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PayPal has been forced to update its 2023 earnings outlook due to its latest financial reports. Multinational digital payment company PayPal (NASDAQ: PYPL) has released the financial report of its earnings in the first quarter of 2023. PayPal benefited from the outbreak of the novel coronavirus in 2020 as more people
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Despite surpassing the USD in cross-border payments in China, the use of the yuan in global trade finance remains low. The Chinese yuan has become the most used currency for cross-border transactions in China. In March, the yuan overtook the US dollar for the first time in cross-border transactions in the
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E-commerce giant eBay is optimistic going into the second quarter after logging commendable figures in its Q1 2023 outing. On Wednesday, April 26, 2023, eBay Inc (NASDAQ: EBAY) reported its Q1 2023 earnings, which beat revenue and earnings per share (EPS) estimates. For the year’s first quarter, the multinational e-commerce company realized revenue of
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In its fiscal Q3 2023 report, Microsoft CFO Amy Hood stressed that the company would continue to prioritize AI-related endeavors. Yesterday, Microsoft Corp (NASDAQ: MSFT) posted its fiscal Q3 2023 earnings report, which beat expectations on the top and bottom lines. In addition, the multinational tech corporation’s latest outing also surpassed
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Beverage giant PepsiCo raised its full-year outlook following its commendable Q1 2023 performance, beating analysts’ expectations. PepsiCo (NASDAQ: PEP) has raised its 2023 yearly outlook following its better-than-expected Q1 performance. On Tuesday, the multinational food, snack, and beverage corporation posted earnings and revenue that surpassed expectations. For the first quarter of the year,
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According to its Q1 2023 report, beverage giant Coca-Cola realized revenue of $10.96 billion on higher product prices and increased demand. Coca-Cola (NYSE: KO) published a Q1 2023 earnings report that beat estimates, largely by benefitting from price increases and higher demand. For the first quarter of 2023, the beverage giant pulled in
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According to the latest Coingecko crypto industry report, during the first quarter of 2023, bitcoin became the best-performing asset after it saw its U.S. dollar value go up from just under $17,000 observed on Dec. 31, 2022, to just over $28,000 by March 31, 2023. The report attributes the crypto
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Bitcoin (BTC) spiked higher prior to the April 12 Wall Street open as United States inflation data outperformed market forecasts.BTC/USD 1-minute candle chart (Bitstamp). Source: TradingViewCPI offers "great inflation print" for risk-on bullsData from Cointelegraph Markets Pro and TradingView followed BTC/USD as it neared new ten-month highs on Bitstamp.Widely-predicted volatility
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According to Geely, it is projecting a total of 1.65 million units for the current fiscal year and it expects its electric vehicle to dominate the mix. Chinese automobile giant Geely Automobile Holdings Ltd (HKG: 0175) has beaten revenue expectations with respect to its revenue for the 2022 financial year. According
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United States-based cryptocurrency exchange Coinbase has beaten revenue expectations for the fourth quarter of 2022 but continued to see its transaction volume decline.Net revenue for the exchange came in at $605 million for the quarter, beating the $589 million revenue reportedly estimated by Wall Street analystsTransaction volumes decreased 12% compared
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