Tag Archives: Markets

Crypto broker Genesis slashes 20% of workforce and announces CEO exit

Michael Moro, chief executive officer of Genesis, pauses as he speaks during the Bitcoin Conference 2022 in Miami Beach, Florida, April 6, 2022. Marco Bello | Reuters Digital asset brokerage Genesis said on Wednesday that CEO Michael Moro is stepping down and the company is slashing 20% of its workforce, …

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Manchester United shares rise after Elon Musk jokes about buying the club

Shares of the English soccer club Manchester United Plc briefly rose by as much as 17% in premarket trading on Wednesday, after Elon Musk jokingly tweeted “Also, I’m buying Manchester United ur welcome.” Photo by Catherine Ivill/Getty Images Shares of the English soccer club Manchester United briefly rose by as …

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CNBC Chairman Mark Hoffman to step down in September

Mark Hoffman, Chairman of CNBC Mark Hoffman, CNBC’s president since 2005 and chairman since 2015, announced Tuesday he will step down on Sept. 12. CNBC is one of NBCUniversal’s most consistently profitable assets, even as millions of Americans drop linear cable TV subscriptions each year. Hoffman, 65, has increased profitability …

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New York Times stock jumps on ValueAct 6.7% stake

The New York Times building Jonathan Torgovnik | Getty Images Activist investor ValueAct has built a 6.7% stake in the New York Times, according to an SEC filing out Thursday, sending shares of the media company up around 10% in afternoon trading. “We are aware that ValueAct has made an …

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BlackRock launches a private trust to give clients exposure to spot bitcoin

Larry Fink, chief executive officer of BlackRock Inc., gestures while speaking at the Handelsblatt Banking Summit in Frankfurt, Germany, on Wednesday, Sept. 4, 2019. Alex Kraus | Bloomberg | Getty Images BlackRock has launched a private trust offering institutional clients in the U.S. direct exposure to bitcoin. The largest asset …

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Ether (ETH) price surges after ethereum completes final testnet merge

Omar Marques | LightRocket | Getty Images Ether soared to a two-month high after developers successfully completed a final dress rehearsal for a pivotal upgrade expected to happen next month. The world’s second-biggest cryptocurrency climbed as high as $1,927 on Thursday, marking its highest level since early June, according to …

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Hackers have stolen $1.4 billion this year using crypto bridges

Mining the Worlds Second-most-valuable Cryptocurrency at Evobits I.T SRL An engineer inspects Sapphire Technology Ltd. AMD graphics processing units (GPU) at the Evobits crypto farm in Cluj-Napoca, Romania, on Wednesday, Jan. 22, 2021. The worlds second-most-valuable cryptocurrency, Ethereum, rallied 75% this year, outpacing its larger rival Bitcoin. Photographer: Akos Stiller/Bloomberg …

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Losses climb 50%, firm to exit Netherlands

A Deliveroo rider near Victoria station on March 31, 2021 in London, England. Dan Kitwood | Getty Images Losses at British meal delivery firm Deliveroo swelled in the first half of 2022 while revenue growth slowed dramatically, as the disappearance of pandemic restrictions and a rise in the cost of …

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Microsoft Xbox, Sony PlayStation, Nintendo: Video game earnings round-up

A gamer plays on Sony’s Playstation 5 console at his home in Seoul. Yelim Lee | AFP via Getty Images The giants of the video game world saw their sales slide in the second quarter, as initial tailwinds from the Covid pandemic faded. In the three months ended June, Microsoft, …

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Uber and Lyft stocks had their best week ever

Air travelers wait in the ride share lot near a sign for Uber at Los Angeles International Airport (LAX) on August 20, 2020 in Los Angeles, California. Mario Tama | Getty Images Shares of gig economy companies Uber, Lyft, DoorDash and Airbnb popped this week after the companies posted quarterly …

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