Tag Archives: Resistance

Google’s resistance to allowing third-party payment systems to touch its Play digital store appear to be ebbing away, with the search and ads giant last week announcing it has commenced tests of payment choice in the USA. Citing “strong interest from developers around the world” after a May 2022 announcement of third=party payments pilot in Australia, India, Indonesia, Japan, and the European Economic Area, Google last week declared “that based on the positive response and initial… Source link

Cryptocurrencies are ending the week on a strong note as bitcoin broke above $48,000 for the first time since May. The world’s largest cryptocurrency is up about 4% over the past 24 hours and could face resistance near $50,000-$55,000 heading into the weekend. On Thursday, Coinbase announced that it will purchase more than $500 million in cryptocurrencies to add to its holdings. The crypto exchange’s CEO, Brian Armstrong, also tweeted that Coinbase will invest 10% “of all profit going… Source link

Reuters U.S. new home sales hit 14-month low amid supply constraints Sales of new U.S. single-family homes tumbled to a 14-month low in June and sales in the prior month were weaker than initially estimated, the latest signs that expensive lumber and shortages of other building materials were hurting the housing market. The third straight monthly decline in sales reported by the Commerce Department on Monday followed news last week that permits for future homebuilding dropped to a nine-month… Source link

TipRanks 2 Big Dividend Stocks Yielding at Least 8%; Analysts Say ‘Buy’ Dividend stocks are always popular. They offer investors a clear path to returns, with regular cash payments and a yield – a return on the original investment – that usually far exceeds bond yields. But not all dividend stocks are created equal, and some offer better opportunities than others. Dividend yield is a key metric. Among S&P listed companies the average yield is only 2%. However, the highest yields… Source link

Bloomberg Barclays Faces Credit Trader Exodus Over Bonus Disappointment (Bloomberg) — Barclays Plc has been hit by a string of departures among senior credit traders in New York and London unhappy that their bonuses failed to reflect the pandemic profit surge.The bank has offered promotions to some employees and given assurances over future pay in an attempt to address their concerns, according to people familiar with the matter, who asked not to be identified discussing private… Source link

Bloomberg China Reins In Tech Giants’ Finance Arms After Hobbling Ant (Bloomberg) — Chinese regulators imposed wide-ranging restrictions on the fast-growing financial divisions of 13 companies including Tencent Holdings Ltd. and ByteDance Ltd., leveling many of the same curbs employed against Jack Ma’s Ant Group Co. in a crackdown on the tech sector.Units of JD.com Inc., Meituan and Didi Chuxing were also among firms summoned to a meeting with several watchdogs including the central bank,… Source link