Markets

Terraform Labs and its CEO, Do Kwon, were just charged for a multi-billion dollar crypto asset securities fraud by the US Securities and Exchange Commission (SEC). The company has been targeted by regulators ever since the collapse of the Terra...

The US state of Wyoming recently passed a new bill that that will protect crypto users’ funds from the US courts moving forward. The Bill, known as the “Disclosure of private cryptographic keys” bill, prohibits forced disclosure of private keys....

Cisco Systems, the maker of routers and various other products used for running the internet and computer networks, recently raised its full-year earnings prediction. While the majority of companies in the tech industry have been reporting significant drops in earnings,...

Standard Chartered recently reported a significant increase in its annual pretax profits. The bank saw a 28% increase, caused by the global interest rate hikes, which are believed to have boosted its lending revenue. This key performance metric led the...

Elon Musk’s electric car company, Tesla, intends to open part of its US charging network to electric vehicles made by rival firms. The decision comes as part of a massive $7.5 billion federal program, which intends to encourage the expansion...

The Chicago Mercantile Exchange Group has released its financial results for January 2023. In the results, the company reported a 4% increase in the average daily volume (ADV) for foreign exchange transactions during the month. The company recorded 807,000 forex...

The Chief Executive Officer of leading electric vehicle maker Tesla, Elon Musk, donated shares worth $1.95 billion to charity in 2022. The company revealed the donation through a filing with the US Securities and Exchange Commission (SEC) on Tuesday. Tesla...

Neiman Marcus Group has announced plans to lay off around 5% of its workforce, equivalent to around 500 employees. The company has said that the layoffs are part of its plan to reduce costs amid a tough economic outlook. Neiman...

It is not every day that hundreds of people get an offer to relocate in order to keep their jobs, but this is the deal that Walmart offered to its employees after announcing that it will shut down their current...

Yesterday, February 13th, major carmaker Ford Motor Co. announced plans to create a new electric vehicle battery plant in Michigan. To do this, the company said that it would invest $3.5 billion, essentially betting that building batteries in the US...

Palantir Technologies, a US firm that specializes in big data analytics, recently published extremely positive news for its shareholders. The company’s new forecast, published Monday, February 13th, predicts that 2023 will be the firm’s first profitable year. Palantir noted that...

Fidelity National Information Services Inc (FIS), a banking and payments processing conglomerate, recently took a massive $17.6 billion hit to its merchant business. The write-down came after the company revealed is plans to spin it off in order to make...

Australian lawmakers seem to be rather displeased with the recent rate hikes, which is why the country’s top central banker was summoned to appear at several parliamentary hearings this week. The Reserve Bank of Australia Governor Philip Lowe will have...

Star Entertainment Group recently saw a major drop in shares which tumbled 22% to a record low. The drop came after the group issued a warning, predicting a $1.11 billion (A$1.6 billion) impairment charge in first-half earnings from the originally...

An electric car brand of Geely Automobile Holdings, Zeekr, recently held a funding round that can be described as a major success. The Chinese brand raised $750 million from both existing and new investors, raising the value of the brand...