Ride-hailing and delivery platform Uber Technologies, Inc. reported Wednesday weak profit in its fourth quarter, while adjusted EBITDA surged from last year with strong revenue growth above market view. Gross bookings increased and the company projects higher gross bookings in the first quarter. Nelson Chai, CFO, said the company significantly […]

Fashion luxury group Capri Holdings Ltd (CPRI), while announcing weak third-quarter results, on Wednesday issued outlook for its fourth quarter, and trimmed fiscal 2023 forecast, both below market estimates. The company also provided fiscal 2024 guidance higher than the previous year, but below Wall Street estimates. In pre-market activity on […]

A potpourri of reactions continues to fill the Bitcoin community following the launch of Ordinals, an NFT-like protocol, on the Bitcoin blockchain. Ex-Bitcoin developer, Casey Odarmor, made public the release of Ordinals in a January 21st blog post titled “Inscribing Mainnet,” sparking criticisms from a sector of Bitcoin maximalists who […]

Recently, popular and highly respected on-chain Bitcoin analyst Willy Woo took a closer look at Bitcoin’s recent rally that has seen the price of the flagship cryptocurrency rise nearly 40% in January 2023. On 31 January 2023, Woo told his one million Twitter followers: “This recent rally coincides with a […]

Fresh off the t-zone of a tempestuous 2022, Bitcoin is slowly picking up the pace to touch the halfway mark on its all-time high. A reclaim in 2023 would mark the most remarkable comeback, especially among underwater holders except one — Cathie Wood.  The self-styled founder, CEO and Chief Investment […]

Federal Reserve’s as-expected 25-basis points rate hike and a dovish commentary lifted cryptocurrencies more than 4 percent in the past 24 hours. The acknowledgement that a disinflationary process had started in the economy helped bolster sentiment even though the Fed Chair stopped short of declaring a victory over inflation. The […]

Relief rallies post the Fed’s decision on Wednesday lifted world markets across regions and asset classes. Though the Fed increased rates by 25 basis points as expected, it did acknowledge that a disinflationary process had started in the economy. Markets now await the decisions by the Bank of England and […]

Jack Mallers, the founder and CEO of Zap Solutions, a Bitcoin payments start-up that uses the Lightning Network, says that the company’s platform, Strike, now enables fast direct transfers of U.S. dollars to banks and mobile money accounts in the Philippines. On 6 December 2022, Strike announced its “Send Globally” […]

A top cryptocurrency analyst that has gained a large following on social media after accurately in January 2018 Bitcoin’s 84% decline throughout that year, has said $BTC recently flashed an “extremely rare” bullish signal. On Twitter, Brandt shared a chart with his nearly 700,000 followers on the microblogging platform showing […]

Shares of Spotify Technology S.A. (SPOT) are rising more than 9% Tuesday morning after reporting improved revenue in the fourth quarter. The company said its Premium Subscribers grew 14% to 205 million. Quarterly revenue increased 18% year-on-year at 3.166 billion euros. Monthly Active Users increased 20% to 489 million. Spotify, […]