Finance

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In 2021, US banks will close a record number of retail branches, with Wells Fargo closing the majority of them KEY POINTS In 2021, a number of retail branches in the United States were closed. On internet, U.S. banks shuttered 2,927 branches closing yr, in step with S&P Global Market Intelligence data. Wells Fargo changed into the pinnacle internet department ...

Activision Blizzard, Goldman Sachs, Peloton, Moderna, and more stocks are making large changes in the middle of the day Activision Blizzard — The online game large noticed its stocks jump through 25.8ter it introduced Microsoft will purchase it in a $68.7 billion all-coins deal, Microsoft’s biggest acquisition to date. Activision CEO Bobby Kotick, who has confronted calls to renounce over ...

In just six months, China’s digital yuan has processed $8.3 billion in transactions, accounting for only a small portion of total payments Cumulative virtual yuan transactions have reached 87.fifty seven billion yuan ($thirteen.sixty eight billion), Zou Lan, director of the PBOC monetary markets department, advised reporters. That approach virtual yuan transactions totaled 53.1 billion yuan withinside the 2d 1/2 of ...

Despite rising salaries, inflation resulted in a 2.4 percent pay loss for the ordinary worker last year KEY POINTS Inflation grew 7% in December from a yr earlier, the U.S. Department of Labor stated Wednesday. Average hourly wages additionally extended through 4.7%. That quantities to a pay reduce of extra than 2%, on common. However, the enjoy for employees will ...

Chamath Palihapitiya, a billionaire investor, claims that “nobody cares” about the Uyghur genocide in China KEY POINTS Billionaire investor Chamath Palihapitiya stated throughout a current podcast episode that “no one cares” approximately the continued human rights abuses in opposition to the Uyghurs in China. The abuse of Uyghurs and participants of different Muslim minorities withinside the place has been defined ...

The Dow Jones Industrial Average is down 200 points ahead of more earnings reports U.S. inventory futures fell early Tuesday as investors braced for the brand new batch of company profits reviews. Futures tied to the Dow Jones Industrial Average slipped through 292 points, or 0.81%. S&P 500 futures fell 1.19%, and Nasdaq a hundred futures declined 2%. U.S. markets ...

For its e-commerce push, Ford signs a five-year payment agreement with Stripe KEY POINTS Online price processor Stripe has signed a five-yr cope with Ford aimed toward bolstering the car giant’s e-trade approach. Ford may also use Stripe to path a customer’s bills to the suitable neighborhood Ford or Lincoln dealer. The tie-up marks certainly considered one among the largest ...