Facebook’s ambitious effort to bring cryptocurrency to the masses has failed. The Diem Association, the consortium Facebook founded in 2019 to build a futuristic payments network, is winding down and selling its technology to a…
Deutsche Bank posts a surprise profit on strong…
LONDON — Deutsche Bank on Thursday defied market expectations to post a profit for the fourth quarter of 2021, as investment bank revenues rose.The German lender said profit attributable to shareholders came in at 145…
IMF sees potential for further market turbulence as…
The International Monetary Fund has warned of further turbulence ahead for financial markets, particularly as governments around the world shift gears into recovery mode.Central banks' moves to tighten monetary policy and curb rising inflation could…
Samsung sets revenue records with stronger product sales…
Samsung Electronics broke both its quarterly and annual records for revenue in the fourth quarter of 2021, making 13.87 trillion won (~$11.5 billion) in operating profit off 76.57 trillion won (~$63.6 billion) in revenue in…
European markets set to plummet at the open…
LONDON — European stocks are expected to plunge at the open on Thursday as global markets react badly to the latest monetary policy decision from the U.S. Federal Reserve.The U.K.'s FTSE index is expected to…
Facebook’s Cryptocurrency Venture to Wind Down, Sell Assets…
Facebook’s ambitious effort to bring cryptocurrency to the masses has failed. The Diem Association, the consortium Facebook founded in 2019 to build a futuristic payments network, is winding down and selling its technology to a…
Futures Fall After Hawkish Fed Wipes Out Big…
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Wall Street gains evaporate, S&P 500 ends lower…
Tesla down in after-market trading after resultsMarkets gyrate in closing minutes after Powell Q&AMattel up on winning back Disney Princess license from HasbroIndexes: Dow off 0.38%, S&P down 0.15%, Nasdaq up 0.02%NEW YORK, Jan 26…