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.
Sportswear and footwear retail company Foot Locker took a beating in its Q1 2023 report after sustaining an 11% drawdown in revenue.
The British government has undertaken a focused approach in revamping its semiconductor industry and will capitalize on its strengths such as designing and producing non-silicon chips, and intellectual property rights.
Streaming giant Netflix experienced a rise in stock value Thursday after pitching advertisers at its first Upfronts session.
YouTube ads generated a revenue of about $6.69 billion during the first quarter of 2023 compared to $6.869 billion reported during the first quarter of 2022.
Alibaba announced a full spin-off of its Cloud Intelligence Group through a stock dividend distribution to existing shareholders to ensure its independence as a publicly traded company.
The job cuts will happen despite an increase in its network connection, whereby BT Group reported a total of 8.6 million 5G connections, up 62% last year.
Walmart “leveraged expenses and expanded operating margin” in Q1 2023 and now expects a 3.5% increase in consolidated net sales for the year.
The investor community is brewing with optimism as it expects AI to drive profit growth at a time of rising borrowing costs and supply chain problems
Sony could pursue a partial divisional spin-off by listing its finance unit within the next two to three years.
Chinese tech giant Tencent saw its Q1 2023 revenue jump 11% YoY to $21.4 billion amid relaxed industrial regulations.
According to the UBS post-acquisition plans, it is going to implement a phased integration of the Credit Suisse brand which may last a couple of years.
Despite the troubled tech space, German InsurTech firm Wefox recently raised $110 million in debt financing and fresh equity funding.
CoinShares maintains a cautious optimism going ahead amid a strong surge in the regulatory activity taking place in the crypto market.
Musk noted that Tesla will conduct a third-party audit of its cobalt supply chain to ensure there is no child labour in the supply chain.
Baidu is setting the pace in the AI scene for other tech giants in China.