Tag Archives: Market News

CoinspeakerIRS Announces Full Digital Document Submissions for 2024 Tax Season The initiative will be funded through the Inflation Reduction Act, which approved $80 billion over ten years for the IRS. IRS Announces Full Digital Document Submissions for 2024 Tax Season

CoinspeakerAMD Stock Gains after Q2 2023 Earnings and Plans to Boost AI Chip Production AMD is gearing up for its AI progress and is pushing to launch its top-notch MI300 AI chips in the last quarter of the year. AMD Stock Gains after Q2 2023 Earnings and Plans to Boost AI Chip Production

CoinspeakerUber Shares Plummet over 5% Following Q2 2023 Operating Earnings Report Uber reported record profits and milestones in the second quarter of 2023, with significant improvements in earnings per share, operating income, and EBITDA, as well as a substantial increase in trips and food delivery orders. Uber Shares Plummet over 5% Following Q2 2023 Operating Earnings Report

CoinspeakerBritish Petroleum (BP) Reports 70% Drop in Profit in Q2 2023, Raises Dividends by 10% With falling commodity prices, BP and other oil giants faced significant headwinds taking a major hit on its profits during Q2 2023. British Petroleum (BP) Reports 70% Drop in Profit in Q2 2023, Raises Dividends by 10%

CoinspeakerSoFi Technologies Reports Impressive Q2 2023 Earnings, Surpassing Expectations The company reported record-breaking new member additions, surpassing the 584,000 mark. SoFi Technologies Reports Impressive Q2 2023 Earnings, Surpassing Expectations

CoinspeakerPanasonic Records Impressive Fiscal Q12024 Profit Surge Amid the euphoria of a robust first quarter, Panasonic has decided to maintain its full-year profit predictions. Panasonic Records Impressive Fiscal Q12024 Profit Surge

CoinspeakerEurozone Q2 GDP Beats Expectations, Inflation Down but Economists Still Fear Recession While inflation in Eurozone shows signs of slowing down, it still remains much higher than the targeted 2%. Economists also pointed out other cracks in the Eurozone economy. Eurozone Q2 GDP Beats Expectations, Inflation Down but Economists Still Fear Recession

CoinspeakerEuropean Central Bank Tackles Inflation with 25 BPS Rate Hike As the global economy continues to recover from the COVID-19 pandemic, the Eurozone is facing increasing chances of inflationary pressures. European Central Bank Tackles Inflation with 25 BPS Rate Hike

CoinspeakerBarclays Faces Challenges in UK Division as Inflation and High-Interest Rates Affect Margins To counter the margin pressure, Barclays announced plans for a share buyback of up to £750 million. Barclays Faces Challenges in UK Division as Inflation and High-Interest Rates Affect Margins

CoinspeakerFed Rate Hikes Could Cause More US Bank Failures, Says Shark Tank’s Kevin O’Leary O'Leary says the Fed could still increase rates to 6.25% or 6.5%, resulting in bank failures in regional institutions. Fed Rate Hikes Could Cause More US Bank Failures, Says Shark Tank’s Kevin O’Leary