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.
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.
During the first three months of the year, BP reported that its net debt fell by $5.6 billion to $33.3 billion. Notably, the company hit its target of reducing net debt to $35 billion.
Strong earnings from big tech corporations are keeping the market momentum positive. However, the surge in commodity prices have fueled the fears of inflation as the consumer staples sector witnesses downward pressure.
Securrency will use the funds for further expansion, strengthening strategic partnerships, as well as developing compliant DeFi products.
The Toyota’s Woven Planet acquisition of Lyft’s Level is billed to save the latter firm $100 million of operating expense.
GameStop stock has grown about 2,800% in the last twelve months, and 796.66% since 2021 began.
According to Facebook CEO Mark Zuckerberg, Apple is likely to hurt small businesses and deny users personalized services.
In its Q1 2021 results, Tesla stated that it has liquidated 10% of its total holdings in Bitcoin netting a positive income of $101 million. The company also revealed good delivery numbers while addressing issues with semiconductor and hardware supplies.
The advisor said that 0.3% of US households that will be affected by the capital gain tax increase represents those who make over $1 million annually.
The new move by JPMorgan represents a turnaround for the investment bank as its CEO Jamie Dimon previously called Bitcoin a dangerous fraud.