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 […]
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 […]
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 […]
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, […]