Grayscale Readies Expansion into European Market for Crypto Funds
Grayscale Investments LLC, running an almost $30M Bitcoin trust, is preparing to expand into Europe, according to a report by Bloomberg on Tuesday. The company is yet to decide on...
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Bybit Eyes Crypto Options Trading Service
Cryptocurrency trading platform Bybit is set to launch an options trading service to customers given the high demand, according to a report on The Block. Bybit said users will be...
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Fidelity Investments to Offer Bitcoin in 401(k) Plans by Mid-2022
Mutual fund provider Fidelity Investments is gearing to include Bitcoin in its 401(k) savings plans, according to a report on NYT. The offering is set to be made available to...
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General Electric Stock Slips 3% After Confirming Lower End of 2022 Profit Guidance
General Electric shares drop 3.32% after posting better-than-expected Q1 profits while confirming its 2022 profit forecast, according to a press release by GE on Tuesday. GE stated its adjusted non-GAAP...
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UBS Posts Better-Than-Expected Profit of $2.136B in Q1, Cuts Russia Exposure
UBS has topped expectations for the first quarter of 2022 and stated it had cut its exposure to Russia, according to a report by UBS on Tuesday. The bank reported...
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HSBC’s Q1 Profit Falls to $4.17B on Credit Charges, More Buybacks Unlikely in 2022
HSBC stated more stock buybacks were unlikely this year after posting an unexpected drop in its capital in Q1, according to a press release by HSBC on Tuesday. HSBC’s core...
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Activision Blizzard Earnings Sink to $395 Million
American video game holding company Activision Blizzard Inc. opened the year were lower earnings, following the dip in revenues during the period. First-quarter net income fell to $395 million from...
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Blackstone Affiliates to Take Over PS Business Parks in $7.6-Billion Deal
Affiliates of Blackstone Real Estate are set to takeover PS Business Parks Inc. for $7.6 billion, according to a statement. The two parties entered an agreement for Blackstone affiliates to...
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Coca-Cola Posts 23% Jump in First-Quarter Earnings
Carbonate drink manufacturer The Coca-Cola Company saw its earnings increase by over 20% in the first three months of the year, the company announced in a filing. Earnings per share...
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Ark Invest Takes Advantage of Decline in Pandemic Stocks
Popular investor Cathie Wood’s Ark Invest over the week gobbled up shares of firms that have soared during the pandemic but have since lost steam, according to a Reuters report....
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Bahamas Set to Allow Tax Payments with Crypto, Boost Access to Digital Assets
The government of the Bahamas will start to allow Bahamians to pay taxes using digital assets, according to a press release by The Commonwealth of the Bahamas on Thursday. The...
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Blackstone Bottom Line Slips in First Quarter
Investment management firm Blackstone Inc. saw its bottom line decrease in the first three months of the year as it recorded higher compensation losses and lower revenues, the firm announced...
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