Tech Stocks Could Decline Further as Economy Recovers, Says Deutsche Bank
Tech stocks could still decline further as the economy recovers from the coronavirus disease 2019 pandemic, Markets Insider reported. According to Deutsche Bank, the sell-off in tech stocks is more...
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Court Sides With Ripple, Blocks SEC From Firm’s Legal Communications
A New York Court has blocked the Securities and Exchange Commission from gaining access to Ripple Labs Inc.'s discussions with its lawyers, CoinTelegraph reported. A ruling by Magistrate Judge Sarah...
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China PMI Stabilizes in May to Signal a Possible Peak in Second Quarter
China's factory sector turned in its best in three months, a preliminary HSBC survey showed on Tuesday (23 June 2015), though overall manufacturing activity still contracted slightly. The HSBC flash...
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Cannabis Farm Raid In U.K. Leads To Bitcoin Mine Discovery
West Midlands Police were expecting to find a cannabis farm in a unit in Birmingham but instead found a massive Bitcoin mine, according to CNBC. Police said they received reports...
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Australian Tax Office Orders Over 400,000 Crypto Investors to Open Books
Crypto investors in Australia were ordered to open their books to regulators or risk facing charges, Markets Insider reported. The ATO will go after some 400,000 investors this year to...
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Biden To Unveil $6-Trillion Spending Proposal on Friday
On Friday Joe Biden is set to release a proposal that would boost federal spending to $6 trillion in the coming fiscal year, WSJ reported. The proposals indicate that spending...
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Ripple Chief Says IPO Will Have To Wait Until SEC Lawsuit Over
Ripple Labs Inc. Chief Executive Officer Brad Garlinghouse said an initial public offering is on the table and highly likely, according to Markets Insider. Garlinghouse said the possibility of Ripple...
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Data Cloud Firm Snowflake Widens Net Loss To $203 Million
Data warehousing firm Snowflake Inc. widened its net loss in the first quarter of the year even as revenue posted a triple-digit climb, according to BusinessWire. First-quarter net loss stood...
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Chia Network Eyes 2021 IPO As Valuation Hits $500 Million
Blockchain platform Chia Network Inc. is planning to go public as soon as this year after more than doubling its valuation in its last fundraising, according to Fortune. President and...
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How Bitcoin Mining Is Softening The Blow Of U.S. Sanctions On Iran
Iran has turned to crypto mining as a lifeline to temper the effects of the sanctions imposed by the United States, Independent reported. According to Elliptic, Iran now accounts for...
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Cathie Wood Says Rotation To Value Stocks Will Be More Evident Next Six Months
ARK Invest Chief Cathie Wood believes the rotation from growth into value stocks will become more apparent in the next six months, Seeking Alpha reported. In a note, Wood said...
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Federal Reserve Officials Reiterate Belief That Inflation Uptick Is Temporary
Officials of the U.S. Federal Reserve believe inflation could see an uptick in the coming months but reiterated that this is temporary, according to Bloomberg Quint. Governor Lael Brainard said...
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