Coinbase’s revenue rose more than 1,000 per cent year-on-year in the second quarter of 2021 as cryptocurrency markets experienced some of their wildest swings, although the exchange warned of declining volatility as it lowered expectations for the year ahead. In its second quarterly results since becoming the first big US cryptocurrency exchange to go public
Investing
Jane Fraser speaks during the Milken Institute Global Conference in Beverly Hills, California, U.S., on Monday, April 29, 2019. Kyle Grillot | Bloomberg via Getty Images Citigroup told employees that they’ll need to get the Covid-19 vaccination before returning to its offices, becoming one of the only major U.S. banks to take that stance. The
Rising numbers of private school owners in China have been forced to give their institutions to the state as the fallout from Beijing’s abrupt education overhaul ripples across the country. Over the past three months, city authorities have taken over at least 13 for-profit primary and middle schools as well as one high school without
High-end goods spending encompasses luxury items such as jewelry, watches, handbags, luxury brand cars, clothing, leather goods, perfumes, and cosmetics. Besides tangible products, there are obviously also luxury services by high-quality service providers. Luxury goods present valid and particularly interesting avenues for investors to diversify their portfolios. Investors should keep in mind that the luxury sector is
Kristine Davis, a spacesuit engineer at NASA’s Johnson Space Center, wears a ground prototype of the new Exploration Extravehicular Mobility Unit (xEMU), during a demonstration on Oct. 15, 2019. Joel Kowsky / NASA Elon Musk offered SpaceX’s services to help NASA make its next-generation spacesuits, after a watchdog report on Tuesday said the agency’s current
The writer is the former minister of interior in Libya’s Government of National Accord At an international conference in Berlin less than two months ago, US secretary of state Antony Blinken delivered an urgent message about the future of Libya, which has been roiled by a decade of political unrest. “A sovereign, stable, unified, secure Libya
The US Senate has passed a sweeping $1tn infrastructure bill that will provide hundreds of billions of dollars to upgrade America’s crumbling transport systems in a big victory for President Joe Biden and his Democratic party. Nineteen Republicans, including Senate minority leader Mitch McConnell, joined all of the Democrats in Congress’s upper chamber to back
Honda Motor Company (HMC) is a public multinational auto manufacturer headquartered in Tokyo, Japan. The company also manufactures motorcycles, power equipment, jet aircraft, solar cells, and robotics. It has assembly plants in Europe, North and South America, and Asia. Honda has established major manufacturing plants in the United States, and in 2013, it became the first Japanese
Amazon will start directly paying compensation to customers who are affected by dangerous products sold by independent sellers in its store, as it faces mounting pressure over the safety of goods on its site. From September 1, the ecommerce company said it would compensate for personal injury or property damage on claims up to $1,000,
The US Senate is set to pass a $1tn package to invest in America’s crumbling infrastructure with significant Republican support, a bipartisan vote that will be seen as a major legislative achievement of Joe Biden’s young presidency. Senators voted 68-29 late on Sunday to end the debate on the infrastructure bill. Eighteen Republicans joined with
One of the problems with using a stop-limit order to sell a security is there is no assurance you’ll get the price that you want. For example, if you buy a stock at $45 and place a stop-limit to sell at $40, you’re placing a conditional order that only gets executed if the conditions of
Russian forces are participating in a regular Chinese military exercise for the first time this week, stoking concerns among western analysts that the two US adversaries are developing joint operational capabilities. Joint Western 2021, a drill in the western region of Ningxia involving more than 10,000 troops, focuses on early warning and reconnaissance, electronic warfare
The top US health agency has placed France, Israel, Thailand and Iceland in its highest tier for Covid-19 levels, urging Americans not to visit. The Centers for Disease Control and Prevention gave all four nations, along with Aruba and French Polynesia, a Level 4 ranking that denotes “very high” levels of Covid-19. Joe Biden said
Unilever PLC (UL) is a consumer goods holding company headquartered in the U.K. Through its subsidiaries, the company manufactures and sells beauty and personal care products, foods and refreshments, and a range of home care products. Unilever owns more than 400 brands in over 190 countries. Some of those brands include popular names like Dove,
A Falcon 9 rocket launches the Transporter-1 mission in January 2021. SpaceX SpaceX is acquiring satellite data start-up Swarm Technologies, in a rare deal by Elon Musk’s space company that expands the team, and possibly the technological capabilities, of its growing Starlink internet service. Swarm, which has 120 of its tiny SpaceBEE satellites in orbit,
