Category: News

Stocks open mixed with earnings, stimulus talks in focus

Stocks traded choppily Monday morning ahead of a busy week of corporate earnings results, a Federal Open Market Committee monetary policy meeting and plethora of economic data reports.

The S&P 500 and Nasdaq Composite each opened slightly to the upside, with the materials and information tech sectors leading advances in the S&P 500. Shares of Amazon (AMZN) and Apple (AAPL) each rose more than 1%, with both companies set to report second-quarter results later this week.

Meanwhile, gold prices jumped to a record Monday morning, closing in on the $2,000 per ounce mark as investors piled into the safe haven

Read more

what are my rights and what should I do with my money?

<span>Photograph: Audtakorn Sutarmjam/Alamy</span>
Photograph: Audtakorn Sutarmjam/Alamy

Every day the coronavirus-related job loss announcements mount up. British Airways is looking at axing possibly 12,000 posts; Boots is to cut 4,000, Pret a Manger 1,000, the owners of Upper Crust and Ritazza another 5,000. Airbus is talking of 1,700, Royal Mail 2,000 and Swissport, which handles airline baggage, about 4,500. When the furlough scheme ends, economists fear another huge wave of redundancies. We look at your rights and what you can expect financially.

What are my rights if there are redundancies where I work?

First, there are rules around consultation. In a big company (one

Read more

Coinsquare Conclusion, Ethereum Fees and a GPT-3 Poet

Australian blockchain startups are taking tech giants to court for banning crypto advertisements during the ICO boom, Coinsquare executives have settled over accusations of wash trading and South Korea is mulling increased taxes on crypto profits.

You’re reading Blockchain Bites, the daily roundup of the most pivotal stories in blockchain and crypto news, and why they’re significant. You can subscribe to this and all of CoinDesk’s newsletters here. 

Top shelf

‘Be Thankful I Don’t Take It All‘
The South Korean government has proposed a 22% tax – including the 2% local income tax – on crypto trading profits. The

Read more

How to Build a Business in Blockchain

Lex Sokolin, a CoinDesk columnist, is Global Fintech co-head at ConsenSys, a Brooklyn, N.Y.-based blockchain software company. The following is adapted from his Future of Finance newsletter.

Mike Cagney is the Co-Founder and CEO of Figure, a full stack financial services blockchain company with consumer offerings in market or on the way in lending, banking and more. In late-2019, Figure raised $103 million at a $1.2 billion valuation and continues to grow. Its Provenance blockchain promises radical efficiencies in the $400 billion annual loan origination and trading process.

Prior to starting Figure, Mike co-founded and ran SoFi, which raised over

Read more

There are two COVID Americas. One hopes for an extension of federal unemployment and stimulus. The other is saving and spending.

It’s been a rough few months for Chelsie Caudle.

The mother of two has run into delays applying for unemployment and food stamps in Portland, Oregon, after Grace Salon, a hair salon that specializes in cutting and coloring, was forced to shutter in March when the coronavirus pandemic hit. 

Caudle, who is self-employed, sublet a spot at Grace Salon to run her own business called Benjamin LLC. But with no income coming in for months, bills piled up, making it hard for her to afford groceries for her family, she says. 

“I’m panicked. I’ve run through my entire savings,” says

Read more