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

Wall Street closed higher after Powell’s testimony eased investor concerns

Powell says the economy can resist Fed tightening, Omicron IBM down after UBS downgrade to “sell” Las Vegas Sands skips JPM update Rising Indices: Dow 0.51%, S&P 0.92%, Nasdaq 1.41% 11 Jan (Reuters) – US stock indices gained ground Tuesday with the Nasdaq leading the way as investors were relieved that Federal Reserve Chairman Jerome … 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

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

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