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Coronavirus Rate Cuts: Australia’s Central Bank Did It First
4.3.2020
The Reserve Bank of Australia announced it would be cutting the cash rate by 25 basis points to 0.50 percent, its lowest on record according to recent figures
Major HSBC Layoffs: 35,000 Job Cuts and Massive Restructuring Announced
22.2.2020
Banking giant HSBC has unveiled a major restructuring plan that includes 35,000 job cuts. The move came as the bank’s net profit plunged 53% last year. HSBC is also slashing $100 billion in assets and closing many branches. “This represents one of the deepest restructuring...
Central Bank of China Pumps 300 Billion Yuan Into Financial System, Cuts Loan Rates
18.2.2020
The Chinese government has taken multiple steps so far to contain the economic fallout from the coronavirus epidemic, including interest rate cuts and financial injections worth billions of yuan. It did it again this week, extending the monetary easing provided by the central bank. With the budget...
Consensys Cuts Additional 14% of Staff, Aims to Split
4.2.2020
Consensys cuts 14% of its employees while dividing the company into two different branches
Fed Officials Ponder Funding Hedge Funds and Private Brokers Directly
15.1.2020
On January 13, the New York Federal Reserve gave $60.7 billion to eligible private financial institutions by leveraging U.S. Treasurys and agency securities. With all the stimulus given to financial institutions since September, it hasn’t relieved the stress of economic uncertainty. Now...
HTC to Increase Focus on Blockchain Phones, AI After New Staff Cuts
18.12.2019
The Taiwanese tech firm said the downsize will allow it to retain an edge in an increasingly competitive space
Crypto Custody Firm Trustology Cuts Staff as Banks Delay on Digital Assets
12.12.2019
Digital asset custody firm Trustology has cut seven of its 18 staffers as the big banks it courted are taking longer than expected to jump into crypto
Circle Cuts Another 10 Employees, Rejects Connection to CEO Stepping Down
11.12.2019
Circle lays off another ten employees, denying relationship to recent departure of CEO
Banks Are Cutting 75,700 Jobs Worldwide
4.12.2019
Banks worldwide have announced major job cuts this year. Globally, 75,700 jobs are reportedly being eliminated, with the most recent announcement coming from Italy’s largest bank. Unicredit has become the latest major bank to unveil layoff plans, joining Deutsche Bank, Santander, Commerzbank...
Following Canaan, OneConnect Cuts its IPO Ambitions in Half
4.12.2019
OneConnect Financial Technology, a unit of China’s major insurer Ping An, aims to raise up to USD 504 million in an initial public offering (IPO), compared to USD 1 billion, reportedly considered in June this year.
The IPO was launched yesterday after the company reduced both its target offering...
‘In Small Steps’ China Cuts Benchmark Interest Rates
1.12.2019
Careful not to rush too much with stimulus, the Chinese government nevertheless realizes that its behemoth economy is invariably slowing down. New loan interest rate cuts have been announced recently to encourage bank lending and borrowing in the private sector. With a brewing liquidity crisis...
Ethereum Scaling Fix Cuts Time to Create a Block in Half, Test Finds
27.11.2019
BloXroute Labs' "Blockchain Distribution Network" cut ethereum block propagation time in half, according to a test by Akomba Labs
Chainalysis Reportedly Cuts 39 Jobs Aiming to Boost Profit Margins
22.11.2019
Blockchain analytics firm Chainalysis sacks 39 of its employees with an eye to profit margins
Venezuela Cuts Petro’s Backing from 5B Barrels of Oil to 30M: Reuters
21.11.2019
Venezuela to back its Petro with 30 million barrels of crude oil instead of 5 billion barrels as initially planned
Bitcoin Fixes This: PayPal Cuts Payouts to Over 100,000 Pornhub Models
14.11.2019
Pornhub may need more than Verge after PayPal block
Ethereum Cuts Down the Gains; Draws a Downward Trend
7.11.2019
Ethereum price struggles to keep the trading intact at $192 and falls to trade at $186 now ETH price is supported by 5-day moving average at present, followed by 10-day SMA at $185.73 Ethereum value trades under selling pressure, due to the current fall below $190 Ethereum price faces a rough patch...
Some Things You Oughta Know When Working with Viewport Units
6.11.2019
David Chanin has a quickie article summarizing a problem with setting an element's height to 100vh in mobile browsers and then also positioning something on the bottom of that.
Summarized in this graphic:
The trouble is that Chrome isn't taking the address bar (browser chrome) into account when...
More Filthy Fiat: Two Dozen Central Banks Ramp up the Printing Presses
29.10.2019
The global economy seems to be heading toward a financial crisis fueled by central planners that could devastate markets worldwide. This year onlookers are witnessing the largest synchronization of central banks printing massive amounts of fiat or participating in other forms of stimulus....
Trump Pressures Fed for More Rate Cuts as Mega Banks Drain the Balance Sheet
2.10.2019
U.S. President Donald Trump is pressuring the central bank to cut interest rates even further as a spike in oil prices has offset the Federal Reserve’s ‘normalization’ tactics like rate-cutting and overnight repos. Additionally, the mega bank JP Morgan Chase (JPM) is being blamed...
Bank of Japan Eyes Lower Rates for Halloween as Negative Global Trend Continues
1.10.2019
In a recent rate review meeting of the Bank of Japan (BoJ), bank governor Haruhiko Kuroda and others on the nine-member board urged leaving all options on the table, where further cuts to the country’s negative interest rate are concerned. The talk of further stimulus reflects an ever-growing...