share this article! Fidelity, the leading asset management firm, has announced that pension funds are considering investing in cryptocurrencies. The engagement of major asset management firms like Fidelity and BlackRock suggests a growing acceptance of cryptocurrencies among institutional investors. Pension plans are cautiously considering the potential of investing in cryptocurrency assets, though at a measured pace. Manuel Nordeste, vice president of Fidelity Digital Assets, unveiled this during an event in London. He highlighted that pension plans are initiating discussions with their inve ..read more

share this article! Loading… Another round of layoffs by electric vehicle leader Tesla Inc TSLA is circling, which comes as the company has held several sets of layoffs in recent weeks. What Happened: Tesla has rattled the market with several recent rounds of layoffs announced across various divisions like Supercharger networks and advertising. Over the weekend, Tesla completed more layoffs, according to a report from Electrek. The move follows a plan from Tesla to cut around 10% of its workforce. Other sources say the layoff totals could represent around 20% of the company’s employees. Acco ..read more

share this article! Canadian Dollar moves broadly higher in Monday rebound. Canada data is thin until Friday’s labor figures. Rate markets put odds of September Fed rate cut at 65%. The Canadian Dollar (CAD) is experiencing a moderate rebound on Monday, recovering ground that was lost late last week during the risk-off plunge as markets pulled away from the CAD. Markets are kicking off the new trading week on the upside, however, with thin Canadian economic data throughout the week until Friday’s labour report. Canada will deliver this week’s first CAD data on Tuesday with the Ivey Purchasing ..read more

share this article! Palantir will deliver Q1 results after Monday’s close. Wall Street expects earnings of $0.08 per share. Revenue is targeted to arrive at $617.6 million. US corporate customer growth and revenue will receive most focus. Palantir (PLTR) stock is widely expected to best Wall Street expectations when it posts first-quarter results after the close on Monday, May 6. That is why the stock has garnered a 6% increase in value at this week’s session open. PLTR stock has risen more than 6% at the time of writing to $24.80 as the NASDAQ and S&P 500 both gain 0.6%. It’s a big week ..read more

share this article! CORDLIFE Group’s directors offered different takes on who will oversee the company’s ongoing developments in Singapore, if resolutions to oust several board members pass at its upcoming annual general meeting (AGM). The directors were responding to queries from the Singapore Exchange (SGX) in a Monday (May 6) bourse filing, ahead of its AGM on May 14. Cordlife substantial shareholder Nanjing Xinjiekou Department Store had filed resolutions to remove four directors: acting chairman Ho Choon Hou and independent directors Yeo Hwee Tiong, Titus Cheong and Joseph Wong. (Wong has ..read more

share this article! The media giant has a big earnings report on Tuesday afternoon. It’s time to see if this year’s gains for the House of Mouse are legit or if it’s a mousetrap. Walt Disney (DIS 2.46%) reports its fiscal second-quarter results after the market close on Tuesday. Expectations may not seem lofty, but the shares are already trading 26% higher this year. Disney is trouncing the market after three consecutive years of falling short. It can’t afford to squander its long-absent bullish momentum. The media giant needs a strong performance to keep the upticks coming. Let’s take a clo ..read more

share this article! RETAIL trading platform Robinhood Markets said on Monday (May 6) it received an enforcement action notice from the US Securities and Exchange Commission (SEC) on May 4 over crypto tokens traded on its platform. The company said it received a so-called “Wells notice,” which the SEC issues when it is planning to bring enforcement action against them. Such notices do not necessarily mean the company has engaged in wrongdoing. “We firmly believe that the assets listed on our platform are not securities and we look forward to engaging with the SEC to make clear just how weak any ..read more

share this article! ELECTRIC-vehicle maker Tesla has launched another round of layoffs including staff from the software, service and engineering departments, Electrek reported on Monday (May 6), citing emails and sources familiar with the matter. The move comes after the Elon Musk-led automaker disbanded its EV charging department following Tesla’s announcement last month that it was reducing its global workforce by more than 10 per cent. Tesla, whose shares were up about 1 per cent, did not immediately respond to a Reuters request for comment. The EV maker has been under pressure from droppi ..read more

share this article! Loading… Warren Buffett‘s Berkshire Hathaway Inc. BRKBRK significantly reduced its holdings in Apple Inc. AAPL, cutting its stake by 22% to $135.4 billion from $174.3 billion at the end of 2023, as reported in a recent SEC 10-Q filing. This adjustment occurred despite Apple’s share price only dropping 11% during the same period, reflecting a substantial sale of about 115 million shares, or 13% of Berkshire’s total holdings in the tech giant. The sale marked the second consecutive quarter in which the Omaha-based conglomerate trimmed its stake in Apple. The reduction in ho ..read more

share this article! VeChain is expanding its footprint in Europe with Oobit payments integration. With many licenses in its portfolio, VeChain foresees a greater revolution in payments through blockchain. Enterprise blockchain solution VeChain (VET) has announced entry into the European payment market through an NFC integration. The integration promises to revolutionize spending for Android users in Europe. VeChain Collaborates With Oobit As revealed in a press release, Oobit will include VET, VeChain’s native currency, into its Tap & Pay function, which allows users to purchase products ..read more