Crypto exchange Luno cuts 20% of staff amid automation push and retail trading slumps
The DCGowned company previously cut 35% of staff in January 2023 citing tough market conditions. Source：CoinDesk
The World Cup winners wore Adidas shirts. But the company’s investors are still crying foul.
The sportswear company’s stock declined 17% after it reported a 30% hike in marketing expenditure. Source：MarketWatch
My friend and her husband own extensive real estate. How can her children from a previous marriage get their fair share?
“Her husband is open to a trust, but he wants to be the administrator.” Source：MarketWatch
‘The View’ Host Joy Behar finally finds a buyer for $7 million Hamptons home after 2 years
“The View” host Joy Behar has found a buyer for her longtime Hamptons residence—nearly two years after the elegant dwelling was first brought to the market.…
Live updates: Bitcoin holds near $64,000 as Microsoft's AI payoff lifts stocks
S&P 500 futures gained 0.2% and Nasdaq 100 contracts rose 0.4% after the index had slipped into a correction, with Microsoft up 8% in premarket after its cloud…
Samsung delivers record-setting profits, but the shares still can’t catch a break from investors.
Although supply constraints are still severe and demand for its memory chips relentless, there is still skepticism among investors about the longevity of the…
Investors are overlooking healthcare stocks and should consider these top picks, says JPMorgan
Eli Lilly, AbbVie and Danaher Corporation are among the bank’s top picks for stocks in the sector. Source：MarketWatch
Why the USO oil ETF is a better buy than crude futures as the Iran war rages
The United States Oil Fund has climbed by 58% since the start of the Iran war, more than double the gain of WTI crude futures. Source：MarketWatch
Chipotle lifts its sales forecast even as a lettuce-linked outbreak slows foot traffic
Mexican fastcasual chain acknowledged ‘softening’ traffic in the second half of July, but it’s taking a rosier view of its fullyear prospects.…
Stocks and bonds see wild ‘Fed Day’ swings as Wall Street’s ‘crash cushion’ evaporates
Major equity indexes put in their worst “Fed Day” performance since December 2024, while the yield on the 30year bond shot higher. Source：MarketWatch
Binance.US to attempt prediction markets entry as CFTC-licensed entity, says CEO
The CEO of the US crypto exchange said that the company would apply for a license with the CFTC in August allowing it to offer prediction markets.…
Bond market is calling Warsh’s bluff on inflation fight as yields surge
The yield on the 30year Treasury bond touched its highest level since 2007 during Warsh’s press conference. Source：MarketWatch