Author: Kritika Mehta

Shiba Inu, the meme coin, has been in the top trending list recently. Its price has surged by almost 889% in October 2021, according to data released by CryptoCompare. Source: CryptoCompare Elon Musk supports SHIB? Elon Musk’s tweet about his dog Floki, which is a Shiba Inu dog initially kept the coin’s price soaring. After the tweet he made in early October 2021, the price of the meme coin rose by 21%. In contrary, recently Elon Musk revealed that he owns none of the Shib tokens but Dogecoins. He goes on to say that $DOGE is “people’s crypto”. Hence, favouring…

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Squid game meme coin, inspired from a dystopian T.V. show Squid Game just got its price crashed by 99.9% after a 230,000% gain. The coin was valued at $2,856 before it crashed to ‘zero’ on November 1, 2021. Trade volume of the cryptocurrency declined by almost 147%. This came as a shock to investors who had been trading using the coin. Source: CoinMarketCap The above mentioned chart shows a sharp decline in the meme coin’s price. The coin’s price had spiked up to $2,856 between 2.30 a.m. to 5 a.m. ET. However, it crashed moments after it. Many investors had…

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ExxonMobil (NASDAQ: XOM), the American multinational oil and gas company has reported its third-quarter earnings on October 29, 2021 before the market opened. Here’s all you need to know about the latest disclosure. Revenue: $73.79 billion vs $76.34 billion expectedEPS: $ 1.58 adjusted vs $1.56 expectedNet Income: $6.8 billion Financial Highlights Quarterly earnings increased by $7.4 billion versus 2020 on improved demand and strong operationsCash flow from operating activities of $12.1 billion funded capital investments, debt reduction, and dividendAnticipate future annual capital investments of $20 billion to $25 billion; 4X increase in low-carbon spendExpect to be well within debt-to-capital target…

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The multinational technology company Apple Inc. released its fourth-quarter earnings on October 28, 2021, after the market closed. The company has consistently performed well in terms of earnings. Here is all you need to know of the latest disclosure. Financial Highlights Revenue: $83.4 billion vs $84.85 billion expectedEPS: $1.24 adjusted vs $1.21 expectedNet Income: $20.6 billionShareholders’ returns: Apple’s board of directors has declared a cash dividend of $0.22 per share of the Company’s common stock. The dividend is payable on November 11, 2021 to shareholders of record as of the close of business on November 8, 2021. CEO’s Statement “This year…

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The online shopping platform eBay has released its third-quarter earnings on October 27, 2021, after the market closed. Here’s all you need to know. Revenue: $2.501 billion vs. $2.46 billion expectedEPS: $0.90 adjusted vs. $0.89 expectedNet Income: $591 million Financial Highlights Revenue was $2.5 billion, up 11% on an as-reported basis and up 10% on a foreign exchange (FX) neutral basis.Gross merchandise volume (GMV) was $19.5 billion, down 10% on an as-reported basis and down 12% on an FX-Neutral basis.GAAP net income from continuing operations was $283 million, or $0.43 per diluted share.Non-GAAP net income from continuing operations was $591…

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McDonald’s released its third-quarter earnings ending September 2021, on Wednesday before the market opened. The world’s most popular fast-food chain saw same store sales growth in its international markets as Covid-19 restrictions started easing. Revenue: $6.2 billion vs. $6.04 billion expectedEPS: $2.76 adjusted vs. $2.46 expectedNet Income: $2.15 billion Highlights Global comparable sales increased 12.7% (10.2% on a 2-year basis), reflecting positive comparable sales across all segments:U.S. increased 9.6% (14.6% on a 2-year basis)International Operated Markets segment increased 13.9% (8.9% on a 2-year basis)International Developmental Licensed Markets segment increased 16.7% (4.9% on a 2-year basis)Consolidated revenues increased 14% (13% in constant currencies) to $6,201 million.Systemwide…

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Advanced Micro Devices Inc. (AMD) released its third-quarter earnings ending September 2021 on Tuesday after the market closed. AMD reported a revenue of $4.3 billion with a net income of $923 million and diluted earnings per share of $0.75. Shares were up 0.2% at $123.20 during after hours following the announcement. Revenue: $4.3 billionEPS: $0.75 per shareNet income: $923 million Financial Highlights Revenue was $4.3 billion, up 54 percent year-over-year and 12 percent quarter-over-quarter driven by higher revenue in both the Computing and Graphics segment and Enterprise, Embedded and Semi-Custom segment.Gross margin was 48 percent, up over 400 basis points year-over-year and up 80 basis points quarter-over-quarter.…

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