SMIC Sustains 20.6% YoY Revenue Fall in Q1 2023 to Record First Income Deficit in Three Years
Chinese chip powerhouse SMIC saw Q1 revenue fall to $1.46 billion as it continues to withstand chip shortages and US trade sanctions.
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Chinese chip powerhouse SMIC saw Q1 revenue fall to $1.46 billion as it continues to withstand chip shortages and US trade sanctions.
CryptoQuant’s Business Development executive Benjamin Brannan exposited on the Bitcoin’s ‘favorable’ price optics in 2023.
The biggest beneficiary of this move in the long term will be Tesla shareholders, considering the firm is the only publicly listed entity tied to Elon Musk
From a stock index perspective, Alphabet shares are among the best-performing equities with a gain of about 33% YTD.
Emirates Group announced global freight expansion to different destinations including Tanzania, Germany, Canada, and Brazil.
There are various choices accessible to PacWest Bancorp that could assist the business overcome the present shares devaluation.
Amid the current banking crisis in the United States, stablecoin issuers like Tether and Circle have been moving their reserves to the safest instrument i.e. US Treasury.
Vision Fund, SoftBank’s tech investment arm, posted a loss of 4.3 trillion yen for its fiscal year that ended March 31st.
The whole saga has led IEP stock lower with prices dropping 15.14% to $32.22 at the close of trading on Wednesday.
Robinhood CEO Vlad Tenev said the trading app will continue to “deliver strong financial performance” following Q1 2023 report.
The recent earnings report is the second one since Iger became the CEO again in November 2022.
The Mortgage Bankers Association said there was a 10% jump in homeownership demand last week in anticipation of paused rate hikes.
Chicago Board Options Exchange parent Cboe has again filed for a spot Bitcoin ETF with the SEC despite being rejected in late January.
In Tuesday’s post-trading session, biotech firm Novavax saw its stock surge following “significant measures” taken to operate more efficiently.
Despite suffering a market cap setback in its fiscal Q3 of 2023, fintech platform Affirm expects full-year revenue of $1.56 billion.