Bitcoin (BTC) traders saw continued downward pressure after the 5.5% decline in BTC price on March 7. Increased odds of further interest rate increases by the Federal Reserve and regulatory pressure i...
Tag: macroeconomic
Lucid, Nikola, Lordstown Motors Suffer Underwhelming EV Production Numbers amid Macroeconomic Constraints
EV makers Lucid, Nikola, and Lordstown saw their stock decline mostly owing to disappointing failures regarding their production figures. Three electric vehicle (EV) startups that went public via spec...
Bitcoin Is ‘Unresponsive’ to Monetary and Macroeconomic News
Bitcoin, cryptocurrency’s flagship coin has been a grey area in relation to both monetary and macroeconomic factors. Different regulators, such as the New York Federal Reserve, deep-dive into this rel...
3M To Ax 2,500 Manufacturing Jobs Citing Turbulent Macroeconomic Forces
Education Images/Universal Images Group via Getty Images Key takeaways 3M announced poor Q4 results and a weak outlook for 2023 As part of the announcement, 3M announced a layoff of 2,500 workers, mos...
Colgate-Palmolive reports Q4 beat, despite ‘challenging macroeconomic conditions’
Colgate-Palmolive Co.’s CL, -5.31% fourth-quarter results beat analysts’ top and bottom-line expectations before market open Friday. The company earned 1 cents a share, compared with 18 cents a share ...
Gemini Announces 10% Layoff Citing Negative Macroeconomic Conditions
In August 2022 Gemini had reduced its workforce by 7% and 10% in July. the SEC claims that securities were offered and sold without being registered. A representative for Gemini, a cryptocurrency exch...
Top 3 Macroeconomic Events That Can Shape Crypto Industry In 2023
The year 2022 was difficult for crypto assets, and as the globe enters 2023, the macroeconomic scenario looks gloomy. Macroeconomic developments will continue to shape the crypto economy as well as th...
Top 3 Macroeconomic Events to Watch in 2023 Amid Volatile Market Conditions – Economics Bitcoin News
2022 was a tough year for crypto assets, and as the world welcomes 2023, the macroeconomic backdrop remains uncertain. Macroeconomic events will continue to shape the crypto economy and the economy as...
European Stocks Closes 2022 on Bearish Sentiment Fueled by Macroeconomic Factors
The European stocks have experienced more headwinds in the past few months after the Kremlin imposed an indefinite oil cut-off to Eurozone countries. European stocks are set to close 2022 on a bearish...
Bitcoin Lingers Above $17,000 Amid Macroeconomic, Recession Concerns For 2023 ⋆ ZyCrypto
Advertisement     On Saturday, Bitcoin continued to trade above $17,000 albeit flatly, after recapturing that price mark in late November. At press time, the top crypt...
Top 10 crypto fall as BlockFi enters bankruptcy, macroeconomic concerns spread
Bitcoin and Ether fell in Tuesday morning trading in Asia as U.S.-based crypto lender Blockfi filed for bankruptcy overnight in what is seen as another casualty of the collapse of the FTX exchange thi...
Commodities veteran suggests Bitcoin price slump can trigger ‘macroeconomic dominoes’
The cryptocurrency market has been rocked by the FTX exchange crisis, which has resulted in a significant capital outflow from most digital assets. With assets like Bitcoin (BTC) correcting to a new y...
Dapper Labs Slashes Staff by 22 Percent, Citing ‘Macroeconomic Environment’
Roham Gharegozlou, Founder and CEO of Dapper Labs, announced late Wednesday that the well-known Web3 studio has reduced its team size by 22%. “These reductions are the last thing we want to do, ...
NFT Giant Dapper Labs Lays off 22% of Staff Citing Macroeconomic Environment
Web 3 companies are feeling the crunch of a bear market. The latest one to announce slashing its team size to cope with the deteriorating economic conditions is NFT powerhouse Dapper Labs. Citing the ...
Microsoft ensnared by the ‘macroeconomic storm’ — here’s what analysts are saying
Even mighty Microsoft isn’t immune to the economic slowdown continuing to wreck havoc on companies both large and small. Microsoft stock tanked about 6% in premarket trading on Wednesday as the ...
