Business News | Page 14 of 570

Coinbase Reports Q3 2023 Results, Beating Revenue Expectations and Missing Trading Volume Forecast

By Darya Rudz Nov 3, 2023 • 3 mins read

For the fourth quarter, Coinbase has already generated about $105 million of transaction revenue in October. The company expects Q4 subscription and services revenue to be approximately flat compared to Q3, as well as predicts ‘meaningful’ positive adjusted EBITDA for 2023.

Blockchain News, Business News, Cryptocurrency News, Market News, News

Shares of Block Surge 16% after Strong Q3 2023 Results

By Bhushan Akolkar Nov 3, 2023 • 3 mins read

Block provided strong guidance for the full year of 2023 while anticipating the gross profit in the range of $7.44 billion to $7.46 billion.

Business News, Market News, News, Stocks, Wall Street

Apple Reports Q4 2023 Earnings Results, AAPL Stock Drops 3% in Pre-market

By Steve Muchoki Nov 3, 2023 • 3 mins read

Apple reported quarterly revenue of $89.5 billion, down 1 percent YoY, and a cash pile of $162.1 billion down from $166.5 billion at the same time last quarter.

Business News, FinTech News, News

Revolut Appoints New UK CEO amid Licensing Delays

By Godfrey Benjamin Nov 2, 2023 • 3 mins read

The acquisition of a banking license in the UK could open up new revenue streams for Revolut, allowing the company to generate interest income at a time when interest rates are at multi-year highs.

Artificial Intelligence, Business News, News, Technology News

Google Unveils New Generative AI Image Tools to Enhance Product Advertising

By Chimamanda U. Martha Nov 2, 2023 • 3 mins read

In addition to the AI generative AI tools, Google has introduced a set of fresh features aimed at supporting and promoting small businesses, providing them with increased visibility in the digital marketplace.

Bitcoin News, Business News, Cryptocurrency News, Market News, News

Stocks Rally after Fed Interest Rates Decision, BTC Price Tests $35,000 Level

By Tolu Ajiboye Nov 2, 2023 • 3 mins read

There was a recorded rally among several stocks as the Federal Reserve decided that it would leave interest rates untouched.

Business News, Market News, News, Stocks, Wall Street

WeWork Planning to File for Bankruptcy Next Week, WE Shares Decline by Around 50%

By Darya Rudz Nov 2, 2023 • 3 mins read

After all the challenges WeWork has faced, the news about its going bankrupt does not seem surprising. The company did not comment on the announcement yet.

Business News, Market News, News, Stocks, Technology News

AMD Reports Q3 2023 Financial Results, Gives Soft Q4 Guidance

By Darya Rudz Nov 1, 2023 • 3 mins read

AMD hopes to generate about $400 million in sales from its graphics processing units for AI workloads in the fourth quarter2023, which will result in a rise to $2 billion in fiscal 2024.

Blockchain News, Business News, Cryptocurrency News, Investors News, News

Andreessen Horowitz to Raise $3.4B Fund for Crypto Startups

By Mayowa Adebajo Oct 31, 2023 • 2 mins read

Andreessen Horowitz, to date, is arguably one of the most prolific investors in the blockchain space.

Business News, News, Social Media, Technology News

Elon Musk’s X Sees Steep Drop in Value, Now Worth Less than Half of Its Purchase Price

By Chimamanda U. Martha Oct 31, 2023 • 4 mins read

Musk’s alterations to content policies have resulted in a considerable drop in advertising revenue.

Business News, Market News, Mobile, News, Stocks

AAPL Stock Up1%, Apple Launches New iMacs, New PC Chips, and MacBook Pro Laptops

By Godfrey Benjamin Oct 31, 2023 • 3 mins read

The new computers, including MacBook Pro and iMac models, are set to hit the market next week.

Business News, Market News, News, Stocks, Technology News

Tesla (TSLA) Stock Down 5% amid Panasonic Cutting Battery Production

By Darya Rudz Oct 31, 2023 • 3 mins read

As a result of all the challenges faced by Tesla, its long-time partner Panasonic is also bearing losses. It has lowered its full-year operating profit forecast for its battery unit to ¥115 billion ($771 million) from ¥135 billion, as the demand for Tesla EVs in North America slowed down.

Artificial Intelligence, Business News, News, Technology News

Nonprofit Organization Purchases 24,000 Nvidia AI Chips for $500 Million

By Marco T. Lanz Oct 30, 2023 • 3 mins read

The deployment of the 24,000 chips should be completed by February 2024.

Business News, Gaming News, Investors News, News, Technology News

Animoca Brands to Receive $50M from Saudi Arabia’s NEOM to Build Web 3.0 Services with Commercial Application

By Tolu Ajiboye Oct 30, 2023 • 3 mins read

NEOM is set to pump $50 million into Animoca Brands as Animoca supports the region’s Web 3.0 and tech goals as part of Saud’s 2030 vision.

Business News, News, Social Media, Technology News

Elon Musk Plans to Integrate Dating App Features on Twitter (X) by 2024

By Chimamanda U. Martha Oct 30, 2023 • 2 mins read

The idea to turn X into a multifaceted financial hub with dating features comes shortly after Musk unveiled new subscription plans for the social media platform.