Oracle reported a net income of $5.02 billion, or $1.68 a share, compared with $2.57 billion, or 79 cents a share, in the year-ago period.
Following Baidu’s Hong Kong secondary listing, the company would become the latest Chinese tech giant to secure money in this financial hub.
The pandemic spiked an economic downturn that lowered interest rates, thus pushing retail investors to seek refuge in terms of potential gains in the stock markets.
The valuation of Roblox also received its boost after the company gave a bullish earnings guidance for the 2021 fiscal year.
Coupang shares are expected to start trading on Thursday on the New York Stock Exchange under their ticker ‘CPNG’.
Berkshire Hathway shares rallied on Wednesday amid strong Q4 2020 results and a positive outlook for the company. On Wednesday alone, Buffett added $1.9 billion to his personal wealth taking it past $100 billion.
The Wedbush analyst predicts a massive 86% growth in Apple stock price in case of a bull case scenario backed by a robust supply chain thereby clocking higher sales numbers.
After a slump during the weekend, Zoom (ZM) stock is back to winning ways.
Due to increased streaming demand fueled by the coronavirus pandemic, Disney has shifted focus to its Disney+ division to maximize profits.
Nasdaq Composite rose by 3.69% to 13,073.82, which made Tuesday the best day for the index since November 2020. The S&P 500 climbed by 1.4% to 3,875.44. As for the Dow Jones, it rose by 30.30 points, or 0.1%, to 31,832.74.
In February, Tesla produced 23,632 cars and delivered 18,300 vehicles, which marks an 18% increase from the month before, when it sold 15,484 vehicles locally after exporting an estimated 7,956 cars from Gigafactory Shanghai.
Virgin Galactic stock is currently at $27.81 in the pre-market trading, increasing 4.82% over its previous close of $26.53.
Although one-year Tesla stock figures look good, 5-day, 1-month, and year-to-date movements are currently taking the heat, despite Bitcoin purchases.
The 306 points accrued by the Dow Jones were fueled by the approval of the Biden administration’s $1.9 trillion coronavirus stimulus bill by the US Senate.
Deliveroo confirmed it would use a dual-class share structure to give its founder Will Shu more control. Goldman Sachs and JPMorgan will be global coordinators for the IPO.