downturn

Amidst the losses suffered by numerous investors due to failed crypto projects, a ray of hope shines through with the emergence of projects like Sparklo, poised to revolutionize the world of crypto investments. As experts seek out viable investment opportunities capable of withstanding unfavorable market conditions, the spotlight turns to promising ventures like Sparklo. Meanwhile, Aave (AAVE) suggests launching GHO stablecoin on Ethereum and whales massively withdraw Polygon (MATIC) from BinanceUS. Sparklo (SPRK):…

The crypto market is unpredictable and as this volatility has recently been in downturn, many investors are hoping for an imminent revival as their portfolios are currently showing a loss. The search for the best crypto to invest in for long-term gain amidst market uncertainty is an unending battle, but some coins have maintained their bullish momentum amidst the downturn. InQubeta (QUBE), with its record-breaking presale success, has raised the bar as a credible investment with high rewards for investors. The AI crypto…

The bear market has struck once again; this time, nobody knows how long it will last. The market has seen a significant decline since the beginning of March 2023, and many investors have become very anxious about the future of cryptocurrencies. Over the past 48 hours, the market cap of most cryptocurrencies has decreased. Lido DAO (LDO) is one of the tokens badly affected. Uwerx, on the other hand, looks to be one of the few tokens unaffected by the current market situation. While other tokens like Lido DAO (LDO) suffer…

Apple had its second "bad" quarter in a row. Bad, of course, is a relative term — the company's revenues declined again, but Apple is still making a positively massive amount of money. Specifically, the iPhone and Services categories, both of which have been Apple's biggest money-makers for years now, saw revenue gains year-over-year. But this wasn't enough to offset declines everywhere else: the Mac, iPad, and Wearables / Home / Accessories divisions all shrank compared to this time a year ago. As such, Apple's overall…

TEL AVIV—Israeli technology companies are struggling to raise funds, recent data shows, amid a combination of global economic trends and investor concerns over how a proposal to overhaul the country’s judiciary could affect the sector, one of the world’s most vibrant hubs for startups. Israeli technology companies were hurt harder in the first quarter than other global tech hubs, data shows, suggesting the reasons behind the decline in fundraising go beyond macroeconomic conditions.  TEL…

LGLG Electronics's home appliance business unit recorded its highest operating profit to date for the first quarter this year despite the global economic downturn.The South Korean electronics maker said on Thursday that it recorded 20.41 trillion won in revenue and 1.49 trillion won in operating profit for the first quarter of 2023.Its home appliance business, which sells refrigerators, washing machines and air conditioners, contributed 1.02 trillion won in operating profit.It is the business unit's highest operating…

Samsung Electronics Co Ltd said it would make a "meaningful" cut to chip production, following the lead of smaller rivals, as it grapples with a sharp global downturn in semiconductor demand that has sent prices plummeting.The unusual output cut by the world's biggest memory chipmaker - with no previous announcement recalled by Samsung officials and analysts - came after it flagged a worse-than-expected 96% plunge in first-quarter profit.Investors brushed off the profit miss, betting the move by the industry leader would…

LG Electronics recorded a solid operating profit in the first quarter despite the global economic downturn. The South Korean electronics maker said on Friday that it posted 20.4 trillion won in revenue and 1.5 trillion won in operating profit in the first quarter of 2023. Both revenue and operating profit dropped on a year-on-year basis but its operating profit figure is its third-highest quarterly figure to date. LG credited the performance on its "radical improvement on effectively managing the business structure and…

The strong performance of the Galaxy S23 Series seemed to have saved Samsung from recording a loss. Image: Samsung SamsungSamsung said on Friday in its earnings guidance that it recorded 63 trillion won in revenue and 600 billion won in operating profit for the first quarter of 2023.Operating profit nosedived by 96% year-on-year and is the South Korean tech giant's lowest profit figure in 14 years since the first quarter of 2009 during the global financial crisis. Revenue also dropped by 19% from a year ago.South…

Taiwan Semiconductor Manufacturing Company (TSMC), the world's largest contract chipmaker, will recruit more than 6,000 new staff in 2023, the company said in a statement on Saturday. The hiring drive comes despite a global downturn in the chip industry.According to TSMC, the company will seek young engineers with associates, bachelor's, masters's or doctorate degrees in electrical engineering or software-related fields, in cities all across Taiwan.The average overall salary of a new engineer with a master's degree is T$2…