HSBC is joining the list of banks this year shedding thousands of jobs as it has plans to lay off 10,000 people from the bank. Sources who had been briefed on the bank’s plans told the that the headcount at the bank would be reduced to 238,000 globally. It’s beenContinue Reading
United States-based cryptocurrency exchange Coinbase is currently discussing the possibility of hiring the engineering team of Ripple-backed storage and rental startup Omni Rentals, tech news outlet as reported on Oct. 5. Not the only company interested As per the report, two unspecified sources familiar with the situation told that OmniContinue Reading
Bitcoin has soared this year as rumors spread that some of the world’s biggest technology companies, including Apple, Samsung, Facebook, and Twitter, are taking an interest in cryptocurrencies. The bitcoin price jumped around 200{6c2ee02bcd8e4babb54279c3ba0da46f03ed822bc96c85cd54ee7f8408144ace} over the first six months of the year largely due to social media giant Facebook’s now fading plans to launch itsContinue Reading
The services sector continued its expansion in September but at a considerably slower pace than expected, according to the ISM Non-Manufacturing Index released Thursday. The closely watched measure came in at 52.6, compared with an expected reading of 55.3 from economists surveyed by Dow Jones. It was the weakest readingContinue Reading
Dow Jones futures showed slightly higher movement early Tuesday along with S&P 500 and Nasdaq 100 futures. Invesco QQQ Trust (QQQ) was up 0.3{6c2ee02bcd8e4babb54279c3ba0da46f03ed822bc96c85cd54ee7f8408144ace}, poised to open above its 50-day moving average. FANG stocks like Amazon.com (AMZN), Google-parent Alphabet (GOOGL) and Facebook (FB) showed gains mostly in line with the Nasdaq despite news of anotherContinue Reading