Tag: LSE:SMT
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Why Smart Crypto Investors Are Adding Blockchain Stocks to Their Portfolios
Digital assets are transforming finance. But owning Bitcoin alone might mean missing half the opportunity.The blockchain revolution needs infrastructure. While Bitcoin and Ethereum capture headlines, the companies building exchanges, mining operations, and payment rails are creating enormous value. Edison Investment Research’s latest analysis reveals why blockchain equities deserve a place alongside cryptocurrencies in forward-thinking portfolios.…
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Tencent’s Revenue Rises, IBM and Google Invest in Quantum, Deutsche Bank to Reduce Office Space
Tencent’s Revenue Rises Tencent (HKF:0700), the Chinese tech giant, experienced accelerated revenues in the first quarter as the country’s economy rebounded after the end of its zero-Covid policy. In the three months leading up to March, the social media and gaming group reported an 11% rise in revenue, reaching Rmb150bn ($21bn) compared to the same…
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Market News: First Citizens Bank to Purchase SVB, Chairman of SBN Resigns, Accenture to Cut 19,000 Jobs
Record Inflow into US MMFs So far this year, more than $286bn has flowed into US money market funds, the biggest inflow since the Covid-19 crisis. The collapse of two regional US banks and the rescue of Credit Suisse (NYSE:CS) by banks has raised concerns about the safety of bank deposits. Goldman Sachs (NYSE:GS), JPMorgan…