JD.com recorded increased growth activity across the majority of its business unit in its diversification push.
Ford refused to add any additional details about its electric vehicle as its official public reveal is set to happen today at 9:30 p.m. EDT.
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.
On a long-term basis, Coinbase stock remains bullish supported by an upward call for the cryptocurrency industry by several Wall Street analysts.
AT&T and Discovery have taken a decision to merge their content business units to create a publicly-traded company.
AT&T and Discovery are in talks to merge their business operations into one publicly traded entity.
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.
Investors and the market are looking closely at the inflation data as Wall Street looks to navigate through these muddy waters. Fears of inflation have also triggered a sell-off in growth stocks recently.
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.
SPCE stock has now lost over 50% of its value since ARKX began trading back in the latter stages of March when it debuted on the market with a total stake of almost 672,000 shares of Virgin Galactic which was worth $20 million at that time.
In terms of individual company performance on Wednesday, FAANG stock all closed with losses.