The US Senate is set to pass a $1tn package to invest in America’s crumbling infrastructure with significant Republican support, a bipartisan vote that will be seen as a major legislative achievement of Joe Biden’s young presidency. Senators voted 68-29 late on Sunday to end the debate on the infrastructure bill, setting up a final
A Taliban offensive has swept across the north of Afghanistan, increasing pressure on Kabul’s government as US forces prepare to leave the country. The Islamist militant group captured five Afghan provincial capitals over the weekend, four of which were in the north, a historic bastion of warlords hostile to Taliban rule. A fifth northern provincial
No, investors do not have to open an account with Vanguard to buy and sell the highly regarded funds. Vanguard maintains multiple agreements with firms such as TD Ameritrade, E-Trade, and Interactive Brokers. As a result, most major brokerages offer their retail clients the opportunity to trade Vanguard mutual funds and exchange-traded funds (ETFs). But
China’s second-largest music streaming service has scrapped a $1bn initial public offering in Hong Kong as concerns about a growing regulatory crackdown on the country’s technology groups have hit investor confidence. Cloud Village, the music streaming business of tech group NetEase, will not go ahead with an IPO that was scheduled to launch this week
China’s most severe Covid outbreak since last year has added to concerns over an economic slowdown in the country, as Beijing scrambles to contain a rise in cases linked to the highly transmissible Delta variant. The National Health Commission on Monday reported 94 locally transmitted symptomatic infections. The spread of the Delta variant has prompted
If you’re about to retire, you may be wondering whether you should start claiming your hard-earned Social Security benefits now. Here are a few key factors to consider in making that decision. Key Takeaways You can collect Social Security as early as age 62, but your benefits will be permanently reduced. Doing a breakeven analysis
SoftBank’s attempt last year to simultaneously pull off a pivotal sale of its T-Mobile stake and Japan’s biggest share buyback unleashed an internal row over whether the investment group risked overstepping insider dealing rules. The clash was just one among a number of incidents that have convinced both current and former executives that the highly
The spread of the Delta strain of the virus that causes Covid-19 through the US has prompted a flurry of state-level proclamations over the weekend relating to mask mandates and vaccinations. The US is averaging about 100,000 new Covid-19 infections a day, according to Johns Hopkins University data, compared with 11,000 cases a day in
While Morningstar, Inc. (NASDAQ: MORN), the mutual fund and exchange-traded fund (ETF) rating agency, is highly regarded for its investment research, that doesn’t necessarily mean its ratings are always the most accurate. Most investors are not experts, so they rely on third-party ratings to compare and contrast possible investments for their retirement portfolios, none more
Jeff Lawson, co-founder and chief executive officer of Twilio Inc., center, rings the opening bell on the floor of the New York Stock Exchange in New York, Sept.17, 2018. Michael Nagle | Bloomberg | Getty Images Given the uncertain financial landscape, investors want to know how they can pinpoint stocks that are poised to deliver
The “weaponisation” of migration by Belarus on its border with Lithuania and an imminent military exercise involving Russian and Belarusian troops risks an “incident” with Nato troops in the Baltic states or Poland, said Latvia’s foreign minister. Edgars Rinkevics told the Financial Times there was an increased chance of “misunderstandings, some actions that are not
Books about London, they’re the only thing I collect. This long-lived dalliance began, somewhat unsuccessfully, in 1994 with the purchase of a black-and-white A-Z. For the next 15 years or so it slowly turned red with Biro’d-in routes but, eventually, wore right down to flitters in the bottom of my bag. The day it had to
Way back in December 2013, many American families experienced a serious holiday letdown: The gifts they had ordered through online retailers, including Amazon, didn’t arrive on time. Crushed by the volume and hampered by bad weather, the shipping companies failed to deliver, literally. Since then, Amazon has spent an estimated $37 billion to fix the
Saudi Aramco is using the rise in oil prices to reduce leverage and invest in increasing production capacity, bucking the trend among international rivals to raise returns to shareholders. The state-backed oil company, which listed a sliver of its shares in 2019, maintained its dividend at $18.8bn in the second quarter even as net income
A record surge of Covid-19 infections has forced factories to shut in southern Vietnam, hitting one of the world’s busiest manufacturing centres for clothing and footwear and sending global brands looking for back-up suppliers. The supply chain disruption is a blow to a country that had largely tamed local transmissions of the virus in 2020.