S&P 500 ends near flat amid megacap declines
Defensive and energy stocks offset weakness in megacap growth stocks as US stocks closed for the week.
Big Tech logs longest weekly losing streak
Megacap tech stocks slumped for a third straight week - the longest such streak in 2023 - as fears of higher global interest rates weighed on sentiment while bonds bounced off multiyear lows.
US Dollar set for fifth straight week of gains
The US Dollar (USD) was flat but set for a fifth consecutive week of gains in its longest winning streak for 15 months
Stocks, cryptocurrencies drop as fear of new interest rate hikes mount
Some fragmentation within the Fed board began to appear at the July meeting that took interest rates to a range of 5.25%-5.5%.
Bitcoin makes sudden sharp fall
The price of Bitcoin saw a significant drop on Thursday, briefly dipping below $26,000 in an 8% single-day decrease Read Full Article at RT.com
The Fintech Startup Environment In Pakistan: From Idea To Execution
What are the keys to a successful fintech startup in Pakistan and what are the hurdles to overcome?
Inside Chipper Cash’s Grueling Battle To Survive The Fintech Winter
Valued at $2.2 billion in 2021, African money-transfer startup Chipper Cash was slow to adapt to the funding collapse of 2022. Now, after layoffs and a deep valuation cut, it’s focusing on the basics–and profitability.
S&P 500, Dow gain as Target results lift retailers
US stocks are up after Target posted its second-quarter profit, while investors are anticipating the release of minutes from the last Fed meeting.
Altcoin Plunge Leads Crypto Lower; Bitcoin Slips 0.7% to $29,150
A sharp mid-afternoon selloff upended what had been a quiet Tuesday in cryptocurrencies.
Binance to Shut Down Crypto Payments Service Amid Refocus On Core Products
Crypto exchange Binance has decided to shut down its buy-and-sell service Binance Connect, formerly known as Bifinity, just one year after its launch, the company said in a statement.
Sam Bankman-Fried charged with using stolen funds for over $100M in political donations
Sam Bankman-Fried used money he stole from customers of his FTX cryptocurrency exchange to make more than $100 million in political campaign contributions before the 2022 U.S. midterm elections, federal prosecutors said on Monday.
New PayPal CEO Alex Chriss Has A Tough Job Ahead Of Him
Alex Chriss, who has had a successful run at Intuit, will take the reins from Dan Schulman at the end of September.
