The bankruptcy document submitted by Celsius shows a massive $1.2 billion debt on its balance sheet. Analysts explain why Celsius customers would never get their funds back.
According to JPMorgan, its Q2 2022 results fell below Wall Street’s expectations in EPS and revenue because of bad loan reserves.
Bill Gates is the former richest man in the world and is currently one of the world’s top five richest. But the Microsoft co-founder is unwilling to maintain the top rank forever.
This new all-electric sedan will be built on an Electric Global Modular Platform (E-GMP) just like the Ioniq 5.
To become Europe’s answer to Robinhood, Lightyear has raised $25 million from several investors, including billionaire Richard Branson.
The high inflation growth and the projected interest rate hike may result in an unwarranted situation of an economic recession.
After bagging the VARA license, OKX will be looking to create a global crypto-asset hub in the city of Dubai.
Although the two companies didn’t provide any reason behind withdrawing their IPO applications, the current market scenario shows that investors have very little appetite for new companies.
For Netflix, the partnership will bring more customers. Meanwhile, Microsoft will enhance its advertising division as well as endorse the company’s approach to privacy.
Celsius Networks said that the bankruptcy proceedings will help stabilize its business and create a restructuring plan to return payments to its customers.
The Federal Reserve Beige Book says that consumer spending has been flat over the past week in New York.
With the global economic situation currently impacting virtually every industry, mergers and acquisitions (M&A) are becoming increasingly rampant.
The growth in the US Inflation rate is also notably weighing down on the hoard of digital currencies beginning with Bitcoin.
Panasonic plans to start building these new products in the first quarter of 2023.
German tech giant Bosch plans to enhance European semiconductor chip production in the next few years by investing billions of euros.