Apple Cruises By With “Better Than Expected” Fiscal Q2 2023, Expects Revenue Decline To Continue
Apple (NASDAQ: AAPL) said on Thursday that its revenue decreased 3% to $94.8 billion in the first three months of the year, as consumers cut down on purchases of smartphones and laptops due to recession fears. The company’s revenue was somewhat higher than what Wall Street projected at $92.96 billion, but it was the iPhone […]
Jeffrey Epstein’s Island Will Be Turned Into A 5-Star Resort
Entrepreneur and investor Stephen Deckoff’s investment firm, SD Investments LLC, has announced the acquisition of the Great St. James and Little St. James islands, located in the United States Virgin Islands. Little St. James was the site of convicted sex offender Jeffrey Epstein’s sex-trafficking scheme that targeted dozens of young women and children. According to […]
SEC Issues Record $279 Million Whistleblower Award
The Securities and Exchange Commission has set a new record for a whistleblower award. The agency this morning reported that it has more than doubled the previous record of $114 million under a new award given to a whistleblower. The award handed out this morning amounted to an eye-popping $279 million. “The whistleblower’s sustained assistance […]
Anheuser-Busch CEO Says Global Volumes Are Down After Backlash, But ‘Too Early’ for Full View
Speaking for the first time about the Bud Light controversy, Anheuser-Busch InBev (NYSE: BUD) chief executive Michel Doukeris shrugged off the impact of conservative backlash on the beer brand on sales volume after it engaged transgender rights advocate, actress, and TikTok star Dylan Mulvaney. “It is too early to have a full view,” Doukeris said […]
US Jobs Report Revises Down Prior Estimates By 149,000
Employment is on the rise in the US, with the latest report by the US Bureau of Labor Statistics indicating this morning that nonfarm payroll employment rose by 253,000 jobs in the month of April. The unemployment rate currently is said to sit at 3.4%, while the number of unemployed persons is numbered at 5.7 […]
Coinbase Shares Surge Following Q1 2023 Financials: 22% Revenue Jump, Flat Trading Volume, $79 Million Net Loss
Coinbase Global, Inc. (NASDAQ: COIN) reported its Q1 2023 financials, topbilled by $736.4 million in net revenue. This is a jump from Q4 2022’s $604.9 million but a decline from Q1 2022’s $1.16 billion. Breaking down the figure, transaction revenue contributed $374.7 million (vs. Q4 2022’s $322.1 million) and subscription and services revenue added $361.7 […]
Power Nickel Closes Financing, Assays Slated To Be Released Next Week
Power Nickel (TSXV: PNPN) has closed out the final tranche of the financing it announced back in March. The financing consisted of flow through funds which were raised to fund exploration activities at its flagship Nisk nickel sulfide property in Quebec.
First Horizon Cratered After TD Ends $13.4-Billion Merger Talks
The merger deal between TD Bank Group (TSX: TD) and First Horizon Corporation (NYSE: FHN) has been terminated, the firms said on Thursday. The acquisition, which valued First Horizon at $13.4 billion when announced in February 2022, was put off because the banks did not know whether or not they would have the requisite regulatory […]
Ex-Celsius CEO Alex Mashinsky Apparently Blames Firm’s Collapse On FTX
Alex Mashinsky, co-founder and former CEO of Celsius Network, has moved to dismiss the New York State complaint filed against him, which seeks to recompense everyone who lost money in the collapse of his crypto lender, which once had $30 billion in assets. According to the complaint, Mashinsky committed securities fraud by providing false and […]
Icahn Enterprises Declares Dividend In Attempt To Calm Investors
Icahn Enterprises (NASDAQ: IEP) is looking to stem losses as a result of a short report issued earlier this week by Hindenburg Research. The firm this evening announced that it will be continuing its dividend as usual in an effort to calm investor fears. “We would normally wait for the earnings call but, due to […]