Month: August 2022

Unregistered cryptocurrency exchanges operating in South Korea could see their services halted as Korea’s Financial Intelligence Unit (FIU) takes action against 16 foreign-based companies. The FIU has notified its investigation authority that 16 virtual asset service providers have been doing business without the necessary records. Major exchanges, including the likes of KuCoin, Poloniex and Phemex, were listed along with 13 other exchanges to be affected by the FIU. The 16 exchanges allegedly engaged in commercial activities targeting domestic consumers by offering Korean-language websites, hosting promotional events targeting Korean consumers, and offering credit card payment options for cryptocurrency purchases. All these…

NEW YORK–(BUSINESS THREAD)–BlackRock has expanded its Megatrends platform with the launch of the BlackRock Future Financial and Technology ETF (NYSE Arca: BPAY). The fund is actively managed by BlackRock’s Fundamental Equity (FE) franchise and seeks to maximize total return by investing in companies that offer innovative and emerging technologies that cause disruption in the financial services industry. “In the United States alone, fintech use increased by 30% during the pandemic1,” said Vasco Moreno, BPAY’s Lead Portfolio Manager. “Through BPAY, investors have direct access to global companies that are driving the next stage of growth and leading the digital revolution in…

Increased hiring and increased business travel saw Dutch payments group Adyen miss first-half revenue despite a 60% rise in transaction volume, driven by the travel boom after blocking. Net income for the first six months of the year rose 37% year-on-year to 608.5 million euros, Adyen said on Thursday, but fell short of analysts’ estimates of 615.2 million euros. euros. The volume of processed transactions reached 345.8 billion euros as travel increased, beating the forecast of 329.9 billion euros. The lack of revenue saw the group’s share price fall by more than 11 percent on Thursday to 1,603 euros. Adyen’s…

BEIJING, August 18, 2022 /PRNewswire/ — Zhihu Inc. (“Zhihu” or the “Company”) (NYSE: ZH; HKEX: 2390), the operator of Zhihu, a leading online content community a chinaannounced today that it will report its unaudited financial results for the quarter ended June 30, 2022 i its interim financial results for the closed semester June 30, 2022before the US market opens August 30, 2022. Company management will host a conference call Tuesday, August 30, 2022 at 7:30 p.m Beijing Time (7:30 A.M Eastern Time) to discuss quarterly results. All participants who wish to join the conference must pre-register online using the link…

Saint LouisWealth management advisors recognized for making a significant impression on their clients and the financial industry St. LUIS, August 18, 2022 /PRNewswire/ — Hightower Wealth Advisors | Saint Louisa wealth management firm offering investment, financial and retirement planning services, announces advisors Brian Copeland, CPWA®, CFP® and Zach UngerottCPWA®, CFP®, have been appointed as a Forbes 2022 Top Next Generation Wealth Advisors List . The list highlights up-and-coming advisors across the country who are being promoted to ignite new energies and ideas in the financial sector. “Brian and Zach have great drive and a natural instinct for customer service, so…

AUSTIN, Texas–(BUSINESS THREAD)–SoftServe, a leading digital authority and consulting firm, announced that Rishi Chohan has joined the company as Executive Vice President of Banking, Financial Services, Insurance and Retail CPG for North America. Under his leadership, SoftServe will continue to drive innovation through digital transformation for current and future customers in the financial services and retail industries. “SoftServe is on track to become the best digital authority in the industry, thanks to the incredibly innovative team in North America,” said Chohan. “As we continue to expand, I am confident that our team will master the next generation of financial and…

People walk near the entrance of Kohl’s department store on June 7, 2022 in Doral, Florida. Joe Raedle | Getty Images Kohl’s cut its financial forecasts for the year again on Thursday, saying its middle-income customers have been particularly hard-pressed by higher inflation, which has dampened sales. The retailer said shoppers are making fewer trips to stores, spending less money per transaction and opting more for Kohl’s less expensive private brands. Chief Executive Michelle Gass said in a statement that the company is adjusting its business plans and taking actions to reduce inventory and cut expenses “to account for a…