Author: Press Room

Major cryptocurrency exchange Coinbase has announced its third round of layoffs amid the ongoing bear market, reducing its headcount by a total of 950 employees, or 20% of its workforce. In a letter to employees today, CEO and Co-Founder Brian Armstrong said they made the decision in order to make sure they “have the appropriate operational efficiency to weather downturns in the crypto market.” He added that the decision will help the company reduce operating costs by 25% compared to the latest quarter. Armstrong said he reached the decision after examining different scenarios for the crypto market in 2023, including bull, base,…

Welcome to Start TODAY. Sign up for our free Start TODAY newsletter to receive daily inspiration sent to your inbox. Then, join us on the Start TODAY Facebook group for tips and motivation, to connect with others following the plan — and to get real-time advice from trainer Stephanie Mansour! You asked, we answered! Hundreds of Start TODAY members told us they wanted more healthy, balanced meal ideas to help them reach their health goals. This dietitian-designed meal plan gives you the flexibility to ease into a new year — all while learning the building blocks of healthy eating.Meal planning…

A duo threatened a Manhattan jewelry-store worker with a gun and pepper spray before smashing a display case and swiping about $1,000 in rings, cops said Tuesday. The pair entered Ray’s Midtown Jewelry on Lexington Avenue near East 45th Street around 5:20 p.m. Wednesday and approached a 53-year-old man working at the counter, authorities said.  One of the suspects pulled a gun and told the employee he would shoot him if he didn’t open the display case, police said.  The robbers fled with about $1,000 in rings.DCPI The other crook pulled out a can of pepper spray, cops said.  The…

Oh no, the madness has mutated. Perhaps, like you, that was my reaction to the first, jarring images emerging from Brasilia on Sunday after a swarm of crazed conspiracy theorists who support the defeated ex-president, Jair Bolsonaro, breached the three pillars of Brazilian democracy with such infuriating ease. The destruction and violence exacted by the marauders – clad in the South American country’s familiar colours of yellow, green and blue – on the offices of the president, Supreme Court and Congress were, of course, reminiscent of the mayhem and carnage of January 6, 2021, on the US Capitol. It was…

BioNTech has agreed to buy UK artificial intelligence start-up InstaDeep for up to £562mn in its biggest-ever deal, as the German company expands beyond the Covid-19 vaccine that transformed its fortunes.The biotech company is trying to harness machine learning to improve the drug discovery process, including developing personalised treatments tailored to a patient’s cancer. The deal follows a multiyear collaboration with London-based InstaDeep that created an early warning system to predict future variants of the Sars CoV-2 virus. BioNTech invested in a £100mn fundraising round by InstaDeep last year. Uğur Şahin, BioNTech’s chief executive, said the German pharma group had…

Billionaire hedge fund manager Paul Tudor Jones believes there’s a huge demand for U.S. stocks this year coming primarily from two sources that could power the market through the most challenging economic environment in 40 years. “You’ve probably got something just under a trillion dollars of excess demand in U.S. stocks,” Jones said Tuesday on CNBC’s “Squawk Box.” “Where is the selling going to come to offset that that demands coming from buybacks, from the corporate line items, from some combination of buybacks and M & A? That’s a significant amount. Ceteris paribus, everything being the same, the stock market…

Kramer at the iHeartRadio Jingle Ball, December 2022. Andy Kropa/Invision/AP/Shutterstock Jana Kramer is off the market again. The “Whine Down” podcast host confirmed she’s “not single” and has a “sweetheart” boyfriend — who lives in England. “I don’t know if this is my forever person. … But, like, I’m not going to push away love just because I’ve been hurt before. I’m going to embrace it,” Kramer, 39, said on the Monday, January 9, episode of her show, revealing he’s from Scotland but works in England. “I’m going to have fun. And if it doesn’t work out, well, you know…

Many workers and managers in the United States and the United Kingdom place a higher value on trust in the workplace over financial compensation, according to new research released Tuesday. A survey of 500 workers and managers in the U.S. and U.K. conducted by Osterman Research for cybersecurity firm Cerby found that nearly half of the participants (47%) said they’d take a 20% pay cut in return for higher trust by their employer. Other characteristics researchers found highly prized by employees included flexibility (48%), autonomy (42%), and being able to choose the applications they need to work effectively (39%). The…

Administrators met her sexual harassment complaints with “continued indifference,” the complaint says. After Riley reported that a classmate had called her a “big, fat, ugly slut,” the school’s principal told Riley that “sometimes the truth hurts,” according to the complaint. And when Riley reported the ongoing harassment to a school counselor, she told Riley, “‘We knew this was going to happen’ because of the sexually explicit video” and did not help her, the complaint says.“I think this situation is a perfect example of why schools have Title IX obligations,” said Chloe Neely, the lawyer representing Riley in her Title IX…

Crypto companies that keep their faith in the sector, and that are able to harness the value of traditional risk management and compliance, will survive the crypto winter, one leading financial services lawyer has argued.Writing in an opinion piece for The Hill, Thomas P. Vartanian, a financial services lawyer and executive director of the Financial Technology & Cybersecurity Center, made it clear that he believes regulations are coming to the world of crypto, and that only compliant players will survive.“Those that built traditional risk management controls and created audited financial statements may make it if they are prepared to adapt…