- Mon. Aug 8th, 2022
Gold drops after biggest weekly gain in March
The market is waiting for data on employment in the US Gold fell after posting its biggest weekly gain in March, as investors await new data on the global economy…
NXP Semiconductors Bullish for Industrial and Demand
Strong outlook for the current quarter NXP Semiconductors HB, the world’s second-largest supplier of automotive chips, issued optimistic forecasts for the current quarter, citing increased demand for automotive components. The…
Musk’s lawsuit heads to settlement conference
Elon Musk lawsuit – Go Private Tweet Tesla Inc. will attend a settlement conference to discuss the potential dismissal of a securities fraud case stemming from Musk’s 2018 privatization tweets.…
Sony Cuts Forecast As PlayStation Outlook Decreases
Third-party game sales estimates have been revised down Sony Group Corp. has reduced its fiscal year earnings forecast, and its PlayStation division is expected to contribute less than previously estimated.…
Bitcoin Surpasses $23,000
Less Aggressive Fed Supports Cryptocurrency The prospect of a less hawkish Fed encourages speculation that the crypto winter is about to end. The largest cryptocurrency by market capitalization gained 2.9…
India expects record 5G revenue
Spectrum Auction Ends Wednesday On the first day of the 5G ether auction, India received bids worth 1.45 trillion rupees ($18.2 billion), with the firms of Asia’s richest men, Mukeshi…
Eutelsat and OneWeb will create competitor to SpaceX
The deal will be the latest in the race for low-Earth connections OneWeb Ltd. and Eutelsat Communication SA are planning to collaborate in an equity deal that values the British…
Barclays buys stake in cryptocurrency firm Copper
The firm’s adviser is former Chancellor Philip Hammond. Sky News reports that Barclays Plc. purchased stock in Copper, a cryptocurrency business that counts former chancellor Philip Hammond among its advisors.…
Forced Sale of Giphy by Meta Suspended
Court overturns CMA findings and orders new investigation After the court found issues with the agency’s method of research, the acquisition of Meta Platforms Inc. search engine GIF Giphy will…
Apple Pay accused of violating antitrust laws
EU investigation finds Apple abusing its dominance An antitrust case has been filed against Apple Inc. over Apple Pay, which is accused of leveraging its negotiating position in the mobile…