Text size A Carvana used car “vending machine” on May 11, 2022 in Miami, Florida. Joe Raedle/Getty Images Carvana shares were rising Monday as investors reacted to the used car platform’s ...
Tag: Operating
EU Parliament Pushes For Restriction Of Services From Crypto Firms Operating From Tax Haven Countries ⋆ ZyCrypto
Advertisement     For most lawmakers, the crypto markets are uncharted territories, and as such, it is not surprising that they often choose to err on the side of caut...
Panasonic Shares Down 1% after Forecasting Bearish Operating Profits for Current FY
In a bid to reposition its business for the long term, Panasonic plans to take its supply chain software business public. The shares of Japanese multinational conglomerate company Panasonic Holdings C...
EQONEX Selects Paul Ewing as Chief Operating Officer
Nasdaq-listed digital asset financial services provider, EQONEX today announced that it has appointed Paul Ewing, the company’s previous Chief Financial Officer as its new Chief Operating Officer. Dan...
US Court Fines Bitmex’s Founders $30 Million for Operating Illegal Crypto Platform – Regulation Bitcoin News
The founders of Bitmex have been ordered to pay $30 million “for illegally operating a cryptocurrency derivatives trading platform and anti-money laundering violations.” Arthur Hayes, Benjamin Delo, a...
Altaley Mining Discloses 2021 Financial and Operating Results, Reporting Net Income of $36.2 Million and $0.15 Earnings per Share
Vancouver, British Columbia –News Direct– Altaley Mining Corp Altaley Mining Corporation (TSXV: ATLY) (OTCQX: ATLYF) (FSE: TSGA) (“Altaley” or the “Company”) is ple...
Berkshire Hathaway First Quarter Operating Profits Edged Higher as Buybacks Slowed
Berkshire Hathaway made a big bet on other stocks in the first quarter, and energy was a favorite. Warren Buffett’s company bought $51.1 billion worth of equities in the quarter, according to the comp...
‘Ripple is operating as if it has already lost’- What could this mean for XRP
Setting up a business is hard. Setting up a business in an extremely regulated sector is harder. Fighting to protect a business that a regulator deems to be run in contravention of regulatory provisio...
Ripple Is Operating as if It Has Already Lost, Says CEO Brad Garlinghouse
Alex Dovbnya Ripple CEO Brad Garlinghouse has suggested that the SEC’s potential victory will have little impact on the company’s business Contents Delayed justice A multi-chain world In an interview ...
Kraken received a crypto operating license in UAE; will it grow competition among crypto exchanges in the Middle East?
This part of the globe has a huge potential yet untapped market from crypto exchange services availability point of view where Kraken found opportunity Kraken is a cryptocurrency exchange and bank bas...
Overstated Operating Earnings Increase Risk For The S&P 500 Even After Index Falls In 2022
Macro view of a screen of trading terminal with abstract financial graph and digits. Trading and … [+] forex concept. 3D Rendering getty Operating Earnings calculated by S&P Global (SPGI) fo...
BDSwiss Onboards Andreas Neocleous as Chief Operating Officer
BDSwiss has hired Andreas Neocleous as the company’s new Chief Operating Officer, the forex and contracts for differences (CFDs) broker announced. He will report directly to the firm’s CEO, Nicolas Sh...
BDSwiss Onboards Nicolas Shamtanis as Chief Operating Officer
BDSwiss has hired Andreas Neocleous as the company’s new Chief Operating Officer, the forex and contracts for differences (CFDs) broker announced. He will report directly to the firm’s CEO, Nicolas Sh...
Number of UK crypto firms operating under FCA temporary registration status drops
The number of firms permitted to offer crypto services to U.K. residents under temporary registration status from the Financial Conduct Authority has dropped from 12 to five. According to a Thursday ...
Rite Aid might fail to ‘continue as an operating company’
Rite Aid Corp (NYSE: RAD) is down 25% in the stock market on Thursday after a Deutsche Bank analyst said the drugstore chain might fail to continue as an “operating company”. George Hill h...
