Tag: digital currency

Posts with tag: digital currency

Latest Posts

UK Taxes Prompt High-End Restaurant Group to Open Abroad Instead

British restaurateur Sam Morgan of Open Restaurant Group criticizes the UK's high taxes, leading him to focus expansion on locations like Dubai, where the tax regime is more favorable.

Australian Wage Growth Slows to Two-Year Low Despite Tight Labor Market

Australia's annual wage growth slowed to 3.2% in the fourth quarter, the lowest since 2022, despite near-record low unemployment, signaling a potential easing of inflation. This supports the central bank's view that the labor market is not fueling significant price pressures.

Are Low-Cost Airlines' Days Numbered?

The low-cost airline model is eroding as costs soar and passengers opt for comfort. Spirit Airlines rejects Frontier's acquisition proposal, while Southwest and Frontier offer upgrades and first-class seating. Investors face bleak prospects as JetBlue stock tumbles and Southwest cites high costs.

Consumer Complaints Still Accepted During CFPB Freeze

Despite a government freeze, the Consumer Financial Protection Bureau's online consumer complaint portal remains operational. Submitting a complaint may still be effective in resolving issues with banks or credit reporting agencies.

MGM Beats Q4 Estimates, Bets on BetMGM Profitability This Year

MGM Resorts beats quarterly estimates on strong bookings; BetMGM to turn profitable this year

Patria Profit Rises in Q4

Patria Investments Ltd. (PAX) reports Q4 profit of $56.8 million, with EPS of 38 cents and adjusted EPS of 58 cents. Annual profit stands at $73.4 million, or 48 cents per share, on revenue of $300.8 million.

Nvidia's Plunge Erases Record $589 Billion, Ripples Through Market

Nvidia plunges 17%, wiping out $589 billion in market value on concerns about Chinese AI startup DeepSeek's low-cost AI model disrupting the industry.

Glencore and Rio Tinto Held Merger Talks But Gap Remains

Glencore and Rio Tinto engaged in secret merger talks, signaling a shift in the global mining industry towards mega-deals. As the race for energy transition metals intensifies, the largest miners are actively pursuing acquisitions to bulk up and secure their position.