Apple is all gearing up for the launch of some powerful Mac machines ahead in the coming featuring its ultra-powerful in-house silicon hardware, a move aimed at getting rid of the Intel chipsets in near future.
In Q1, the net income of Walmart was $2.73 billion. This increased the earnings per share by 97 cents.
Macy’s is raising its overall outlook for the rest of the year based on its performance in the first quarter.
Amazon has offered $9 billion to MGM for a purchase deal, beating other rumored competitors. Currently, talks are still on. Amazon shares climbed in response to a bullish forecast from Morgan Stanley.
Taking into account Marqeta’s valuation in the private markets, where its shares are selling from $33 to $35 each, the company’s market cap post IPO may top $16 billion to $17 billion, a figure that will outpace the record set by Affirm.
Notably, during the first quarter, Coinbase recorded a net profit of over $771 million, more than fourfold of what the company reported during the fourth quarter.
MicroStrategy filed a Form 8-k with the United States Securities and Exchange Commission regarding the 271 Bitcoin purchase on May 13, 2021.
While Disney’s subscriber base for its streaming services continues to surge further it is still not in line with Wall Street expectations. Disney targets a 240-260 million subscriber base by 2024.
Amazon shares have seen a steady decline. AMZN stock has dropped more than 1% year-to-date and declined 1.17% in the last three months.
After a sharp correction earlier on Tuesday, shares of Big Tech made a good recovery by the end of the trading session. The fears of inflation continue to hover over the market.
Experts believe that the acquisition of COIN stock is more suitable for long-term investors as the shares may be volatile in the near term.
A 27% decline in sales within a month shows a decreasing demand for Tesla products in China amid increased competition from local electric vehicle companies.
The increased Peloton sales were fueled by the company’s targeted investments in its shipping line, a venture that has helped it reduce the hassles surrounding the delivery of its product.
Sundar Pichai said Google is developing more remote roles as part of the company’s new work plan.
Since 2017, Jeff Bezos has been selling $1 billion in Amazon shares every year in order to fund his Blue Origin space project. The transactions are a part of a prearranged 10b5-1 trading plan which provides an affirmative defense to insider trading.