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HSBC shares in Hong Kong jumped more than 3% following earnings release. On NYSE, the stock is up 1.56%.In an announcement that has taken the industry by storm and caught experts unaware, HSBC Holdings plc (NYSE: HSBC) has announced that its Pre-tax profit for the first half of the year
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According to PayPal’s Q2 2021 earnings report, the company has seen a 19% growth in net revenue year over year in the quarter that ended June 30, reaching $6.24 billion. However, it falls short of the $6.27 billion expected. Worldwide online payments provider PayPal Holdings Inc (NASDAQ: PYPL) has joined the ranks of
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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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Gera Coin launched a few months ago with the ambitious objective of pioneering a new era of cryptocurrency payments for delivery. Since then the project has surpassed expectations time and time again, thrilling investors and its growing community. Gera Coin is a blockchain-based payment-for-delivery application. The project aims to help users
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As Wall Street predicts, the upcoming 2021 will be fruitful for Apple. Analysts expect the company’s revenue to increase to 15% in fiscal 2021 from 6% in 2020. Further, and profit growth is projected to double to 20%.Apple‘s excellent performance has brought Apple Inc (NASDAQ: AAPL) stock to a new
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A group of leading U.S. financial regulators has released a new statement on stablecoins. One of the headlining topics of crypto regulation news this year, stablecoins were the main topic of a Dec. 23 statement the President’s Working Group on Financial Markets, or PWG. The PWG includes representation from the Treasury,
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Open letter On 21 July 2020 the Information Commissioner’s Office (ICO) and five other data protection and privacy regulators from around the world
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Cryptocurrency derivatives exchange FTX is increasing the margin requirements on its TRUMP and other President 2020 futures contracts.Announced Friday, the exchange said it is upping the initial margin requirement to $0.50, meaning traders must put up that amount to acquire 1 short TRUMP contract. The change comes in on Saturday
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Energy company BP has reported $0.1 billion in underlying replacement cost profit, surpassing analysts’ expectations of $347 million loss in Q3.Energy company BP Plc (LON:BP) has exceeded analysts’ expectations as it reported profits for the third-quarter (Q3). The earnings result, which was released on October 27th, showed that the company
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The report indicates that a CBDC should be easily convertible, convenient to all, possess an unmatched security system, have high speed, and should be of legal sound.As the world financial system gets digitized, central banks are tirelessly working on developing and issuing their Central Bank Digital Currency (CBDC) in the
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