News
Keep up with the latest broker news and more
JEFF BEZOS SETS A NEW RECORD ON WEALTH
The economy might be a shambles, but Jeff Bezos' wallet couldn't tell. He's now worth nearly $172 billion, a new record for the world's richest person, according to Bloomberg Billionaire Index.
GOLD INDUSTRY SHAKEN AFTER 83 TONS OF FAKE GOLD BARS DISCOVERY
The gold industry has been shaken after it was discovered that 83 tons of fake gold bars have been used as collateral for loans worth 20 billion yuan from 14 financial institutions to a major gold jewelry manufacturer in Wuhan, China. This amount of gold “would be equivalent to 22% of China’s annual gold production and 4.2% of the state gold reserve as of 2019.”
CHESAPEAKE ENERGY IS THE BIGGEST OIL AND GAS BANKRUPTCY OF COVID-19
Fracking pioneer Chesapeake Energy Corporation on Sunday became the largest oil-and-gas company to file for bankruptcy protection during the coronavirus pandemic.
FACEBOOK AND TWITTER STOCKS PLUNGE AFTER AS UNILEVER STOPS ADVERTISING
Shares of both Facebook and Twitter were down more than 7% in mid-day trading Friday after Unilever said it would pull its advertising from the social media companies for the rest of the year.
AVERAGE PRICE OF BITCOIN MORE THAN QUADRUPLED
Investing in bitcoin has been somewhat of a phenomenon, as millions of individuals have invested funds into the crypto-economy since at least 2010. One specific and lucrative method of investment is dollar-cost averaging.
GERMANY ARRESTS EX-CEO OF WIRECARD OVER MISSING $2.1BN
The former CEO of German payment service provider Wirecard has been arrested in an accounting scandal, according to prosecutors in Munich.
EXCHANGE WORDPRESS PLUGIN SEES 300 ACTIVE INSTALLS
Wordpress launched a couple of months ago, a new plugin that allows anyone to host a digital currency trading platform. With the application, WP website owners can earn fees from various crypto asset trades.
SPOTIFY’S EXPANSION ON PODCASTS GOES TO WASTE ?
A year ago, Spotify made an expensive bet, shelling out hundreds of millions of dollars to get into the podcast business. For a company that was still unprofitable, losing more than $200 million that year, it was a bold move.
WIRECARD CEO QUITS AFTER $2 BILLION GOES MISSING AND FRAUD ACCUSATIONS FLY
Wirecard, one of Europe’s most vaunted tech companies is missing $2 billion. Should they not find them quickly, the digital payments firm may never recover.
NEWCASTLE TAKEOVER GETS COMPLICATED AFTER WTO RULING ON SAUDI ARABIA
Newcastle United's Saudi Arabian-led takeover could be complicated by the World Trade Organisation ruling that the country helped breach international piracy laws.