Cryptocurrency Analysis and News Portal
On Tuesday, French officials conducted raids on five major banks located in and around Paris, including Societe Generale, BNP Paribas, HSBC, Natixis, and BNP’s Exane Bank, over alleged charges of money laundering and fiscal fraud. According to a spokesperson for France’s Financial Prosecutor’s Office (PNF), the preliminary investigation into four
Read More
Fiscal policy is a tool used by governments to regulate economic activities in their country. It involves the use of government spending, taxation and borrowing to influence economic growth, stabilize inflation and maintain a stable economy. This article will explain what fiscal policy is, how it works, and why it
Read More
According to Nike, inventories climbed 16% in the fiscal Q3 2023 compared to the same period in 2022. Although Nike Inc (NYSE: NKE) is still dealing with its bloated investor, which has continued to affect its China sales, the company squashed estimates in the fiscal Q3 2023. Nike released its fiscal
Read More
Adobe reported revenue of $4.66 billion, up 9 percent YoY, against an estimated $4.62 billion by Wall Street. Adobe Inc (NASDAQ: ADBE), an American multinational computer software company, reported its financial results for the first quarter of fiscal 2023 which ended on March 3. During the first quarter, Adobe reported earnings
Read More
Alibaba saw a decline in the value of transactions on the online shopping platforms during the fiscal Q3. Chinese e-commerce company Alibaba Group (NYSE: BABA) crushed expectations in its fiscal Q3, which ended on December 31. The company recorded revenue of 247.76 yuan, equaling $35.92 billion. Meanwhile, analysts expected Alibaba
Read More
Lime entered 2022 with a very robust capital base, helping it survive the liquidity crunch that many firms on Wall Street had to face. American micro-mobility and electric scooter company Lime has announced a full year of profitability in 2022 for the first time in its history. According to a
Read More
The recent plunge caused by the fiscal Q4 2022 financial performance has caused Home Depot to lose almost 2% in its stock price in the last five days. Multinational home improvement retail corporation Home Depot (NYSE: HD)has released its fiscal Q4 2022 earnings report, revealing that revenue fell short of Wall Street’s
Read More
Computer mice, keyboards, and webcams maker Logitech has lowered its full-year sales outlook after an underwhelming fiscal Q3 2023 report. Logitech International SA (NASDAQ: LOGI) recently posted its Q3 2023 earnings report, which showed a 22% drop in quarterly sales. The underwhelming performance also underscored Logitech’s preliminary results, with a halt
Read More
Consumer goods heavyweight Procter & Gamble saw its fiscal Q2 2023 earnings slip but maintained a higher organic fiscal sales growth. Procter & Gamble (NYSE: PG) recently reported declining revenue and profit in its fiscal Q2 2023 earnings statement. On Thursday, the American multinational consumer goods corporation reported total revenue of $20.77 billion.
Read More
Yesterday, NIKE shares closed the trading session at $103.21, or 0.16% up. After hours, NIKE shares added another 12.77% to reach $116.39. With a market cap of $161.481 billion, NIKE stock is still 38.08% down year-to-date.American sportswear company Nike Inc (NYSE: NKE) struck the Q2 fiscal 2023 balance with great
Read More