By Alun John and John McCrank (Reuters) -Major crypto player Genesis Global Capital suspended customer redemptions in its lending business on Wednesday, citing the sudden failure of crypto exchange FT[...]
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Updated
Nvidia third-quarter revenue up on strong data center demand
By Chavi Mehta and Jane Lanhee Lee (Reuters) -Chip designer and computing firm Nvidia Corp beat expectations for third-quarter revenue on Wednesday, thanks to strong demand in its data center business[...]
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Cisco raises full-year outlook; announces restructuring
(Reuters) -Cisco Systems Inc raised its full-year revenue and profit forecast amid easing supply chain hurdles and announced $600 million in severance and other charges related to a new restructuring,[...]
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Bourse operator ASX flags $172 million hit from clearing software replacement halt
(Reuters) -Australian bourse operator ASX Ltd said on Thursday it would take a pretax charge of up to A$255 million ($172 million) in the first half as it derecognises the software being developed to[...]
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FTX’s Bahamas liquidators question the validity of U.S. bankruptcy
By Dietrich Knauth (Reuters) -Liquidators for FTX’s Bahamas unit, FTX Digital Markets, have asked a New York City court to recognize its bankruptcy in the Bahamas, saying they “reject the[...]
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Explainer-What’s next in FTX’s bankruptcy
By Dietrich Knauth (Reuters) – Crypto exchange FTX filed for Chapter 11 bankruptcy protection in the United States on Friday following its precipitous collapse, saying it could owe money to more[...]
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Argentina cenbank debt poses ‘systemic risk’ to financial sector, Moody’s says
(Reuters) – Argentina’s rising central bank debt poses a risk to the country’s monetary stability, ratings agency Moody’s said on Wednesday, adding it could further stoke infla[...]
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Amazon lays off some devices unit staff as it targets 10,000 cuts
By Jeffrey Dastin (Reuters) -Amazon.com Inc on Wednesday said it has laid off some employees in its devices group as a person familiar with the company said it still targeted around 10,000 job cuts, i[...]
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Flutter sees five-fold jump in Fanduel revenue long term
By Padraic Halpin DUBLIN (Reuters) -Flutter sees revenue at its rapidly growing and market leading U.S. Fanduel business jumping by 4.5 to 5-times to around $15 billion over the long term, the world[...]
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