Profit
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Bitcoin Nosedives Below $41K, Erasing Nearly A Week’s Gain As Holders Take Profit
KEY POINTS Bitcoin plummeted by as much as 7.5% to $40,521 on Sunday night The price plummet recorded the largest single-day nosedive of Bitcoin in a month Bitcoin was still…
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MicroStrategy Accumulates Over $2 Billion Profit From Bitcoin Holdings Amid Crypto Surge
MicroStrategy, the American software and business intelligence company considered the largest corporate holder of Bitcoin, currently sits on over $2 billion in profit as BTC continues its surge. The substantial…
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Ikea Net Profit Surges In 2023 As Sales Rise
Profits rebounded at Ikea from the previous year which was affected by the cost of pulling out from Russia AFP Swedish furniture giant Ikea saw a five-fold increase in net…
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Bitcoin Hits New Milestone As Nearly 84% Of BTC’s Circulating Supply Is In Profit
KEY POINTS The latest BTC surge saw more than 16.366 million BTC or 83.6% of its circulating supply in profit It is its highest level since November 2021: Glassnode BTC…
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MicroStrategy Sees Compound Gain; Bitcoin Holdings Remains In Profit, Stocks Nearly Skyrocket To 2-Year High
KEY POINTS MicroStrategy increased its Bitcoin holdings to 158,400 BTC MSTR closed above the $500 threshold last Friday Bitcoin was trading down at $37,743.69 on Saturday evening American software company…
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Oil, Gas Giants Could Pay Climate Damage And Still Profit: Research
Major oil and gas companies such as Aramco, ExxonMobil and Shell could have paid for their share of the damage caused by climate change and still earned trillions of dollars…
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MicroStrategy Sits On Billion-Dollar Unrealized Bitcoin Profit As Saylor Predicts 10x Surge In BTC Demand
American software company MicroStrategy is currently sitting on more than $1.1 billion in unrealized gains from its Bitcoin holdings, thanks to the recent surge in BTC price. The company’s co-founder,…
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Disney Profit, Streaming Subscribers Beat Analysts’ Expectations
Disney reported earnings for fiscal fourth quarter AFP The Walt Disney Company’s shares gained more than 2% in extended trading in New York after the company announced results that beat…
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Nintendo Lifts Annual Profit Forecasts On Strong Game Sales
Japanese gaming giant Nintendo raised its annual forecasts on Tuesday after strong first-half sales of its new “Zelda” and “Mario” franchise games for the ageing Switch console. Helped by a…
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Ryanair Rewards Shareholders After Profit Soars
Irish no-frills airline Ryanair on Monday announced the start of regular dividends to shareholders after net profit surged 72 percent in its first half on higher fares and record traffic.…
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Jack Dorsey’s Block Reports $44 Million Bitcoin Profit Alongside Job Cut Plans
Block, the Bitcoin-centered financial technology company co-founded by former Twitter CEO Jack Dorsey, reported a staggering $44 million profit from its Bitcoin holdings amidst announcements of possible job cuts in…
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Hyatt, Marriott Increase Profit With Booming Travel Demand
Marriott third-quarter profit rose 19% year-over-year AFP / NICHOLAS KAMM Hyatt Hotels and Marriott International, two of the largest hotel chains in the world, ended the third quarter with higher…
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Airbnb Post Best-Ever Profit For Third Quarter, Sees `Volatility’
Airbnb’s forecast of sales for the fourth quarter was below analysts’ estimates Dado Ruvic/Reuters Airbnb said it had the most profitable third quarter as the website benefited from a global…
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Bitcoin Price Surge Makes History As Rally Sees 40M Holders In Profit
KEY POINTS The number of Bitcoin wallet addresses in profit as of Monday was 39.1 million The previous peak in number of profit-taking wallet addresses was recorded in November 2021…
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AB InBev Profit Higher Despite Bud Light Sales Plunge
AB InBev, the world’s top brewer, said Tuesday sales and net profits edged higher in the third quarter despite a drop in sales volume, in particular in the United States…
