Crypto.com Under Fire for Minting $5 Billion in CRO Crypto.com, a leading cryptocurrency exchange, has recently come under intense scrutiny for minting a staggering $5 billion worth of its native token, CRO. While the exchange has maintained that it is financially robust, the lack of updated audits being released has raised concerns among investors about […]
Consumers Are Still Spending, but Retailers Are Bracing for Impact
In an intriguing twist, U.S. consumers are continuing to open their wallets, but many major retailers are now cautioning against a potentially rocky financial landscape ahead. As reported, companies like Gap, Foot Locker, and Abercrombie & Fitch have disclosed surprisingly strong sales figures in the second quarter. However, their wary outlooks suggest that they anticipate […]
This Week: Retail Earnings Get Messy
This week, retail giants such as Gap, Abercrombie, and Lululemon are revealing their earnings amid rising anxiety about a slowdown in consumer spending. The retail sector is navigating tempestuous waters, as reports show a concerning trend of weaker sales, adjusted year-end forecasts, and expectations for more aggressive discounting strategies. Recent performance by companies like Macy’s […]