Bitcoin Slides as Fed Rate Cut Doubts Follow Strong Jobs Report
In brief The U.S. economy added 130,000 jobs in January. Traders grew increasingly doubtful about a rate cut in March. Gold prices climbed following the...
Tag : cut
Jack Dorsey’s Block may cut up to 10% of staff in business overhaul: Report
Jack Dorsey’s payments company Block Inc. has begun informing hundreds of employees that their roles could be eliminated during annual performance reviews, as the firm...
Over 23% of traders now expect interest rate cut at next FOMC meeting
The number of traders expecting a rate cut at the March Federal Open Market Committee meeting rose following fears of a hawkish Fed nominee. The...
Sen. Marshall to cut card fees provision in crypto bill markup: Report
Republican Senator Roger Marshall has reportedly agreed to hold back on pushing an amendment aimed at credit card swipe fees when the Senate Agriculture Committee...
Bitchat tops app charts in Uganda as authorities cut internet
Bitchat has become the most-downloaded app in Uganda as state officials confirmed that internet access has been cut off and will remain inaccessible during the...
Meta to Cut Around 10% of Metaverse Unit as AI Takes Priority
Meta is preparing to cut roughly 10% of staff from its metaverse-focused division, a move that underscores the company’s accelerating shift toward artificial intelligence. Key...
Why Bitcoin May Be Underpricing January Rate Cut Odds
In brief Bitcoin’s rangebound price and multi-year low volatility signal a market not pricing in a potential Fed policy shift. Experts argue the market is...
Meta to cut 10% of metaverse arm this week amid AI push: Report
Meta is reportedly set to lay off around 10% of staff from its metaverse arm this week, as the tech giant focuses its resources on...
Iran is cut off from the internet: Here’s how crypto could still work
Internet access in Iran was cut on Thursday by the government as protests spread across the Middle Eastern country, raising the question: Can its citizens...