As many as 25 local companies that handle cryptos will be initially listed at Indonesia crypto stock exchange. All of them have obtained a license from the country’s top financial regulatory body, the Commodity Futures Trading Regulatory Agency.
The Snap employee layoff plan is seen by the company as crucial to remaining competitive in a weakening market.
While the overall outlook of the firm was further dampened with star investor Ryan Cohen offloading a huge chunk of his stake in the company, Bed Bath is committed to winning back the confidence of its customers, investors, and suppliers.
During a recent earnings call, Baidu revealed that its robotaxis wield a 10% dominance in the Yizhuang ride-hailing market.
The stock futures and the broader market is bound to see more pricing pressures with the proposed interest rate hike as planned by Federal Reserve officials.
The rate hike plans in the United States also complement an approach that European Central Bank (ECB) board member, Isabel Schnabel believes will be ideal for the region.
The European markets reacted as the Fed chair cautioned of “some pain” ahead in order to tackle inflation.
The first onset of the COVID-19 pandemic was adjudged to be very beneficial to tech giants as many people resorted to the services they provide to survive and get entertainment during the lockdowns. Today, the narrative seems to be changing across the board.
Without stating its expectations for the upcoming fiscal 2023, Peloton sees its subscribers staying flat in fiscal Q1 2023.
Tesla approved the 3-in-1 stock split in June, which does not affect the company’s valuation. The EV giant is still worth over $930 billion after the split.
The company added in the Q2 fiscal 2023 results that the guidance does not determine the value of the company’s “strategic investment portfolio as it is not possible to forecast future gains and losses.”
Since the peak of the coronavirus pandemic, Nvidia has been amassing profits from its latest generation of graphics cards.
For SpaceX, the partnership with T-Mobile is not the first experience of collaboration with a telecommunications company. Back in June, Musk said that SpaceX had “two quite significant partnerships with major country telecommunications companies.”
In announcing the fiscal Q2 results that led to the shares decline, Zoom also lowered its fiscal FY 2023 projections.
Macy’s is counting on early holiday sales to help maintain its revenue and earnings target for this current fiscal year.