This category covers crypto market news today, including crypto index trends, major exchange data, capital flows, sentiment shifts, regulation impact and crypto’s interaction with traditional finance. Designed to help you understand the forces driving valuation across tokens, sectors and regions.
China experienced abnormal logistics and delivery services due to COVID-19 protocols which led to major drop in sales for Alibaba last quarter.
Amazon CEO Andy Jassy published a note on staff layoffs, adding that the process would extend into 2023.
Gap reported net sales of $4.04 billion, up 2% compared to the prior year.
BrightDrop has a reservation count of over 25,000 EV units from large fleet operators, including FedEx and Walmart.
Nvidia said its gaming sales for the fiscal Q3 were $1.6 billion, over analysts’ expectations of $1.4 billion.
The internet company has faced several challenges this year. One of them was the ban introduced on its prominent Free Fire game in India in early 2022.
The United Kingdom is currently in one of the most troubling recessions on record as the Bank of England has continued to exert monetary policies to control inflation.
Coinbase chief executive Brian Armstrong recently sold over $1.6 million in shares, according to an SEC filing.
A lower October PPI suggested that inflation is abating and has triggered a rise in the S&P 500, other leading averages, and retail stocks.
Amid Silvergate Bank’s exposure to FTX, Goldman Sachs has cut down the price target and is expecting greater deposit outflows.
According to the IPO prospectus, BYD Ltd’s semiconductor unit was anticipated to raise approximately $281 million to fund various projects.
Futures tied to the Dow Jones and other leading indexes climbed significantly after reports suggested that inflation may be slowing.
By permitting companies to seek targeted growth, the expectation is that the economy will become more functional and that it may attract other global players to its shores.
Amid a gloomy global economy and slowing sales, e-commerce giant Amazon has come to a cost-cutting mode with a plan to preserve cash.
Goldman asserts that although there is a reduction in the Coinbase price target, the exchange remains insulated against the FTX fallout.