Samsung Electronics Earnings Guidance for Q1 2022 Shows Impressive Operating Profit & Revenue Generation
Samsung reported an $11.6 billion Q1 2022 profit which exceeds market expectations and was boosted by strong demand for its new smartphones. Samsung Electronics Co Ltd released its Q1 preliminary earn...
Singapore Passes Law to Regulate VASPs Operating Abroad
Virtual Assets Service Providers (VASPs) that originate from Singapore but offer their business offerings or products abroad are now required to secure licensing from the relevant authorities, a shift...
Swissquote Confirms Record Growth in 2021, Operating Revenues Climb 49% YoY
Swissquote, a Switzerland-based online financial services provider, today confirmed its record growth in 2021 with a substantial YoY jump in operating revenues. In its recent annual results, the compa...
Binance’s Middle East Progress Continues With Operating License in Dubai
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set ...
UK Watchdog Asks Crypto ATM Providers to Stop Operating or ‘Face Enforcement Action’ – Regulation Bitcoin News
U.K. watchdog, the Financial Conduct Authority (FCA), has told firms running crypto ATMs in the country that they are operating illegally and must therefore shut down their machines. Operators that fa...
Altria Eliminates Operating Lease Disclosure & More From The Real Earnings Season
NEW YORK – JANUARY 31: The former Philip Morris office building, now called Altria, is shown … [+] January 31, 2003 in New York City. The company changed names to Altria at a recent shareh...
Express Posts Strong Q4 Results And Positive Operating Income For 2021
Express saw momentum in its men’s business in the fourth quarter. Courtesy of Express Express reported today strong growth in the fourth quarter ended January 29 when net sales increased 38% com...
FCA might block Binance’s Bitfinity from operating in UK
TL;DR Breakdown Binance is planning to launch a new payment technology company, Bifinity. The FCA may block the launch due to concerns around investor protection. Binance, one of the world’s largest c...
Copper.co Has Appointed Sabrina Wilson as Its Chief Operating Officer
Copper.co announced it has appointed Sabrina Wilson as its Chief Operating Officer, effective from March 2022. Published in an article recently shared with Finance Magnates, Sabrina Wilson, a senior e...
Ford plans to produce 2 million EVs annually, generate 10% operating profit by 2026
Ford has started initial pre-production of its electric F-150 Lightning pickup truck at a new plant in Dearborn, Mich. Michael Wayland | CNBC Ford Motor plans to produce more than 2 million electric v...
Meta retired the operating system for AR / VR- The Cryptonomist
Meta has reportedly divested the 300-person team that was supposed to develop the XROS operating system for augmented reality and virtual reality (AR/VR). Backward step for Meta: no proprietary opera...
Cornerstone FS Has Recruited Robert O’Brien as Its New Interim Chief Operating Officer
Cornerstone FS plc announced that it has recruited Robert O’Brien as its new interim Chief Operating Officer. Finance Magnates recently learned in a press release from the LSEG that Robert O’Brien, a ...
Klarna’s Net Operating Income Hits $1.6 Billion in 2021
Klarna, one of the most valuable financial technology firms, recently published its results for 2021. During the reported period, the company’s net operating income jumped by 38% to $1.6 billion. The ...
Bitconnect founder charged for operating a Ponzi scheme
TL; DR Breakdown Kumbhani charged for operating a Ponzi scheme Bitconnect scammed investors of more than $2 billion Kumbhani could face up to 70 years of jail time The Department of Justice has charge...
The Operating Company of LABEL Foundation Receives $2 Million Equity Funding From Groom Investments and eBEST Investments & Securities – Press release Bitcoin News
press release PRESS RELEASE. Clesson, the operating firm of the LABEL Foundation, has received an extra $2 million in equity funding from eBest Investments & Securities and Groom Investments to ad...
Salad Ventures Secures $13.5m in Funding to Build Gamefi Operating System Coined GuildOS
Institutional investors continue to recognize the value of the fast-growing gamified finance sector, with Salad Ventures the latest beneficiary of their largesse. The company has raised $13.5 million ...
CME Group Posts 22.5% YoY Q4 2021 Operating Income Jump
CME Group (Nasdaq: CME), which operates a major US derivatives exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other ...