Citigroup’s findings show that restructuring has its costs

The Citi bank logo is pictured in an exhibition hall in Bangkok, Thailand on May 12, 2016. REUTERS / Athit Perawongmetha Register now for FREE unlimited access to Reuters.com Sign in Jan 14 (Reuters) – Citigroup Inc (CN) showed some of the financial bruises needed for its current restructuring, posting a 26% drop in fourth-quarter … Read more

Analysis: Crypto companies are betting that the new mayor will make New York a hub of digital assets

Jan 12 (Reuters) – With American cities like Miami and Austin trying to woo digital asset companies, John Wu wasn’t sure whether to make New York City the permanent home of his cryptocurrency and blockchain start-up Ava Labs – until until Eric Adams was elected mayor in November. Wu said the election of Adams, a … Read more

Analysis: Buy the rebound? Investors look at valuations, technical levels to decide

A trader looks at his chart as he works on the floor of the New York Stock Exchange on July 8, 2014. REUTERS / Brendan McDermid / file Photo Register now for FREE unlimited access to Reuters.com Sign in NEW YORK, Jan 12 (Reuters) – As equities attempt to recover from a brutal sell-off, investors … Read more

Time to Buy: Retail investors take a dive when stocks falter

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, USA, January 10, 2022. REUTERS / Brendan McDermid / File Photo Register now for FREE unlimited access to Reuters.com Sign in NEW YORK, Jan 12 (Reuters) – US retail investors have been falling buyers so far in 2022, grabbing … Read more

NFT sales hit $ 25 billion in 2021, but growth is showing signs of slowing

LONDON, Jan 10 (Reuters) – From cartoon monkeys to video clips, sales of NFTs hit around $ 25 billion in 2021 as the speculative crypto asset gained popularity, data from market follower DappRadar shows, though there were signs of a slowdown in growth towards the end of the year. The prices of some non-fungible tokens, … Read more

Asian equities, dollar hunt as investors watch Fed policy

Pedestrians wearing face masks walk near an overpass with an electronic card showing stock information, following a coronavirus disease (COVID-19) outbreak, in Lujiazui Financial District in Shanghai, China, 17 March 2020. REUTERS / Aly Song Register now for FREE unlimited access to Reuters.com Sign in Asian equity markets: Nikkei down 0.9%, trading resumes after the … Read more

Equities fall further as the rise in US yield unnerves investors

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, USA, January 10, 2022. REUTERS / Brendan McDermid Register now for FREE unlimited access to Reuters.com Sign in Global equities stumble as the more aggressive Fed is squinting 10-year US Treasury yield hits 1.8% Dollar stuck in range despite … Read more

The power of the Bitcoin network collapses as Kazakhstan’s crackdown hits cryptocurrency miners

Bitcoin’s “hashrate” drops after internet shuts down in Kazakhstan Country that accounted for 18% of bitcoin’s global output power in August The share has risen sharply after China’s crackdown Kazakhstan shuts down the internet after deadly protests LONDON, Jan. 6 (Reuters) – The bitcoin network’s global computing power dropped dramatically when Kazakhstan’s internet shutdown this … Read more

Wall Street will find ways to satisfy cryptocurrency envy

A street sign for Wall Street is seen outside the New York Stock Exchange (NYSE) in New York City, New York, United States, July 19, 2021. REUTERS / Andrew Kelly – RC2UNO93ID0I Register now for FREE unlimited access to Reuters.com Sign in WASHINGTON, Jan.2 (Reuters Breakingviews) – Banks are preparing to enter the cryptocurrency craze … Read more

The EU proposes a plan to label gas and nuclear investments green

Steam rises from the cooling towers of the Electricite de France (EDF) nuclear power plant in Belleville-sur-Loire, France, 12 October 2021. REUTERS / Benoit Tessier Register now for FREE unlimited access to Reuters.com Sign in European Commission that develops rules for green investments The draft proposal labels nuclear, some gas plants as green Countries disagree … Read more