Binance, the world’s largest cryptocurrency exchange by trading volume, has announced the delisting of five spot trading pairs, set to take effect on February 17, 2025, at 6:00 a.m. UTC. The affected pairs—HMSTR/FDUSD, SAGA/BTC, ILV/BTC, LTO/BTC, and MDT/BTC—will be removed as part of Binance’s routine market monitoring process, which aims…
SoftBank Group reported a surprise quarterly loss of 369.17 billion yen ($2.4 billion) for the three months ended Dec. 31, 2024, missing analyst expectations. The decline was primarily driven by losses in its Vision Funds, which saw investments drop 352.75 billion yen in the quarter, reversing gains from the previous…
Online shopping giants Temu and Shein have experienced a sustained decline in US sales following President Donald Trump’s announcement to revoke the duty-free exemption on small parcels under $800 from China. The move, which affects the majority of their shipments, appears to have dampened demand among American consumers accustomed to…
According to a Fortune report, inflation has reshaped consumer spending in the US, but one sector where prices have defied expectations is air travel. Despite a general rise in living costs, airfare remains relatively inexpensive, especially when adjusted for inflation. Over the past two decades, ticket prices have fallen by…
DraftKings stock price has done well this year. DKNG has jumped in the last seven consecutive weeks to a high of $44, its highest point since December 9. It has jumped by over 335% from its lowest level in 2022, giving it a market cap of over $20 billion. So,…
Heineken’s shares jumped 12% on Wednesday after the Dutch brewing giant delivered better-than-expected profit growth, announced a €1.5 billion share buyback program, and provided an optimistic outlook for the coming year. The world’s second-largest brewer reported an 8.3% organic rise in annual operating profit before exceptional items and amortization, exceeding…
In January, the Broad National Consumer Price Index (IPCA), Brazil’s official inflation measure, rose only 0.16% month-on-month, according to the Brazilian Institute of Geography and Statistics (IBGE). On February 11, the number reduced to 0.16% from 0.52% in December, following a 0.36 share reduction and exceeding BCB’s estimates. The rate stayed…
Federal Reserve Chair Jerome Powell emphasized a cautious approach to interest rate adjustments on Tuesday, citing persistent inflation and continued economic resilience. In prepared remarks for his testimony before the Senate Banking Committee, Powell signaled that the central bank sees no urgency to alter its current stance. “With our policy…
President Donald Trump has reignited global trade tensions by imposing 25% tariffs on imported steel and aluminum, triggering an immediate backlash from major economies. The European Union, China, and North American allies are already preparing to respond, and concerns about a renewed trade war are rising yet again. Trump’s goal…
Chinese technology stocks have entered a bull market, with the Hang Seng Tech index surging more than 25% from its January low. The sharp rally follows a renewed wave of investor optimism, driven in part by DeepSeek’s artificial intelligence breakthrough, which has shifted global perceptions about China’s technological capabilities. The…