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Chinese e-commerce giants dominate Southeast Asia’s online shopping
Chinese online shopping platforms have taken control of roughly half the internet retail business in multiple Southeast Asian nations, marking a major shift in the region’s digital commerce landscape,...
Consensys IPO: A Monumental Leap with Wall Street Giants
BitcoinWorld Consensys IPO: A Monumental Leap with Wall Street Giants The cryptocurrency world is buzzing with a monumental development! Consensys, a leading blockchain software company, has reportedl...
Institutional Crypto Options: Historic Trade by Goldman Sachs & DBS Forges New Path
BitcoinWorld Institutional Crypto Options: Historic Trade by Goldman Sachs & DBS Forges New Path The financial world is buzzing with a landmark development: global investment giant Goldman Sachs and S...
Circle, a USDC stablecoin issuer, has launched the public testnet of its Arc blockchain network
Circle Internet Group, issuer of USDC stablecoin, has launched the public testnet for its new Arc blockchain network. Arc aims to bring real-world financial activity on-chain by combining the predicta...
Jay Goldberg stands alone with the only Nvidia sell rating as AI mania peaks
Jay Goldberg stands alone on Wall Street, holding the only sell rating on Nvidia while nearly everyone else keeps cheering the company higher. Jay works from a cluttered home office in a three‑story V...
Rivian cuts 600 jobs, marking a second layoff amid weak EV market conditions
Rivian Automotive (RIVN.O), an electric vehicle manufacturer, is implementing another round of layoffs that will impact around 600 employees, or about 4% of its staff, in an effort to reduce expenses....
Project Mercury recruits ex-bankers for data and model training
OpenAI has recruited over 100 former investment bankers from Goldman Sachs, Morgan Stanley, and JPMorgan Chase to help train its artificial intelligence on how to build financial models, according to ...
Bessent believes the current U.S. shutdown will cost the economy as much as $15 billion per week
U.S. Treasury Secretary Scott Bessent stated on Wednesday that the current U.S. government shutdown will cost the economy approximately $15 billion per week. He had previously mentioned $15 billion a ...
Goldman Sachs reported a 37% profit jump to $4.1 billion in Q3
Goldman Sachs shattered Wall Street expectations on Tuesday, reporting a massive third-quarter profit surge that left analysts scrambling to catch up. The firm said it made $4.1 billion in net income,...
Bank Of America, Citi, And Goldman Sachs Among Big Banks Exploring The Launch Of Joint Stablecoin
A group of some of the world’s largest and most powerful banks is working together to explore issuing a stablecoin product....
Chinese tech companies are choosing Hong Kong over the US for capital raises
Chinese tech companies are raising money in Hong Kong instead of the US, and according to a Goldman Sachs executive, that’s not changing anytime soon. Jacky Leung runs Goldman’s Hong Kong operations a...
Dollar comeback burns hedge funds’ short FX bets
Betting against the dollar has been the favorite trade of 2025 in the $9.6 trillion-a-day foreign exchange market, but that gamble is being crushed as the greenback climbs to a two-month high. Even wh...