Why Higher Interest Rates Are Unlikely to Translate to Higher Gains for Deposits
The anticipated increase in interest rates will not necessarily reflect higher gains for depositors, WSJ reported. Banks do not have a lot of motive to increase the interest paid on...
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Cryptocurrencies to Pave Way for Future Generation of Billionaires
Cryptocurrencies will open doors for a new generation of billionaires, according to a Be In Crypto report. Studies suggest that cryptocurrency users will grow at a faster pace than the...
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Twilio Tops Earnings Expectations, Records Further Revenue Growth in Q4
Twilio Inc, a San-Francisco-based cloud communications platform, saw its shares soar 20% after Q4 results topped estimates, according to a news release by Twilio on Wednesday. Q4 revenue expanded 54%...
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FLOW Tokens Jumped 11% After Getting Olympics Winter Games License
Flow’s FLOW tokens soared as a new, licensed mobile game about the ongoing Olympics Winter games was unveiled on the network, according to a report by CoinDesk on Thursday. nWayPlay’s...
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MSCI to Include Grab and Other 20 Securities to Primary Global Index
MSCI set to add Singaporean rider hailer Grab and 20 other stocks to its primary global index in a quarterly review, according to a report by MSCI on Wednesday. Eleven...
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SEC Eyes Stricter Reporting Rules for Private Equity, Hedge Funds
The US Securities and Exchange Commission is looking to mandate hedge funds and private equity firms to report their quarterly performance and fees implemented on investors, FT reported. The SEC...
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KFC, Taco Bell Operator Bottom Line Soars 74% in 2021
KFC and Taco Bell operator Yum! Brands Inc. posted a 74% increase in its net income for 2021 despite a decline in the last quarter of the year, the company...
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EQONEX Launches Bitcoin Dated Futures Offering
Cryptocurrency exchange EQONEX has rolled out Bitcoin Dated Futures with physical settlement in line with its product expansion efforts, the company announced in a statement. The offering will allow users...
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Bitcoin Trades More as Risk Asset as Bitcoin, US Stocks Move Together — BofA
Bank of America analysts stated that Bitcoin has traded increasingly as a risk asset rather than a perfect hold as an inflation hedge, according to a report by CoinDesk on...
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Alchemy Breaches Decacorn Status After Latest Funding Round
Web 3.0 development platform Alchemy has breached decacorn status after a $200-million funding round, Coin Telegraph reported. Alchemy’s latest funding round was attended by major investors who already backed its...
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Morgan Stanley Strategists Advice Investors to Maintain a Defensive Stance on Equities
Morgan Stanley expects US equities to decline further, and investors should hold a defensive position, according to a report by Markets Insider on Monday. Bank strategists, led by Michael Wilson,...
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Pfizer Earnings Surpass Estimates, Revenue Misses Target in Q4
Pfizer posted fourth-quarter earnings that topped analysts' estimates, but revenue fell short of expectations, according to a press release by Pfizer on Tuesday. Pfizer reported earnings per share of $1.08...
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