Latest Currency markets News
Stock market today: Asian stocks mixed as Wall St inches toward bull market
BANGKOK (AP) — Asian shares were mixed Wednesday after a day of listless trading on Wall Street in the absence of market-moving data. China reported its exports fell 7.5% from a year earlier in May and imports were down 4.5%, adding to signs of a slowing of its economic recovery...
How major US stock indexes fared Tuesday 6/6/2023
Stocks drifted on Wall Street amid a vacuum of market-moving data. The S&P 500 rose 0.2% Tuesday. The Dow Jones Industrial Average closed up 10 points while the Nasdaq added 0.4%. Banks were some of the bigger gainers, recovering from their struggles earlier this year after high...
Binance mishandled funds and violated securities laws, according to SEC lawsuit
WASHINGTON (AP) — The world's largest cryptocurrency exchange Binance and its founder Changpeng Zhao are accused of misusing investor funds, operating as an unregistered exchange and violating a slew of U.S. securities laws in a lawsuit filed by the SEC. Filed in the U.S. District...
Hamilton Lane: Fiscal Q4 Earnings Snapshot
CONSHOHOCKEN, Pa. (AP) — CONSHOHOCKEN, Pa. (AP) — Hamilton Lane Inc. (HLNE) on Thursday reported fiscal fourth-quarter profit of $31.1 million. On a per-share basis, the Conshohocken, Pennsylvania-based company said it had profit of 82 cents. Earnings, adjusted for non-recurring...
Meta sells Giphy for $53M to Shutterstock after UK blocked GIF platform purchase
WASHINGTON (AP) — Shutterstock said Tuesday it’s buying Giphy from Meta Platforms for $53 million, the final step to unwind the deal blocked by British regulators, who prevented the Facebook owner from purchasing the GIF-sharing platform over competition concerns. The stock image...
Street traders offer a better bargain than stores as Zimbabwe's currency crumbles
HARARE, Zimbabwe (AP) — Festus Nyoni picked out a few items in a supermarket in Zimbabwe’s capital, looked at the prices and knew she was in the wrong place. She abandoned her shopping cart and headed for a nearby street jammed with traders offering bargains in U.S. dollars. From...
Argentina introduces larger bank note amid galloping inflation
BUENOS AIRES, Argentina (AP) — Argentina has put a new 2,000-peso bill into circulation as the country endures one of the world’s highest inflation rates that has decimated the value of the local currency. The new bank note is worth double the previous highest bill in...
China's loans pushing world’s poorest countries to brink of collapse
A dozen poor countries are facing economic instability and even collapse under the weight of hundreds of billions of dollars in foreign loans, much of them from the world’s biggest and most unforgiving government lender, China. An Associated Press analysis of a dozen countries most...
Seattle startup's ex-CFO accused of diverting $35 million, losing it in crypto crash
SEATTLE (AP) — The former chief financial officer of a Seattle-based startup took $35 million of his employer's money without permission and lost it by investing in cryptocurrency before the crypto market crashed last year, according to a federal indictment returned by a grand jury Wednesday. ...
Home Depot sees first annual sales decline in more than a decade as housing streak ebbs, rates jump
After years of explosive growth during the pandemic, Home Depot's revenue during the first quarter fell short of expectations and the company cut its profit and sales outlook for the year, sending shares lower at the opening bell. Home Depot on Tuesday projected its first decline in...