Elon Musk Weighs In on Pending Twitter Acquisition, Macroeconomic Issues at Latest Tesla Q3 Earnings Call
At the latest Tesla earnings call, Elon Musk stated that Twitter has much greater potential than current value. Tesla (NASDAQ: TSLA) executives recently addressed a sweeping range of macroeconomic iss...
Bitcoin mining power reaches all-time high in spite of macroeconomic concerns
Despite the total cryptocurrency market capitalization remaining below the coveted $1 trillion mark it had surpassed in early September and the price of Bitcoin (BTC) struggling to reach the $20,000 m...
Palantir CEO Alex Karp says tidal wave of macroeconomic risks will wipe out some companies
Alex Karp, CEO of Palantir arrives ahead of a “Tech For Good” meetup at Hotel Marigny in Paris on May 15, 2019, held to discuss good conduct for technology giants. Bertrand Guay | AFP | Ge...
Cryptocurrency Market Can Overcome Its Macroeconomic Woes
Crypto investors are treading a tightrope this year BTC Price at the time of writing – $19,243.50 Total crypto market capitalization shrunk by 53% Crypto financial backers are stepping a tightrope thi...
Here’s how the cryptocurrency market can overcome its macroeconomic woes
Crypto investors are treading a tightrope this year, which looks to extend into the longest bear cycle in crypto history. This anxiety may seem worn out for crypto veterans, but have we entered comple...
Market guru says Bitcoin to hit $100k after the current global macroeconomic winter
Bloomberg Intelligence senior commodity strategist Mike McGlone has maintained that Bitcoin (BTC) will trade at $100,000 by 2025 once the current macroeconomic environment characterized by high inflat...
Biden forgives half a trillion of student debt – a macroeconomic deep dive
Last week, US President Joe Biden made the watershed announcement that up to $10,000 of student debt would be forgiven for qualifying borrowers. This decision has massive implications across the board...
Baidu beats earnings despite facing macroeconomic and operational hurdles
Chinese technology stocks have been under a lot of scrutiny lately by both their government and investors in general. Despite this, the sentiment looks like it could shift, especially if positive earn...
Digital Asset Macro Environment | Q2’22 Update
July 29, 2022, 1:06PM EDT • 1 min read Quick Take Update on Q1’22 Digital Asset Macro Environment(1) Analysis and impact of current inflation market Wall Street remains bullish long term on public dig...
XRP records an ADV decline of 22% in Q2 2022 as unfavourable macroeconomic conditions persist ⋆ ZyCrypto
Advertisement     The downturn that has tormented the crypto markets of late has left a trail of perished ventures in its trail, alongside billions in investor losses ...
Prime Day 2022 Delivered Despite Macroeconomic Concerns
FILE – An Amazon Prime logo is seen on the side of a delivery van as it departs an Amazon Warehouse … [+] location on Oct. 1, 2020, in Dedham, Mass. Amazon will be offering discounts on a ...
Opensea Cuts 20% of the NFT Market’s Staff, Citing ‘Crypto Winter’ and ‘Macroeconomic Instability’ – Bitcoin News
The largest non-fungible token (NFT) marketplace by trade volume, Opensea, has announced the company has let 20% of its staff go after CEO Devin Finzer said the layoffs were due to a combination of “c...
Macroeconomic Factors to Blame for Crypto Crash With More Pain Likely to Come: Coinbase Report
It comes as no surprise that worsening macro-factors have been the cause of the current crypto bear market. However, Coinbase confirmed the notion in a blog post on July 5, adding that the other third...
Nvidia, Intel, Other Semiconductor Companies Slash Earnings Outlook Following Notable Macroeconomic Factors
Nvidia expects to sell significantly fewer semiconductor chips after the crypto winter and inflation reduced global demand. Nvidia Corporation (NASDAQ: NVDA) and several other semiconductor companies,...
As Macroeconomic Clouds Darken, Only HODLers Remain in Crypto
Hardened HODLers remain the only strong hands left in crypto and Bitcoin markets as all the “tourists” have been flushed out, according to Glassnode. In its latest weekly on-chain analytics report tit...
Powell Sees No ‘Macroeconomic Implications’ From Bitcoin Price Swings, But ‘Better Regulatory Framework’ Still Needed
The Federal Reserve is closely watching the crypto world—but isn’t worried, according to the central bank’s chairman. Fed Chief Jerome Powell said today at a Senate committee meeting that the bank sa...