Shares in publicly traded crypto exchange Gemini (GEMI) have fallen more than 14% on Tuesday following word that the firm has decided to part ways with three of its executives following a recent announcement of mass layoffs across the company. Gemini Chief Financial Officer Dan Chen and Chief Legal Officer Tyler Meade will be replaced in the interim by Danijela Stojanovic and Kate Freedman, respectively. Marshall Beard, the firm’s chief operating officer, will also depart and leave the board, though his exe ...

The yuan: China’s consumer-price index is almost exactly where it stood in mid-2022, and during 2025 the growth in prices was negative. Due to shrinking households stemming from the one-child policy enacted decades ago, China’s domestic economy is in a decline that cannot be reversed. GDP growth has shrunk to 5% currently from 8.6% at the beginning of this century.Cryptocurrencies: Among crypto’s many attributes, it has emerged as an uncorrelated hedge against a declining economy. But the bloom is off the r ...

Shares of the payments and bank technology company Fiserv (NASDAQ: FISV) traded nearly 6% higher, as of 1:17 p.m. ET. The Wall Street Journal reported earlier that activist investor Jana Partners has built a stake in the company and is lobbying for change that will lift the struggling stock. Big turnaround ahead The Wall Street Journal cited anonymous sources in its reporting, saying Jana supports the current CEO, Mike Lyons, who took the position last May. While Jana's position at Fiserv is unknown, the ...

Elliott Pirate Boards Norwegian’s Cruise Ships - Moby THE GIST Elliott just bought itself a seat at the captain’s table. With a more than 10% economic interest, the activist is demanding board change, a fresh business plan, and leadership that can turn Norwegian from cruise boom bystander into cruise boom winner. WHAT HAPPENED Elliott Investment Management sent a letter and presentation to Norwegian Cruise Line Holdings’ board on February 17, laying out a blunt diagnosis and a familiar activist prescript ...

Gemini Space Station Inc., the crypto exchange founded by Cameron and Tyler Winklevoss that went public just before Bitcoin’s plunge, said three top executives left the company in a sweeping leadership shakeup that followed a broad round of layoffs earlier this month. The firm’s Chief Operating Officer Marshall Beard, Chief Financial Officer Dan Chen and Chief Legal Officer Tyler Meade are all leaving the company effective immediately, New York-based Gemini said in a filing on Tuesday. Beard, who has als ...

With $270 billion in fiscal 2025 net sales, Costco Wholesale (NASDAQ: COST) is one of the top players in the general merchandise retailing category. Its shares have generated a total return of 199% in the past five years (as of Feb. 13). On the other hand, Home Depot's (NYSE: HD) share price is up just 41% during the same time. But this is the industry heavyweight in what is a massive home improvement market. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best ...

We're now more than a month into this fiscal year, with plenty of investors having time to assess what may have been one of the busiest six week periods to kick off a fiscal year I've seen in a long time. Quick Read SCHK captures 90% of market earnings at a 0.03% expense ratio. FNDF offers international exposure at under 16x P/E versus pricier US indices. SCHG provides exposure to 230 large-cap growth companies at a 0.04% expense ratio. A recent study identified one single habit that doubled Ameri ...

Does Europe Need an Airbus for Payments? - Moby THE GIST Europe is suddenly treating Visa and Mastercard like a strategic risk. The fear is understandable. But the real issue is not who printed the logo on your card. It is who controls the rules of the rails, and whether Europe can build credible alternatives without turning payments into a political trophy. WHAT HAPPENED A fresh push for payments sovereignty is gathering pace in Brussels and national capitals. European Central Bank president Christine ...

NEW YORK (AP) — The Trump administration is throwing its support behind the prediction market operators Kalshi and Polymarket in a critical legal battle between the growing prediction market industry and states that wish to ban these platforms. The move by Michael Selig, the recently appointed chairman of the Commodity Futures Trading Commission, could have enormous implications for how sports betting is regulated in the country and, if Kalshi and Polymarket were to prevail, could erode the ability for st ...

Nvidia Corporation (NVDA) CEO Jensen Huang will skip next week's India AI Impact Summit, surprising industry observers and policymakers. The event aims to showcase India's growing ambitions in artificial intelligence and global technology leadership, reports Reuters. Huang had planned media engagements in New Delhi before the summit's opening ceremony, led by Indian Prime Minister Narendra Modi. Don't Miss: Nvidia's India communications agency, MSL, confirmed the cancellation citing "unforeseen circumst ...