Finance/Venture

Dollar Drops to Three-Week Low Against Japanese Yen as US Jobs Data Boosts Fed Cut Bets

The US dollar dipped to a three-week low against the Japanese yen on Friday following reports of US jobs and wage growth slowed down in April.


Coinbase Reports Impressive Q1 Revenue of Above $1 Billion Following Bitcoin Rally

Coinbase announced a better-than-expected revenue in its first-quarter earnings report on Thursday after a bitcoin rally led to a surge in profit...

Goldman Sachs Removes Bonus Cap for UK Bankers

After the UK removed local pay restrictions for bankers last year, Goldman Sachs was the first to remove its bonus cap for its bankers...

Trump Media CEO Calls for GOP Investigation Into Potential Short Selling by Eight Financial Firms

Nunes demands a GOP-led probe into short-selling by eight firms affecting DJT stock. DJT shares fluctuate; short sellers face steep costs, deterring professional managers...


Latest News

U.S. Stocks Wavered on Tuesday as Investors Wait for Fed Statement
U.S. stocks swung on Tuesday ahead of Fed statement. While Morgan Stanley and JPMorgan warned that similar to Europe and Japan, stimulus program may not be effective to stimulate growth.
Big Commercial Banks Criticized European Central Bank's Simulus Measure
Commercial banks in northern Europe criticized ECB for its four-year cheap loan policy and stimulus program. The policy was aimed to stimulate growth for banks that struggle in southern part of Europe
Korean Venture Capital Firms Gaze at Overseas Biotech Companies
South Korean venture capital firms are eyeing overseas biotech industry to accelerate investment goals. At the sametime, tech startups in Korea also began to flourish.
Venture Capital Funding for Fintech Startup Reached $13.8 Billion in 2015
Global venture capital funding for financial technology companies hit $13.8 billion last year. The number is a double from previous year, indicating a serious impact of fintech to the financial servic
Asset Manager BlackRock modernizes trading strategies
Investment firm BlackRock has modernized its trading policies with the help of twenty tech skilled members' team. The company is shifting to electronic trading to overcome market challenges.
LIC invests ₹2,750 crore in shares of nine state-owned banks
Life Insurance Corporation has invested in nine state-owned banks. The Indian-based insurance group has invested around ₹2,750 crore in shares of nine banks in order to strengthen their capital reserv
U.S. Government Reported a $193 Billion Budget Deficit in February
Treasure Department published monthly budget report on Thursday. This year a 0.1% increase is reported from last year. This full-year's deficit is forecasted to be much higher than 2015.
Square Q4 loss widens as transaction expenses offset revenue increase
Square reported a widened loss during the fourth quarter of 2015 as transaction expenses and other related costs burdened its balance sheet. The company reported a 49% increase in quarterly revenue.
Intercontinental Exchange Prepare a Bid for London Stock Exchange Against Deutsche Boerse
Owner of New York Stock Exchange, Intercontinental Exchange prepare its bidding on London Stock Exchange. The bid came in the midst of merger talk between London Stock Exchange and Deutsche Boerse.
Asian Stocks Fell due to Oil Prices and Weak Outlook on China
Asian stock market dropped starting Monday after three weeks rally. Concern over oil prices and economic outlook of China triggered the drop.
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