Coinbase chief executive officer Brian Armstrong is reassuring users about the financial health of the Nasdaq-listed crypto exchange, following a potentially damaging tweet – since deleted – from Changpeng Zhao (informally known as CZ), CEO of the world’s largest cryptocurrency exchange by volume, Binance. See related article: Binance the winner in FTX saga, set to gain more … Read more
The Politburo Standing Committee said China’s epidemic prevention measures must not be relaxed, according to state media The Politburo Standing Committee said China’s epidemic prevention measures must not be relaxed, according to state media China’s new top leadership body reaffirmed Beijing’s “dynamic-zero” COVID-19 policy on November 10, as case numbers rose and authorities in the … Read more
Rivian (RIVN) shares jumped after hours as the electric adventure vehicle maker reported a narrower loss than expected loss for the third quarter, and also reaffirmed its full-year production forecast and financial outlook. For the quarter Rivian reported revenue of $536 million, missing estimates of $561.1 million, and reported an adjusted EPS loss of $1.57 … Read more
Kosmos Energy Non-GAAP EPS of $0.19, revenue of $456.1M; reaffirms FY22 guidance Source link
Penny Hardaway has had trouble keeping his top recruits at Memphis.Image: Getty Images San Ysidro teammates Mikey Williams and JJ Taylor’s committing to play for Memphis next season would have been the biggest recruiting heist in college basketball two years ago. But for a variety of reasons, Penny Hardaway’s track record with one-and-done phenoms at … Read more
SJW reports Q3 earnings miss; reaffirms FY22 guidance Source link
The first federal budget under the Anthony Albanese led-government has outlined that Bitcoin (BTC) will continue to be treated as a digital asset, and not taxed like a foreign currency. This clarification comes in response to El Salvador’s adoption of BTC as legal tender in September last year, with the Australian government essentially ruling out … Read more
Bristol Myers Squibb Non-GAAP EPS of $1.99 beats by $0.16, revenue of $11.22B beats by $40M, re-affirms FY22 outlook Source link
General Motors (GM) reported profit jumped in the third quarter, driven by record revenue and robust demand. For the quarter, GM reported revenue of $41.89 billion, just slightly below analyst expectations of $42.37 billion, but still a record amount for the automaker. GM’s adjusted third quarter EPS came in at $2.25, well ahead of expectations … Read more
