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JPMorgan to let Chase customers link accounts to Coinbase crypto wallets
Allowing Chase account holders to connect their bank accounts with Coinbase wallets could streamline cryptocurrency transactions for a large number of users, potentially increasing...
Read Full Article →Wasabi: Sushi restaurant chain sheds jobs as profit slashed
Wasabi experienced a notable reduction in earnings alongside a workforce decrease of over 100 employees, reflecting challenges faced by the London-based sushi chain during its rece...
Read Full Article →Schwab’s stock touches all-time high as it eyes crypto, boasts 1 million new brokerage accounts
Charles Schwab experienced a notable increase in share value following better-than-anticipated quarterly results and increased customer growth, indicating potential expansion in di...
Read Full Article →JPMorgan says regulators outside US appear to prefer tokenized bank deposits over stablecoins
According to JPMorgan, regulators beyond the United States seem to favor digital bank deposits that maintain consistent value during account transfers rather than stablecoins, whic...
Read Full Article →Maker of Gary Neville’s The Overlap surges into profit
Buzz 16 Productions has achieved a pre-tax profit of £743,306 for the year ending June 30, 2024, marking a significant financial improvement driven by increased valuation of its pr...
Read Full Article →Not on the High Street slashes jobs as losses widen
The company has reduced its workforce multiple times recently in an effort to address increasing financial challenges caused by declining revenue and expanding deficits.
Read Full Article →WPP shares dive after sales slump
WPP experienced a significant market decline following forecasts of decreased revenue in the first half, attributed to the loss of important clients impacting its overall financial...
Read Full Article →Apple: UK tax bill surges as profit passes £1bn
Apple’s recent financial disclosures reveal a substantial increase in its UK corporation tax contributions, reflecting a noteworthy rise in profitability exceeding one billion poun...
Read Full Article →OKX CEO apologizes after ‘false positives’ lock users out of accounts
The incident involving account restrictions highlights ongoing compliance challenges that could impact customer trust and potentially influence the exchange’s financial stability a...
Read Full Article →P&O Ferries boss got pay rise of at least 55% after firing almost 800 workers
Despite significant annual losses and widespread criticism over large-scale layoffs, the company’s top executive received a substantial increase in compensation exceeding half a mi...
Read Full Article →American kids of undocumented immigrants could get $1,000 'Trump Accounts' under late changes to GOP...
The proposed legislation includes a provision that would allocate $1,000 payments to children of undocumented immigrants, highlighting a notable and unexpected financial benefit wi...
Read Full Article →Village Hotels in the red after takeover by Blackstone
In 2024, Village Hotels reported a pre-tax loss of £23.5 million, largely attributed to unusual expenses incurred following its acquisition by an American investment firm.
Read Full Article →Hallmark: Greeting cards giant halves headcount in two years
The UK division of Hallmark significantly reduced its workforce over two years to improve financial performance and move towards profitability, as indicated by recent official comp...
Read Full Article →Mounjaro and Wegovy demand helps Chemist4U sales double
The growing popularity of weight management injections contributed to a nearly twofold increase in revenue for the company operating Chemist4U, reaching a turnover of £59.5 million...
Read Full Article →Solana-Based Pump.fun Among List of Crypto Trading Platforms Suspended from X
The sudden removal of accounts associated with several Solana-based crypto trading platforms on X may impact user access and trading activity, potentially influencing market dynami...
Read Full Article →Dozens of memecoin-related X accounts including Pumpfun suspended for unknown reasons
The suspension of multiple memecoin-associated accounts on X, including key figures, could disrupt market activities and investor confidence within the cryptocurrency ecosystem.
Read Full Article →Group owned by Dragons’ Den star Touker Suleyman makes just £3,000 profit
The fashion company associated with Touker Suleyman reported a modest pre-tax gain of £3,000 in 2024, marking a financial turnaround following a substantial loss the previous year.
Read Full Article →Volvo issues warning despite record UK sales
Although Volvo's UK division achieved substantial revenue growth and a significant increase in profit in 2024, the company has cautioned investors about potential challenges ahead...
Read Full Article →How hackers use fake X links to steal crypto, and how to spot them
Cybercriminals exploit impersonated social media accounts to distribute deceptive links, tricking users into visiting fraudulent websites or interacting with harmful smart contract...
Read Full Article →Criminals stole £47mn in phishing attack on UK tax agency
A cybercrime incident targeting a UK tax authority resulted in the unauthorized access of numerous payroll accounts, leading to a substantial financial loss estimated at tens of mi...
Read Full Article →Binance claps back against traders using bots to cheat the Alpha Points program
Binance has implemented stricter measures to address automated trading abuses, aiming to protect the integrity and value of its reward system by penalizing accounts that exploit th...
Read Full Article →Wells Fargo just got a green light from the Fed to grow. Here’s what it means for its business and i...
With regulatory approval now secured, Wells Fargo can pursue expansion strategies that may enhance its operational capacity and influence investor confidence in its future financia...
Read Full Article →Yo! Sushi loses over £20m as costs rise
The recent financial statement indicates a significant deficit exceeding £20 million for Yo! Sushi during the period surrounding its acquisition, highlighting increased operational...
Read Full Article →Canadians still can’t access information about TFSA accounts in latest CRA website glitch
The ongoing website issue has prevented Canadians from viewing their Tax-Free Savings Account details, potentially delaying financial planning and account management for many users...
Read Full Article →Study finds 80% of crypto users quit blockchains within 90 days
The rapid decline in user retention within blockchain platforms highlights potential challenges for sustained revenue generation and investor confidence in the cryptocurrency marke...
Read Full Article →Hey DIY investors, here are three tactics to stop tinkering with your investment portfolio
Frequent changes to your investment holdings can lead to increased costs and reduced long-term returns, so implementing disciplined strategies may help preserve the overall financi...
Read Full Article →Coinbase's cyber attack could cost it $400 million
The recent security breach at Coinbase may result in financial liabilities ranging from $180 million to $400 million, prompting a notable decline in the company’s stock value durin...
Read Full Article →Telegram Pulls Plug on Haowang Guarantee Crypto Crime Syndicate
The removal of numerous accounts tied to a major crypto crime group on Telegram may disrupt illicit activities temporarily, yet emerging factions could continue impacting the digit...
Read Full Article →Profit slump revealed at Jim Ratcliffe-backed Petroineos ahead of major closure
Petroineos experienced a notable decline in earnings before the shutdown of its Grangemouth refinery, reflecting challenges related to market instability, disrupted supply chains,...
Read Full Article →The O2 owner’s touring and festivals arm almost doubles sales
The UK-based live entertainment division responsible for tours and festivals reported a substantial increase in revenue and profits in 2024, nearly doubling its turnover compared t...
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