The company's first report
Coinbase shares rose after the company reported strong quarterly results amid rising bitcoin and other cryptocurrency prices. Coinbase said it will add Dogecoin to its platform within six to eight weeks.
Coinbas...
Losses due to fine
Alibaba reported stronger revenues and number of active users in the March quarter than Wall Street expected, but posted its first loss in nine years because of a major antitrust fine.
Shares in Chinese e...
Tesla and cryptocurrency
Tesla CEO Elon Musk has announced that the company will no longer accept bitcoin to pay for the purchase of its electric vehicles because mining the cryptocurrency requires huge amounts of electricity generated from fossil f...
Stock market
Prudential (LON:PRU) shares fell 4.3% after the UK-based life insurance company said the spin-off of its US business would not take place until the second half of the year.
Alibaba (NYSE:BABA) shares fell 3.1% as China's leading e-comm...
Market plunges sharply
Wall Street fears of rising inflation in the US came true when the government reported a 4.2% jump in consumer price growth in April, the worst rate in 12 years. US s...
Bayer earnings
The net profit of German chemical and pharmaceutical concern Bayer AG jumped 40% to EUR 2.09 billion in the first quarter, compared to EUR 1.49 billion in the same period of ...
Tesla in China
Tesla shares fell after the release of data from the China Passenger Car Association on its sales in April. The media reports that Tesla is facing PR problems in the country and has also refused to buy la...
Deutsche Telekom AG net profit
Deutsche Telekom AG (DE:DTEGn), Europe's largest telecommunications company, posted net profit of €936 million in January-March 2021, compared to €916 million in the same period in 2020 (up 2.2%), the company...
Palantir's earnings growth
Palantir shares fell amid a correction in the stock market despite the company reporting strong revenue growth in the first quarter, exceeding Wall Street forecasts. Palantir's earnings growth is forecast to slow in the se...
PayPal is "super app"
PayPal is preparing to introduce a number of new features in the third quarter as its management sees the company's future in the concept of a "super-app" with capabilities that go far beyond the payment function alone.
PayPal...
US inflation
Recent surveys have shown that Americans are bracing for the highest inflation rate since 2013, according to the New York Fed. Rising prices could slow the pace of the US economic recovery.
Concerns about rising inflation in the US int...
$750,000 fine
Tesla will pay a fine of $750,000 and is undertaking a small-scale distributed energy project based on its own solar roofs, to resolve air quality violations at its plant in Fremont, California.
It is worth noting that a spokesperson ...
Dow Jones index hits record high
The Dow Jones on Thursday hit a new record at the close of stock trading for the second day in a row on the back of positive momentum in the US economic recovery.
The Dow Jones rose 318.19 points (0.93 per cent) to ...
Shares plummet
Moderna (NASDAQ:MRNA) shares tumbled more than 10% at the opening of trading in New York on Thursday on the back of the Biden administration's decision to support a COVID-19 vaccine intellectual...
Business growth at risk
Uber has reported record-low losses for the first quarter of 2021, thanks to the sale of its unmanned car division. However, Uber shares have fallen as investors see headwinds to profitability this year.
Uber (UBER) shares f...
Peloton business
Peloton has recalled all of its treadmills, which generate the biggest revenue stream, due to an accident in which a child died and dozens were injured. Analysts are giving different forecasts for Pelot...
Neighborhoods app
Social network Facebook has launched Neighborhoods, an app designed to bring neighbours together, in test mode in the United States. The information was posted on the official website of the online community on Wednesday.
Accordin...
Demand for taxis
Lyft has increased revenues compared with the previous quarter and expects a further recovery in demand for its taxi service. Lyft provided an outlook for the coming quarter and reiterated its promise to become p...
Buying in cryptocurrency
British artist Banksy's Love is in the Air will be sold at a Sotheby's auction in New York. According to the auction house's website on Tuesday, the artwork will be available for purch...
Trump's personal website
It will host the ex-president's speeches and his supporters will be able to publish them on social networks. However, they will not be able to comment on the material on the new site.
...
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