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.
Nvidia recently increased its quarterly earnings guidance on the back of solid demand, also sparking a rally in AI stocks.
The below-than-expected revenue guidance has stirred a massive plunge in Snowflake shares.
In Q1, Nvidia partnered with ServiceNow, Medtronic, Dell Technologies, and Microsoft’s Azure to build generative AI for its array of products.
The Fed rate hike in the last few months has increased uncertainty to mortgage borrowers as the debt-crisis debate intensifies.
The IPO process would involve offering shares of Banamex to the public, allowing outside investors to purchase those shares and become partial owners of Banamex.
China’s Xpeng shares were trading lower in US pre-trade after the EV company forecast significantly lower vehicle deliveries for Q2.
For Q1 2023, Xiaomi sold far fewer smartphones than in the first quarter of last year due to waning demand.
British inflation has been stubborn forcing the Bank of England to continue its interest rate hikes to 4.5%, for the 12th consecutive time. Economists are expecting further hikes in the upcoming meetings.
Aerospace spinoff Virgin Orbit recently shut down, ending six years of operation after failing to secure a funding lifeline.
Alibaba Cloud has emerged as an early IPO candidate and will reportedly pursue a 7% staff layoff amid its ‘streamlined’ restructuring.
Per the IMF outlook, resilient demand in the context of declining energy prices can encourage a positive outlook for the UK economy in several ways.
The report says that macro drivers favor MicroStrategy shares in terms of the de-dollarization of the world economy.
All eyes are on whether the US government manages to increase the debt ceiling further. Any failure to do so will put significant pressure on risk assets.
Paramount announced a merger with its premium TV network Showtime on June 27th to become more profitable.
Banking powerhouse JPMorgan recently increased its 2023 revenue target by $3 billion on improved operational prospects.