Corporate Strategy/Planning

Intel earnings slammed on Wall Street: 'Such a disconnect between the company's optimism and the current reality'

Intel earnings slammed on Wall Street: ‘Such a disconnect’ between company’s optimism and reality

Intel Corp. drew sharp criticism from analysts after the company reported results that were disappointing on many fronts, indicating a storm of macroeconomic, competitive, and execution challenges. The chip company fell far short of expectations on revenue, profit, and gross margins in its late-Thursday report, and executives issued a forecast for the current quarter that …

Intel earnings slammed on Wall Street: ‘Such a disconnect’ between company’s optimism and reality Read More »

Crypto crash: What contagious risks could Celsius, Three Arrows pose? Here’s what to watch

Crypto crash: What contagious risks could Celsius, Three Arrows pose? Here’s what to watch

The latest crisis started Sunday with Celsius, one of the biggest crypto lending platforms, pausing all withdrawals, swaps and transfers between accounts. The company reportedly has hired restructuring attorneys to advise on possible solutions for its mounting financial problems, according to a Tuesday report by the Wall Street Journal.  Meanwhile, rumors swirled over potential stress …

Crypto crash: What contagious risks could Celsius, Three Arrows pose? Here’s what to watch Read More »

Coinbase to Lay Off 18% of Staff Amid Crypto Meltdown

Coinbase to Lay Off 18% of Staff Amid Crypto Meltdown

Further waves of reckoning swept through the cryptocurrency industry Tuesday, with exchange company Coinbase Global Inc. saying it would cut almost a fifth of its staff and crypto lender Celsius Network LLC hiring a law firm to examine restructuring options. Coinbase, one of the signal growth companies of the crypto boom, said it was slashing …

Coinbase to Lay Off 18% of Staff Amid Crypto Meltdown Read More »