Apple Beats Sales Estimates with Massive Jumps in iPhones, Services in Q2
Apple Inc reported a record fiscal Q2 sales and profit that surpassed Wall Street estimates as it managed chip shortages, according to a press release by Apple on Thursday. Apple...
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Amazon Reports First Quarterly Loss in 7 Years on Rising Costs, Rivian Investment
Amazon shares plunge 9% after posting its first quarterly loss since 2015, due to a slump in online shopping and higher costs, according to a press release by Amazon on...
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PayPal Stock Jumps Almost 4% Despite Dim Annual Profit Outlook in Q1
PayPal Holdings Inc shares rose 4% even after the company cut its full-year profit outlook, signaling that payments could fall, according to a press release by PayPal on Wednesday. PayPal’s...
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Swvl Enters Agreement to Acquire UK Bus Platform Zeelo
Mass transit tech solutions firm Swvl Holdings Corp. has inked an agreement to acquire UK smart bus platform Zeelo, according to a statement. The acquisition will further expand Swvl’s global...
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Twitter Daily Users Hits 229M, Misses Revenue Estimates for Q1
Twitter, Inc posted first-quarter earnings that beat Wall Street estimates, according to a press release by Twitter on Thursday. The social media giant’s net profit increased to $513.29 million or...
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Barclays Profit Slips 18% as Litigation Costs Drive Expenses Higher
Barclays PLC opened the year with a double-digit decline in its earnings as it reported higher operating expenses in the first three months, the company announced in a filing. Attributable...
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Goldman Studies NFT Financial Instruments
Global financial giant Goldman Sachs is now studying financial instruments involving non-fungible tokens, according to a report on Coindesk. Global Head of Digital Assets Mathew McDermott said the firm is...
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Teladoc Stock Plummets 44% After Massive Q1 Loss, Huge Impairment Charge
Teladoc Health shares sank 44% after taking an impairment charge of $6.6B and slashed its full-year earnings outlook, according to a press release by Teladoc Health on Wednesday. The company’s...
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Facebook Parent Meta Shares Jump 15% After Q1 Revenue Rises 7% to $27.9B, Growth Slows
Shares of Meta rose 15% after reporting $27.9B in revenue for Q1, falling within the low end of its $27-$29B revenue projections, according to a press release by Meta on...
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Invesco Debuts ETF Tracking EV Metals
Invesco Electric Vehicle Metals Commodity Strategy No K-1 ETF is a new product in the market and focuses on metals used in electric vehicles, according to the WSJ. Invesco says...
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Alphabet Reported Weaker Earnings and Revenues in Q1
Alphabet posted weaker-than-anticipated earnings and revenues for the first quarter, according to a press release by Alphabet on Tuesday. Google’s revenues came in at $68.01 billion, rising 23% from the...
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Microsoft Shares Rallies 4% on Better-Than-Expected Q3 Earnings and Positive Outlook
Microsoft Stock rose nearly 4% in pre-market trading after the company posted Q3 earnings that topped analysts’ estimates, according to a press release by Microsoft on Tuesday. Microsoft’s revenue jumped...
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