The report states, Some of the company’s sales personnel, in particular in China, reported what they believed to be significant increases in demand for Gaming GPUs as a result of crypto-mining. In …
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VistaREIT, Raslag IPOs okayed
THE Securities and Exchange Commission (SEC) greenlighted the initial public offerings (IPO) of VistaREIT Inc. and energy firm Raslag Corp.The commission on Thursday disclosed …
Nvidia fined $5.5 million for hiding how many gaming GPUs were sold to crypto miners
Nvidia will pay $5.5 million to settle charges that it unlawfully obscured how many of its graphics cards were sold to cryptocurrency miners. The US Securities and Exchange Commission announced the …
China lockdowns weigh on Adidas’s Q1 profit
German sportswear heavyweight Adidas on Friday reported a drop in its profits in the first quarter, as widespread coronavirus lockdowns hurt business in key market China. The group’s net profit from …
Adidas, Pummeled by China Lockdowns, Offers Weak Guidance
More from Footwear News Foot Locker Banks on New Adidas Partnership as Nike Scales Back Product at the Retailer adidas and Jeremy Scott Revive Their Iconic JS Wings Sneakers in Two Versatile Colorways …
How Much Should Beauty Companies Rely on China to Generate Growth?
Beauty companies may need to evaluate their reliance on China as a hyper growth market. For the past few years, many major beauty conglomerates have relied on China’s booming beauty market to drive …
Ports Race to Clear Cargo, Fearing an Import Overload When China Lifts Lockdowns
Western ports are bracing for increased congestion when China eventually lifts stringent Covid-19 restrictions in major cities, which could come just as many importers start to load up for the back-to …
Bitcoin Sell-Off Continues as Asian Markets Fall Amid Weak China Cues
Don’t miss CoinDesk’s Consensus 2022, the must-attend crypto & blockchain festival experience of the year in Austin, TX this June 9-12. Bitcoin (BTC) was down 1% throughout the Asian trading …
This chart explains why Moscow could turn to China to ramp up oil imports after an EU embargo
China has at least 83 million barrels of spare inventory capacity that could be filled with Russian oil made cheap by an EU embargo.
Bitcoin Drops Below $36,000 as Crypto Market Crashes—Here’s Why
Bitcoin increased by 5.20% after the Federal Reserve announcement but recently dropped by 7.90% to 35,571.90. Crypto experts theorize the reason behind the crash. Bitcoin’s price dropped by 7.90% to …
China’s Trade Seen Faltering in April as COVID Curbs Hit Output: Reuters Poll
China’s export growth is expected to have slowed to a crawl in April as strict COVID-19 curbs hit production while imports likely extended declines, creating heavy headwinds for the world’s …
China’s trade seen faltering in April as COVID curbs hit output
China’s export growth is expected to have slowed to a crawl in April as strict COVID-19 curbs hit production while imports likely extended declines, creating heavy headwinds for the world’s …
China’s government agencies and state run firms given ultimatum to replace foreign PCs within two years
The change comes as part of China’s decade long plan to replace imported technology with homegrown alternatives …
