Content Types
- Finance
SEC chair Gary Gensler says crypto assets are securities and thus ‘core to our remit’
Securities and Exchange Commission chair Gary Gensler said that crypto assets count as a “security contract”, which falls under the…
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Grayscale launches ETF in Europe to track ‘future of finance’ stocks like Coinbase, Robinhood
Grayscale is launching its first European ETF, the Grayscale Future of Finance UCITS, which will list on the London Stock…
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FCA sees flood of applicants for prized crypto job
Seventy-six applicants are vying to head up crypto regulation at the Financial Conduct Authority, Financial News can reveal. That is…
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Ryanair FY 2022 Net Loss Narrowed, Beats Consensus; Expects Return to Profitability in FY 2023
By Anthony O. Goriainoff Ryanair Holdings PLC said on Monday that its net loss for the fourth quarter narrowed as…
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How More Than $1 Trillion of Crypto Vanished in Just Six Months
Traders’ flight from risky investments has halved the price of bitcoin and other cryptocurrencies, wiping out more than $1 trillion…
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Gasoline futures finish at record, lifting oil to weekly gain
Gasoline futures surged to a record close Friday, providing a lift for crude oil that erased a weekly loss. Price…
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KPMG and former staff face ‘serious regulatory sanctions’ over misleading Carillion probe
KPMG and multiple former staff members are facing “serious regulatory sanctions” over their engagement in a conspiracy to mislead inspectors…
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FTX’s crypto clearing plan needs scrutiny, says CFTC chair Rostin Benham
Commodity Futures Trading Commission chair Rostin Behnam said that a proposal by FTX, a crypto derivatives exchange, to create a…
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Crypto’s Wild West needs taming, IOSCO says: ‘It’s time for a sheriff to come to town’
The secretary general of the International Organisation of Securities Commissions, Martin Moloney, said regulators must brace for a new era…
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How a stablecoin crash shook the crypto market
The cryptocurrency TerraUSD had one job: Maintain its value at $1 per coin. Since it launched in 2020, it had…
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Elliott’s London staff set for more responsibility as hedge fund shuts last Asia office
High-profile activist investor Elliott Management is shutting up shop in Asia, according to reports, as the hedge fund’s London office prepares…
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They Fled Ukraine to Keep Their Cyber Startup Alive. Now, They’re Hacking Back.
Dozens of employees at Ukrainian cybersecurity startup Hacken fled their war-torn country and found refuge about 2,000 miles away in…
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Senate gives Fed Chairman Powell vote of confidence and a second 4-year term
Federal Reserve Chairman Jerome Powell on Thursday was given a vote of confidence by lawmakers. The Senate voted to confirm…
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The S&P 500 is on the brink of a bear market. Here’s the threshold.
The latest bull market for U.S. stocks was on the brink of expiring Thursday afternoon, with the benchmark S&P 500…
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Biden mourns one million American lives lost to pandemic, orders flags to fly at half-mast to honor the dead
President Joe Biden mourned the one million American lives lost to the pandemic on Thursday, and said flags will be…
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WSJ News Exclusive | Silicon Battery Maker Amprius to Go Public in $1.3 Billion SPAC Merger
Amprius Technologies Inc. has reached a deal with a special-purpose acquisition company that values the maker of silicon-anode batteries at…
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SoftBank Reports $13 Billion Annual Loss, Hit by Tech-Share Slump
“The world is in a chaotic situation,” said Chief Executive Masayoshi Son, citing Covid-19 and Russia’s invasion of Ukraine. “In…
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Bitcoin tumble continues amid TerraUSD fall
The price of bitcoin was under pressure again on 12 May, with even bigger losses among smaller cryptocurrencies, as the…
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Citigroup names Tom Anderson as chief compliance officer
Citigroup has named Tom Anderson as its new chief compliance officer. Anderson, who currently serves as compliance chief of Citi’s…
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Coinbase warns crypto users may not be protected in the event of bankruptcy
Cryptocurrency trading platforms might look and feel like regular brokerage apps to everyday users, but regulators have long warned they…
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Merck KGaA 1Q After-Tax Pft EUR884M
By Xavier Fontdegloria Merck KGaA said Thursday that it expected higher profit and sales for 2022 after earnings and revenue…
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Disney stock turns to a loss after warning about rough road ahead for streaming
The Walt Disney Co. added more streaming subscribers than expected in the wake of problems at rival Netflix Inc., but…
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Moderna CFO out after two days in the role as former employer Dentsply discloses probe of financial reporting
Moderna Inc. surprised investors Wednesday with the news that its chief financial officer has departed the company just two days…
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Businesses Seek to Soften SEC Cyber Rules
Companies including Chevron Corp. , Quest Diagnostics Inc. and Ernst & Young LLP are pushing to narrow proposed cybersecurity rules…
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WHO head censored in China after criticizing zero-COVID policy, and U.S. cases are now up 52% from two weeks ago
The head of the World Health Organization is being censored on China’s internet after criticizing its zero-COVID policy for being…
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Bitcoin plunges as Terra’s meltdown drags cryptos lower
Bitcoin and other cryptocurrencies remained under pressure, with the focus on the meltdown of stablecoin TerraUSD, which is designed to be pegged to…
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U.S. stocks bounce in choppy trade after CPI shows inflation slows less than expected
Major stock indexes were higher in choppy price action after an eagerly awaited consumer price index reading showed U.S. inflation…
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BlackRock downgrades outlook for Chinese assets citing ‘Beijing’s ties to Russia’
BlackRock has downgraded its outlook for Chinese stocks and bonds on the back of weakening growth expectations and geopolitical risks…
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Algorithmic stablecoin TerraUSD plunges as spooked investors step back
A selloff in a cryptocurrency that was supposed to be pegged to $1 accelerated 11 May, sending its price to…
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Cryptocurrency TerraUSD Plunges as Investors Bail
The break in TerraUSD’s peg began over the weekend with a series of large withdrawals of TerraUSD from Anchor Protocol,…
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Goldman Sachs boss David Solomon: Return to the office could take years
Getting staff back to the office could take years, Goldman Sachs CEO David Solomon said, as in-person attendance at the bank’s US premises remains between…
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Stablecoin Terra falls as low as 30 cents on the dollar
The so-called algorithmic stablecoin TerraUSD fell as low as 30 cents on the dollar on Wednesday, demonstrating in real-time the…
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Private-debt risks are hiding in plain sight
Carmen M Reinhart is chief economist of the World Bank Group; Leora Klapper is lead economist of the finance and…
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Market crash gives crypto its biggest test as 40% of bitcoin investors are now ‘under water’
The looming fear of rising interest rates spooked traders at the start of the week into selling anything and everything, causing global…
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Goldman Sachs slashes London banker pay by 66% during the first quarter
Goldman Sachs reduced the amount it spends on pay for London-based staff by 66% during the first quarter as dealmaking fees…
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Siemens Energy 2Q Net Loss EUR252M
By Giulia Petroni Siemens Energy AG said Wednesday that its loss widened in the second quarter of its fiscal year,…
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