E-commerce giant Amazon reported stellar numbers in sales led by the pandemic-struck demand in online shopping. The company also reported a strong surge in its cloud computing business and Amazon Prime Video demand.
Customers of both Euronext and Borsa Italiana Group will now benefit from the larger size of the new group.
Ripple currently has a lot on the table so the date for the IPO may depend on how soon the lawsuit with the SEC is settled.
During the first quarter, Shell company managed to reduce its debt by $4 billion to $71.3 billion.
The funds will help Paxos to build an infrastructure that is targeted at reassuring its clients of its sustainability.
Although the Federal Reserve earlier mentioned continued inflation coupled with a recovering economy, the bank had decided to keep interest rates unchanged.
The surge in Facebook revenue in Q1 can be attributed to a 30% rise in the average price per advertisement.
Apple recorded a revenue of $89.58 billion in Q1 versus $77.36 billion expected by analysts according to a survey conducted by Refinitiv.
According to Facebook CEO Mark Zuckerberg, they are “investing in building the future of commerce.”
Cryptocurrencies, especially Bitcoin, have seen a massive surge over the past year amid its growing adoption among retail and institutional investors.
Microsoft revealed that revenue in the Intelligent Cloud increased by 23% to $15.1 billion.
According to Goldman Sachs, many of the indicated stocks have “dramatically outperformed” the broader stock market.
Alphabet stock has jumped 85.87% over the past year and has added 30.72% in its year-to-date record.
It is now the season of S&P 500 big tech companies reporting their first-quarter earnings. By now, about 30% of them have reported results. Nearly 88% of reporting companies beat analysts’ expectations. However, only half of them saw their stocks rise after their reports.
The complete TIME100 list features 64 companies with headquarters in the US, including electric automaker Tesla, Twitter and Mastercard.