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Tesla CEO Elon Musk may have a role to play in dragging the price of Bitcoin down, hence, paving the way for the impairment loss suffered by the firm.American electric vehicle and clean energy company, Tesla Inc (NASDAQ: TSLA) has posted its second-quarter earnings results in which it revealed a
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Snap stock has risen approximately 184.94%, and 25.76% in the past year and seven months.Snap Inc (NYSE: SNAP) stock traded 16.31% higher in today’s premarket around $73.24. The notable spike has been directly attributed to the second-quarter earnings results that beat analysts’ expectations. Notably, Snap reported revenue of $982 million in
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In Q1, the net income of Walmart was $2.73 billion. This increased the earnings per share by 97 cents.The retail giant Walmart Inc (NYSE: WMT) reported its earnings for Q1 which surpassed estimates. If the results are anything to go with, the company has a bright outlook for the year
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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.Coinbase Global Inc (NASDAQ: COIN) stock was up over 6% in today’s pre-market to trade around $282.30. However, COIN stock closed yesterday trading at $265.10,
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Tesla adding Bitcoin to its corporate treasury back in February was considered an inflection point for the cryptocurrency. A major corporation adopting BTC into its balance sheet seemed like a sign that the BTC has gone mainstream. CEO and “Technoking of Tesla” Elon Musk was apparently convinced by MicroStrategy’s CEO Michael
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The Norwegian Tax Administration has issued a warning to crypto traders in advance of Norway's April 30 deadline to file tax returns.According to a notice from the Norwegian Tax Administration on Wednesday, the government agency advises all taxpayers who owned or sold crypto in 2020 to enter it on their
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During the first three months of 2021, Johnson & Johnson reported revenue of $22.32 billion versus $21.98 billion expected by analysts. Healthcare company Johnson & Johnson (NYSE: JNJ) stock has jumped over 2.5% on Tuesday, April 20, 2020, as of 11:00 a.m EDT to trade around
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Within a week of its IPO, Bitcoin and crypto exchange Coinbase has generated great hype. Its earnings report for Q1 2021 could have an impact that will be felt throughout the crypto market. Coinbase Will go public on April 14th, after some controversy. The exchange’s estimated valuation sits at $100 billion
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Oracle reported a net income of $5.02 billion, or $1.68 a share, compared with $2.57 billion, or 79 cents a share, in the year-ago period.Oracle Corp (NYSE: ORCL) stock closed yesterday trading at $72.12, 0.72% down. The drop intensified during Thursday’s premarket as the dip was approximately 5.44% at the
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