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.
Affected by reduced demand for Covid drug Molnupiravir, Merck has published reduced revenue figures according to its Q1 2023 report.
The company said its Peacock subscribers grew by more than 60% or 22 million compared year-over-year.
German banking powerhouse Deutsche Bank posted commendable Q1 2023 figures and remained on track to outperform revenue growth targets.
E-commerce giant eBay is optimistic going into the second quarter after logging commendable figures in its Q1 2023 outing.
Due to a strong quarter, Barclays “remains on track to deliver its 2023 targets, with all performance metrics in line with or ahead of guidance.”
Meta’s Q1 2023 performance underscores its commitment to cutting costs and maximizing earnings in its “year of efficiency”.
Following the CMA’s decision to veto the Microsoft-Activision deal in Britain, the computer software giant plans to appeal.
The US Inflation Reduction Act propelled LG Energy Solution to an astounding income haul in its Q1 2023 results.
While Bitcoin still maintains a somewhat close correlation to the S&P 500, the digital currency is now being pitched as a better alternative to traditional banking.
The new filing comes as cryptocurrencies, and risk assets in general, are in recovery after a bad 2022.
Announcing the newly-authorized share repurchases, Alphabet said such actions are expected to occur “from time to time, subject to general business and market conditions.”
First Republic Bank received uninsured deposits totaling $30 billion from a group of America’s largest banks on March 16, 2023, to help reduce the chances of a bank run.
In-restaurant sales at Chipotle during Q1 2023 popped 22.9%, while digital sales represented 39.3% of food and beverage revenue.
In its fiscal Q3 2023 report, Microsoft CFO Amy Hood stressed that the company would continue to prioritize AI-related endeavors.
For Q1 2023, UPS reported adjusted earnings per share (EPS) of about $2.20, whereas analysts expected the company to report an EPS of $2.21.