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AI takes center stage as Microsoft and Google earnings signal booming market
26.4.2024
Microsoft and Google's Q2 earnings reports highlight significant revenue and profit increases, driven by their investments and advancements in AI technologies
‘Magnificent seven’ tech stocks tumble a whopping $280B as crypto surges
26.10.2023
Google's parent company Alphabet was the worst performer on the day, falling 9.5% in a massive $180 billion wipeout
‘The race is on’ for AI: Nvidia CEO bullish as Q2 revenue tops estimates
24.8.2023
Nvidia shares soared nearly 10% in after-hours trading, as the company beat Wall Street analyst expectations by more than $2 billion
Meta Q2 earnings: Reality Labs losses top $7.7B year to date
27.7.2023
Meanwhile, Meta's metaverse-building business has racked up around $21 billion in losses since the start of 2022
Robinhood's Q1 crypto revenue drops 30% from the previous year
11.5.2023
The money coming in for the trading app's crypto business reached $38 million over the first quarter of 2023, down from $54 million in Q1 2022
Pacwest Stock Plummets Over 35% Following Release of Q1 Earnings Report Amidst Turmoil in Banking Industry
2.5.2023
Following the acquisition of First Republic Bank by JPMorgan Chase, several regional banks such as Pacwest and Western Alliance experienced a significant drop in their stock prices. On Tuesday afternoon, all four major U.S. benchmark stock indexes are in decline as regional bank stocks hit...
Metaverse division's $4B loss drags on positive first quarter for Meta
27.4.2023
Zuckerberg expects Reality Labs operating losses to increase year-over-year in 2023
Block's Q4 Bitcoin revenue down 7% on crypto price decline
24.2.2023
Block Inc. outperformed analyst expectations and saw its share price jump in after-hours trading, but its Bitcoin revenue dipped due to price declines
Silvergate Bank Becomes Most Shorted Stock in US, but Sees Boost With Citadel Securities Stake
14.2.2023
Recent data shows that Silvergate Bank, a crypto-friendly financial institution, has become the most shorted stock in the United States, according to the Financial Industry Regulatory Authority. On Tuesday, Silvergate’s stock saw a rise after it was discovered that Citadel Securities holds...
HODL! Tesla hangs onto all its remaining $218M in Bitcoin in Q3
20.10.2022
The vehicle manufacturer's latest earnings report for the third quarter shows it's made no changes to its Bitcoin holdings since its huge sell-off in the second quarter
Zuckerberg unfazed about $2.8B metaverse division loss in Q2
28.7.2022
“This is obviously a very expensive undertaking over the next several years,” said Mark Zuckerberg
Coinbase CEO has ‘never been more bullish’ even after $430M Q1 loss
11.5.2022
“There are so many customers beating a path to our door that we have to have all hands on deck just to keep everything running,” Coinbase CEO Brian Armstrong explained on earnings call
Tesla Q2-2021 Earnings Call to Shed Light on Its Bitcoin Holdings
26.7.2021
The upcoming Tesla Q2-2021 earnings call, which will be announced this Monday after market hours, will at last shed some light on what has happened with the company’s bitcoin holdings. The company held more than 1.5 billion dollars in bitcoin on Q1 and has reported only one sale...
JPMorgan Chase execs weigh in on stablecoin regulation, crypto competition
16.1.2021
While the OCC's new stablecoin guidance doesn't have an impact on JPM Coin, it could lead to crypto payments if there's demand