Bitcoin skids to six-month low as fears of Ukraine conflict shake markets
Bitcoin tumbled almost 9% on Monday to its lowest in six months as fears of a Russian attack on Ukraine saw riskier assets worldwide extend their sell-off.
Analysis: A digital dollar is years away as U.S. Fed kicks issue to Congress
While the Federal Reserve’s paper on potentially adopting a central bank digital currency (CBDC) will advance debate in Washington, its decision to kick the issue to Congress means an official U.S. digital dollar is still several years away.
Chip supplier ASML forecasts strong 2022 despite fire hit
ASML forecast sales growth of 20% in 2022 despite a fire this month at its Berlin plant as the supplier to chipmakers on Wednesday reported better-than-expected fourth-quarter profit.
Stellantis Celebrates First Anniversary as it Speeds Transformation to Sustainable Mobility Tech Company
Born from the bold and visionary spirit of its founding companies, Stellantis N.V. was created to shape the future of mobility with innovative and sustainable solutions. Today, Stellantis marks its first anniversary with a review of the major milestones accomplished during the past 12 months.
Goldman profit hit by weaker trading, rising expenses; shares tumble
Shares in Goldman Sachs Group (GS.N) fell as much as 8% Tuesday after Wall Street’s premier investment bank missed quarterly profit expectations, hampered by weaker trading revenues and rising expenses.
Sony slides on ‘monumental challenge’ from Microsoft gaming deal
Shares in Japan’s Sony Group (6758.T) fell 9% on Wednesday after gaming rival Microsoft (MSFT.O) said it will buy developer Activision Blizzard (ATVI.O) in a record $68.7 billion deal for the industry.
Cadence Design Systems aims to cash in on new custom-chip era
Microchip design software maker Cadence Design Systems Inc (CDNS.O) is betting on growth from automakers and other chip users strapped by global supply shortages who face mounting competition from rivals such as Tesla Inc (TSLA.O) and Apple Inc (AAPL.O) that design their own chips.
Oil highest since 2014 as Turkey outage adds to tight supply outlook
Oil prices rose for a fourth day on Wednesday as an outage on a pipeline from Iraq to Turkey increased concerns about an already tight supply outlook amid worrisome geopolitical troubles in Russia and the United Arab Emirates.
Ford records $8.2 bln fourth-quarter gain from Rivian investment
Ford Motor Co (F.N) said on Tuesday its fourth-quarter results would include an $8.2 billion gain on its investment in Rivian Automotive Inc (RIVN.O), following the electric-vehicle maker’s blockbuster market debut in November.
Jewellery helps Richemont sales jump amid post-pandemic luxury revival
Strong demand for its jewellery and watches in the Americas and Europe in a post-pandemic rebound helped quarterly sales at Cartier owner Richemont rise by nearly a third, the world’s second-largest luxury group said on Wednesday.
