Hong Kong to Permit Licensed Crypto Exchanges to Offer Services to Retail Investors

Hong Kong will open crypto trading activities to retail investors starting June 1, 2023. Hong Kong’s Securities and Futures Commission (SFC) has released the results of its consultation paper on regulating crypto assets in the country. In an announcement on May 23, 2023, the financial watchdog said it received 152 submissions from key players in … Read more

Walmart Q1 2023 Results Sees Retail Giant Beat Expectations on Earnings & Revenue despite Prudent Consumer Spending

Walmart “leveraged expenses and expanded operating margin” in Q1 2023 and now expects a 3.5% increase in consolidated net sales for the year.  Walmart Inc (NYSE: WMT) has raised its 2023 full-year guidance following its stellar Q1 earnings report. On Thursday, the multinational retail corporation reported better-than-expected revenue, which was boosted by grocery and online businesses. For the … Read more

Cosmose AI and NEAR Foundation Partner to Improve Retail Shopping

Through the partnership with NEAR Foundation, Cosmose AI will expand its individualized experiences to its worldwide clientele through several channels. Cosmose AI, a leading AI and retail company, is partnering with NEAR Foundation to bring Web3 personalization to retail shopping. While the strategic investment by the NEAR Foundation was not disclosed, it raised the valuation … Read more

Acorns to Serve EU Retail Investors with Acquisition of GoHenry

The linkup between GoHenry and Acorns is destined as both companies have been working together for some time already. American financial technology and financial services firm Acorns has revealed it has acquired GoHenry, a teen-based investing application with a diversified user base. As reported by CNBC, the acquisition is the first of its kind for … Read more

Retail Merchants Linked to Etsy and SVB Facing Delayed Payments

Etsy and its peers like Shopify have had to kickstart their restrategizing agenda. Retail merchants selling on several online marketplaces including American e-commerce marketplace Etsy Inc (NASDAQ: ETSY) are reportedly seeing delays in their payments owing to their dependence on distraught Silicon Valley Bank (SVB). As a marketplace that operates round the clock, proceeds of … Read more