Gap Inc. reported third-quarter profit that exceeded forecasts and a smaller-than-expected drop in comparable sales, showing that Chief Executive Officer Richard Dickson is having early success in improving the company’s performance.
Nations slow to adopt electric vehicles are likely to end up with a glut of used gasoline cars if they fail to accelerate the shift to electrification, according to a report by London-based think-tank Carbon Tracker.
More than 600 economists including Nobel Prize winner Claudia Goldin have spoken out against the appointment of a new chief at Germany’s leading labor-market research institute, citing allegations of sexual misconduct and abuse of power that surfaced last year on social media.
When Jeremy Hunt was appointed Chancellor of the Exchequer last autumn, his task was clear: to restore faith in the UK’s public finances after the chaos unleashed by Liz Truss’s economic plans. A year after steadying the ship — and serving a different prime minister — the cautious Tory veteran is under pressure to show he’s still the right man for the job.
South Korea should keep its monetary policy restrictive for a considerable time, the International Monetary Fund said, echoing efforts by the country’s central bank to keep a lid on inflation and tame household debt.
Indonesia plans to introduce nickel tracing and push local producers to reach global mining standards to help the country move closer to securing a critical minerals deal with the US.
Hong Kong’s benchmark equity index may add more health-care companies and smaller profitable stocks in its quarterly review on Friday, according to analysts.
Gap (GPS) reported third-quarter earnings that beat analyst forecasts on both the top and bottom lines, though comparable sales fell. CRFA Analyst Zachary Warring tells Yahoo Finance Live that the results show the retailer is "definitely going the right direction." With new CEO Richard Dickson having started in August of this year, Warring urges that “it’s a little early to tell” whether Dickson’s impact can be gauged yet. Warring notes a need for more stabilization in the top line—especially if consumer weakness persists. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Decentralized lending protocol Aave has official announced its rebranding to Avara, a move that comes with Los Feliz Engineering buyup
Founder Stani Kulechov said the name change does not affect Aave as a lending protocol and that its latest acquisition focuses on propelling mass web3 adoption.
ZetaChain teams up with Sushi for Bitcoin DeFi integration
A limited number of participants are currently dominating decentralized finance (DeFi), the sector aiming to recreate financial markets without intermediaries.
CoinShares secures an exclusive option to acquire Valkyrie Funds from now until its expiry on March 31, 2024.
The DeFi market is rallying after a slow two years, with various projects of different market cap sizes now seeing major signs of renewed interest among
Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content. In the dynamic and ever-evolving landscape of
DeFi trading platforms are overcoming common barriers, such as limited functionality and centralization, to offer unparalleled functionality without compromising on security or control
The first phase of the airdrop will give one billion tokens to eligible Jupiter users with a minimum of $1,000 swap volume.
A joint venture between Binance Holdings Ltd. and Gulf Energy Development Pcl plans to roll out a crypto exchange in Thailand early next year after winning licenses from the nation’s regulator.
Billionaire Elon Musk endorsed an antisemitic post on X, the social media site he owns, that attacked members of the Jewish community for pushing “dialectical hatred” against white people.
NEW YORK (AP) — Justin Torres' novel “Blackouts,” a daring and illustrated narrative that blends history and imagination in its recounting of a censored study of gay sexuality, has won the National Book Award for fiction.
A free-trade agreement between Australia and the European Union looks unlikely before Europe’s election season in mid-2024, Trade Minister Don Farrell said, pushing back any potential deal to the second half of the year.
The US Senate overwhelmingly approved a temporary funding measure to avert a government shutdown, delaying a partisan clash over federal spending until the new year and leaving out emergency aid to allies Ukraine and Israel.
SpaceX is discussing an initial public offering for its fast-growing Starlink satellite business as soon as late 2024, people with knowledge of the matter said, in a bid to capitalize on robust demand for communications via space.
Artificial intelligence may replace as many as 4 million, or 14% of South Korea’s jobs, over the next two decades, a central bank study said, adding to a chorus of warnings on the looming disruption to labor markets around the world.
