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Binance’s Australian derivatives license was canceled at the crypto exchange’s own request, the Australian Securities & Investments Commission said Thursday, after the regulator had begun a “targeted review of Binance” in February.Beginning April 14, Binance’s derivatives clients in Australia will not be able to open or increase their existing trading positions. By April 21, Binance will be required to close out any remaining trading positions, the regulator said.related investing news”Our targeted review of these matters is ongoing, including focus on the extent of consumer harms,” ASIC Chair Joe Longo said.”Following recent engagement with ASIC, Binance has chosen to pursue a…

Companies announced nearly 90,000 layoffs in March, a sharp step up from the previous month and a giant acceleration from a year ago, outplacement firm Challenger, Gray & Christmas reported Thursday.Planned layoffs totaled 89,703 for the period, an increase of 15% from February. Year to date, job cuts have soared to 270,416, an increase of 396% from the same period a year ago.The damage was especially bad in tech, which has announced 102,391 cuts so far in 2023. That’s a staggering increase of 38,487% from a year ago and good for 38% of all staff reductions. Tech already has cut…

Bob Jordan, who took over as CEO of Southwest Airlines in February 2022, just 10 months before the airline’s epic holiday travel service meltdown, got a 75% pay hike last year. Southwest’s operational meltdown over the Christmas vacation period prompted the cancellation of 16,700 flights between December 21 and 29, ruined holiday plans for tens of thousands of passengers and cost the airline about $800 million in lost revenue. That total reflected the cost of compensating customers for out-of-pocket expenses and increased pay and operational costs. It also resulted in lost ticket sales early in the just-completed first quarter. When…

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Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.Seoul, Korea, April 7th, 2023, ChainwireOne of the top NFT-backed lending liquidity protocols, BendDAO, has celebrated its one-year anniversary by publishing a detailed financial statement. It parallels the level of those found in traditional finance. Produced by Unboxing Lab, it reveals the progress BendDAO has made over the past 12 months.EDGAR-style reports bring an unprecedented level of transparency to web3 projects, giving community members an insight into the financial health of protocols they routinely use. The report details BendDAOs…

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Almost Friday! Dan DeFrancesco in NYC. The biggest golf tournament of the year, the Masters, kicks off today. Here’s a guide to the players with the best chance of winning. Even if golf isn’t your thing, the concessions at Augusta National, and their eye-popping prices (in a good way), are worth a peek.  Reminder that you’ve still got one last chance to get your questions in for Friday’s mailbag. (No personal finance questions, please. You shouldn’t be taking that kind of advice from me anyway.) I’ll do my best to answer as many as I can. Today, we’ve got stories on some…

A near-perfect balance between performance and price, the iPad Air is a value champion in Apple’s current lineup of tablets. And if you’ve got your hands on one, it only makes sense to protect it.The best cases for the iPad Air range from slim folio covers that can fold into different positions, rugged cases to protect from drops and scuffs, and keyboard cases so you can use the tablet like a laptop. And if you’re an Apple Pencil enthusiast, you’ll want a case with an Apple Pencil holder.Whether you’ve got a fourth- or fifth-gen iPad Air (the latter is among…

Cinema operator Cineworld (OTCPK:CNNWQ) has had a dramatic fall in the past few years but it is not over yet. While the business has the makings of a profit machine, its balance sheet is a disaster. I think there is a good chance that the shares will ultimately go to zero and rate them as a strong sell. I have been consistently bullish about Cineworld. My last piece on the name was in July (Cineworld: Revenues Are Recovering But The Debt Weighs A Tonne) when I rated it as a strong sell. The basic problem Cineworld has had two problems…

Just 20 stocks account for almost 90 per cent of the US benchmark index’s $2.36tn gains so far this year, as instability in the banking sector has driven down interest rate expectations and boosted the attraction of Big Tech.Among the big gainers, shares in chipmaker Nvidia have climbed by 83 per cent so far this year, while Facebook owner Meta is up 76 per cent and Salesforce has climbed 42 per cent, underlining the heavy concentration in the world’s most influential stock market.The market value of those and the other 17 best performing stocks in the S&P 500 have surged by…