 | | | | Cryptocurrency companies said they remain unsure of U.S. regulations governing products that allow customers to earn interest on holdings instead of trading them, months after such an interest-bearing product drew a $100 million fine from a federal regulator and state governments. | | | | | | The euro fell below $1.06 for the first time in five years against a broadly strong U.S. dollar on Wednesday amid rising concerns around energy safety and growth slowdown in China and Europe. | | | | | | Two of Australia's big four banks expect the benchmark cash rate will rise next week and a third sees increased risk of a hike after a surprisingly strong inflation reading on Wednesday. | | | | | | Commonwealth Bank of Australia , the country's No.1 lender, said on Wednesday that Chair Catherine Livingstone would retire in August after more than five years in the role. | | | | | | Retail trading platform Robinhood Markets Inc said on Tuesday it is laying off about 9% of its full-time employees, sending its shares down 5% in extended trade. | | | | | | U.S. investors have apparently been losing their appetite to "buy the dip" during Wall Street's recent slide, further eroding support for a market pummeled by worries over everything from tightening monetary policy to the war in Ukraine. | | | | | | Visa Inc said on Tuesday it expects revenue to accelerate past pre-pandemic levels, reassuring investors of a sustained recovery against the backdrop of challenging macroeconomic conditions and sending its shares 5% higher in extended trading. | | | | | | Russia's top lender Sberbank is still trying to fund property developers in spite of "difficulties and losses" that the sanctioned bank is experiencing, Deputy Prime Minister Marat Khusnullin said on Tuesday, the RIA news agency reported. | | | | | | The dollar hit a two-year high on Tuesday as concerns about slowing growth in China and expectations the Federal Reserve will aggressively hike rates boosted demand for the greenback. | | | | | | Lael Brainard, one of President Joe Biden's four nominees to the Federal Reserve, is poised to become the U.S. central bank's next vice chair after she cleared a procedural hurdle in the U.S. Senate Monday evening with bipartisan support. | | | | | |
