A blog post from Shiba Inu gives an update on ecosystem developments per ‘Riyoshi’s Vision.’ Riyoshi is the project’s anonymous founder who claims to hold 0 $SHIB tokens, as doing so would affect his judgment and decision-making. Riyoshi’s Vision was first set out in a Medium article posted in May 2021, approximately five months before $SHIB hit its all-time […]
The dominant player in India’s life insurance market, Life Insurance Corporation, opens its initial public offering for subscription Wednesday in the country’s largest-ever IPO. The government is selling a 3.5% stake in state-owned insurance behemoth LIC for an estimated $2.74 billion. The corporation will offer about 22.13 million shares for between 902 and 949 Indian […]
The retail trading platform Robinhood Markets Inc., which went through a hyper-growth period boosted by the meme stock frenzy during the COVID-19 pandemic, is experiencing a pullback. The company is laying off about 9% of its full-time employees. The news sent shares down 5% in extended trading. READ: Canadian DB Pension Plans Return -6.4% During Heightened Volatility […]
The median Canadian defined benefit pension plan experienced a pullback in investment returns during the first quarter of 2022, returning negative 6.4 per cent as markets entered a heightened period of uncertainty, according to new a new report by Northern Trust Canada. The report, which tracks the performance of Canadian DB plans that subscribe to […]
Coca-Cola on Monday reported quarterly earnings that topped analysts’ expectations as consumers drank more of its namesake soda, Powerade and Costa coffee. But CEO James Quincey told CNBC’s Sara Eisen that despite the strong quarter, there are “storm clouds” on the horizon. The company largely weathered inflationary challenges during the first quarter and maintained its outlook. Here’s what […]
Tech giants including Apple Inc., AAPL -2.78% Amazon. AMZN -2.66% com Inc. and Microsoft Corp. MSFT -2.41% are among the companies headlining a busy earnings week that comes as investors weigh concerns over rising interest rates, the Russian invasion of Ukraine and surging costs. Overall, about a third of the S&P 500 and nearly half of the Dow Jones Industrial Average are expected to provide their quarterly updates during the […]
Three months ago hedge fund manager William Ackman cheered when Netflix’s stock price suddenly dropped, buying up 3 million shares as other investors fretted over weak subscriber growth at the streaming company. On Tuesday, the billionaire investor’s hedge fund, Pershing Square Capital Management, was likely nursing losses as Netflix shares tumbled 26% in after-hours […]
Asian shares fell in muted trading as markets were closed for Good Friday and other holidays. Benchmarks declined in Tokyo, Seoul and Shanghai. Sydney, Manila, Bangkok and Hong Kong were among markets observing holidays on Friday. U.S. and European markets also were closed. Shutdowns in major Chinese cities due to coronavirus outbreaks and the war […]
Over the past two years, small businesses have been dealt blow after blow. For 27th Letter book store in Southwest Detroit, it wasn’t the pandemic that closed its doors last June, it was a power outage. “The first one we experience was during the flooding event at the end of June,” said 27th Letter Books […]
Shares of Veru ( VERU 42.86% ) surged 43% on Wednesday, following positive analyst commentary. On Monday, Veru reported that a between time investigation of a stage 3 review showed that its oral antiviral-drug competitor sabizabulin cut passings in hospitalized patients with moderate to extreme COVID-19 by 55%. The biopharmaceutical organization said it would look for Emergency Use Authorization (EUA) from […]