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In its fiscal Q3 2023 report, Microsoft CFO Amy Hood stressed that the company would continue to prioritize AI-related endeavors. Yesterday, Microsoft Corp (NASDAQ: MSFT) posted its fiscal Q3 2023 earnings report, which beat expectations on the top and bottom lines. In addition, the multinational tech corporation’s latest outing also surpassed
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The turmoil in the banking ecosystem from the United States as it concerns Silicon Valley Bank (SVB) stirred a ripple effect that was felt in Switzerland. The shares of Swiss multinational banking giant UBS Group AG (SWX: UBSG) are seeing a mild slump today after the firm revealed that its net
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There are different segments in the market with different performance outlooks and while the payments ecosystem took a slight hit, the earnings in the banking sector have been mixed across the board. The ongoing American earning season has pulled the mainstream stock indices lower as investors digested performances that show a
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Morgan Stanley has retained its stance as one of the top banks in the United States with influence spread around the world. American multinational banking giant Morgan Stanley (NYSE: MS) has released its performance and revenue report for the first quarter of this fiscal year, showcasing a result that is lower
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MicroStrategy's infamous Bitcoin (BTC) investment strategy is playing out profitably so far into 2023.Today, MicroStrategy's stock MSTR is up roughly 140% year-to-date (YTD) to $350 per share, its highest level since September last year. It mirrored Bitcoin's 90% YTD gains, maintaining a strong positive correlation with the top cryptocurrency.MSTR daily price
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The researchers also stated that ChatGPT could beat the commonly used models from Google, dubbed BERT along with the classifications based on dictionaries. OpenAI’s popular chatbot system ChatGPT hasn’t failed to surprise people across the world, and once again, it’s out to show its AI prowess. Earlier this month, two new
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Stock futures in the US climbed as investors brace for a crucial week of quarterly earnings from several large companies across sectors. Wall Street stock futures moved higher amid anticipation of more big bank earnings this week. On Sunday, stock futures tied to the S&P 500 climbed 0.16%, or 6.5 points, with the
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Bitdeer's, along with other bitcoin miners, financial performance deteriorated in 2022, in part due to worsening market conditions. The firm reported revenues of $330.3 million, and a loss of $62.4 million for 2022, compared with $394.7 million in revenue and a profit of $82.6 million the year before, according to
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Subject to regulatory approval, LCH has partnered with GFO-ax to offer the clearing of Bitcoin index derivatives. As the Bitcoin and broader cryptocurrency market gain global recognition amid banking crisis, the United Kingdom institutional investors can rest assured the Rishi Sunak government is pro-digit assets. In a stunning move, the London
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The London Stock Exchange will soon offer clearing services for Bitcoin futures and options.The BTC index derivatives clearing will be made available through the group’s clearing subsidiary LCH.LCH will provide clearing for cash-settled BTC index derivatives on the UK-based GFO-X exchange. The London Stock Exchange Group has announced its plans to
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