Crypto-related stocks jumped higher on Monday due mainly to the modest Bitcoin rally that took the leading token above $17,200. BTC has wallowed in the mid-$16K range since early December and is now up 5% in 2023.
Global investment bank Goldman Sachs Group Inc is expected to lay off about 3,200 workers beginning this week. This represents 6.5 percent of the firm’s 49,100 staff.
On Monday, January 9, the Swiss central bank reported losses of $143 billion for the financial year 2022. This is the biggest loss reported by the central bank in its 116 years of history.
Small satellites launcher Virgin Orbit Holdings Inc has recorded a massive slump in its share price following its failed space mission from the United Kingdom.
Hesai Technology, the Chinese leader in lidar technology for autonomous driving and ADAS, is planning to file for a US initial public offering as early as next week.
