New York, Thursday, October 31, 2024– Google’s parent company Alphabet Inc. reported a robust 15% year-over-year increase in Q3 2024 revenues, totaling $88.3 billion in its Q3 financial report yesterday. Revenue growth was largely fueled by gains in Google Cloud, which rose 35% to $11.4 billion, and Google Services, which climbed 13% to $76.5 billion. […]

New York, Friday, October 31, 2024-Amazon in its Q3 Earnings yesterday reported higher-than-expected third-quarter profits and sales, boosted by strong retail growth, sending its shares up nearly 6% in after-hours trading. Retail sales rose by 7% to $61.41 billion, and Amazon Web Services (AWS) reported a 19% revenue increase to $27.5 billion, its fastest growth […]

New York, Thursday, October 31, 2024 –Apple today announced financial results for its fiscal 2024 fourth quarter ended September 28, 2024. The Following is the official media release by the company. “The Company posted quarterly revenue of $94.9 billion, up 6 percent year over year, and quarterly diluted earnings per share of $0.97. Diluted earnings […]

CUPERTINO, Calif. Friday, August 02, 2024- Apple’s earnings surpassed analysts’ expectations in its third quarter Q3 earnings report released Thursday (August 01), despite experiencing a year-over-year decline in iPhone sales.Apple’s Condensed consolidated statements of operations (unaudited) can be seen here. The tech giant reported earnings per share (EPS) of $1.40 on revenue of $85.5 billion, […]

OMAHA, Neb. – August 29, 2024 – Warren Buffett’s Berkshire Hathaway (BRK.A, BRK.B) achieved a milestone on Wednesday, reaching a market capitalization exceeding $1 trillion for the first time. This achievement comes as Berkshire continues to reduce its holdings in Bank of America (BAC). Berkshire becomes the first U.S. company outside the technology sector to […]

Catenaa, Tuesday, November 13, 2024-Bitcoin (BTC) has soared to a record high of $85,000, marking an almost $20,000 increase over the past week, according to TradingView data. On Monday, Bitcoin was trading near $84,255, after hitting an intraday high of $84,989, as per CoinDesk Indices data. Since the election, the CoinDesk 20 Index (CD20), which […]

New York, Friday, November 08, 2024-BlackRock attracted over $1.1 billion in inflows to its spot Bitcoin ETF (IBIT) as Bitcoin surged to new heights. On November 7, IBIT led the US market with approximately 82% of total inflows to spot Bitcoin ETFs, which collectively amassed $1.34 billion, according to Farside data. Bitcoin nearly hit $77,000, […]

New York, Tuesday, November 05, 2024-Boeing employees have concluded a seven-week strike early today after approving a new contract that promises a 38% pay increase over the next four years. Around 30,000 workers had halted operations at Boeing since September 13, impacting production at the aviation manufacturer’s facilities and deepening its financial strain. Under the […]

NEW YORK, Wednesday, July 31, 2024- Delta Air Lines is considering legal action against CrowdStrike and Microsoft following a massive technology outage earlier this month that grounded thousands of flights and caused widespread disruption across multiple industries, reports said. The airline has hired prominent attorney David Boies to explore potential damages claims after suffering hundreds […]

FRANKFURT, Germany, Thursday, January 18, 2024 – Deutsche Börse, the German stock exchange operator, said on January 10 that it had finalized its acquisition of FundsDLT, a Luxembourg-based blockchain platform for end-to-end fund issuance and distribution, the Deutsche Börse Group said in a media communiqué. The deal, finalized after regulatory approval, marks Deutsche Börse’s strategic […]

New York, Thursday, November 07, 2024- The Dow Jones Industrial Average skyrocketed 1,500 points, marking its best performance since 2022 in a dramatic post-election rally on Wednesday as investors reacted positively to former President Donald Trump’s victory. This rally also propelled the S&P 500 and Nasdaq Composite to new all-time highs, reflecting market optimism about […]

New York, Thursday, October 31, 2024- Microsoft Corporation (MSFT) surpassed analysts’ fiscal first-quarter earnings expectations but saw its cloud revenue growth lag, raising concerns over cloud competitiveness in a booming AI market, according to its Q3 earnings report. The company’s total revenue increased 16% year-over-year, reaching $65.59 billion, surpassing forecasts from Visible Alpha analysts. Net […]

REDMOND, Wash. Wednesday, July 31, 2024- Microsoft Corp. yesterday announced robust financial results for the fourth quarter of fiscal year 2024, with significant contributions from its cloud services.The media statement by Microsoft can be reached here. The company reported revenue of $64.7 billion, a 15% increase compared to the same period last year. Operating income […]

Catenaa, November 20, 2024-NVIDIA Corporation announced yesterday a record-breaking revenue of $35.1 billion for the third quarter of fiscal 2025, reflecting a 17% increase from the previous quarter and a staggering 94% rise from the same period last year. The company’s growth was largely fueled by soaring demand in the AI and data center sectors, […]

New York, Friday, November 01, 2024 — Tesla Inc. (TSLA) reported a robust third quarter for 2024, producing approximately 470,000 vehicles and delivering around 463,000, reflecting continued high demand across its lineup and growth in energy storage. Tesla’s earnings report was release on October 24. The Model 3 and Model Y were the top performers, […]

Washington DC, October 11, 2023: The US Consumer Price Index (CPI) rose 0.6% in September 2023, the biggest monthly increase since January 2022. This pushed the annual inflation rate to 8.2%, the highest level since December 1981, according to the US Bureau of Labor Statistics. According to their report, prices have gone up by 3.7% […]

Etoro, a well-known social trading platform, has partnered with Elon’s Twitter to allow users to invest in cryptocurrencies and other assets. This action is seen as a step in Elon Musk’s plan to turn Twitter into a “super app” that offers various services, including mainly financial ones. In addition, users can perform trades from Twitter […]

New York, Wednesday, August 6, 2024- The seven most valuable U.S. tech companies lost a combined $1 trillion in market value at the start of trading on Monday, deepening a market downturn that has pushed the Nasdaq into correction territory. The tech-heavy index dropped more than 3% following its steepest three-week slide in two years, […]