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China’s Xpeng shares were trading lower in US pre-trade after the EV company forecast significantly lower vehicle deliveries for Q2. The shares of Chinese electric vehicle (EV) giant XPeng Motors (NYSE: XPEV) slid 5% following missed Q1 earnings and a gloomy delivery forecast. Xpeng shares sank in US pre-market trade after the company reported a 50%
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The report says that macro drivers favor MicroStrategy shares in terms of the de-dollarization of the world economy. The German investment bank Berenberg said that investors seeking exposure to cryptocurrencies are better served if they buy the shares of MicroStrategy than those of Coinbase. A Monday report revealed to the media said
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Wise saw its shares dip Monday after management announced that long-serving CFO Matt Briers would leave the company early next year. Shares of British fintech firm Wise (LON: WISE) slipped 4% on news of CFO Matt Briers’ resignation next year. The London-based company’s stock slide also comes amid reports of CEO Kristo Kaarman’s paternity leave
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In this episode of Hashing It Out, recorded on the eve of Bitcoin 2023 in Miami, Cryptox’s Elisha Owusu Akyaw spoke to Cryptox journalist Joe Hall about what it means to be a Bitcoin (BTC) supporter and the current state of the Bitcoin network. The discussion ranged from Bitcoin maximalism and
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The new Meta Training and Inference Accelerator (MTIA) chip shall specifically handle “inference”, an already-trained AI model that makes a prediction or takes action. For the very first time, Facebook parent Meta Platforms Inc (NASDAQ: META) publicly announced that it is working on custom computer chips which will help the company
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The job cuts will happen despite an increase in its network connection, whereby BT Group reported a total of 8.6 million 5G connections, up 62% last year. Shares of BT Group PLC (LSE: BT.A) dropped as much as 8 percent on Thursday to trade around £136.85. The sudden drop in the
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Musk noted that Tesla will conduct a third-party audit of its cobalt supply chain to ensure there is no child labour in the supply chain. During this year’s Tesla Inc (NASDAQ: TSLA) annual shareholders meeting – held on Tuesday in Austin, Texas – tech billionaire Elon Musk charged the crowd with
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Vodafone shares took a beating today amid company plans to layoff thousands of workers, and properly allocate resources. Vodafone (LON: VOD) shares fell 7% on Tuesday following a mass layoff announcement by the British multinational telecom company. In a statement, chief executive officer Margherita Della Valle said the company’s plan to
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To combat illegal crypto transactions, the Secret Service has successfully seized millions of dollars in cryptocurrency from criminals. The US Secret Service revealed that it trades crypto and owns a small collection of NFTs in an Ask Me Anything (AMA) session on Reddit. According to reports, the Secret Service also acknowledged
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