Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore

News

Stay up to date on the latest crypto trends with our expert, in-depth coverage.

banner
Flash
06:29
Under the pressure of rising storage chip prices, Sony expects lower sales of game consoles this year.
```htmlGolden Finance May 8th|Sony predicts that under the pressure of rising storage costs, its gaming business revenue may decline in fiscal year 2026 (ending March 2027). Sony stated that due to surging memory chip prices and supply chain disruptions caused by the Iran war, its gaming hardware revenue faces some impact. Sony said that the sales volume of its gaming hardware PlayStation 5 in the coming year will depend on whether it can obtain enough memory chips at a "reasonable price."```
06:24
South Korea announces that a fourth South Korean oil tanker has successfully passed through the Red Sea
The South Korean Ministry of Oceans and Fisheries stated that after the vessel was loaded with oil at Yanbu Port in Saudi Arabia, it crossed the Red Sea at around 11 a.m. For safety reasons, details of the voyage have not been disclosed. Since South Korea began using this route—which connects the Indian Ocean and the Mediterranean Sea and passes through the Suez Canal—to bypass the Strait of Hormuz, this tanker is the fourth South Korean oil tanker to pass through the route.
06:24
Layoffs in the technology industry may be reflected in US non-farm payrolls for April, but concerns about AI may be exaggerated
```htmlGolden Ten Data reported on May 8 that layoffs in the tech industry may be reflected in April's nonfarm payrolls data. According to reports in late March, Oracle laid off 30,000 employees, and according to reports in early April, Meta laid off 8,000 employees; these figures may be included in the data. However, real-time data tracked by the website "layoffs.fyi" indicates that layoffs in the tech industry have not accelerated. Several large-scale layoffs in March pushed up the total number of layoffs in the first quarter, but the layoff situation in April aligns more closely with the recent norm. Regardless of how April's employment data turns out, there is reason to believe that concerns about the upcoming "AI unemployment disaster" are exaggerated. Frank V. Vleitz, a strategist at Cartel Securities, pointed out that the fact remains, so far, there is little evidence in the economic data of widespread workforce displacement. Torsten Slok, an economist at Apollo Global Management, holds a similar view. He believes: "The key is, cost reduction does not lead to industry contraction. On the contrary, artificial intelligence will improve productivity and increase employment opportunities."```
News