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Hong Kong Is Expected To Approve Its First Spot Bitcoin ETFs In April – Reports 04/14/2024

US Consumer Confidence Declines As Predictions For Inflation Rise 04/14/2024

According To S&P, China's Fiscal Stimulus Is Becoming Less Effective 04/19/2024

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Business & Finance

US restaurants are experiencing the worst crisis since 2009

The restaurant industry in the US keeps showing extremely weak results, while a constant decline in indicators can signal serious problems in the consumer sector of the world's largest economy. According to a recent study by Black Box Intelligence, comparable sales in July fell by 2.8%, and traffic...

Blue Apron can't invent a recipe of success

Blue Apron has reported for the second quarter - its first report as a public company. It turned out that the food delivery service is in a rather difficult situation. Sales were higher, and marketing costs were lower than Wall Street analysts had expected. American company Blue Apron offers...

Sources Say Despite Risks, New York Favored By Saudi Arabia For Aramco Listing

Even though some financial and legal advisers have recommended London as a less problematic and risky option, Saudi Arabia favors New York for the main foreign listing of state oil giant Aramco, reported Reuter quoting sources. Crown Prince Mohammad bin Salman - or MbS as he is known - who...

Toshiba to sell its key business

Japanese corporation Toshiba has concentrated on sale of its memory chips manufacture, the key business of the company. The seller resumed negotiations with Taiwanese Foxconn Technology and Western Digital hard disk manufacturer. Also, the Japanese concern continues to discuss the sale of part of...

Tesla Wants To Test Self-Driving Tech For Semi-Truck In Nevada, A Technology That Is Developing: Reuters

Tesla Inc is getting closer to testing a prototype for a long-haul, electric semi-truck that can automatically follow a lead vehicle and move in "platoons" while driving itself, reported global news agency Reuters quoting an email discussion of potential road tests between the car company and the...

Crypto-Bubble Fears Stirred By Buoyant Bitcoin

Virtually as big as Goldman Sachs and Royal Bank of Scotland combined, bitcoin and other "cryptocurrencies" are big money. Dragging up the value of hundreds of newer, smaller digital rivals in its wake as the price of a single bitcoin hit an all-time high of above $3,500 this week. But...

Deutsche Börse is preparing Plan B while its CEO is being investigated

Deutsche Boerse is already developing a plan of action in case its chief executive director, Carsten Kengeter, who is being investigated, will have to resign. This is reported by German newspaper WirtschaftsWoche. According to the newspaper, Karsten's position in case of his dismissal may be...

Vantiv to purchase Worldpay for $ 10.4 billion

American processing company Vantiv Inc. agreed to buy Worldpay Group Plc, the operator of the largest UK payment system, for 8 billion pounds ($ 10.4 billion), reports Bloomberg. Worldpay’s cost of under the transaction is estimated at 397 pence per share. Upon completion of the transaction, the...

Major Integrated Services Contract Clinched By Baker Hughes: Reuters

Contract for development Papua New Guinea's first offshore gas field which is seen as a new model to help producers adapt to a world of low oil prices, related to a wide range of services to be provided has been won by Baker Hughes, a GE Company. Traditionally, a company awards various...

Heat Turned Up On Generic Drugmaker Deals By Wal-Mart, Walgreens, CVS

Accelerating a decline in prices likely to affect drug companies for some time, more leverage when buying generic drugs is being leveraged by the largest U.S. retail pharmacies, including Wal-Mart Stores Inc and Walgreens Boots Alliance Inc., sources reportedly told the media. The efforts...