Crypto exchange Kraken lays off 1,100 employees
Kraken, one of the world’s largest crypto exchanges, announced it is laying off 1,100 workers, or 30% of its headcount.
S&P 500 ends 3-day losing streak. Dow jumps 700 points after Powell signals smaller rate hikes
Investors responded to what were interpreted as more dovish comments from the Fed chair.
European Central Bank says bitcoin is on the ‘road to irrelevance’
The remarks are timely, with the crypto industry reeling from one of its most catastrophic failures in recent history: the downfall of FTX.
Biden’s Inflation Reduction Act makes green hydrogen profitable at scale, Goldman Sachs says
The use of hydrogen in the shift to a more sustainable future has become a big talking point in recent years.
Elon Musk says the Fed must cut rates ‘immediately’ to stop a severe recession
In a tweet early Wednesday, Musk called on the Fed “to cut interest rates immediately” or risk “amplifying the probability of a severe recession.”
Airbus develops fuel-cell engine for hydrogen plane
Airbus has started developing a fuel-cell engine, it said on Wednesday, sticking with plans to introduce a hydrogen-powered commercial aircraft by 2035.
Trenches, mud and death: One Ukrainian battlefield looks like something out of World War I
The sight of trenches, endless mud and mass destruction is reminiscent of World War I, but that’s the reality in Ukraine today.
Euro zone inflation rate eases slightly to 10% as surge in energy prices slows
Euro zone inflation eased in November, but the European Central Bank remains under pressure to deal with the recent record rise in prices.
China EV maker XPeng pops 45% despite posting wider than expected loss; deliveries expected to fall
Chinese electric carmaker XPeng posted a wider than expected loss and its revenue missed expectations in the third quarter.
Apple limited a crucial AirDrop function in China just weeks before protests
AirDrop has become an important tool in protestors’ efforts to circumvent authoritarian censorship regimes over recent years.
