Carvana Has Announced It Is To Lay Off 1,500 Employees As Share Prices Keep Falling
Carvana has announced that it is going to lay off a large number of its employees. In the announcement, Carvana mentioned that it has made...
Asian Forex Market Experiences A Surge But Gets Limited By The Feds
The Asian forex markets have experienced a surge in the latest trading session. On Friday, the forex trading market edged higher and was able to...
Esports Giant TSM Suspends Deal With FTX
Team SoloMid (TSM), the popular esports club, announced on Wednesday that they had decided to suspend their deal with FTX. They had signed a sponsorship...
Walmart Announces An Upgraded Guidance For The Entire Year, Stocks Surge 6%
On Tuesday, Walmart recorded a surge in share prices after the supermarket chain reiterated its earnings guidance for 2022. After announcing the reiteration, Walmart’s shares...
Alameda Research Moved Crypto Worth $89 Million Into A New Wallet
On-chain data showed that on November 14th, Alameda Research had moved FTX, Serum, and Uniswap tokens worth $2.7 million into a wallet. The trading desk,...
US-made Chips will Help Apple Inc. End Reliance on Asian Sources
Apple Inc. is set to reduce reliance on Asian-made chips upon completing the Arizona production plant. While addressing an internal meeting with the German local...
Positive Sentiment Emerges In Stocks after Rumors of Fed Cooling Down Interest Rates
Stock Market Rallied With A Few Hitches On 10th November, stock markets rallied globally because of the rumor that the US Federal Reserve may cool...
Crypto.Com’s CEO Shares Crypto Reserve Addresses After FTX Bankruptcy
The chief executive of Crypto.com, Kris Marszalek shared the proof-of-reserve addresses of the company on November 11th, which comprise leading crypto assets, such as bitcoin...
Sudden Hike in Stocks When China Showed Intent of Not Easing Covid Restrictions
China’s Refusal to Reduce Covid Restrictions Hikes Global Stocks Stock markets rose worldwide on the 7th although the Chinese Government did not consider easing the...
FTX Crash Becomes an Opportunity for Institutional Investors to Purchase Crypto
In the last week, a great influx was recorded in cryptocurrency investment products. It seems that it is the institutional investors who went for gains...