Flowra Ltd., a blockchain infrastructure company focused on validator and order flow solutions for Solana, has signed a Memorandum of Understanding (MOU) with Korea Gold Exchange Digital Asset Co. Ltd. (KorDA) to explore the use of gold-backed digital assets in supporting Solana validator infrastructure. Under the proposed model, KGLD, a gold-backed digital asset held or
The number of Americans filing new claims for unemployment benefits increased slightly last week, offering little evidence of a meaningful deterioration in the labor market as August came to an end. Initial claims for state unemployment benefits rose by 2,000 to a seasonally adjusted 206,000 in the week ended August 29, the Labor Department said
Bitcoin price BTC has risen 2.3% over the past 24 hours to roughly $78,500, breaking above $78,000 as softer US employment figures, fresh spot ETF inflows, and lower Treasury yields have supported demand for BTC. ADP reported that US private employers added 38,000 jobs in August, below market expectations of roughly 47,000 and the weakest
Uber Technologies is cutting about 3,300 jobs as Chief Executive Dara Khosrowshahi moves to streamline the company’s organization, reduce costs and speed up decision-making at a time when the ride-hailing giant is preparing for a potentially disruptive shift toward autonomous vehicles. The cuts, equivalent to roughly 10% of Uber’s workforce, sent shares (UBER) about 2%
Snowflake stock has remained in a narrow range in the past few weeks, but this may change later today, September 2nd, when the company publishes its financial results. SNOW was trading at $319.80, down modestly from last month’s high of $341. Snowflake to publish earnings as growth continues Snowflake, one of top technology companies that
US private employers added jobs at a slower-than-expected pace in August, with hiring increasingly concentrated in healthcare and a handful of other industries, suggesting the labor market is losing momentum as the Federal Reserve weighs its next policy moves. Payrolls processor ADP said Wednesday that private-sector employment increased by 38,000 last month, down from an
US stocks opened mixed on Wednesday as investors weighed renewed US-Iran tensions, rising global bond yields and continued strength in the artificial intelligence trade. The Dow Jones and S&P 500 indices edged higher, while the Nasdaq Composite slipped as investors assessed the impact of elevated oil prices on inflation and the Federal Reserve’s policy outlook.
MongoDB stock MDB fell sharply on Wednesday after the database software company reported second-quarter results that beat expectations but failed to deliver the faster Atlas growth investors had anticipated. Shares were down 13% in trading at $375.72 after closing Tuesday down 4% ahead of the earnings release. The selloff came despite 30% year-over-year revenue growth,
PI price has risen 2.6% over the past 24 hours to roughly $0.0934 as traders position ahead of Pi Network’s expected Protocol 27 upgrade on Sept. 15. CoinGecko puts PI at $0.09337 at the time of writing, with the token also up 4% over the past seven days, 8.4% in two weeks and 13.7% over
Nio stock has crashed in the past few months, erasing billions of dollars in value, even as its delivery growth has accelerated. It has now stalled at a crucial support level and has formed a highly bullish chart pattern ahead of its earnings report on Tuesday, September 1. Nio stock in the spotlight after a