Slumps

Hipgnosis shares fell to fresh lows after it said it wouldn’t restart paying dividends for now after an independent report estimated the value of the company’s assets was more than a quarter lower than previous calculations. Hipgnosis shares fell to fresh lows after it said it wouldn’t restart paying dividends for now after an independent report estimated the value of the company’s assets was more than a quarter lower than previous calculations. FOLLOW US ON GOOGLE NEWS Read original article here Denial of…

The Chinese e-commerce giant attributed the 69% profit plunge to $3 billion in impairments linked to its Sun Art retailer business and its Youku video platform. The Chinese e-commerce giant attributed the 69% profit plunge to $3 billion in impairments linked to its Sun Art retailer business and its Youku video platform. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary…

MUMBAI - Tech Mahindra reported a disappointing set of quarterly numbers on Wednesday, as the consolidated net profit plunged 61% year-on-year (YoY) to Rs 510 crore and was below an ETNow poll of Rs 590 crore.Consolidated revenue from operations declined nearly 5% YoY to Rs 13,101 crore but was higher than the estimated Rs 12,790 crore. Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIIM LucknowIIML Executive Programme in FinTech, Banking & Applied Risk ManagementVisitIndian School…

Elon Musk's fortune slumped $13.6 billion Thursday after Tesla Inc. warned it may have to keep cutting the prices of its electric vehicles, sending shares tumbling.The drop in net worth to $241 billion further narrows the wealth gap between Musk and Bernard Arnault, the world's two richest people, according to the Bloomberg Billionaires Index. Musk's fortune still exceeds that of Arnault, chairman of luxury goods maker LVMH, by about $40 billion. Shares of Austin-based Tesla dropped 7% to $271.02 at 11:30 a.m. in New…

In the volatile world of cryptocurrencies, not all projects are created equal. Recent market trends have shown significant fluctuations in the prices of various tokens, with some experiencing notable slumps while others continue to soar. Two such tokens that have witnessed a significant decline in their value are FLOKI and SAND. Floki, inspired by the famous Elon Musk’s Shiba Inu meme, had gained considerable attention and excitement from investors. However, recent market conditions have led to a sharp decline in its…

Events in the past few days have given hope to investors as more crypto tokens are set to appreciate. However, some tokens are still giving investors concern, some of these tokens giving investors concern are Dash (DASH) and Iota (MIOTA). Both coins have suffered crumbling defeats in the last few days with analysts predicting no hope of recovery. Despite the uncertainties, some newly launched tokens such as Yachtify continue to mesmerize the crypto market with a huge amount of presale already recorded. Let’s have a look…

Apple's major supplier Foxconn Technology Group is planning to invest about $700 million on a new plant in India. Foxconn already has manufacturing facilities in Tamil Nadu and Andhra Pradesh, and this investment is one of Foxconn’s biggest single outlays to date in India. It plans to set up a plant to make iPhone spare parts on a 300 acre site located close to Bengaluru International Airport. Read the 7 things you must know about the company.Shares of Apple Inc supplier Cirrus Logic Inc tumbled about 12% after a…

AXA Mansard Insurance saw a two-fifth drop in profit for the financial year 2022 much as gross premium written expanded, its unaudited earnings report showed on Tuesday. The underwriter’s earnings took a hit from a sharp surge in gross claims expenses and re-insurance spending. Bucking the financial performance, shares in the company gained 6.3 per cent per unit in Lagos, its biggest daily gain in more than five weeks, following the release of its financial statements. The insurer wrote N69 billion in gross…

After a decade of frantic growth, China’s smartphone market is hitting a speed bump as COVID-19 roils the world’s second-largest economy. The country’s smartphone shipments dropped 14% year-over-year in 2022, reaching a ten-year low, according to research firm Counterpoint. It was also the first time that China’s handset sales had slid below 300 million units in ten years, according to Canalys. Even in December, which has historically seen seasonal jumps in sales, China recorded a 5%…

Intel Corp. INTC 1.31% reported a fourth-quarter loss, hurt by a souring market for its chips and growing competition from rivals, as it also issued a gloomy outlook for the current quarter. Semiconductor companies have seen a stark shift to a glut of chips amid recession fears from a period of shortage during the height of the pandemic driven by demand for all-things digital. Intel also has been battling loss of market share to rivals such as…