This category covers crypto market news today, including crypto index trends, major exchange data, capital flows, sentiment shifts, regulation impact and crypto’s interaction with traditional finance. Designed to help you understand the forces driving valuation across tokens, sectors and regions.
Ford recorded an automotive revenue of $24.1 billion, against $23 billion expected by analysts according to a survey conducted by FactSet.
UBS is currently doing an internal review of its brokerage service and has launched a pilot scheme for its premium clients.
Duolingo made a strong debut at Wall Street raising over $500 million worth of funds. The company plans to use these resources for expanding to overseas markets.
Facebook stock has been on a winning streak since the onset of the coronavirus pandemic.
According to PayPal’s Q2 2021 earnings report, the company has seen a 19% growth in net revenue year over year in the quarter that ended June 30, reaching $6.24 billion. However, it falls short of the $6.27 billion expected.
Visa reported revenue of $6.1 billion in Q3 2021 against an estimate of $5.86 billion according to a consensus by FactSet.
Chinese crackdown on tech and education companies put pressure on Asian indices. On the other hand, the US tech giants continue to post stellar returns in the second-quarter earnings season.
In the IPO filing, Stronghold noted that with the fundraising, it will purchase an additional 27,300 crypto miners to expand its operations and increase its hash rate.
Alphabet recorded a revenue of $61.88 billion during the just-concluded quarter against $56.16 billion expected by analysts according to Refinitiv.
Microsoft recorded a revenue of $46.15 billion during the prior quarter versus $44.24 billion as expected by analysts according to Refinitiv.
Despite strong Q3 earnings, Apple saw a drop in its stock price following the report. AAPL shares closed at $146.77 or 1.49% down yesterday. After hours, Apple stock lost another 2.09% to reach $143.70.
GE is expanding its wind power production into Quebec as part of its North American growth, and it is poised to do big things there too.
Ahead of the June earnings report by Apple, Wall Street analysts have deconstructed the market and provided their sentiments.
Tesla CEO Elon Musk may have a role to play in dragging the price of Bitcoin down, hence, paving the way for the impairment loss suffered by the firm.
Crypto exchange Coinbase believes that the US SEC is slowly warming up to Bitcoin derivative products as the market continues to expand with higher institutional participation.