Key Takeaways Ripple released its second quarter markets report Thursday, revealing it increased XRP sales by around 50%. The sales were attributed to a spike in demand for its On-Demand Liquidity ser...
Tag: Quarter
Apple Stock Nears Buy Point After ‘Top Gun’-Style June Quarter
Apple stock rose Friday after the consumer electronics giant delivered an upbeat June-quarter report. Plus, it expects sales growth to accelerate in the September quarter as supply chain issues ease. ...
Five9 stock up 7% after announcing second quarter financial results
Five9 (NASDAQ: FIVN) stock rose by 7% after announcing its second quarter financials for the 2022 financial year. The cloud contact center software provider reported total revenue of about $189.4 mill...
Ford is up 5% after announcing its second quarter financials
Ford (NYSE: F) shares rose 5% after the leading auto manufacturer announced better-than-expected second-quarter financial for the 2022 financial year. Ford beats analyst consensus Ford reported an ad...
Chipotle shares up 10% after announcing its financials for the second quarter
Chipotle Mexican Grill (NYSE: CMG) stock went up 10% after announcing its second quarter financials for the year 2022. The fast-food chain known for its Mexican-inspired cuisine beat most analyst esti...
Procter & Gamble Sounds a Warning After Strong Quarter
Updated July 29, 2022 9:17 pm ET Listen to article (2 minutes) Procter & Gamble maker of Tide detergent and Pampers diapers, is predicting the slowest sales growth in years as consumer belt-tighte...
The US economy declined by 0.9% during the second quarter
According to data released on Thursday, the US economy shrank by 0.9% during the second quarter of 2022. Following a decline of 1.6% in the first quarter the US economy shrunk by 0.9%, according to Th...
U.S GDP Declines by 0.9% in Second Quarter 2022, Recession?
10 hours ago | 2 mins read Bitcoin News National Bureau for Economic Research (NBER) is scheduled to analyze the statistics. The Federal Reserve raised interest rates by 75 basis points on Wednesday. ...
Intel Gives Dour Forecast; CEO Says Third Quarter Is ‘Bottom’
(Bloomberg) — Intel Corp. Chief Executive Officer Pat Gelsinger slashed sales and profit forecasts for the rest of the year, conceding that the struggling chipmaker needs more time to make its p...
Stocks Rally Despite U.S. GDP Shrinking For A Second Quarter In A Row—But Experts Say No Recession Yet
Topline The stock market moved higher on Thursday despite U.S. economic growth contracting for the second quarter in a row, a significant recession indicator which spooked markets—though most experts ...
GDP fell 0.9% in the second quarter, the second straight decline and a strong recession signal
The U.S. economy contracted for the second straight quarter from April to June, hitting a widely accepted rule of thumb for a recession, the Bureau of Economic Analysis reported Thursday. Gross domest...
Economy Shrank 0.9% Last Quarter As Experts Warn ‘Worse To Come’
Topline The U.S. economy unexpectedly shrank for a second quarter in a row this year, according to data released Wednesday, signaling the start of a technical recession even as economists predict sign...
AAPL Stock: Apple Earnings For Fiscal Third Quarter 2022
Consumer electronics giant Apple (AAPL) will report June-quarter results late Thursday and Wall Street’s expectations are pretty low. Still, AAPL stock has been climbing ahead of the news. X Ana...
What’s the bull case for AMD ahead of the quarter earnings?
Advanced Micro Devices, Inc (NASDAQ:AMD) stock is closely watched ahead of the earnings. With a drop of 43% year-to-date, the earnings will indicate whether it is now time to buy the dip. We urge pati...
Second Quarter Sees DeFi, NFTs, Gaming, And Developers Shining
PolygonInsights for the second quarter of 2022 were recently published by the Polygon team showing the constant growth in four major sectors: DeFi, NFTs, Gaming, and Developers. The report tracks big ...
Mercedes sees chip shortage stretching to 2023 despite posting a strong quarter
Mercedes-Benz Group AG (OTCMKTS: DMLRY) raised its outlook for the rest of the year during its earnings release on July 27. The company showed revenues of €36.4 billion (~$36.93 billion), an increase ...
Deutsche Bank beats expectations to post eighth straight quarter of profit
Deutsche Bank beat market expectations to post an eighth straight quarter of profit on Wednesday, recording a second-quarter net income of 1.046 billion euros ($1.06 billion). The German lender exceed...
Over a quarter of Asian Pacific ‘emerging giant’ startups tied to blockchain: Report
The Asia Pacific region is seeing a major business shift with increasing numbers of new technology startups appearing, even as venture capital investment is decreasing compared to last year. A report ...
Quarter of Surveyed Companies in Asia-Pacific Involved in Crypto, Says Recent Study
A new joint study by big-four accounting firm KPMG and British multinational bank HSBC finds that a quarter of all businesses in the Asia-Pacific region are crypto-related businesses. Under the fintec...
‘a lot of unknowns into third and fourth quarter’
Ryanair Holdings plc (NASDAQ: RYAAY) reported better-than-expected quarterly revenue on Monday. Shares jumped roughly 8.0% as the low-cost air carrier also swung to a profit for Q1. Notable figures in...
Big Themes From Large U.S. Airlines’ Second Quarter Earnings
The three largest U.S. airlines — American, United, and Delta — have reported their second quarter … [+] 2022 earnings. While some positive signs for the industry are evident, a common set of is...
Tesla Dumped $936,000,000 In The Second Quarter
The well-known business magnate and CEO of Tesla said they have sold Bitcoins worth $936,000,000. The reason behind this huge sale is to raise the liquidity of cash in the electric car manufacturing i...
Tezos: The A to Z of XTZ’s performance in last quarter
According to a new report by Messari (provider of crypto market intelligence products), Tezos, an open source blockchain for deploying smart contracts, recorded some growth in the last quarter. With ...
Blockchain.com cuts a quarter of staff, closes Argentina offices: CoinDesk
Blockchain.com has become the latest crypto company to cut staff, according to a report published by Coindesk on Thursday. The exchange will cut 25% of its staff, approximately 150 people, bringing th...
Elon Musk Reveals Why Tesla Dumped $936,000,000 in Bitcoin (BTC) in the Second Quarter
Tesla CEO Elon Musk is opening the lid on why the electric car maker disposed of a large chunk of its Bitcoin (BTC) holdings. In a second-quarter earnings call, Musk says Tesla sold a big portion of i...
Looking to buy Sonoco on a retracement as quarter results come strong
Sonoco Products Company (NYSE:SON) is a good stock for investors looking for quick gains. With returns of 7.95% year to date, Sonoco has defied the bear market. However, it is the latest developments ...
Tesla sold $936 million in bitcoin in the second quarter
Tesla sold $936 million bitcoin in the second quarter of 2022, bringing its current holdings down to $218 million. During a presentation on Wednesday, Tesla CEO Elon Musk said he would be open to incr...
Blockchain.com to Slash Workforce by a Quarter, Sources Claim
Crypto exchange Blockchain.com will cut its workforce by 25%, according to multiple sources. The cryptocurrency exchange had rapidly expanded during the bull market, taking on 450 staff in the last 16...