Representatives from finance firms across the City of London said more work was needed to tackle gaping gender disparities in the industry, even after companies have made gains in the past five years.
Commonwealth Bank of Australia agreed to sell its 99% stake in its Indonesian banking unit to Oversea-Chinese Banking Corp. for about A$220 million ($142 million).
Investors of Taiwan’s assets may take heart from the latest twist in the presidential race, as a tie-up of opposition candidates raises the odds of a more China-friendly government taking post from 2024.
Bitcoin was in sight of $38,000, a level last seen in May 2022, amid an ongoing rally spurred by expectations of fresh demand for the token from exchange-traded funds.
The UK government raised its price support for building offshore wind farms by 66%, in a bid to revive its renewables push by attracting developers after they shunned a previous auction.
The technology is considered among the most-controversial climate solutions by green groups.
If China’s leader wants to preserve this week’s fragile rapprochement, he’d better work with his US counterpart — and prepare for a possible successor.
Federal prosecutors said they made the biggest-ever US seizure of fake designer handbags, shoes and other items — with an estimated retail value of more than $1 billion — and charged two people with trafficking in counterfeit goods.
CHICAGO (AP) — Iconic music producer Quincy Jones and entertainers Jennifer Hudson and Chance the Rapper are now co-owners of the historic Ramova Theatre on Chicago's South Side.
US President Joe Biden said talks with Chinese counterpart Xi Jinping had yielded progress in repairing strained ties in the bilateral relationship, hailing agreements to restore high-level military communications, combat fentanyl and open a dialogue over artificial intelligence.
Legal questions have pitted AI startups against artists and other copyright holders
SpaceX received approval for the second launch of its groundbreaking Starship rocket, ending an almost seven-month hiatus and inching Elon Musk closer to his goal of sending humans to the moon and beyond.
Japanese space startup Ispace Inc. will reach for the moon again after its first attempt to land a rover on the lunar surface in April ended in failure.
Electric-vehicle maker Rivian Automotive Inc. released what would usually be a startling announcement for the municipal-finance market: A potential $15 billion bond for a Georgia campus, that would in theory be the largest ever muni sale and nearly the size of the company’s market cap.
The chief information security officer at Clorox Co. has left the company as it works to recover from a hack that devastated its supply chain earlier this year.
Japan’s exports rose at a slower pace in October, offering little extra support as the nation’s economy tries to avoid a technical recession in the second half.
Former Treasury Secretary Lawrence Summers said that “transitory factors” have been one element in a faster slowdown in US inflation than he anticipated.
Australian employment came in much stronger than expected in October while the jobless rate edged higher as more people sought work, suggesting the Reserve Bank may have more to do to cool demand and inflation.
Bonds from emerging Asian nations are set to lag global peers despite a rally in Treasuries.
Investors in mainland China appear unconvinced that a rebound in Hong Kong’s shares can sustain, underscoring doubts on the prospects of equities listed in the city. They sold HK$9.5 billion ($1.2 billion) worth of stock, the most since mid September, even as the Hang Seng Index rallied nearly 4% on Wednesday.
Martin Garcia, the former managing director and co-head of trading and lending at now bankrupted crypto lender Genesis Global, has joined VersiFi as co-chief executive officer and will lead the digital-asset prime brokerage firm’s expansion into those services.
Traders in Asia, especially those in South Korea, have been among the primary drivers behind the surprising rally in digital-asset market volume during the past two months.
The US Securities and Exchange Commission yet again has deferred making a decision on whether to approve the first US exchange-traded fund that invests directly in Bitcoin, despite speculation building that approval is just around the corner.
The lawyer representing the heirs of Willa and Charles Bruce — owners of Bruce’s Beach resort — says current laws fail to provide a remedy for property that was unlawfully seized from Black owners decades ago.
Foes of US highway expansions, fueled by environmental and equity concerns, gathered at a summit to share strategy, compare notes and try to forge a national movement.
