Ever since Cardano deployed smart contract integration earlier this year, the network has been buzzing with on-boarded projects and development from the community. Its native token ADA has also grown significantly during this time owing to its increased uses cases amongst creators and developers building on the network. One of...
Apple and Qualcomm finally made peace, settling all their patent disputes after two years of bitter legal battles. The news came Tuesday around 3 p.m. ET, sending Qualcomm’s stock skyrocketing instantly. The shares finished the day more than 23% higher and gained another 12% on Wednesday. A sudden move that...
Asian shares rose Friday as markets meandered on news about economies reopening, mixed with worries about the prolonged health risks from the new coronavirus. Japan’s benchmark Nikkei 225 NIK, +0.61% inched up slightly in morning trading. South Korea’s Kospi 180721, +0.12% gained 0.2% and Australia’s S&P/ASX 200 XJO, +1.42% gained 0.5%. Hong Kong’s Hang Seng HSI, -0.13% rose nearly 0.3%, while the...
Most active fund managers underperform the market for 11th straight yearIn any given year, it's nearly impossible to predict what the market will do. Furthermore, it's incredibly difficult for an individual to put together a portfolio that generates market-beating returns. According to new data from S&P Dow Jones Indices, 60.3%...
Indexes ended August with an indecisive session ahead of the Labor Day weekend. Major benchmarks opened higher but seesawed between gains and losses, with the Dow Jones Industrial Average (DJINDICES:^DJI) closing up, but the S&P 500 (SNPINDEX:^GSPC) ending the day basically flat. The materials sector was the strongest, while...
Slice, a fintech startup that is bringing credit card features to millions of Indians, has raised $50 million in a new financing round as it looks to scale its recently launched UPI payments product and push to make its core credit business profitable. Tiger Global led the Bengaluru-headquartered startup’s Series...
The U.S. Justice Department and Securities and Exchange Commission have subpoenaed Snap for information about its March 2017 initial public offering, the social media app maker told Reuters on Tuesday. Snap said in a statement it has responded to the government subpoenas and other requests for information. The previously unreported federal...
Federal Reserve Chairman Jerome Powell is tasked with telling Congress this week that the central bank will be doing more to control inflation at a time when markets expect it will be doing less. With fears over the Russian invasion of Ukraine causing turmoil in the financial world, Wall Street...
Investors looking out for signs of a recession have nervously eyed the decline in the U.S.’s manufacturing purchasing manager index as it gives one of the most up-to-date assessments of industrial hubbub. Ahead of the latest release on Friday, Morgan Stanley’s cross-asset analysts say the current regime of slowing but...
Stock-market investors shouldn’t get too used to the dollar rally, Goldman Sachs analysts warned Friday. They expect the U.S. dollar to weaken by 7% over the next 12 months and urged investors to factor that outlook into their equity positions. “Foundational to the forecast is our expectation that global economic growth...
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