Retailers Pummelled by Trump’s Trade War Entertain More ‘Take-Private’ Offers President Trump’s trade war policies have sent shockwaves through the global economy, leaving no industry untouched. In particular, publicly traded retailers have found themselves in the crosshairs of this economic turmoil, grappling with the impact of tariffs and market volatility. As a result, many of […]
Crypto ownership drops in Singapore
Crypto Ownership Drops in Singapore: Investors Flock to Safer Assets A recent survey has shed light on a significant trend in Singapore’s investment landscape: the decline in crypto ownership. As global markets continue to navigate through uncertainty, investors in the city-state are increasingly turning away from digital currencies and towards safer assets such as cash […]
Bitcoin hits all-time high above $111K
Bitcoin Hits All-Time High Above $111K Bitcoin, the leading cryptocurrency, has recently surged to an all-time high above $111,000. This milestone has once again brought the spotlight back on the digital currency, showcasing its potential as a lucrative investment option in the ever-changing financial landscape. One of the key drivers behind this recent surge in […]
American Eagle Withdraws Annual Targets, Writes Down Spring, Summer Inventory
American Eagle Withdraws Annual Targets, Writes Down Spring, Summer Inventory American Eagle Outfitters Inc. recently made a significant announcement that sent ripples through the retail industry. The popular apparel maker has decided to withdraw its annual targets due to the unprecedented challenges posed by the ongoing global pandemic. In addition to this strategic shift, the […]
Xapo Bank introduces Bitcoin-backed loans for long-term holders
Xapo Bank Introduces Bitcoin-Backed Loans for Long-Term Holders Bitcoin investors are increasingly choosing loans over selling their holdings, as institutional adoption and long-term confidence grow. This shift in strategy comes as Xapo Bank introduces a groundbreaking financial product: Bitcoin-backed loans for long-term holders. With the rising institutional adoption of Bitcoin and the growing confidence in […]
Long-dormant Bitcoin wallets awaken, moving $322M in BTC
Long-dormant Bitcoin wallets awaken, moving $322M in BTC In the ever-changing landscape of the cryptocurrency world, recent developments have caught the attention of investors and enthusiasts alike. A total of 3,421 BTC, equivalent to a staggering $322 million, linked to the infamous Silk Road marketplace, have been on the move. These funds were transferred from […]
Shein’s London IPO Stalled Amid US Tariff Fallout
Shein’s London IPO Stalled Amid US Tariff Fallout Shein, the fast-fashion giant known for its trendy and affordable clothing, has hit a roadblock in its plans to go public. Progress on the company’s initial public offering (IPO) for a listing in London has come to a halt, according to a report by Bloomberg. The reason […]
Saks Bonds Plunge as Investor Update Deepens Cash Concerns
Saks Bonds Plunge as Investor Update Deepens Cash Concerns Saks Global, a prominent player in the retail industry, recently experienced a significant drop in its bond prices following an investor update that failed to alleviate concerns about its financial stability. The company’s bonds took a hit after a call with management that did little to […]
EU issues renewed warning over crypto risks
EU Raises Concerns Over Crypto Risks: Is Financial Stability at Stake? In a recent development, Natasha Cazenave, a prominent figure at the European Securities and Markets Authority (ESMA), has sounded the alarm on the risks associated with cryptocurrencies. Despite the fact that over 95% of banks in the European Union are steering clear of crypto […]
Retail stocks slump after tariff shock
Retail Giants Take a Hit as Nike Stock Plummets Over 6% Due to Tariff Targeting Chinese and Vietnamese Goods In the fast-paced world of retail, even the most established companies are not immune to sudden market shifts. Recently, retail stocks took a significant hit as tariffs zeroed in on products manufactured in China and Vietnam, […]