The financial details of the deal remain undisclosed but come off as the first acquisition Fidelity Investments has made in about 7 years.
Popular exchange Coinbase recently announced an 18% staff layoff to strengthen its financial position in the face of a crypto crunch.
Like many other companies that had to reduce their headcounts, Wells Fargo is also about to go through a new layoff due to strategic changes.
With more than 650 million visitors across 175 regions each week, App Store has generated more than $320 billion since its launch in 2008.
Although 2022 witnessed a major crash in crypto fundraises, it was still higher in comparison to 2018, 2019, and 2020. Market analysts expect VC investments in crypto to resume by the summer of 2023.
As the world’s largest chip manufacturer, TSMC was positioned to bear the brunt of the slowing demands in general.
The details of the IPO have not been disclosed, but if Hesai proceeds with all the steps on time, it might be the first Chinese company to launch an IPO in the US this year.
Computer software behemoth Microsoft plans to invest a substantial sum in OpenAI – the creator of ChatGPT.
The news of the mission’s failure did not augur well with the firm’s investors as reflected in its stock performance.
FTX debtors have prioritized selling four businesses owned by the company, however, the US bankruptcy trustee in FTX’s case has argued that FTX has provided very little information on what’s actually being sold.
Morgan Stanley warned that the value of GBTC may drop ‘precipitously’ to zero due to regulatory changes, a crisis of confidence, a flaw, or an operational issue in the Bitcoin network.
According to the US DOJ, the Robinhood shares have drawn ownership claims from several parties, including SBF and FTX creditors.
The latest update on the transaction between Voyager Digital and Binance.US is that the latter has argued that all the objections to the deal lack factual or legal support.
Goldman Sachs is making the cuts in anticipation of a further decline in the economy this year.
The price of Bitcoin climbed higher on Monday raising hopes for a rally in 2023, and taking several crypto stocks along with it.