Robinhood Posts Worse-Than-Anticipated Loss in Q4 on Higher Administrative Costs
Robinhood Markets Inc’s share dropped 14% in pre-market trading after the exchange posted a loss of $423M for the fourth quarter, according to a report by Robinhood on Friday. The...
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Warner Music Eyes Digital Music Theme Park in Sandbox
American entertainment and record conglomerate Warner Music Group Corp. is looking to dive into the metaverse with a music-focused theme park, CoinDesk reported. The theme park will be part of...
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McDonald’s Earnings Up Double Digits on Price Increases
McDonald’s Corp. posted double-digit growth in its fourth-quarter and full-year 2021 earnings as sales improved due to price hikes and marketing initiatives, the fast-food giant reported in a filing. McDonald’s...
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As Cathie Wood’s Funds Plunge, Anti-ARK ETF Amasses $334 Million in Cash Inflows
As Cathie Wood’s innovation-based ETFs have plunged in a recent crash, more investors are betting on an even worse future, according to a report by MarketWatch on Thursday. The Tuttle...
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Intel Corp. Expects Revenue to Moderate After Record Earnings in Q4 2021
Tech firm Intel Corp. expects its revenue to moderate in the first quarter of the year after posting historic highs in the previous quarter, the company announced in a filing....
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Apple Back as China’s Top Smartphone Maker
Tech giant Apple Inc. has taken back the top spot in the Chinese smartphone market as its major rival was hit by sanctions imposed by the United States, FT reported....
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Dogecoin Jumps 8% After Musk Called on McDonald’s to Accept Token as Payment
Elon Musk’s influence over the price of Dogecoin continues after a Tuesday tweet from Tesla boss, according to a tweet by Elon Musk on Tuesday. Musk tweeted on Tuesday morning...
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GE Eyes Return to Revenue Growth in 2022
Conglomerate General Electric Company (GE) in a regulatory filing, said it is optimistic to return to revenue growth this year, banking on the recovery of the commercial market following the...
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Robinhood Starts Rolling Out Crypto Wallets, Test Begins With 1,000 Clients
Retail trading site Robinhood Markets unveils a beta version of the company’s crypto wallet that chooses 1,000 clients from its waitlist, according to a blog post by Robinhood on Thursday....
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New York’s Adams Receives First Mayoral Paycheck in Crypto
New York City Mayor Eric Adams carried out his earlier commitment to receive his first pay in cryptocurrency, TheBlockCrypto reported. The mayor’s office through a statement on Thursday said Adam’s...
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El Salvador Mulls Offering Low-Interest Bitcoin-Backed Loans for Micro-Businesses
The Salvadorian government is set to develop a Bitcoin-backed loan product for micro and small businesses across the nation, according to a report by CoinTelegraph on Thursday. Even though the...
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Osmosis Unveils New Inter-Blockchain Protocol for Cross-Chain Swaps
Decentralized exchange Osmosis has rolled out the Gravity bridge, which will allow trading for Ethereum-based assets in its platform, Coindesk reported. The Gravity Bridge was built by internet services provider...
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