Stablecoin issuers seek bank licenses to reassure customers
Firms that issue or trade stablecoins are looking to secure banking licenses, largely as a signal to customers that the coins are safe as bank deposits.
Apr 5, 2022
0
3
Business
Page 5 - News tagged with financial markets
Business
Microsoft blames economic woes for missing profit targets
Microsoft on Tuesday reported fiscal fourth-quarter profit of $16.7 billion, or $2.23 per share, falling short of analyst expectations for $2.29 per share—a rare disappointment from the tech giant that has consistently ...
Jul 26, 2022
0
7
Business
Digital fraud in the pandemic world
Writing in the International Journal of Intellectual Property Management, a digital technology leader at telecommunications conglomerate Verizon discusses the impact of the COVID-19 pandemic on digital transformation and ...
Aug 8, 2022
0
4
Business
Zoom booms as pandemic drives millions to its video service
Zoom Video Communications is rapidly emerging as the latest internet gold mine as millions of people flock to its conferencing service to see colleagues, friends and family while tethered to their homes during the pandemic.
Jun 3, 2020
0
6
Business
Tech layoffs signal 'feeling economy' shift
Tech company layoffs exceeded 260,000 in 2023, and continue in 2024. This, despite a robust job market in non-tech industries.
Feb 13, 2024
0
7
Automotive
1962 Ferrari auctioned for $51.7 mn in New York: Sotheby's
A 1962 Ferrari 250 GTO sports car sold for $51.7 million in New York on Monday, making it the second most expensive car ever sold at auction, Sotheby's said.
Nov 14, 2023
0
13
Business
Cryptocurrencies: Why they've crashed and what it could mean for their future
If you had invested £100 (US$122) in the cryptocurrency Luna a month ago, you might have been quietly confident you'd made a sensible bet. But Luna's value has since fallen drastically—at the time of writing, that £100 ...
May 17, 2022
1
16
Business
Ant Group fiasco reflects battle for China's financial soul
China's last-minute abandonment of Ant Group's record-breaking IPO stems from an intensifying battle for the soul of the nation's financial system that the fintech giant and its charismatic leader Jack Ma helped to ignite.
Nov 5, 2020
0
4
Business
Siemens Energy gets state-backed 15-bn-euro rescue package
Siemens Energy will receive a 15-billion-euro ($16.3-billion), state-backed rescue package, Berlin said Tuesday, as the German group struggles to overcome a crisis in its wind power unit.
Nov 14, 2023
0
25
Business
US market regulators to study recent trading frenzy
US financial market regulators will study the trading frenzy last week that saw shares like GameStop soar, and ensure investors are protected, the Treasury Department said Thursday.
Feb 5, 2021
0
4
