Coinbase Global witnessed a downfall in its shares on Monday Monday after Goldman Sachs downgraded the stock to Sell from Neutral. The financial service company cited the likelihood that revenue declines will accelerate in the second half of the year. It also slashed the price target on Coinbase to $45 from $70 on Monday as it outlined many pressures the company and its stock to undergo.

Cynthia Lummis, the Republican senator of Wyoming has crafted a new crypto bill with a former democratic candidate for president in the 2019 primaries, Kirsten Gillibrand. The aforementioned bill is not directly aimed at crypto, instead, it's a kind of an exemplary bill for Congress members on how to draft crypto bills in the near future.

Toshiba Corp to Sony Group Corp, the leading semiconductor makers from Japan warned against a crisis of engineers threatening the government’s push to revive its domestic chip industry. According to the reports, Japan Electronics and Information Technology Industries Association highlighted 8 big producers to hire about 35,000 engineers in the next 10 years to keep up with the pace of investment.

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One of the largest accounting firms in the world, Deloitte, has partnered up with Bitcoin firm NYDIG. The aforementioned companies will jointly aid companies in integrating their digital asset services. The joint entity will lay emphasis on supporting businesses that intend to offer financial services linked to Bitcoin.

The Rajiv Gandhi International Airport had more than 1.5 million domestic travelers and about 0.27 million international travelers in the previous month, which is 93% & 86% of the pre-covid levels. The GMR Group airport has highlighted that the Hyderabad airport has the highest international passenger recovery as compared to other metro airports in the country.

The shares of General Electric (GE) edged higher on Monday after the company revealed that its CEO Larry Culp is set on a course to take charge of its aviation unit. The aforementioned move would see John Slattery, the current CEO of the Aviation division taking up the role of the Chief Commercial Officer in the business division and Larry Culp taking over the aviation division.

Carnival Corp. shares tumbled in premarket trading on Monday after Stifel Nicolaus analyst Steven Wieczynski cuts estimates. He attributed the negative effects of a potential recession on the cruise operator. The stock was seen pulling back on Monday after soaring 12.4% on Friday on the back of an upbeat business update. Wieczynski also noted that Carnival's stock has tumbled 46.1% year to date.

The crypto industry has witnessed a massive slump in the past few months. This slump has driven some companies to their wits' end and a few big sharks have jumped in to aid such companies. Crypto behemoth Binance is one of such sharks. Its COO Changpeng Zhao has affirmed that Binance is currently looking at closing 50 to 100 deals.

🎯The brokerage company Motilal Oswal sees a revenue/EBITDA/PAT CAGR of 11%/19%/29% over FY22-24 in Tata Group's FMCG part Tata Consumer Products Ltd. 🎯Additionally, the brokerage has maintained its Buy rating giving a SoTP-based target price of ₹900 apiece to the stock of Tata Consumer. Motilal Oswal has also suggested a potential upside of around 25% from the present stock level.

Bybit, a leading Crypto exchange, has revealed that it intends to offer futures contracts settled in the stablecoin USD Coin (USDC), rather than bitcoin. This would mark the first time that Bybit will offer futures settled in USDC rather than bitcoin. The exchange has taken this step in a bid to provide its users with stable prices for the duration of their respective contracts.

A monetary penalty of Rs 10 lakh has been imposed on Tamil Nadu-based The Tiruchengode Cooperative Urban Bank for non-compliance of certain norms, says the Reserve Bank of India. The bank reported that based on its financial position as of March 31, 2020, the lender did not comply with directions issued on exposure norms or other restrictions pertaining to urban cooperative bank and KYC rules.

According to a report by the government think-tank NITI Aayog evaluation, the gig economy of India could appoint 2.35 crore people by FY30. With the given estimate, NITI Aayog has shows a 3.5 times surge in employment over a decade. Earlier in FY20, the gig economy employed about 68 lakh people. Further, the report sees the number to increase to 56.96 crore by FY30.

Ernst & Young Global Limited had put a price tag of $2.3 billion on the troubled Israeli spyware company NSO Group. The aforementioned valuation is interesting because it came just months before the company witnessed a risk of defaulting on its debt. It is noteworthy that the valuation made by E&Y is more than twice the valuation made by a Luxembourg-based firm, two years ago.

Exxon Mobil Corp (XOM), an oil behemoth, is of the opinion that every new passenger car sold anywhere in the world by 2040 would be an electric vehicle. Exxon has predicted that global oil demand in 2040 would come down to the level that the world needed in 2013 or 2014. Exxon is currently evaluating how the decline in gasoline sales would affect its business.