Morgan Stanley, one of the world’s largest investment banks with over $1.4 trillion in assets under management (AUM), is reportedly considering allowing its brokers to directly recommend Bitcoin exchange-traded funds (ETFs) to its customers. JUST IN: Morgan Stanley may allow its 15,000 brokers to recommend #Bitcoin ETFs to their clients: Reports Gradually, then suddenly 🙌…
Hong Kong’s highly anticipated spot bitcoin exchange-traded funds (ETFs) are slated to launch by the end of April, according to various industry sources. NEW: 🇭🇰 Hong Kong #Bitcoin ETFs to start trading by 30th April and could bring in $25 billion: Reports Just a matter of time 🚀 pic.twitter.com/Y1Xo4JVrO7 — Bitcoin Magazine (@BitcoinMagazine) April 17, 2024…
cemagraphics A Handful of Tech Reports Set the Stage for Peak Earnings Season As tech and tech-adjacent names began to report earnings last week​, the tone of the Q4 earnings season tilted slightly more positive and set the stage for more highly anticipated reports this week. While some individual results were disappointing, as a sector,…
Justin Sullivan Oracle reports their fiscal Q2 ’24 quarter after the close tonight, with sell-side consensus expecting $1.32 in earnings per share on $13.0 billion in revenue and operating income of $5.57 billion for expected y.y growth of 9%, 6% and 9% respectively. The last (August ’23) quarter, the stock was hit hard after the…
ipopba/iStock via Getty Images Markets continued to rally for most of last week, before taking a breather on Thursday and Friday. The major indices are now up over 6% for November after a rough patch from August-October.1 Leading stocks higher during the first half of last week was encouraging data on inflation. Both the Consumer…
Joe Scarnici Funko (NASDAQ:FNKO) has been right-sizing its business operations, inventory stock, and product lines in an attempt to show better profits and net income. The company recently reported better financial performance compared to the last three quarters. It shows improvement but it will take more time for there to be significant improvement. The current…
honglouwawa October lived up to its billing as being among the most volatile months on the calendar. What began as a light-volatility correction at the start of August gradually escalated into more broad-based selling, with some of the market’s year-to-date leaders finally being taken out to the woodshed. A few of the Magnificent Seven had…
Apple reported quarterly revenue of $89.5 billion, down 1 percent YoY, and a cash pile of $162.1 billion down from $166.5 billion at the same time last quarter. After closing Thursday’s trading session on a bullish outlook, Apple Inc (NASDAQ: AAPL) stock dropped approximately 3.39 percent during the after-hours to trade around $171.55. Now, in…
In light of HSBC’s robust results, the banking giant’s board approved a third interim dividend of 10 cents per share. HSBC Holdings Plc (LSE: HSBA.L), Europe’s largest bank by assets, has reported remarkable financial results for the third quarter of 2023, with its profit after tax surging to $6.26 billion. Beyond Profits: HSBC’s Q3 2023…
Following the Q3 2023 report, Intel stock rose by more than 7% in after-hours trade, after closing the session at $32.52 per share. As of the press moment, Intel stock is trading at $35.15. Its market cap has hit $137.49 billion. Year-to-date, Intel shares are 23.04% up. The world’s largest manufacturer of central processing units and semiconductors…
Mercedes-Benz cited higher inflation, supply chain-related costs, and a 329-million-euro foreign exchange setback, among the factors that shrank its Q3 2023 earnings. Luxury car maker Mercedes-Benz Group AG (ETR: MBG) has revealed that its earnings took a hit in the third quarter (Q3). According to a Thursday announcement by the firm, this reflects the current…
Verizon Communications closed the third quarter with 10.3 million broadband subscribers, a 21 percent increase YoY, thus representing its consecutive fourth quarter of net additions. Verizon Communications Inc (NYSE: VZ), a holding company that engages in entertainment products and communication services, announced its Q3 2023 earnings results on Tuesday, October 24. According to the announcement,…
andreswd Visa Inc (NYSE:V) reported strong Q4 FY 2023 results that topped analyst estimates. Additionally, V announced a 15.6% increase in its quarterly dividend to $0.52 per share from $0.45 per share previously. The company also announced a new $ 25 billion share repurchase program. Given these strong results, I would have expected shares to…
Coca-Cola is one of the few beverage and food companies worldwide still standing strong despite the ongoing global financial meltdown. Coca-Cola Co (NYSE: KO), the global beverage giant, has demonstrated impressive resilience in its recently reported third-quarter (Q3 2023) earnings, beating analysts’ estimates and raising its outlook for the full year. The company reported net…
ASML is taking a conservative view of 2024, with revenue projections similar to 2023. ASML Holding NV (NASDAQ: ASML), one of the world’s leading semiconductor firms has reported a significant year-on-year rise in profit for the third quarter of 2023, exceeding analyst expectations. However, the company forecasts that its revenue in 2024 will remain flat….
