Activision Shares Up 5% as Microsoft Wins Regulator’s ‘Blessing’ on Acquisition Deal
A UK competition regulator eases off slightly on the Microsoft-Activision deal, sending the gaming publisher’s shares soaring. Activision Blizzard Inc (NASDAQ: ATVI) shares surged Friday on positive news about the UK’s Competition and…
Turkish Crypto Startup Metatime Pulls $11M in New Funding
When it finally goes live, Metatime will be competing with the likes of established crypto exchanges serving the Turkish community including Coinbase-linked BtcTurk, Bitay, and Paribu amongst others. Turkish digital…
Goldman Sachs Note Expects Fed to Pause Next Rates Hike Following Banking Crisis
A Goldman Sachs economist anticipates that the Fed would suspend its forthcoming rates hike due to “stress in the banking system.” Goldman Sachs (NYSE: GS) believes the US Fed would not…
Mortgage Demand Up despite Interest Rates Volatility
The demand for mortgage is rising as high rates do not discourage prospective homebuyers for making mortgage applications. Mortgage demand has risen for the second consecutive week despite some volatility…
Pfizer Closes $43B Acquisition Deal with Cancer Drug Maker Seagen
Pfizer has been on an acquisition spree as it seeks to cushion the impact of a projected $17 billion revenue drop by 2030. Pfizer Inc (NYSE: PFE) has closed a…
Lego Set to Launch Metaverse Initiative in Conjunction with Epic Games
Danish toy giant Lego is building on its metaverse push by partnering with gaming facilitator Epic Games to target digital markets. The Lego Group is collaborating with gaming engine company Epic Games to…
Blockchain.com Decides to Shut Down London-based Crypto Asset Management Wing
Citing the strong deterioration in the macroeconomic data, Blockchain.com decided to shutdown BACM that served institutional players. The crypto market turmoil and liquidity issues have been impacting several crypto firms….
Bybit Partners Mastercard to Provide Crypto Card Payments in Select Regions
Crypto exchange Bybit has partnered with leading payment processor Mastercard to launch a debit card that facilitates crypto payments. According to reports, these cards would enable users to pay for goods and…
Revolut Reports First-Ever Annual Profit amid Stagnating Tech Industry
The reported first-ever annual profit by Revolut follows the fintech giant’s January decision to suspend launching RevCoin. British-Lithuanian neobank and fintech platform Revolut recently reported its first-ever annual profit due to increased…
US Stock Market Rattled as Key Inflation Gauge Ticks Higher Rate
Despite the current outlook, a major resilience play might be in the works for the US stock market in the mid to long term. Inflationary fears are far from over…