UK bank Standard Chartered is setting up a cryptocurrency exchange as rival HSBC decides not to offer digital currencies to clients | Currency News | Financial and Business News

REUTERS/Edgar Su Standard Chartered will launch a cryptocurrency exchange and brokerage joint venture, the UK bank said Wednesday. The JV with BC Technology Group is aimed to serve institutional and corporate clients. The move by StanChart comes shortly after rival HSBC said it wouldn't offer clients access to cryptocurrencies. See more stories on Insider's business page. Standard Chartered will launch […]

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Walmart Leverages Tech, Proximity to Shoppers to Boost Ad Business

Walmart Inc.’s ubiquity in American life is translating well to one of the retailer’s smaller but fast-growing ventures — advertising.  The company said in its latest earnings call last month that its advertising revenue saw “triple-digit” growth in the first quarter of fiscal-year 2022. The business, part of an endeavor that the retailer rebranded this year as “Walmart Connect,” touts […]

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Reddit traders pushing AMC stock have helped add over $120 million to CEO Adam Aron's fortune since the start of the year

Albert L. Ortega/Getty Images; Samantha Lee/Business Insider AMC's rising stock price has added over $120 million to CEO Adam Aron's fortune. Aron owns roughly 4.8 million shares of AMC and hasn't sold since the Reddit rally began. Short interest in AMC remains high at ~20% despite Reddit traders burning short-sellers for $2.29 billion this year. Sign up here for our […]

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U.S. Stocks Remain Mostly Higher In Mid-Day Trading

Following the modestly lower close seen in the previous session, stocks have moved mostly higher during trading on Wednesday. The major averages have all moved to the upside, although the tech-heavy Nasdaq is outperforming its counterparts. Currently, the major averages all remain in positive territory. While the Nasdaq is up 83.25 points or 0.6 percent at 13,740.43, the Dow is […]

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Huawei to roll out its own operating system to smartphones

HONG KONG — Huawei is launching its own HarmonyOS mobile operating system on its handsets as it adapts to losing access to Google mobile services two years ago after the U.S. put the Chinese telecommunications company on a trade blacklist. Huawei was expected to announce the launch of HarmonyOS on Wednesday for various devices including smartphones and tablets. The company […]

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GameStop boosts teen interest in investing – survey

(Reuters) – While traders were flocking to GameStop earlier this year, the stock was also capturing the imagination of U.S. teenagers, according to a survey from Wells Fargo.FILE PHOTO: U.S. one dollar banknotes are seen in front of displayed GameStop logo in this illustration taken February 8, 2021. REUTERS/Dado Ruvic/Illustration/File PhotoA third of teens say they are learning financial lessons […]

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Afterpay Breaks Down Latest Trends in Consumer Behavior Report

Reporting more than 17 million consumers joining Afterpay, since its inception, the company is processing over $1 billion in sales per month — making the North American market the largest contributor to its underlying sales. According to the company’s latest biannual fashion and beauty trend report, Americans and Canadians represent more than 8.1 million of Afterpay’s growing consumer base. Consumers […]

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Health Canada Approves Bristol Myers’ Opdivo Plus Yervoy To Treat Mesothelioma – Quick Facts

Bristol Myers Squibb Canada Co., an indirect wholly-owned subsidiary of Bristol Myers Squibb Co. (BMY) announced Wednesday Health Canada’s approval of OPDIVO (nivolumab) 360 mg every three weeks or 3mg/kg every two weeks plus YERVOY (ipilimumab) 1 mg/kg every six weeks (injections for intravenous use) for the treatment of adult patients with unresectable malignant pleural mesothelioma (MPM) who have not […]

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Shop prices fall again – but how long will it last?

With large price hikes on the horizon, shoppers are being encouraged to splurge now while costs remain low. The British Retail Consortium (BRC), the trade group representing shop owners, said on Tuesday that although shop prices continued to fall in May, the drop was the slowest since February 2020, indicating that depressed costs due to the economic uncertainty surrounding the […]

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