GitLab shares declined as much as 38% after the provider of source code management software issued a full-year revenue forecast for GitLab that fell short of anticipations. GitLab lost 3 cents per share in comparison to the expected loss of 14 cents per share by analysts, as per Refinitiv. The revenue of GitLab stands at $122.9 million…
China’s leaders take a cautious approach to the estimate for the country’s economic recovery, after removing most of the Covid restrictions on business activity that were imposed in 2022. China announced a target of around 5% Gross Domestic Product (GDP) growth for 2023, with only a slight increase in fiscal support. The vice president and senior…
Goldman Sachs CEO David Solomon stated that asset management and wealth management will be the growth driver of the bank. Solomon said, “The actual story of opportunity for growth for us in the coming years is around asset management and wealth management. Goldman was already the fifth-biggest active asset manager in the world. There is genuine…
AT&T Inc, the second-biggest USA wireless carrier, is seeking a sale of its cybersecurity division, potentially to do away with its acquisition five years ago. The sale of the cybersecurity division would add to a series of divestments AT&T has turned to for paying down its debt. AT&T Inc purchased Time Warner Inc. for $108.7…
