Ethereum price has dropped below $3,000, hitting lows of $2,942 on Coinbase. The decline in the price of Ethereum comes as spot ETH ETFs saw a tepid debut in Hong Kong. Liquidations hit $320 across the crypto market, with over $96 million in ETH (over $78 million of it in liquidated longs). Ethereum has declined […]
Mercedes-Benz Group AG said on Tuesday that its revenue in the first quarter of fiscal 2024 amounted to €435.9 billion, falling 4% compared to the same period of 2023.Net profit plunged 25% to €3 bill
Despite record deals announced in the final quarter of 2023-24, the deal momentum has slowed down from a year ago as companies are witnessing clients signing more net new and transformational deals rather than renewing old deals. The new deals are often of smaller value, leading to a dip in the revenue of software companies primarily due to lesser discretionary expenditure by client firms. This has also resulted in vendor consolidation and slower decision-making on larger deals, said...
MNI Indicators released a report on Tuesday showing Chicago-area business unexpectedly contracted at an accelerated rate in the month of April. The report said the Chicago business barometer dropped to 37.
Meta’s shares dropped about 10% in extended trade following the report, evaporating $125 billion worth of stock market value.
Stellantis reported a disappointing first quarter as net revenues dropped 12%. The company is expecting a brighter future as they’re gearing up to launch 25 new models. The Jeep Wrangler, Grand Cherokee, and Dodge Hornet are the best-selling plug-in hybrids in America. Stellantis reported their first quarter results and the numbers were rough as net revenues fell 12% to €41.7 ($44.6 / £35.6) billion. That’s a disappointing result and the company chalked up the poor performance to “volume, mix...
Shares are up despite a revenue decline of 9% after company said it expects
American and Southwest airlines both say they lost money in the first quarter, and they're responding by trying to cut costs.
Cheaper vehicles could be stripped-down versions of older models
The Musk-led firm’s revenue fell in the first quarter as it handed over fewer electric vehicles to customers due to slowing demand and intense competition worldwide.
Hong Kong police have received over 28,000 tip-offs via the anti-terrorism hotline since its launch in June 2022, including reports of suspected possession of weapons and suspected harbouring of explosives. Police told HKFP on Wednesday that public vigilance against terrorism increased as the authorities heightened promotion and educational efforts, and encouraged residents to report suspicious […]