Intel Sees Largest Quarterly Loss in Q1 2023, Revenue Down 36% YoY

According to the report, the company experienced a 133% annual reduction in its earnings per share for the quarter. Intel Corporation (NASDAQ: INTC) reported its largest quarterly loss in its Q1 2023 financial results. The company’s shares initially rose on the report, after which it fluctuated in extended trading sessions. At premarket trading, Intel is up … Read more

Cardano Blockchain Seeks to Become Largest EVM Chain with This Innovation

Milkomeda is working on a new feature that would allow Cardano users to use any EVM contract directly from any Cardano wallet. The Cardano blockchain has been recently working its way to becoming the top EVM chain in the crypto space. Milkomeda co-founder Sebastien Guillemot recently announced that the development can happen as early as … Read more

China’s Largest Chipmaker SMIC Posts Impressive 2022 Revenue

The revenue posted by SMIC is arguably one of the biggest signs of recovery for the Chinese economy. Semiconductor Manufacturing International Ord Shs (HKG: 0981) the largest chipmaker in China has posted better-than-expected revenue for the 2022 financial year. As reported by CNBC citing the company’s published financials, it said its revenue came in at … Read more

Japan’s Largest Pension Fund Bleeding Money as Global Economic Turmoil Seeps Deep

While the Japanese government’s pension fund, the largest in the world posted its losses, there are a number of global business outfits that are recording similar losses. As the global economy continues to fight for resilience, the world’s largest pension fund, the Japanese Government Pension Investment Fund (GPIF) has recorded another quarter of loss as … Read more