Tesla sees $101M in income from Bitcoin

The S&P 500 traded largely flat final week regardless of spectacular earnings reviews from massive tech shares.

Blue-chip shares Microsoft, Alphabet, Fb, Amazon and Apple all reported first-quarter earnings and income numbers that exceeded analyst estimates. 

Tesla shares traded decrease on the week after reporting its personal earnings and income beat within the first quarter. Tesla additionally reported $101 million in income from Bitcoin buying and selling within the first quarter and stated the corporate now has $2.5 billion in Bitcoin holdings.

European antitrust regulators stated Friday that “Apple has a monopoly” within the music streaming app enterprise. Apple Music competes with different music streaming providers, but it surely additionally prices a 30% fee to any opponents that promote subscriptions by way of the Apple App Retailer.

As anticipated, the Federal Reserve opted to take care of short-term rates of interest at close to zero on Wednesday. In a digital information convention following the announcement, Fed Chair Jerome Powell warned traders that he sees “froth” in world fairness markets at present ranges.