Persistent market archive

Market News

Finance, business, and economy headlines with related U.S. tickers, event materiality, publisher context, and links to the original source.

4,305 archived storiesUpdated continuouslyTicker matching where identifiable
bloomingbit·Nov 3, 202645 signal

NEAR Protocol Drops 7% Despite Approval of Token Issuance Cut

The NEAR Protocol community approved Proposal HSP-029 to lower the maximum annual token **issuance rate** to 1.6% from 2.5% over 24 months. The move will reduce token issuance by about **11.8 million tokens** worth about **$45 million** over the next two years, while the **cumulative issuance reduction** over six years is estimated at about 66.1 million tokens. As the cut in issuance lowers **expected staking yields** to 3.3% from 5.2%, NEAR Protocol was trading at **$3.89**, down 6.89% from a day earlier.

Finance
Kansas City Star·Nov 3, 202645 signal

Taco Bell sales fall more than expected on cyclosporiasis outbreak hit

Yum Brands reported a wider-than-expected fall in quarterly same-store sales at its Taco Bell business, after a multistate cyclosporiasis outbreak in the US during the quarter made customers wary of dining out at the Tex-Mex chain. A 20% drop in weekly foot traffic at Taco Bell outlets was seen at the peak of the outbr

Business