Amazon Dismissing Additional 9,000 Employees, Extending Its Record Layoff
Amazon is reducing costs and headcounts, considering the “uncertainty that exists in the near future” and the unstable economy.
Wall Street
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First Republic Bank Shares Slump 18% Following Downgrade from S&P
In an attempt to save First Republic Bank, a number of mainstream banking giants have decided to come to the bank’s aid with a total deposit of $30 billion.
Goldman Sachs Names Bitcoin Best-Performing Asset Year-to-Date
By
Darya Rudz
According to the data shared by Goldman Sachs, Bitcoin has gained as much as 51% in year-to-date absolute returns.
Astra Seeks Deadline Extension from Nasdaq to Avoid Delisting
In addition to seeking the grace period from Nasdaq, Astra also mentioned a possessive reverse stock split.
FedEx Pumps Full-Year 2023 Earnings Expectation as Cost-Cutting Measure Improves Financial Performance
FedEx has hiked its 2023 earnings forecast as expenses have started reducing due to the cost-cutting initiative.
Russian Ozon Holdings Receives Notice of Shares Delisting from Nasdaq
Ozon Holdings has indicated that the delisting of its shares from Nasdaq does not impact its core business operations.
Virgin Orbit (VORB) Shares Down Over 40% with Company Furloughing Almost Entire Staff
As of the end of Q3, Virgin Orbit has $71.2 million in cash and $30.9 million in revenue.
First Republic (FRC) Shares Rebound 40% Following Monday Selloff
By
Tolu Ajiboye
First Republic recently saw its shares jump 20% as the market still recovers from the collapse of Silicon Valley Bank.
Moody’s Downgrades Signature Bank to Junk while Putting More Banks Under Review
Moody’s also put the ratings of six other banks in the US under review.
GTLB Stock Drops Over 30% as GitLab Issues Misses Forecast Revenue
The GTLB stock came under severe selling pressure in the aftermarket hours on Monday since the projected revenue stood less than the estimates.
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