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COO Alex Hungate noted that Grab has an "almost counter-cyclical approach", as people consider gig work as a hedge against job losses.

LONDON (Reuters) -Hedge funds sold European stock during March and April in the largest amount in 10 years, said a report by Goldman Sachs. Investors in European equities have been spooked by a "double whammy" in Europe: Trump's proposed tariffs coupled with the strength of the euro which would hamper the bloc's export-reliant economy. In the past two months, hedge funds fled long bets that had expected stocks to rise.

(Bloomberg) -- Oil traders expect Saudi Arabia to steer OPEC+ to agree on another supply surge next week as the kingdom continues its campaign to discipline the cartel’s errant members.Most Read from BloombergNew York City Transit System Chips Away at Subway Fare EvasionNYC’s Congestion Toll Raised $159 Million in the First QuarterNYC Lost $9 Billion of Income to Miami, Palm Beach in Five YearsThe Last Thing US Transit Agencies Should Do NowAt Bryn Mawr, a Monumental Plaza Traces the Steps of Bl

President Donald Trump’s major, abrupt policy shifts likely slowed the US economy sharply in the beginning of the year — for the worst quarter perhaps since the Covid-19 pandemic — as consumers and businesses fretted about massive new tariffs.

(Bloomberg) -- An age-old market maxim looms over the bounce in US stocks: Sell in May and go away.Most Read from BloombergNew York City Transit System Chips Away at Subway Fare EvasionNYC’s Congestion Toll Raised $159 Million in the First QuarterNYC Lost $9 Billion of Income to Miami, Palm Beach in Five YearsThe Last Thing US Transit Agencies Should Do NowAt Bryn Mawr, a Monumental Plaza Traces the Steps of Black HistoryOne of the best-known market trends, the “sell in May” effect is backed by

(Reuters) -AI server maker Super Micro Computer on Tuesday cut its third-quarter revenue and profit expectations due to delays in customer spending, amplifying worries of a pullback in AI-linked investments and pushing its shares down 16%. The dour projections come after months of accounting issues had prompted a potential delisting, damaging customer and investor confidence in a company that had emerged as one of the biggest winners of the AI trade. Investor jitters around AI spending have also heightened as U.S. President Donald Trump's sweeping tariffs on trading partners have sparked fears of a global slowdown.

Removing the blockchain's OP_RETURN size controls would allow more data to be embedded in transactions. Critics say this will only be used for spam.

More investors are warming up to the idea that Bitcoin could be a legitimate store of value, especially with the availability of ETFs. XRP was created by Ripple, and it has a real use case, which sets it apart from most other cryptocurrencies. Bitcoin and XRP are coming off strong gains in 2024, but one looks like a better buy than the other.

Over both a 12-month and five-year time period, Strategy stock has outperformed Bitcoin. Strategy has gone all-in on its Bitcoin acquisition strategy, even going so far as to rebrand itself as a Bitcoin Treasury Company. Strategy's stock market valuation is now completely dependent on the price of Bitcoin continually rising.

Gross domestic product rose in line with forecasts, by 0.2%, compared with the previous three-month period, preliminary data from the statistics office showed. Germany had contracted in the final quarter of last year by 0.2%, reigniting recession fears.