Canada bans China’s Huawei Technologies from 5G networks

TORONTO (AP) – Wireless carriers in Canada will not be allowed to install Huawei equipment in their high-speed 5G networks, the Canadian government said Thursday, joining allies in banning the giant Chinese technology company. Canada had been the only member of the Five Eyes intelligence-pooling alliance not to bar or restrict use of equipment from … Read more

Bitcoin records 7 consecutive weeks of losses. Could it turn around?

Hello! Welcome back to Distributed Ledger, our weekly crypto newsletter that reaches your inbox every Thursday. I’m Frances Yue, a crypto reporter at MarketWatch, and I’ll walk you through the latest and greatest in digital assets this week so far. Find me on Twitter at @FrancesYue_ to send feedback, or tell us what you think … Read more

Bitcoin records 7 consecutive weeks of losses. Could it turn around?

Hello! Welcome back to Distributed Ledger, our weekly crypto newsletter that reaches your inbox every Thursday. I’m Frances Yue, a crypto reporter at MarketWatch, and I’ll walk you through the latest and greatest in digital assets this week so far. Find me on Twitter at @FrancesYue_ to send feedback, or tell us what you think … Read more

Stock Market Is Top-Heavy, but Carnage Is Widespread

Eight companies are to blame for nearly half the stock market’s decline this year — and the pain doesn’t end there. Apple Inc., Microsoft Corp. Amazon. com Inc., Tesla Inc. and the parent companies of Google and Facebook swelled to be so big in recent years that they accounted for 25% of the S&P 500 … Read more

SoftBank-Backed Fintech Giant Klarna Looks for New Funds at Lower Valuation

Klarna Bank AB is seeking to raise new funds that could value the fintech giant at almost a third less than the roughly $ 46 billion valuation it achieved just under a year ago, according to people familiar with the matter, an example of the struggles facing the tech investing world. Klarna specializes in buy-now-pay-later … Read more

HP’s Reveals Revamped Spectre and Envy Laptops

HP Spectre x360 16Image: HP Countless laptops have been announced in the past few weeks, including an entire fleet of Acer notebooks, HP gaming systemsa premium Lenovo Chromebookand an Asus with a hidden message written in invisible ink. Frankly, I’m exhausted. However, I won’t let my cramping fingers deter me from being excited about the … Read more

5 things to know before the stock market opens Thursday, May 19

Here are the most important news, trends and analysis that investors need to start their trading day: 1. Dow set to open lower after its worst day since 2020 on inflation worries A trader works on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, US, May 18, 2022. … Read more

Stock Selloff Crunches SPAC Creators as They Race to Find Deals

An investor stampede out of risky trades is squeezing SPACs that are running out of time to find companies to take public, potentially leaving their architects without deals and saddled with sizable losses. Firms that have gone public through mergers with special-purpose acquisition companies have tumbled lately alongside the technology sector and cryptocurrencies. Supply-chain disruptions … Read more

profits plunge amid China Covid lockdowns, regulation

Signage for Tencent Holdings atop an office building in Shanghai, China, on March 22, 2022. China’s Tencent reported on Wednesday its quarterly profit halved from a year ago and revenues stagnated, blaming cuts in advertising spending by consumer, e-commerce and travel businesses for its worst performance since it went public in 2004. Qilai Shen | … Read more

Tether (USDT) redemptions fuel fears about stablecoin’s backing

Tether has faced repeated calls for a full audit of its reserves. Justin Tallis | AFP via Getty Images Investors have withdrawn more than $ 7 billion from tether since it briefly dropped from its dollar peg, raising fresh questions about the reserves underpinning the world’s largest stablecoin. Tether’s circulating supply has slipped from about … Read more