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Meta Stock Drops Over 7% despite Reporting Better-than-Expected Q3 2023 Results
By Steve Muchoki
• 3 mins read
For the three months that ended on September 30, Meta reported about 2.09 billion daily active users (DAU), while analysts surveyed by StreetAccount expected around 2.07 billion.
Verizon Reports Better-than-Expected Q3 2023 Results, VZ Shares Jump 9%
By Steve Muchoki
• 3 mins read
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.
Nikola (NKLA) Stock Gains Neary 9% after Founder Trevor Milton Was Ordered to Repay $165M
By Steve Muchoki
• 3 mins read
Nikola is expected to report its third-quarter earnings result on November 2, amid a push by the management to make the company profitable.
Bitcoin Spot ETF in US Inches Closer Following Closure of Grayscale vs SEC Case
By Steve Muchoki
• 3 mins read
The US SEC is therefore expected to review Grayscale’s application to convert its GBTC to a spot Bitcoin ETF without prejudice.
Bitcoin Jumps to $35K with Options Positioning Suggesting Price Has Further to Run
By Steve Muchoki
• 3 mins read
Bitcoin (BTC) price rallied to this year’s high of about $35k during the early Asian market amid speculation of spot ETF approval in the United States leading to high short positions being liquidated.
Serial Entrepreneur Robert Kiyosaki Predicts Bitcoin Price Rally to $135K Fueled by Fiat Inflation
By Steve Muchoki
• 3 mins read
The author of Rich Dad Poor Dad expects the prices of Bitcoin (BTC), Gold, and Silver to rally in the near future as every government around the world prints more money pushing inflation to a multi-year high.
DTCC Acquires Blockchain Firm Securrency for Undisclosed Amount to Steer Forward Its Digital Assets Agenda
By Steve Muchoki
• 3 mins read
Through the acquisition by DTCC, Securrency will henceforth become DTCC Digital Assets with top executives also joining the new force under different roles.
US Department of Treasury Proposes New Regulations to Combat Money Laundering via Crypto Mixers
By Steve Muchoki
• 3 mins read
The United States Department of Treasury through the Financial Crimes Enforcement Network (FinCEN) announced new sweeping measures to tame the crypto mixers in a bid to combat terrorism funding among other cyber crimes.
Tesla Misses Wall Street Expectations in Q3 2023 Earnings, TSLA Shares Drops Over 8%
By Steve Muchoki
• 3 mins read
Despite Tesla missing the mark, the company’s revenue grew by 9 percent YoY to $23.4 billion fueled by growth in vehicle deliveries.
Netflix Reports Better-than-Expected Q3 2023 Earnings, NFLX Shares Jump Over 12%
By Steve Muchoki
• 3 mins read
In Q3 2023, Netflix finalized a share buyback of about $2.5 billion and increased its repurchase authorization by $10 billion.