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.
Goldman Sachs plans to create an ETF linked to companies like Nokia, Facebook, Microsoft etc. The ETF will mimic the German Solactive Index.
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.
With the US DOJ hinting at another investigation on Tether executives, the crypto trader community isn’t disturbed by the development calling it just another Tether FUD.
According to Tether, it is currently running its usual business activities and focuses on its customers.
With Tesla hitting a record Q2 net profit, the company is making an optimistic prognosis for the upcoming future. It expects a 50% average annual growth in vehicle deliveries.