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Embattled First Republic bank says it will slash jobs as it explores strategic options
The San Francisco-based bank's stock plummeted in after-hours trading Monday after it said deposits plunged by more than $100 billion in the first three months of the year.
In announcing earnings, First Republic revealed that deposits fell 40.8% during the first quarter from December 31, 2022. Excluding $30 billion in deposits the bank received from a conglomerate of ...
Home Prices Rose in February for First Time Since June
Home prices rose in February from the prior month, snapping a seven-month streak of declines, as buyers competed for a limited number of homes for sale.
The S&P CoreLogic Case-Shiller National Home Price Index, which measures home prices across the nation, rose 0.2% in February compared with January on a seasonally adjusted basis.
Dismal Chip Demand Could Halve Intel's Q1 PC Revenue
Intel's revenue is expected to plunge by almost 40% to $11.4 million, according to analysts' estimates compiled by Visible Alpha. The company's personal computing unit, its largest source of revenue, is expected to report a more than 48% drop in sales for the quarter. Earnings are expected to swing to a net loss of over $2.2 billion, or...
Coinbase takes legal action against SEC
Coinbase has filed a petition against the U.S. Securities and Exchange Commission (SEC) in a federal court to compel the agency to provide more regulatory clarity and guidance for the crypto industry.
Stablecoin payments: Visa shares plans for ‘ambitious’ crypto product
Global payment giant Visa continues to explore the benefits of the cryptocurrency industry with a new initiative focused on stablecoin payments.
Cuy Sheffield, head of crypto at Visa, took to Twitter on April 24 to announce a new cryptocurrency-related project developed by the firm.
Visa’s upcoming crypto product is designed to...
Google Cloud to Help Web3 Builders Fast-Track Their Startups
The “Google for Startups Cloud Program” initiative, which provides support for startups and emerging projects, will now be offered to builders in the Web3 industry to scale their projects faster and more securely, according to a press release on Tuesday. Eligible projects from pre-seed to Series A, will be able to apply for the program, which includes up to...
ARK Investment buys Coinbase shares worth $8.6M
Ark Invest Management has acquired over 157,000 Coinbase (COIN) shares for $8.6 million — its second buy order after selling in March.
The investment fund’s purchase is amid a string of poor price performance for the exchange’s stock. Tradingview data shows COIN fell...
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This edition of The Daily Leo was published by @bitcoinflood on Leo Finance, read the original article here