Tesla Inc. released better than expected earnings reports pushing its stock to record highs of over $630 in pre-market. Such figures allowed its CEO Elon Musk to earn $2.3 billion within an hour.
Shell stock in 2019 plunged as well as the company’s profit that didn’t meet the expectations. The company says the fall in oil prices significantly affected its results.
Venture capital and private equity investment into the fintech sector of London and the UK in general has risen 38% year on year and reached $4.9 billion.
Facebook has reported figures for fourth-quarter earnings. The company’s revenue was $21.08 billion and the number of monthly active users reached 2.5 billion. Even though there is an improvement, the report shows growth has declined.
Coinbase Custody International will provide institutional-grade crypto asset storage to clients across Europe. The new entity is based in Dublin, Ireland.
Bitcoin options platform Bakkt is showing almost zero interest in its product. Some of the industry players expect the project’s annihilation. At the same time, CME’s options product still enjoys high interest.
It has become known that Google’s former vice president and founder of Flipkart Surojit Chatterjee will join Coinbase as its chief product officer.
Binance US will provide its customers with ALGO and ATOM staking options to compete in this market with Kraken and Coinbase that already offer Tezos (XTZ) staking.
Microsoft reported earnings for its second fiscal quarter of 2020, including revenue of $36.9 billion, net income of $11.6 billion, and earnings per share of $1.51 (compared to revenue of $32.5 billion, net income of $8.4 billion, and earnings per share of $1.08 in Q2 2019).
Millennials prefer to invest their funds into the stocks of the most advanced companies that are being widely discussed today. They are Apple, Amazon and Tesla.
Being boosted by various factors, many stocks are climbing up while coronavirus fears are still growing. Let’s have a look at the earnings that some giants have recently reported for the previous quarter.
A senior analyst at RoboForex shares his insights into the future scenarios for Bitcoin, Ethereum, EOS, Bitcoin Cash and Litecoin price movement.
Apple has revealed the figures showing its earnings in the first fiscal quarter. The report demonstrates a strong surge in revenue from the iPhone 11.
Very soon the latest earning report from Tesla will be revealed. While most of the market is bullish, Jim Cramer says that there is a possibility that the results may disappoint investors.
In recent news, Saudi Arabia’s oil giant Saudi Aramco Energy Ventures (SAEV) made a $5 million investment into a blockchain-based oil trading company Vakt.