Trading volumes at major cryptocurrency exchanges fell by more than 40 percent in June, research showed on Monday, with a regulatory crackdown in China and lower volatility among the factors depressing activity. Spot trading volumes fell 42.7 percent, to $2.7 trillion, with derivative volumes down 40.7 percent, to $3.2 trillion, London-based researcher CryptoCompare’s data showed. … Read more
The Big Apple may be losing its rep as the city that never sleeps thanks to the throngs of New Yorkers who have decided to stick with the early-bird dining habits they developed in the dark days of the coronavirus pandemic. Take Jennifer Leuzzi, a food writer and personal trainer. She recently planned a night … Read more
Shares of Chinese ride-hailing app Didi have plummeted more than a third from their peak after debuting on the New York Stock Exchange just two weeks ago as the Chinese government prevents the company from taking on new customers. Didi warned investors Monday that a crackdown from China’s cybersecurity regulator — which revealed last week … Read more
Higher-ups at Goldman Sachs are reportedly locked in a fierce debate over whether to cough up more compensation for junior staffers, even as rival banks hike pay packages amid complaints of sweatshop-like working conditions. Some top managers at Goldman fret that they’ll lose talent to competitors like JPMorgan, which last month hiked salaries for first-year … Read more
Virgin Galactic’s space rocket successfully launched on Sunday, but its stock is having a tougher time. Shares of the Sir Richard Branson-founded space tourism company tumbled more than 14 percent to about $42 per share Monday morning after Virgin Galactic announced it may sell up to $500 million in common stock. Trading of the stock … Read more