ECB Raises Interest Rates by Half Percentage Point amid Financial Sector Woes

After much thought, the ECB has increased interest rates by 50 basis points to stem sustainably high inflation.  The European Central Bank (ECB) recently hiked interest rates by another half a percentage point following today’s Frankfurt meeting. The ECB’s latest rate hike comes amid financial woes in the US and European banking sectors, with stocks taking a … Read more

Cathie Wood’s Ark Invest Raises $16 Million for Another Crypto Fund

Cathie Wood praised crypto assets for proving to be safe havens as crisis unfolded in the US banking system last week. Ark Investment‘s Cathie Wood is known for making some of the bold bets in crypto. Even during the strong downfall of 2022, Cathie Wood has been a regular investor in crypto companies like Coinbase. … Read more

Cisco Squashes Estimates in Fiscal Q2 2023, Company Raises Full-Year Outlook

Cisco has upped its guidance for the 2023 fiscal year to between $3.73 and $3.78 adjusted earnings per share Technology company Cisco Systems Inc (NASDAQ: CSCO) outperformed projections for earnings and revenue in its fiscal Q2. According to a press release, Cisco recorded $13.6 billion in revenue during the fiscal Q2, representing a 7% increase … Read more

NFT Animation Studio Superplastic Raises $20M with Backing from Amazon, Google

Superplastic will work with Amazon Studios to develop an animated comedy series that will feature the popular “synthetic” characters – Janky and Guggimon.  Creative NFT studio Superplastic has recently secured $20 million in Series A funding backed by some of the top-tech giants like Amazon, Google, Sony Japan, and Animoca Brands. Superplastic works on creating … Read more