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On Friday, the Labor Department reported a March job growth that is way off February’s upwardly revised figure of 326,000. US job growth amounted to 236,000 for March amid slowing signs in the labor market. The figure puts the Labor Department’s Friday payroll growth report close to the Dow Jones estimate
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Solana network faced a slowdown in block production on Fev. 25 following the upgrade in the validator software. The incident resulted in disruptions to transactions and led validators to downgrade the software in an attempt to restore network performance. The technical issue started around 6:00 AM (UTC), leading validators to downgrade
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"The variance between the first half of the year and the second highlights the rapid shift in investor sentiment," said Anton Ruddenklau, Global Head of Financial Services Innovation and Fintech, KPMG International. "But the news wasn't all negative. Regtech, in particular, saw incredible investment in 2022." Source
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American multinational telecoms conglomerate Comcast had a commendable Q4 2022 outing despite stacked losses from its Peacock platform. On Thursday, Comcast Corporation (NASDAQ: CMCSA) reported its Q4 2022 earnings, which beat expectations amid a slowdown in broadband growth. Comcast’s fourth-quarter performance surpassed the consensus estimate despite mounting losses from its Peacock streaming service.
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While Bitcoin mining firms face major operational challenges they continue to add more rigs and make slimmer profits from their existing machinery.During the crypto winter of 2022, Bitcoin miners had a really tough time with BTC prices collapsing and profitability sinking. On the other hand, the rising energy costs contributed
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On Jan. 10, 2023, the World Bank published its Global Economic Prospects report, stating that the outlook for the global economy and future economic conditions is bleak. According to the report, 2023 growth forecasts have been cut across the board, with the global economy projected to grow by 1.7% in
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The International Monetary Fund (IMF) has warned that 2023 will be a tougher year for most of the world economy because the U.S., EU, and Chinese economies are all slowing down simultaneously. “We expect one-third of the world economy to be in recession … Even countries that are not in
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Users of the crypto exchange Gate.io are facing slow deposits and withdrawals on transactions due to a node maintenance from a third-party cloud provider, according to an announcement on Dec. 18. Gate.io said the transactions are still being processed, and claimed the funds of users are safe. The company stated:"At this
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Slower inflation often portends a decline in corporate profitability, which is yet to be priced in by risk assets, Steno Research's Andreas Steno Larsen said. Source
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“While travel and retail were again the largest contributors to growth, Google did see a pullback in spend in the financial services vertical from insurance, loan, mortgage, and crypto advertisers,” Canaccord Genuity analyst Maria Ripps said in a note to clients. “Network and YouTube also faced difficult comps and FX
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