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Bitcoin plunges to near $6,000 levels, hits new low since May 2019

The price of bitcoin has fallen sharply by over 20% this morning. The world’s largest cryptocurrency is now trading at around $6,200 levels, according to data from TradingView. This represents a new low since May 8, 2019.The post Bitcoin plunges to near $6,000 levels, hits new low since May 2019 appeared first on The Block. …read more […]

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Shell CEO's 2019 pay halves after fatalities, revenue fall

Royal Dutch Shell Chief Executive Ben van Beurden’s pay package halved last year to 10 million euros ($11.3 million) after the energy company suffered seven deaths and saw a drop in revenue. Van Beurden, who became CEO in 2014, oversaw a sharp growth in Shell’s oil and gas output following the 2016 acquisition of BG Group for $53 billion. Shell said in its annual report that van Beurden’s remuneration dropped by 51% last year compared with 2018, due in part to seven fatalities the company had last year. …read more […]

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JP Morgan abandons Boeing buy call after three years

The bank, which now rates Boeing “neutral”, said the added hit from the coronavirus to airlines made it impossible to stick with its call that investors should wait out the grounding of the company’s 737 MAX planes this year. Boeing said on Wednesday it was freezing new hiring and overtime except in certain critical areas to preserve cash, and the company is also moving to draw down funds from existing loan facilities as it battles the worst crisis in its history. “Our desire to hang in with Boeing until the return of the 737 MAX has worked out …read more […]