
Alibaba Shares Drop 8% Following Affiliate Ant Group’s Decision to Squash IPO Revival Plans
Alibaba shares retraced after Ant said that it had no interest in an IPO. The planned IPO would have been the biggest in history.
Alibaba shares retraced after Ant said that it had no interest in an IPO. The planned IPO would have been the biggest in history.
Amid several macro-economic conditions, the European Central Bank wants to hike interest rates without worsening the economy.
With the rising inflation and interest rate hikes causing the economic downturns, fintech firms are struggling to survive.
Grayscale is confident more investors will embrace the product if it is presented as a spot Bitcoin ETF.
The approvals of 60 gaming licenses in China have stoked bullish investor confidence in tech stocks with the Hang Seng Tech Index advancing 4%.
After two consecutive days of rally, the US stock index futures take a dip as selling pressure builds ahead of Friday’s Key inflation data.
PayPal said the feature is currently available to selected US users.
The Tesla CEO has no immediate plans to push for a Starlink IPO as he believes the space satellite company is not ready for that yet.
A duo of US Federal lawmakers has proposed the first comprehensive draft of their eagerly-anticipated crypto bill meant to guide digital assets.
Peloton has adopted a number of strategies to beat its current bearish business outlook, a move that involves proactive cost-cutting measures and leadership change.
The survey concluded that the Fed’s quantitative tightening used to curtail inflationary threats could be bad for crypto and tech stocks.
The crackdown on DIDI has been dual-faced with the company noting that the United States Securities and Exchange Commission (SEC) is also investigating it in relation to its IPO last year.
With the increasing number of crypto-asset services providers (CASPs) in the EU, institutions of the European Union are called for accelerating the process of finalizing the Regulation on Markets in Crypto-Assets (MiCA). While the EU is still finalizing the law, Lithuania decided to be ahead of the game.
The bullish trends observed in the Asia-Pacific region as the Commerce Secretary, Gina Raimondo told CNN that President Joe Biden’s administration is “looking at” potentially lifting some tariffs on China to fight inflation.
America’s e-commerce giant Amazon will have a 20-to-1 stock split, post which, each stock will trade at $122. Analysts share the bullish outlook of this stock split.