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The company explained a 17-per cent drop in revenue by a tough macroeconomic environment and a “broad downturn” in the semiconductor sector. Semiconductors and wireless telecommunications products manufacturer Qualcomm Incorporated (NASDAQ: QCOM) has reported its earning for the second quarter (Q2) of 2023. Qualcomm has beaten analysts’ revenue forecasts, with $9.27 billion
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On Friday, Michael Barr, the vice chair for supervision at the U.S. Federal Reserve, published a report on the vulnerabilities that led to the ultimate failure of Silicon Valley Bank (SVB). In addition, Marshall Gentry, the chief risk officer of the Federal Deposit Insurance Corporation (FDIC), released a similar report
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Ripple has continued to sell XRP only in connection with its international transaction product. Original Source
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As cryptocurrencies increasingly fall under the purview of global tax authorities, digital bank Revolut has integrated an automated tax reporting service for its users.The digital financial services provider has partnered with cryptocurrency tax solution Koinly to allow users to generate cryptocurrency tax reports to work out gains and losses. Revolut
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Due to a strong quarter, Barclays “remains on track to deliver its 2023 targets, with all performance metrics in line with or ahead of guidance.” British multinational investment bank Barclays PLC (LON: BARC) has released its performance results for Q1 2023. The bank’s net profit of £1.8 billion (or $2.2 billion) beat
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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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With Q1 over, the CEO is confident that Philips will deliver on its plan for 2023. Shares of multinational conglomerate corporation Philips (NYSE: PHG) popped 12.72% at the pre-market trading on Monday as the company released its Q1 2023 financial results. The company recorded gains after reporting higher adjusted EBITA and
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In this week’s Q1 tech earnings reports, investors look for signs of staying power amid a recession-threatened economy. Tech earnings will make up a significant portion of corporate Q1 earnings this week, in the second week of quarterly reports. Investors will be paying close attention to Amazon (NASDAQ: AMZN), Microsoft (NASDAQ:
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Morgan Stanley has retained its stance as one of the top banks in the United States with influence spread around the world. American multinational banking giant Morgan Stanley (NYSE: MS) has released its performance and revenue report for the first quarter of this fiscal year, showcasing a result that is lower
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United Airlines reported that its total capacity went up by approximately 23.4 percent during the first three months of the year. United Airlines Holdings Inc (NASDAQ: UAL) announced its first-quarter (Q1 2023) financial results on April 18. According to the announcement, the company recorded a $256 million pre-tax loss for the
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