Although Robinhood submitted the filing to the SEC for review in March, there were still a lot of unclear decisions.
In Q1, the net income of Walmart was $2.73 billion. This increased the earnings per share by 97 cents.
Macy’s is raising its overall outlook for the rest of the year based on its performance in the first quarter.
Amazon has offered $9 billion to MGM for a purchase deal, beating other rumored competitors. Currently, talks are still on. Amazon shares climbed in response to a bullish forecast from Morgan Stanley.
One of the key justifications for the bet is that Tesla’s dependence on government-issued regulatory credits is unsustainable due to the growing competition in the electric vehicle niche.
On a long-term basis, Coinbase stock remains bullish supported by an upward call for the cryptocurrency industry by several Wall Street analysts.
AT&T and Discovery have taken a decision to merge their content business units to create a publicly-traded company.
Whiles Mr. Kiyosaki’s opinions have been met with diverse reactions, the United States Labor Department has announced that the Inflation rate in the country has shot up the fastest rate since 2008
AT&T and Discovery are in talks to merge their business operations into one publicly traded entity.
Taking into account Marqeta’s valuation in the private markets, where its shares are selling from $33 to $35 each, the company’s market cap post IPO may top $16 billion to $17 billion, a figure that will outpace the record set by Affirm.
Notably, during the first quarter, Coinbase recorded a net profit of over $771 million, more than fourfold of what the company reported during the fourth quarter.
Investors and the market are looking closely at the inflation data as Wall Street looks to navigate through these muddy waters. Fears of inflation have also triggered a sell-off in growth stocks recently.
MicroStrategy filed a Form 8-k with the United States Securities and Exchange Commission regarding the 271 Bitcoin purchase on May 13, 2021.
While Disney’s subscriber base for its streaming services continues to surge further it is still not in line with Wall Street expectations. Disney targets a 240-260 million subscriber base by 2024.
SPCE stock has now lost over 50% of its value since ARKX began trading back in the latter stages of March when it debuted on the market with a total stake of almost 672,000 shares of Virgin Galactic which was worth $20 million at that time.