AT&T Releases Q1 Results. Revenues Grew 3% YOY
AT&T generated revenues of $43.9 billion in Q1 2021, up 3% from $42.8 in the same quarter of 2020, according to the company’s press release. The earnings per share was…
Existing-Home Prices Hits a Record High of $329,100 in March as Sales Fall
Existing-home prices rose at an annual pace of 17.2% in March, to reach a fresh record high of $329,100, according to the National Association of Realtors press release. All regions…
Jobless Claims Extend Declines to Hit a Below-Estimate of 547,000
US jobless claims were 547,000 for the week ending April 17, a 39,000 fall from the previous week, according to the Department of Labor press release. The jobless claims were…
Tiger Global Invests $25 Million in India’s Crypto Exchange CoinSwitch
Indian crypto exchange CoinSwitch Kuber has attracted $25 million funding from Tiger Global Management, according to The Block. The funding is the first investment by Tiger in an Indian crypto…
Chinese EV Startups See Opportunity in Europe as Domestic Rivalry Intensifies
Chinese electric carmakers are targeting expansion in Europe as competition intensifies in the domestic market, according to CNBC. The startups see opportunity in Europe due to the lack of viable…
These are the New FAA Drone Rules Effective 60 Days after Publication
The Federal Aviation Administration has issued new rules that require Remote Identification of drones, according to press release. The rules mandate operators of small drones to satisfy certain conditions before…
Digital Bank Revolut seeks Indian Expansion with $25 Million Investment
British Fintech Revolut plans to invest $25 million in India over the next five years and launch an app in the country by 2022 , according to CNBC. Paroma Chatterjee,…
Binance under European Regulators’ Radar Over Security Rule Compliance
Crypto exchange, Binance has attracted scrutiny from European regulators over compliance with security rules, according to Finance Times. The move follows the exchange’s launch of stock tokens trading. Binance initiative,…
Leveraged Buyout Deals Gain Momentum with $1.6 Trillion Awaiting Deployment
Private-equity firms have a record $1.6 trillion of unspent cash, ready to deploy in pricey buyout deals, according to the Wall Street Journal. The record reflects bigger funds seeking larger…
Blockchain.com Reveals Baillie Gifford Invested $100 Million in Funding Round
Baillie Gifford invested $100 million, the largest single investment in Blockchain.com, according to report. The investment was part of $300 million in Series C funding led by DST Global partners,…
ASML Reports Q1 Above Guidance. Reaches 4.4 Billion Euros in Sales
ASML Holdings reported first-quarter sales of 4.4 billion euros, up from 4.3 billion euros in Q4 2020, according to the company’s press release. The company expects net sales to slip…
Crypto Platform Gemini Rides on Cryptocurrency Surge to More than Double Assets
Gemini, a crypto platform founded by Winklevoss twins, has hit more than double digits in crypto assets this year, according to MarketsInsider. The platform now controls over $25 billion worth…
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