distributes medications and sends a nurse to people's homes for checkups and tests.
Banks and Finance Discover
Stock Market News Live Updates: Stocks Deliver Best Weekly Performance Since November 2020 As S&P 500 Jumps 6% From Last Week
Stocks in the United States rose towards the close on Friday, marking the fourth straight day of profits. The main market indexes also saw good weekly gains as traders reacted positively to the Federal Reserve's first step toward boosting interest rates.
Stocks
Expert Opinion: We’re in a Global Energy Crisis, Officials Warn. Nations Should Focus on These Key Ways to Address It.
According to the International Energy Agency, the world is in an energy crisis, and governments must move more aggressively to address it. This may entail figuring out how to cut down on how much individuals drive and how often they go to work.
Banks and Finance
China Made Pro-Market Promises. Here’s What Analysts Are Saying.
The Chinese government has had enough. They met on Wednesday to form the Financial Stability and Development Committee, which is controlled by China's cabinet, the State Council. What resulted were extensive pledges of assistance for China's ailing economy.
Stocks
Insider News: Goldman Sachs’ Top Equity And Credit Strategists Lay Out Their Approaches To Investing
The Russian invasion of Ukraine is the latest aspect contributing to 2022 being a more challenging year for markets than many analysts predicted. Commodity prices are soaring as supply networks are once again knocked off course, and inflation is at its highest level in 40 years.
Banks and Finance
American Express Is Banking On Younger Customers As It Targets Annual Revenue Growth Of More Than 10%
American Express Co. executives expressed confidence in the company's capabilities to increase yearly revenue by more than 10% in the long term, as they stated during a Wednesday investor-day conference.
Banks and Finance
Morning Brief: From Sugar Rush to JPMorgan Russian Bond Payments
Annual inflation in Russia hit its highest level since late 2015 on March 11, and sugar prices increased 12.8 percent in the past week, according to figures released Wednesday by the statistics service Rosstat.The authorities have stated that there is no reason to rush to purchase food goods.
Banks and Finance
Insider News: A Former Federal Reserve Insider Predicts How The Bank Will Behave In The Months Ahead
The bank is anticipated to begin lowering its balance sheet later this year, but any changes might come during this week's conference. Economists and investors anticipate a 25 basis point increase in the federal funds rate. Powell has recently stated his desire to do so.
Banks and Finance Discover
Stock Market News Live Updates: Stocks Rebound As Traders Digest Fed Decision, Powell Remarks
As investors digested the Federal Reserve's recent monetary policy decision, stocks gained Wednesday afternoon. In a move that had been widely anticipated, the central bank raised interest rates for the first time since 2018.
Stocks