Elon Musk officially owns Twitter—and now the hand-wringing about his ability to oversee the rest of his empire has begun again. Of all the concerns around Tesla however, Musk’s ability to manage his ...
Tag: Companies
Which Companies Make The World’s Critical Components?
| Getty Images Key Takeaways U.S. trade policy with China has negatively impacted many semiconductor stocks in 2022, but not all companies have been impacted equally. Take a snapshot look at INTC, TSM...
Pfizer Stock’s Post-Covid Future Looks Healthy
These reports, excerpted and edited by Barron’s, were issued recently by investment and research firms. The reports are a sampling of analysts’ thinking; they should not be considered the views or rec...
Alameda CEO Caroline Ellison says leaked balance sheet misses full story
Alameda Research CEO Caroline Ellison said Sunday that leaked information about the firm’s balance sheet only tells part of the story. On Nov. 2, CoinDesk reported that a leaked balance sh...
These Crypto Companies Slashed Their Workforce Since the Market Crash in April
In the aftermath of the crypto winter, which erased billions of dollars from the industry after last year’s rally to an all-time high, many firms have significantly reduced their headcounts over the p...
BetDEX to go live on Solana mainnet before World Cup in Qatar: Exclusive
BetDEX, a sports betting exchange built on a blockchain, will open on Solana mainnet on Nov. 17. The sports betting exchange will go live at the beginning of the FIFA World Cup in Qatar, said Va...
Oil Companies Lift Their Dividends as Cash Rolls In
It was a busy week for dividend increases at energy companies, a bonus for investors who have scored as the stocks have taken off this year. The sector is prospering as Russia’s war against Ukraine ha...
Layoffs sweep crypto as economic concerns mount; Dapper Labs, Bitmex among hardest hit
Crypto layoffs have continued into November. The industry faces not only an ongoing bear market marked by depressed digital asset prices, but also a tough macroeconomic environment where inflati...
Judge Pauses Albertsons’ $4 Billion Special Dividend From Kroger Merger
A Washington judge has blocked Albertsons Cos. from paying out $4 billion in dividends while regulators review its proposed merger with Kroger. King County Superior Court Commissioner Henry Judson a...
Google Cloud adding BigQuery support for Solana in Q1 2023
Google Cloud is adding support for the Solana blockchain in BigQuery, in order to make it easier to access Solana data. This comes nine years after it first added Bitcoin to the service. Support...
Elon Musk Says Twitter Can Be World’s Most Valuable Companies
Elon Musk said at the Baron Investment Conference: “Please subscribe to Twitter Verified, it’s $7.99.” He said Twitter can ultimately be “one of the most valuable companies in the world. Speaking at t...
Amber Group reduces valuation, seeks additional $100 million: Bloomberg
Tumultuous market conditions caused crypto trading platform Amber Group to reduce its valuation as the company pursues a new funding round. Amber Group now seeks $100 million at the same $3 bill...
Argentine unicorn Uala debuts crypto trading as inflation rattles country
Buenos Aires-based neobank Uala has started rolling out crypto trading in Argentina, with the feature already available to selected users. Customers can buy and sell bitcoin and ether on the fin...
$3.4 trillion outflows market capitalisation of the five largest U.S. companies in 2022
In 2022, the global economy’s growth has slumped significantly, with the high inflation and resulting interest rates impacting the stock market. Consequently, some of the most successful corporations ...
20 Visionary Korean Tech Companies Successfully Showcased at TechCrunch Disrupt 2022
SAN JOSE, Calif.–(BUSINESS WIRE)–TechCrunch Disrupt resumed its in-person event in San Francisco from Oct. 18th-20th, 2022 after 3 years due to COVID-19. The conference’s purpose is to bring together ...
The Block: Bitcoin mining stock report: Thursday, November 3
Most bitcoin mining stocks tracked by The Block fell in the markets on Thursday. Bitcoin was trading at around $20,190 by market close, according to data from TradingView. BTCUSD Ch...
Block reports $14.7 million net loss in Q3, $1.76 billion in bitcoin sales
Block Inc. reported a $14.7 million net loss in the third quarter and bitcoin sales volume of $1.76 billion in the third quarter. The net loss accounts for a $2 million impairment loss related t...
GM, Pfizer, Audi Pull Ads From Twitter After Musk Sale—Here Are The Other Companies Rethinking Their Ties
Topline Twitter owner Elon Musk’s plan to right the social media company’s financial ship while also loosening its content moderation rules could face early headwinds, with several large c...
PayPal reports $6.85 billion in Q3 net revenue, beats Wall Street estimate
Digital payments firm PayPal reported net revenue of $6.85 billion for the third quarter of 2022. The Wall Street consensus was $6.82 billion, according to Factset. Net revenue rose 11% year-ove...
dYdX introduces proposal for autonomous subDAO-based infrastructure
The decentralized autonomous organization attached to the dYdX derivatives protocol could see the formation of a number of autonomous subDAOs with infrastructure changes, the foundation proposed in an...
UBS AG unveils publicly traded digital bond that settles on blockchain
Investment bank UBS AG has introduced its new digital bond, which the bank says is the first-ever to be publicly traded and settled on both blockchain-based and traditional exchanges The digita...
Goldman Sachs developing crypto classification system with MSCI and Coin Metrics
Goldman Sachs is working with index provider MSCI and crypto data firm Coin Metrics to develop a crypto classification service. The investment bank’s crypto classification service will tar...
Recession Concerns Grow As Amazon Pauses Hiring And Major Tech Companies Announce Layoffs This Week
Topline Amazon announced plans Thursday to implement a corporate hiring freeze, as the country’s second biggest company contends with rising inflation and economic uncertainty—becoming the latest comp...
Why Are Some Companies Still Short Semiconductor Chips When Others Are Swimming In Them?
The auto industry is still suffering from semiconductor chip shortages, while other sectors are … [+] swimming in inventory getty There have been many reports recently of softness in the semicon...
Major Cryptocurrency Companies Have to Fire Most of Their Staff, What’s Happening?
Arman Shirinyan Biggest companies on market have no other choice but to cut their expenses The digital assets industry got hit with a series of huge layoffs at major crypto-related companies like BitM...
Rising Bitcoin Hash Rate Sets The Stage For Energy Companies
Bitcoin Mining hash rates are important security metrics as they signify the network’s overall resistance to malicious attacks. Hash rates also measure a blockchain network’s ability to process transa...
Think you had a bad week? Salesforce, cloud companies had some of their worst weeks ever
Salesforce Inc. and other cloud-software stocks shed red over the week, as the lining in cloud-software stocks Friday turned blood red instead of silver, sending some cloud companies and ETFs tracking...