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.

    Related articles



    Please enter your comment!
    Please enter your name here

    Share article

    Latest articles

    Atlantis Exchange Received 30,000,000 Advanced Bitcoin as Liquidity

    SEATTLE, WA, May 20, 2022 /24-7PressRelease/ — Atlantis Exchange is pleased to announce that a deposit of 30,000,000 Advanced Bitcoin (“aBTC”), a green cryptocurrency...

    These indicators show how the equities sell-off is influencing crypto prices to fall down

    Cryptocurrencies experienced on May 10 a large market crash, losing over 10% in a single day of most of the coins. This is the...

    Xendit Raises $300M to Grow Payments Platform

    Southeast Asia payments platform Xendit closed a $300 million Series D funding round that brings its total investment capital since 2015 to $538 million,...

    Top Cryptocurrency Prices Today, May 20: After crypto crash, Bitcoin, ETH, Solana, ADA, Polkadot, Matic rise upto 6%

    Top Cryptocurrencies of the World Prices Today in India (May 20, 2022): The global crypto market cap recovered 2.87% in the last 24 hours...

    Ethereum to Merge in August as Final Testing Begins

    The Merge is a milestone upgrade that transitions the Ethereum network consensus mechanism from proof-of-work mining to proof-of-stake (PoS). It is a significant step...


    Subscribe to stay updated.