Stay informed with the latest financial news, market insights, investment strategies, and global economic updates. The Finance category at Ferox covers everything you need to make smarter financial decisions in today’s digital world.
In a bid to stem a crisis in investor confidence, Diageo’s board has concluded that CEO Debra Crew will be replaced after a dramatic 43% share value collapse since mid-2023. The move underscores mounting pressure on the spirits giant to reverse fortunes and reclaim market trust. 🔍 Core Challenges 💼 Shareholder Fallout 🔧 Board Response…
In a bold, forward-looking defense, Bitcoin developers—led by Jameson Lopp—have proposed a protocol-level freeze of quantum-vulnerable coins. Affecting roughly one-quarter of the supply, including coins tied to Satoshi, the plan is structured as a phased freeze to compel migration to quantum-resistant addresses . 🧠 The Problem at Hand Legacy addresses, like pay-to-public-key and reused P2PKH,…
Body:Function’s $10 million seed round—led by Mike Novogratz’s Galaxy Digital—spotlights FBTC, a groundbreaking product turning idle bitcoin into a yield-generating engine. Unlike conventional wrapped BTC, FBTC combines three critical features: The $1.5 billion TVL milestone demonstrates market confidence, with Antalpha and Mantle joining Galaxy to expand FBTC’s use cases. Galaxy’s role extends beyond capital, including…
In a watershed moment, digital asset ETFs and funds pulled in an astonishing $3.7 billion last week—the second-largest weekly inflow ever, says CoinShares . This heralds a 13-week streak of positive fund flows, lifting total-managed assets to a record $211 billion . 🚀 Asset Breakdown 🧭 Geographic & Volume Insights 📈 Interpretation 🔮 Outlook
Background & RulingA Milan court has ordered Loro Piana, the prestigious cashmere label owned by LVMH, into one‑year judicial administration after uncovering severe labor exploitation in its subcontracted supply chain . The brand joins Dior, Armani, Valentino, and Alviero Martini in facing legal oversight over supply‑chain practices. The AllegationsInvestigators found that Loro Piana subcontracted through two “front” firms…
An unmistakable shift is underway: cryptocurrency companies are now pushing for national trust bank charters in the U.S., signaling the industry’s growing integration into mainstream finance. 1. Background & Strategic Shift Since Anchorage Digital earned the first federal crypto-bank charter in 2021 , the landscape has changed. Now, giants such as Circle (USDC), Ripple (RLUSD),…
The Dogecoin community’s hopes for a sustained breakout were dashed on July 12 as a 9% surge to $0.213 met brutal resistance, shedding all gains within hours. The reversal revealed a stark divide: retail traders fueled the rally, while institutions cashed out . The Whales’ Telltale Moves Retail’s Last Stand at $0.200Smaller traders defended the $0.200–$0.201…
In the capital Maseru, rows of silent sewing machines tell the story of an economic catastrophe. Lesotho—a nation of 2 million where textiles employ 1 in 20 people—has been hit with a 50% U.S. tariff, the highest rate in Trump’s global trade offensive. Trade Minister Mokhethi Shelile warns the sector could vanish entirely, wiping out…
The Office for National Statistics reported that UK GDP fell by 0.1% in May, compounding April’s 0.3% contraction and surprising markets expecting a gain . This signals a potential stall in Q2 recovery after a buoyant Q1. 📊 Sector Breakdown: Sector Change in May Production –0.9% (auto, pharma, energy) Construction –0.6% Services +0.1% …
Just days after President Trump revealed a surprise 50% tariff on imported copper, commodity markets erupted. Copper prices on COMEX spiked 13%, creating a rare 28% arbitrage window versus LME prices . Seizing the moment, major traders—Trafigura, Mercuria, Glencore, and IXM—rushed approximately 600,000 tonnes of copper into the U.S., converting global supply into home-market profit…
