(Bloomberg) Rates on a 30-year mortgage in the US slid to 2.9%, the lowest since February 18 and below 2.98% reached last week. The plunge in mortgage rate follows plunges…
(Department of Labor) US jobless claims advanced by 2,000 to hit 373,000, more than expected 350,000 for the week that ended July 3. The claims rise reflected waning rates of…
(Beincrypto) Germany’s financial watchdog BaFin has allowed institutional investors to allocate up to a fifth of their assets in cryptocurrencies. The move by Germany’s regulator aims to balance the risky…
(City.A.M) Volume of holdings of Cardano by eToro clients grew by 51% in the second quarter, helping the cryptocurrency to surpass Bitcoin as the most held digital token. Bitcoin’s holdings…
(Reuters) Index publisher FTSE Russell targets another 20 Chinese companies for removal from its indexes. The removal of Chinese firms by FTSE Russell follows user feedback relating to an updated…
(Bloomberg) Beijing market regulators plan to thwart foreign listings of Chinese companies by introducing rules that mandate firms to seek approval. The revised rules mandate companies operating under the Variable…
(Samsung) Samsung Electronics posted an operating profit of 12.5 trillion won or $11 billion in the quarter that ended June. The earnings were better-than-expected 11 trillion won. Samsung’s earnings were…
(TheFly) Oppenheimer analyst Owen Lau increased the company’s price target on Coinbase to $444, keeping an Outperform rating on the firm’s stocks. The analyst expects that a record first quarter,…
(Bloomberg) Chinese smartphone maker Xiaomi Corp. is set to generate some $1 billion from a fresh bond offering, as tech firms face a crackdown in its home country. Sources close…
(Nintendo.com) Nintendo has unveiled a new Switch game console with a more colorful and brighter OLED screen. The new version of Switch game console will retail at $349.99 starting on…
(CNBC)The British fintech company Wise starts off strongly in its highly anticipated IPO, which gave the company a market valuation of $11 billion. The money transfer company chose to list…
(Bloomberg) The $10 billion JEDI cloud computing contract with Microsoft has been canceled, and the tech giant will be joined by Amazon.com in a new award. The US Defense Department…