Author: apexa

Oracle Corp. (NYSE: ORCL) announced its third-quarter earnings on Thursday after the market closed. With a market capitalization of $203.969 billion and an average trading volume of 9.5 million shares, the company reported earnings for this quarter. The Oracle (ORCL) stock closed at $76.65, with a gain of (+0.72)%, during the after-hours the stock slipped 5% due to the earnings announcement on Thursday.  Revenue: $10.51 billion, vs. $10.51 billion as expectedEPS: $1.13 per share adjusted, vs. $1.18 per share as expected     Financial Highlights Total Revenue $10.5 billion, up 4% and up 7% in constant currencyTotal Cloud Revenue (IaaS plus SaaS) of…

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After witnessing its biggest plunge in two years, oil prices went down, losing their gains to trade lower on Thursday. In the Thursday session, the traders debated the market’s concerns over the supply-chain disruptions. Russia has pledged to fulfill its contractual obligations of the energy supply. The traders debated if the supply concerns were overdone or if the concerns would turn into a reality. After Russia’s full-scale invasion of Ukraine, the oil markets and the energy sector have been the most volatile in the last two years. The global benchmark Brent Crude recently recorded its biggest decline since…

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Yield 10 Bioscience (NASDAQ: YTEN) reported its fourth-quarter earnings for the fiscal year 2021, after which its stock soared over 15%. The recent rise in the price of commodities because of the Russia-Ukraine war has also pushed the stock higher as the inflation rates increased to 7.9% in the US in February. The company used $9.3 million in cash for its operating activities during the year ended December 31, 2021, compared to $8.7 million used for operating activities during last year. During early 2021, Yield10 raised $12.7 million, before issuance costs of $0.7 million, in an underwritten public…

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The volatile crypto market, which recently braved geopolitical turbulence, crashed again after Joe Biden’s executive order, asking federal agencies to draft crypto regulations. In the order issued by American President Joe Biden, he asked the agencies to coordinate the crypto markets and the digital asset sector. The crypto investors were also wary as the diplomatic talks between Russia and Ukraine did not bring any positive results. The ceasefire could not be prolonged as the countries did not reach any conclusions. Cryptocurrencies also fell just ahead of the ECB’s rate decision while U.S. inflation increased 7.9% in February. …

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AMC CEO Adam Aron updated his investors by posting a tweet on Thursday, confirming that AMC Theatres have started accepting Dogecoin and Shiba Inu for payment. The CEO of the World’s largest theatre chain had earlier promised that AMC would start accepting the now popular cryptocurrencies Dogecoin and Shiba Inu in during his Q4 earnings call earlier this month. AMC Theatres have already started accepting Bitcoin and Ethereum in late 2021. Adam thanked Bitpay for helping the company in making the new cryptocurrencies acceptable.   https://twitter.com/CEOAdam/status/1501962022409445385 Earlier this week AMC reported a record box-office collection from the new Batman movie. The…

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Shiba Inu coin (SHIB) has been getting new owners in 2022 after hitting the one million holder mark at the end of 2021. The adoption of the meme token continues to increase. In a new series of events, the Deputy Chairman of AK Party Group, and Minister of Economy for Turkey, Mustafa Elitas, discussed SHIB adoption with a SHIB army member from Turkey. Shiba Inu Türkiye had a face-to-face discussion with the officials from the Parliament, chaired by Mustafa Elitas. During the meeting, the SHIB Ecosystem was discussed and addressed. The Turkish fiat currency, the Turkish Lira, saw…

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Crowdstrike Holdings, Inc. (Nasdaq: CRWD), the American cybersecurity technology, released its earnings for its January quarter, beating estimates. On Thursday, the CRWD stock jumped after its fiscal 2023 guidance came well above analysts’ estimates. Stock Performance Crowdstrike (CRWD) has a market capitalization of $38.939 billion. The company has an average trading volume of 4.4 million shares which rocketed to a trading volume of 9.2 million shares for the day after the earnings were reported. CRWD stock previously closed its trading at $169.79 on Wednesday, up 13.02 points (+8.31%). The stock trades at $190.45, up 20.66 points (+12.17%)…

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The stock price of Figs Inc. (NYSE: FIGS) rose on Wednesday after reporting a stronger expected earnings report. The stock previously closed at $14.04 but opened at $15.85 and kept rising as the trading continued. Figs, Inc. (FIGS) has a market capitalization of $2.878 billion and an average trading volume of around 3 million shares. The trading volume rose to 5.7 shares. The FIGS stock traded at $17.83, up 3.79 points (+26.99%) at the time of writing. The stock has covered its losses from last month and is up around 19% in the past five days. The Figs…

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Sunshine Biopharma, the pharmaceutical company’s stock, soared around 180% on Wednesday as the entire stock market recovered after the tension between Russia and Ukraine eased a little. Ukraine’s President Volodymyr Zelensky announced that he is no longer interested in NATO membership- the reason behind the ongoing Russia-Ukraine War. Sunshine Biopharma has a market capitalization of $15.616 Million and an average trading volume of 472,207 shares. The trading volume of the company’s stock jumped to 35,933,375 shares. The SBFM stock has previously closed its trading at $1.520 but opened its trading on Wednesday, rising around 100%. Sunshine Biopharma (SBFM)…

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U.S. President Joe Biden has signed an executive order on cryptocurrencies. He directed federal agencies to coordinate the crypto markets and the digital asset sector. Despite the news, the crypto market gained, and major cryptocurrencies went up during the trade on Wednesday. In his order, Biden asked the agencies to draft cryptocurrency regulations. On Wednesday, the President signed this first-of-its-kind executive order. Crypto Market Performance   The cryptocurrencies surged after the executive order was signed, against what was expected. Bitcoin (BTC) gained 8.60% and traded at $42,093.70, covering its early losses. Earlier in the day, the crypto was trading below $40k…

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