Russia’s position on cryptocurrencies has undergone a significant shift in recent years, moving from strict opposition to a more nuanced and strategic approach. Once advocating a total ban on digital assets, the Bank of Russia is now proposing a regulatory framework that would permit wealthy individuals to invest in cryptocurrencies.…
Citi’s confidence in FedEx Corp (NYSE: FDX) remains unfazed even though the logistics giant reported disappointing earnings and guided for continued weakness ahead.Its analyst Ariel Rosa dubbed the post-earnings decline in FDX a “buying opportunity” in a CNBC interview this morning, adding it’s a “cheap stock” to own at current…
Brazil’s Brava Energia reported a surprising pro-forma net loss of R$1.02 billion in the fourth quarter of 2024, a considerable drop from the R$474.7 million profit earned in the same period in 2023. This outcome has raised concerns among investors and experts alike, particularly because it is well above market…
A year into his tenure as Wendy’s (WEN) CEO, Kirk Tanner is looking beyond the iconic square burger to inject new energy into the 55-year-old restaurant chain. In an increasingly competitive fast-food landscape, Tanner is betting on a multi-pronged strategy that combines enticing menu additions with cutting-edge technology to reinvigorate…
In a momentous event for the global energy business, Saudi Aramco, Saudi Arabia’s state-owned oil company, has bought Primax, a major fuel distributor in Peru, Colombia, and Ecuador. This deal, announced by the Peruvian business publication Gestión, represents the Arab firm’s second strategic entry into the South American market.According to…
The Bank of Russia held its key interest rate at 21% on Friday, as expected, and signaled that further hikes remain a possibility if inflation does not decline fast enough.The central bank cited high but easing inflationary pressures, emphasizing that current monetary conditions are necessary to bring inflation down to…
After an initial wave of optimism following the Federal Reserve’s indication of potential rate cuts in 2025, Wall Street’s attention has quickly shifted back to the persistent headwinds that have been troubling the market: the looming threat of tariffs and the potential risks associated with the booming, but perhaps overhyped,…
The US Treasury Department on Friday lifted economic sanctions against Tornado Cash, a cryptocurrency mixing service that had been accused of enabling illicit financial activities, including money laundering for North Korean hackers. The move follows a legal challenge from cryptocurrency advocates and a court ruling that found the sanctions exceeded…
LATAM’s cryptocurrency landscape continues to grow.This week’s highlights come from Argentina, which recently granted Crypto.com operating approval. Meanwhile, Hellium installed 100 mobile hotspots in Mexico.The National Securities Commission (CNV) of Argentina has approved Crypto.com to operate as a Virtual Asset Service Provider (VASP), according to their official website. This achievement…
During his campaign, presidential candidate Donald Trump has put forward a proposition that could drastically alter the financial landscape for millions of Americans: the elimination of taxes on tips. While the concept of allowing service workers to keep more of their earnings sounds appealing on the surface, economists and policy…