The Canadian dollar slipped against its U.S. counterpart on Friday, as higher bond yields in the United States boosted the appeal of the greenback, while domestic data showed a smaller-than-expected increase in wholesale trade. U.S. bond yields surge on inflation expectations The U.S. dollar rose against a basket of major...
Coinbase Profits from Bitcoin ETF Craze in Q4
The crypto exchange posts its best quarterly results in two years Coinbase Global (COIN), the largest U.S. cryptocurrency exchange, reported its fourth-quarter earnings on Thursday, beating analysts’ expectations and posting its first quarterly profit in two years. The company benefited from the surge in trading activity and interest in digital...
Applied Materials Beats Q1 Expectations and Raises Outlook
The semiconductor equipment maker reports strong results amid chip shortage Applied Materials (AMAT), the world’s largest supplier of semiconductor manufacturing equipment, delivered a beat-and-raise earnings report for its fiscal first quarter on Thursday. The company posted adjusted earnings of $2.13 per share on revenue of $6.71 billion, surpassing the consensus...
Trump’s Truth Social Gets Green Light from SEC to Go Public
A merger deal worth billions of dollars Trump Media & Technology Group (TMTG), the company behind former President Donald Trump’s social media platform Truth Social, has received approval from the U.S. Securities and Exchange Commission (SEC) to merge with a blank-check company and go public. The merger deal, which was...
Berkshire Hathaway reduces Apple stake, buys more Chevron stock
Berkshire Hathaway, the conglomerate led by Warren Buffett, revealed its latest stock moves in a regulatory filing on Tuesday. The company trimmed its stake in Apple, sold its holdings in Paramount and HP, and increased its position in Chevron. The company also kept secret a new investment worth over $1...