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A collection of 276 issues

Hedge funds return to the Hong Kong market

According to JPMorgan, interest from hedge fund clients to buy Hong Kong stocks is growing. According to investors, the risks of COVID-19 and the general pessimism around the Chinese economy are receding. Some analysts believe China's stock market is currently undervalued. The benchmark Hang Seng index of Hong Kong-listed stocks

Apple will raise retail wages by 10%, - Fortune

The decision was made due to rising inflation and labor market pressures. The wage increase could go into effect as early as July and will only affect employees in the U.S. The tech company will increase the starting hourly pay for retail employees from $20 an hour to $22

Production of the iPhone will remain at the same level - Forbes

Apple has no plans to increase production of iPhones compared to last year. Concerns are caused by inflation, the situation in Ukraine and the quarantine in China, which have affected the drop in demand. Previously, Nikkei Asia has already reported that the company is behind schedule for the development of

SWIFT will probably no longer exist in 5 years - CEO of Mastercard

Mastercard's CEO recently responded in the negative to the question of whether SWIFT will exist in five years. SWIFT is currently a monopoly when it comes to cross-border payments, but its footing in this space is rapidly eroding with the introduction of blockchain and digital assets. The future is likely

FTX buys up brokerage startups

Prior to the launch of stock trading and ETFs, the crypto exchange FTX showed interest in brokerage startups and began negotiating to buy them. The terms and final amount are not yet known. According to unconfirmed reports, the companies in question are Webull, Apex Clearing and PublicCom. Also FTX CEO

The Terra plan involves the creation of a new separate network

Terra's official Twitter account has released a short thread explaining the company's plans. The company explains that the LUNA recovery plan does not involve a fork of the network. Rather, it will be the creation of a new Terra 2.0 network, which will have no common beginning with Terra

Bitcoin is "impractical" as a means of payment

Bank of England Governor Andrew Bailey joined the chorus of central bank governors who criticized cryptocurrencies last week. He believes there is no prospect for bitcoin as a payment instrument. Bailey said bitcoin has no intrinsic value, which prevents it from ranking with other payment instruments. According to him, the

Balenciaga begins to accept cryptocurrency following Gucci

According to the statement, the brand will soon begin accepting cryptocurrency as payment for goods in its flagship stores in the U.S. At the initial stage, it will be possible to pay for purchases in bitcoin and ether. In early May, the Gucci brand reported about the integration of

Will crypto go down?

🔺In the last reporting period from 11.05 to 17.05, institutional traders shorted by 247 units at a bottom BTC price of $26700. Who would have doubted, but their recruitment of shorts was justified. The huge preponderance towards the longs remains 8.87:1. A good sign is that

Bill Gates Joins Anti-Crypto Coalition

During the Reddit "Ask Me Anything" conference, the Microsoft founder stated that he does not invest in any crypto-assets. In his opinion, he only invests in assets that have "value. Bill Gates added that he does not consider cryptocurrencies as an object for investment, as their value is based only