WhatsApp has a user base of over 2 billion people worldwide and analysts have predicted that it will eventually take advantage of this and monetize the service. Tech giant Meta has dismissed claims that it is considering adding ads to its WhatsApp messaging app. This comes after the Financial Times reported that teams at Meta…
Coinbase’s journey into the Indian crypto market has been marked by challenges since the beginning of its launch. Leading American crypto exchange Coinbase has issued a clarification regarding the termination of its exchange services for Indian users. In a move that has raised eyebrows within the virtual asset community, Coinbase sent out emails to certain…
Along with holding Bitcoins on its balance sheet, Bitfinex also supports Bitcoin Layer 2 networks, such as the Lightning Network and the Liquid Network. Similar to some of the big corporates, crypto exchange Bitfinex announced that it’s holding Bitcoins on its balance sheet. Bitfinex has a longstanding practice of retaining a portion of its trading…
Drazen_/E+ via Getty Images By James Knightley, Chief International Economist ISM manufacturing index signals 10 months of contraction US ISM manufacturing index rose more than expected in August to stand at 47.6 versus 46.4 in July (consensus 47.0), but this is the tenth consecutive month it has come in below the break-even 50 level i.e….
Despite reporting stronger guidance than expected by analysts, Salesforce highlighted that market uncertainty continues to pressure its future growth prospects. Salesforce Inc (NYSE: CRM), a leading American cloud-based software company, announced several announcements on Wednesday, including fiscal Q2 2024 ended July 31, 2023. According to the announcement, Salesforce recorded an adjusted earnings per share of…
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Gap Inc’s new CEO Richard Dickson took over after the company reported an 8 percent drop in sales in Q2 to $3.55 billion, compared with $3.86 billion a year earlier. Gap Inc (NYSE: GPS) shares closed Thursday trading at $9.53, down 1.24 percent from the day’s opening price. The losses were however recovered during the…
Driven by the high demand for AI products, Nvidia reported a significant increase in revenue and expects exponential growth ahead. Nvidia Corp (NASDAQ: NVDA) shares closed Wednesday trading at $471.16, up 3.17 percent from the day’s opening price. The NVDA gains extended by about 6.58 percent during the after-hours session to trade at about $502.15….
Zoom announced that its Q2 revenue came in at about $1.138 billion, up 3.6 percent YoY. Zoom Video Communications Inc (NASDAQ: ZM) shares closed Monday trading at $67.27, up 1.48 percent from the day’s opening price. The ZM shares continued in gains during the after hours with about 3.79 percent, to trade around $69.82. The…
According to the report, the company recorded a profit of $55 million on revenue of $1.5 billion during the first three months of the year after two consecutive years of losses.  Elon Musk‘s aerospace company, SpaceX, has managed to turn a profit in the first quarter of 2023, propelled by its rapidly increasing revenue, The…
SHIB, BONE, and LEASH tokens have all crashed over the past 24 hours because of a problem that allegedly resulted in lost Shibarium tokens. Tokens in the Shib universe have plunged to different levels following a problem with bridging on the recently-launched Shibarium. Members of the community holding these tokens were left disappointed as many…
Although slightly below the expected 32.3 billion yuan, Tencent’s profitability demonstrates its financial resilience in the face of economic turmoil. Chinese tech giant Tencent Holdings has released its second-quarter financial earnings report for the year. The company reported revenue of 149.2 billion yuan ($20.5 billion), showing an 11% increase compared to the 132 billion yuan…
Tencent Music entertainment noted that users are more willing to pay for the premium features. In Q2, the company registered 20% surge in the total paying users for its online music streaming service. On Monday, August 15, Tencent Music Entertainment Group, China’s leading online music and entertainment platform, reported a surge in revenue for Q2…
Despite the US sanctions and the current economic situation in China, Huawei has continued to innovate and diversify. Chinese tech giant Huawei Technologies has released its financial earnings report for the first half (H1) of 2023. The company announced a 3.1% rise in revenue, reaching 310.9 billion yuan ($43.1 billion) for the quarter. The revenue…
Saudi Arabia’s investment fund has reported a heavy loss worth billions of dollars from economic factors that reduced its many investments. The sovereign wealth fund in Saudi Arabia announced that it took a comprehensive loss in 2022 worth $15.6 billion. The loss came following an economic decline that caused a significant plunge in the value…
Despite the revenue drop during the second quarter, Saudi Aramco declared a $19.5 billion dividend payout to shareholders. Oil giant Saudi Aramco reported its Q2 numbers with 112.81 billion riyal ($30.07 billion) in net profit, a decline of 38% from the same period last year amid the drop in hydrocarbon prices. Interestingly, the second-quarter profits…
Ripple announced the recent ruling has pushed it to shift its approach to XRP market transparency, particularly on the escrow holdings. The recent ruling on SEC vs Ripple lawsuit has undeniably helped XRP gain in value and also traded volume. Following the ruling earlier last month, several centralized cryptocurrency exchanges including Coinbase Global Inc (NASDAQ:…
With falling commodity prices, BP and other oil giants faced significant headwinds taking a major hit on its profits during Q2 2023. On Tuesday, August 1, oil giant British Petroleum (LON: BP) reported a 70% drop in profits for Q2 2023 on the backdrop of weaker fossil fuel prices. BP in Q2 2023 BP, the…
The company reported record-breaking new member additions, surpassing the 584,000 mark. SoFi Technologies Inc (NASDAQ: SOFI), one of the leading fintech companies in the US, has released its Q2 2023 financial earnings report, beating expectations and impressing investors with its growth trajectory. According to an official press release on July 31, the company reported a…
Shell is struggling with a continuous fall in profits as Q2 2023 figures show significant reductions compared with last quarter and Q2 2022. Oil giant Shell (LON: SHEL) has posted disappointing profits for Q2 2023, largely caused by a reduction in the prices of fossil fuels. Shell’s report shows that the British giant saw its adjusted…