BlackRock’s support comes at a time when Silvergate Bank has been going through a pretty rough phase following the implosiong of crypto exchange FTX.
PayPal CEO has noted that the 2000 job cuts should have helped the company save $900 million last year and at least an additional $1.3 billion in 2023.
In 2022, Snap experienced a rocky year from Q1 to Q4 due to the weak economy that caused many businesses to cut back on digital ad budgets.
AMD said client segment revenue dropped 51% YoY to $903 million in 2022 Q4.
EA expects the total annual booking for the current fiscal year to come in between $7.07 billion and $7.17 billion.
Despite surpassing expectations in 2022 Q4, some economists are projecting that the euro zone could transit into a recession later this year.
The range of opportunities being seen by these firms as highlighted by Bloomberg transcends digital currency trading.
Major tech firms have also announced varying degrees of job cuts as they continue to adapt to the changing market situations.
Twitter made the first interest payment of $300 million to Morgan Stanley and seven other lending institutions.
Several chipmakers in Asia suffered drawdowns to their shares in the aftermath of poor global smartphone shipments.
Embattled crypto-centric company BlockFi looks to auction off its mining equipment amid its ongoing bankruptcy case.
According to UBS, it expects a better Q1 as a result of the growing impact of the interest rate slowdown, as well as the easing of COVID-19 restrictions in China and other Asian countries.
Sources familiar with the matter said that the Biden administration is considering a total ban on supplies by the US firms to Huawei.
TikTok representative Brooke Oberwetter said the company is willing to correct any misapprehension.
According to the Coinshares data, of the $117 million inflows recorded, Bitcoin dominated with $116 million of investments, a sign that the digital currency is still the most favored among corporate buyers.