S&P 500, Nasdaq slip as NVIDIA underperforms; Tesla shares and crypto stocks jump

The S&P 500 declined on Monday, continuing February’s losses as the approaching deadline for President Donald Trump’s tariff policies intensified economic concerns. At the time of writing, the Dow Jones Industrial Average was flat from the previous close, while the S&P 500 was slightly in the red. The Nasdaq Composite index fell 0.4%.  The Dow… Continue reading S&P 500, Nasdaq slip as NVIDIA underperforms; Tesla shares and crypto stocks jump

Kroger CEO Rodney McMullen resigns after board probe, Ronald Sargent named interim chief

Kroger announced on Monday that CEO Rodney McMullen has stepped down following a board investigation into his personal conduct. The company said that his personal conduct, “while unrelated to the business, was inconsistent with Kroger’s Policy on Business Ethics.” It did not specify the nature of the misconduct. The board was alerted to the matter… Continue reading Kroger CEO Rodney McMullen resigns after board probe, Ronald Sargent named interim chief

Analyst reveals largest challenge for Mixue after stellar market debut

Mixue could face challenges in growing its footprint in the tier 1 cities, according to a Zephirin Group analyst. Longdley Zephirin’s remarks arrive only hours after shares of China’s largest bubble tea chain rallied more than 40% on their Hong Kong debut. Mixue sold a total of 17.06 million shares in its initial public offering… Continue reading Analyst reveals largest challenge for Mixue after stellar market debut

Interview: ‘No one, not even us, can see what you are doing’ — NymVPN’s CSO ahead of launch

Privacy-focused firm Nym, backed by a16z and other investors, has introduced its zero-knowledge payment system along with a perpetual token buyback model. Nym’s decentralized DePIN payments system and token buyback are now live for public testing. The company’s NymVPN, initially unveiled in November 2023, is set for a commercial launch on March 13, 2025. We… Continue reading Interview: ‘No one, not even us, can see what you are doing’ — NymVPN’s CSO ahead of launch

Record-high gold prices keep Indian investors hooked—what’s next?

India’s retail demand for gold jewelry has been significantly impacted by the surge in gold prices to new all-time highs since the beginning of the year, the World Gold Council said. Despite record-high prices putting pressure on jewelry demand, interest in gold investment is expected to stay strong, the council said.  “The financial year-end dynamics,… Continue reading Record-high gold prices keep Indian investors hooked—what’s next?

Standard Chartered to repurchase $1.5B in shares after reporting 18% profit surge

Standard Chartered announced a $1.5 billion share buyback on Friday alongside an upgraded earnings target, following an 18% surge in annual profit, Reuters reported. The bank attributed the strong performance to record growth in its wealth management division and robust market activity. The London-based lender reported a pre-tax profit of $6 billion for 2024, marking… Continue reading Standard Chartered to repurchase $1.5B in shares after reporting 18% profit surge

Bitcoin surges to $98,000, Solana and Ethereum rise while XRP slides

The cryptocurrency market saw mixed movements on February 21, with Bitcoin (BTC) crossing the $98,000 mark, while Ethereum (ETH) and Solana (SOL) posted modest gains. The total global crypto market capitalization stood at $3.23 trillion, rising nearly 1% from the previous day. Meanwhile, total market volume surged by 8% to $90.13 billion, highlighting heightened trading… Continue reading Bitcoin surges to $98,000, Solana and Ethereum rise while XRP slides

Meta executives eligible for 200% salary bonus under new pay structure

Meta executives are set to receive significantly larger bonuses this year, even as the company implements layoffs affecting 5% of its workforce. According to a corporate filing on Thursday, Meta’s board approved an increase in the target bonus percentage for its executive compensation plan. Under the new structure, top executives can earn up to 200%… Continue reading Meta executives eligible for 200% salary bonus under new pay structure