DiDi Global Reports Profits as It Gears Up for Hong Kong IPO

In a notable shift for the ride-hailing giant DiDi Global Inc., the company has announced that it has once again achieved profitability, marking a significant milestone as it prepares for its upcoming initial public offering (IPO) in Hong Kong. This news comes on the heels of a turbulent period for the company, which faced numerous challenges over the past few years, including regulatory scrutiny and intensifying competition.

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Bitcoin Miner Profit Measure Declines to Record Low, JPMorgan Reports

Profitability from Bitcoin mining, an integral element in the cryptocurrency universe, has fallen to a nearly record low, according to a report issued by JPMorgan Chase & Co. On October 1, 2024, the banking giant shared its analysis, which foretold possible turbulence for that vital part of the Bitcoin infrastructure.

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