Binance says withdrawals have resumed after technical issues

Binance says withdrawals have resumed after technical issues

LONDON, March 24 (Reuters) – Cryptocurrency exchange Binance has resumed withdrawals on its platform after technical issues affected spot trading, the company said in a tweet. Binance suspended deposits and withdrawals earlier on Friday due to a “bug on a trailing stop order,” Chief Executive Changpeng Zhao said in a tweet, adding that the pause … Read more

Rivian Moves Workers to Illinois EV Plant to Speed ​​Up Production – WSJ

Rivian Moves Workers to Illinois EV Plant to Speed ​​Up Production – WSJ

March 24 (Reuters) – Rivian Automotive Inc (RIVN.O) is moving parts of its manufacturing engineering team to Illinois to speed up production, the Wall Street Journal reported on Friday, citing a person familiar with the matter. The reorganization, which is expected to be announced soon, would mean those working on manufacturing engineering would be asked … Read more

Wall Street ends volatile week higher as Fed officials ease banking fears

The KBW Regional Bank index is recovering US-listed shares of Deutsche Bank slide Actvision surges as regulators drop concerns over Microsoft deal Indexes up: Dow 0.41%, S&P 0.56%, Nasdaq 0.31% NEW YORK, March 24 (Reuters) – US stocks closed higher on Friday, marking the end of a tumultuous week in which Federal Reserve officials calmed … Read more

Exclusive: Walmart lays off hundreds of US employees at five e-commerce fulfillment centers

NEW YORK, March 23 (Reuters) – Hundreds of employees at five US Walmart facilities that fulfill e-commerce orders are being asked to find jobs at other company locations within 90 days, a spokesperson confirmed to Reuters. About 200 workers in Pedricktown, New Jersey, and hundreds more in Fort Worth, Texas; Chino, California; Davenport, Florida; and … Read more

Sanofi, Regeneron reveal ‘exhale’ data on lung medication from smokers

Drug meets primary and all secondary goals in COPD research Earlier peak sales estimate of 13 billion euros was without COPD Drug could be the first new COPD treatment in more than a decade March 23 (Reuters) – Sanofi’s (SASY.PA) asthma drug Dupixent met all targets in a trial for the treatment of “smoker’s lung”, … Read more

Hindenburg shuts down Jack Dorsey’s payment firm Block, shares collapse

March 23 (Reuters) – Hindenburg Research announced short positions in Block Inc (SQ.N) on Thursday, claiming the Jack Dorsey-led payments company overstated its user numbers and underestimated its customer acquisition costs. Shares of Block fell 20% to $57.85 in premarket trading following the report. If losses continue through the session, the stock could post its … Read more

Citigroup CEO declares ‘this is not a credit crisis’ after US bank failures

March 22 (Reuters) – Jane Fraser, CEO of Citigroup Inc (CN), expressed confidence in US banks on Wednesday after a series of closures upset investors and fueled turmoil in global financial markets. “The banking system is pretty healthy,” and major and regional banks are well capitalized, Fraser told the Economic Club of Washington DC on … Read more

The US SEC threatens to sue Coinbase for some crypto products

March 22 (Reuters) – The US Securities and Exchange Commission (SEC) has threatened to sue Coinbase Global Inc (COIN.O) over some of the crypto exchange’s products, straining the largely unregulated sector to stand. Shares of Coinbase fell nearly 13% to $67.33 in extended trading after the company said Wednesday that the regulator had issued it … Read more

GameStop’s surprise profit causes short squeeze, meme stocks soar

March 22 (Reuters) – Meme shares GameStop Corp (GME.N) rose nearly 41% on Wednesday as the video game retailer’s first profitable quarter in two years pressured bearish investors and sparked a rally in other popular stocks at retailers. GameStop, AMC Entertainment Holdings Inc (AMC.N), and several other names were at the heart of a meme … Read more

UBS ready for talks with Michael Klein to close deal with investment bank Credit Suisse – FT

March 21 (Reuters) – UBS (UBSG.S) is about to enter talks with Michael Klein to end a deal that would see the Wall Street dealmaker take control of a large chunk of Credit Suisse’s (CSGN.S) investment bank, the Financial Times. reported Tuesday. UBS on Sunday agreed to buy rival Swiss bank Credit Suisse for 3 … Read more