Monday, April 7, 2025
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Walmart Q1 2023 Results Sees Retail Giant Beat Expectations on Earnings & Revenue despite Prudent Consumer Spending

Walmart “leveraged expenses and expanded operating margin” in Q1 2023 and now expects a 3.5% increase in consolidated net sales for the year.  Walmart Inc (NYSE: WMT) has raised its 2023 full-year guidance following its stellar Q1 earnings report. On Thursday, the multinational retail corporation reported better-than-expected revenue, which was boosted by grocery and

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Barclays and JPMorgan Contribute $55M into Funding Round for $4.5B Insurance Tech Giant Wefox

Despite the troubled tech space, German InsurTech firm Wefox recently raised $110 million in debt financing and fresh equity funding.  On Wednesday, May 17, insurance technology startup Wefox announced $110 million in funding from investors, including JPMorgan (NYSE: JPM) and Barclays (LSE: BARC). According to Wefox, the American and British banking giants contributed half of

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Web3 Giant Axie Infinity’s AXS Token Jumps 12% After Firm Lists Game on Apple App Store

Initially, Apple store users across Latin America and Asia in countries including Argentina, Colombia, Peru, Mexico, Venezuela, Indonesia, Malaysia and Vietnam will have access to the card-based game called Axie Infinity. The game already has 1.5 million installations across all platforms. Sky Mavis, the creator of the play-to-earn project, plans

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Banking Giant BNY Mellon Announces Its Long-Term Committment to Digital Assets

The American banking giant will be focusing on three key initiatives – distributed ledger technology, tokenization, and digital cash. Over the last few years, traditional banking players have been showing some affinity towards crypto assets and America’s oldest bank BNY Mellon is the latest to join the bandwagon. BNY Mellon is

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Private Equity Giant Apollo Global Shows Interest in Acquiring Bankrupt Crypto Firm Celsius

Apollo Global, with $500 billion in assets under management, is looking to revamp the bankrupt Celsius Network in partnership with Provenance Blockchain. It’s nearly a year since crypto lender Celsius Network filed for bankruptcy after slipping into a liquidity crisis following the fall of the Terra ecosystem. In the latest

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