Stablecoins are a form of digital currency that has been slowly adopted by the broader financial markets and regulators. Due to technological changes, the traditional financial industry is slow to move when they encounter new products as they do not like disruption. By the end of the article, you will …
Read More »European Union’s Covid 19 Response Has Put The Euro In A Perfect Position
Every country or continent has tried to tackle the coronavirus outbreak in a different way. Regardless of what the European Union has done, most market indicators believe the euro currency will keep going up. Every major currency was expected to lower and lose some power with the crisis, but all …
Read More »Bed Bath & Beyond Stock Drops Over 24% Yet Experts Are Optimistic
The stock of Bed Bath & Beyond (NASDAQ:BBBY), the famous home merchandise store, plunged more than 24% last month when the brand reported bleak earnings for the first quarter. Revenue fell by 50% and the Company announced it will be closing its 200 stores in the upcoming two years. The …
Read More »Visa and Mastercard Reassessing Relationship with Wirecard after Accounting Scandal
Visa and Mastercard are reassessing whether to allow Wirecard to process payments on their networks after its huge accounting scandal, according to a Bloomberg report. Visa and Mastercard have informed several Wirecard clients that the company’s access to their payment networks may be revoked. Neither credit card firm commented directly …
Read More »Wirecard Collapsed While Leaving $4 Billion Debt
On June 25, Wirecard collapsed leaving a debt of $4 billion from creditors after revealing a widening gap in their financial statements which their auditor EY said to be the aftermath of complex global fraud. The payments firm filed for insolvency at the Munich court explaining that their $1.5 billion …
Read More »End of June Stock Market: Coronavirus Surge Offset Recovery Hopes; Wall Street Concludes with a Sharp Low
Last week, stocks closed sharply lower, as the weight of the ever-increasing coronavirus cases in half of the United States became too much for the optimistic investors to overlook. Florida and Texas— which had an early lockdown— are now the epicenters of America’s outbreak. Both states took additional measures to …
Read More »Stock Market: Why It has become expensive?
As the market closed last Friday (June 19, 2020), the S&P 500 was going up to 41% from the March 23 lows. According to FactSet, the rally in stock process combined with the reduction in earnings forecasts have pushed the S&P’s forward 12 months P/E ratio to 21.9. The widely …
Read More »In the Pandemic, The Big Is Becoming Bigger and Bigger – Rearranged Economy
Companies, more specifically, the largest ones are becoming bigger and bigger. But startups are disappearing, brick-and-mortar shops are having a hard time financing only to make it to the following month, whereas the mid-size players are running in fumes. All of these add up to the sobering challenges for the …
Read More »IBM’s Blockchain Tech Brings Relief To Healthcare Organisations Amidst Covid-19 Pandemic
As the Covid-19 pandemic rages across the globe, IBM helps fight the battle of shortages in the medical supply chain by bringing in new technology solutions called the IMB Rapid Supplier Connect. This tech is a blockchain-based network that is designed to help the government and healthcare organizations to identify …
Read More »$26 Billion+ Small business relief applications in waiting line for JP Morgan as America eats up relief money
Investment bank giant JP Morgan Chase is currently offering a variety of small businesses financing options to help them through their entrepreneurial ventures amidst the COVID-19 crisis. Financing from the bank includes short terms lines of credit to fill working capital needs, business loans for larger investments and capital for …
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