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Category: FINANCE

Posted on 12/07/2023

Atlantic Equities downgrades Coinbase after rally, cites weak crypto volume

It's time to step to the sidelines on Coinbase after its recent rally, according to Atlantic Equities. Analyst Simon Clinch downgraded Coinbase to neutral, but raised his price target, following the ...

Posted on 12/07/2023

Feds Charge NYC Man With Hacking Decentralized Crypto Exchange And Stealing $9 Million—In First-Of-Its-Kind Case

The U.S. Attorney’s Office of the Southern District of New York says a professional security engineer manipulated a smart contract to defraud a Solana blockchain exchange out of $9 million.

Posted on 12/07/2023

SoftBank’s Arm in talks to bring Nvidia as anchor investor in IPO – report

Ahead of Softbank-owned Arm's (ARMHF) initial public offering this year, the U.K. chip designer is in talks to bring in Nvidia (NASDAQ:NVDA) as a potential anchor investor, the Financial ...

Posted on 12/07/2023

Japan steelmaker JFE says Tesla-pioneered tech poses ‘very big problem’ for it

Japan's second-biggest steelmaker JFE Holdings Inc sees usage of technology known as 'Gigacasting' as a risk to the company's business as it could lead to reduction of steel usage, its President Koji ...

Posted on 12/07/2023

Japan stocks lower at close of trade; Nikkei 225 down 0.81%

Japan stocks were lower after the close on Wednesday, as losses in the Precision Instruments, Power and Pharmaceutical Industry sectors led shares lower. At the close in Tokyo, the Nikkei 225 declined ...

Posted on 12/07/2023

Japan’s Nikkei dips to 1-month low as yen gets stronger

The 225-issue Nikkei Stock Average dropped 259.64 points, or 0.81 percent, to finish at 31,943.93, the lowest closing since June 8. The broader Topix index, meanwhile, closed 14.92 points, or 0.67 ...

Posted on 12/07/2023

Chip Designer Arm in Talks With Nvidia to Anchor IPO, FT Says

Arm Ltd., the chip designer backed by SoftBank Group Corp., is in talks with Nvidia Corp. to join a group of potential investors to anchor its initial public offering, according to the Financial Times ...

Posted on 12/07/2023

Nikkei hits one-month low as yen strength weighs

Japanese shares were the worst performers across Asia on Wednesday, with the Nikkei sliding to a one-month low as a sharply rising yen put brakes on a long rally and added to market nerves ahead of U.

Posted on 12/07/2023

Japan’s Sumitomo Mitsui launches US digital bank

Sumitomo Mitsui Financial Group has launched a digital banking service in the United States, as Japan's number two lender aims to tap growth in the U.S. consumer banking market, a bank executive said ...

Posted on 12/07/2023

Naomi Osaka welcomes 1st child with boyfriend Cordae

Naomi Osaka is now a mom. On July 11, a source close to the 25-year-old tennis star confirmed to TODAY.com that she welcomed her first child, a baby girl, with boyfriend and rapper Cordae, also 25.

Posted on 12/07/2023

Winklevoss twins sue Stamford-based crypto conglomerate Digital Currency Group

STAMFORD — Embattled cryptocurrency conglomerate Digital Currency Group and its founder and CEO, Barry Silbert, have been sued for alleged fraud by Gemini, the crypto platform founded by Greenwich natives Cameron and Tyler Winklevoss — litigation that escalates a months-long dispute about a failed lending program.

Posted on 12/07/2023

Japanese banks accused of ‘gender-washing’ over women in management

Among the regional banks, Niigata-based Daishi Hokuetsu Bank, The Senshu Ikeda Bank in Osaka and The Hyakujushi Bank based in Kagawa prefecture disclosed in June that more than 20 per cent of women ...

Posted on 12/07/2023

Naomi Osaka Has Given Birth to Her First Child

Tennis superstar Naomi Osaka is officially a mother. People reported that the 25-year-old athlete welcomed her first child, a baby girl, with her boyfriend Cordae.

Posted on 12/07/2023

The U.S. Used Potent Global Surveillance Power To Track Russians In $4 Billion Crypto Exchange Investigation

Four men accused of laundering funds from the epic Mt. Gox crypto hack of 2014 were watched for over a year in an unprecedented use of a U.S. surveillance power.

Posted on 12/07/2023

BlockFi Settles With Management Over Crypto Lender’s Collapse

BlockFi Inc.’s past business with FTX appeared legitimate and gave management no reason to worry about lending to Sam Bankman-Fried’s crypto platform before it melted down amid allegations of fraud last year,

Posted on 12/07/2023

Naomi Osaka And Boyfriend Cordae Welcome A Baby Girl

The four-time Grand Slam singles champion gave birth to the bundle of joy in a Los Angeles hospital room, and both are doing well, a source tells People.

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