Walt Disney Downgraded By Barclays After Three Years Due To Lacklustre Performance Of Disney+

Following a call by Barclays to Walt Disney to bring in bold changes in the media giant to pose a turnaround for the slowing growth of the company’s Disney+ streaming service, the stocks of the company saw a rare downgrading at the Wall Street. Hints of a slowdown in Disney+ were mentioned last month by…

ProShares’ Awaited Bitcoin Futures ETF Likely To Make Debut On The NYSE Tuesday

On Tuesday, the first bitcoin-linked exchange-traded fund will make its official debut. ProShares’ much-anticipated ETF, which will track the bitcoin futures market, will begin trading on the NYSE on Tuesday under the ticker ‘BITO,’ according to the company. “We believe a multitude of investors have been eagerly awaiting the launch of a bitcoin-linked ETF after…

Facebook Will Employ 10,000 People In EU To Develop The So-Called Metaverse

More than 10,000 people are likely to be hired by social media giant Facebook in the European Union for the purpose of developing a so-called metaverse. A metaverse is described as an online world where users are able to play games, work and communicate with each other in a virtual environment, often using VR headsets.…

Microsoft To Shut Down Its Career-Networking Site LinkedIn In China

Claiming that complying with the Chinese government has become increasingly difficult, Microsoft has decided to shut down its LinkedIn social network services in China. This decision was taken after some journalists’ profiles were blocked from the career-networking site which was severely criticised InJobs, a jobs-only version of the site, bill ne launched by Linked later…

UBS Slapped Fine Of $500,000 By US CFTC For Not Retaining Audio Recordings

The banking group UBS AG was sanctioned this week by the United States Commodity Futures Trading Commission (CGTC) a fine of $500,000 over charges that the bank had not been able to keep in its custody some specific audio recordings till such time that it was required to according to regulations, the agency said. “The…