Peloton Posts Slump in Sales and Revenue to Witness a 15% Stock Price Drop

On Thursday, Peloton shared its earnings data for the recent quarter of 2022. In the earnings report, Peloton reported that its sales have slumped and they have suffered from extensive losses. Peloton Posts Bad Earnings Data For the fiscal fourth quarter, Peloton has reported that it also reduced its costs and they have also made … Read more

Binance introduces its Binance Mastercard in Argentina, Making It First Latin Country to Do So

For a long time, the regulatory authorities from around the world have been after Binance. According to the regulators, most of the services and facilities that Binance offers are unregistered. Such claims by the regulatory authorities have constantly caused harm to the exchange. Ever since the regulators started alleging Binance of being involved in offering … Read more

UK Job Market Loses Inflation Heat

UK inflation

The jobless rate climbed for the first time in Britain since late 2020 and there was a cooling in other measures of the hot labor market in the country. This is likely to ease the inflation concerns that the Bank of England (BoE) may have, which is scheduled to raise interest rates in the country … Read more

Mexican Tycoon Advising Followers to Make BTC Investments

Bitcoin

Ricardo Salinas Pliego, a Mexican tycoon, sent an unexpected new year special statement to his 959,000 Twitter supporters. He’s the owner and head of Grupo Salinas, a Mexican corporation and presently Mexico’s 3rd wealthiest man. The Tycoon’s Initial BTC Encounter  On 17th November last year, Salinas tweeted to his fans that Saifedean Ammous’ publication, “The … Read more

Bent Finance’s Staking Platform Hacked, Investors Advised To Liquidate

Cryptocurrency staking and cloud mining platform Bent Finance is now amongst the eight crypto institutions hacked this December. The staking firm confirmed the attack via social media hours after it happened. The confirmation announcement was followed by a customer-wide notification requesting investors to withdraw their funds from its staking pool. Bent subsequently disabled the claim … Read more

2021: A Year of Financial Ups and Downs

Stock Trading

While people thought 2021 would usher in stability for international markets, the dramatic events of the last eleven months have proven otherwise. Several events such as COVID pandemic, inflation, and economic sanctions shook the global financial markets. Stocks had rallied and showed no signs of slowing down. Energy conservation and a rise in the price … Read more

The Big Splash: Ex-Reddit’s Chairman Partners Polygon To Launch $200M Web3 Platform

All is set for a beautiful partnership that will advance the next phase of the internet. In the last four months, we witnessed partnerships massive investments in projects, startups, and firms focused on Web3. The latest of these partnerships has birthed a $200 million Web3 platform that will create a launchpad for Web3 projects in … Read more