Vitalik Buterin cites sub-cent L2 fees and Stage 1 security milestones as key to reviving decentralized payment use cases. Ethereum co-founder Vitalik Buterin stated that high transaction fees stifled the first wave of crypto payment adoption. During a visit to Argentina,
Investors adopt a cautious stance ahead of the U.S.-China summit, lifting gold prices amid geopolitical and inflation concerns. Gold prices (XAU/USD) rose to near $4,700 in early Asian trading Thursday as markets turned cautious before the Trump-Xi summit in Beijing. The m
RICS house price balance slumped to -34 in April, missing forecasts as mortgage rate expectations rise amid geopolitical tensions. UK house prices fell at their fastest pace since November 2023 in April, with the RICS house price balance dropping to -34 from -25 in March.
Ascend aims for 2% to 3% Q2 growth Ascend Wellness Holdings outlined its Q2 growth expectations. The company is targeting 2% to 3% top line growth. The growth target comes as the company explores pathways to uplist. The US Department of Justice recently res
Seer Inc. reaffirms its 2026 revenue guidance amid ongoing litigation and a new commercial leadership appointment. Seer Inc. (SEER) has reiterated its 2026 revenue guidance of $16M to $18M, citing progress in innovation and commercial strategy. The company acknowledged qua
Spot crude premiums jumped as buyers paid up for non-Middle Eastern barrels amid Strait of Hormuz disruptions, nearing record highs. Physical oil cargo premiums surged to nearly $150 a barrel in mid-April, driven by fears of supply disruptions after Iran blocked the Strait
The cross-pair stabilizes above its 50-day moving average as yen weakness offsets modest gains, with traders targeting 214.00. The GBP/JPY pair traded near 213.50 on Wednesday, posting a marginal 0.04% gain as the yen weakened against most G10 currencies. Sellers failed to
Cisco announces 4,000 layoffs and $1 billion restructuring costs to boost AI, silicon, and security investments amid surging AI orders. Cisco Systems will cut approximately 4,000 jobs, representing nearly 5% of its workforce, as part of a restructuring plan costing up to $
S&P 500 target raised to 8,000 on strong earnings growth Morgan Stanley has raised its S&P 500 year-end target to 8,000 from 7,800, driven by strong earnings growth. The firm set 2026 earnings per share for S&P 500 components at $339, a 23% increase year-on-year.
The producer group reduced its 2026 demand outlook by 210,000 bpd due to geopolitical tensions and Hormuz closure impacts. OPEC lowered its 2026 global oil demand growth forecast to 1.17 million barrels per day, down from 1.38 million bpd, citing the economic fallout from