Category: Business

Shiba Inu Gives Update on New Developments, Including the SHI Stablecoin

Shiba Inu Gives Update on New Developments, Including the SHI Stablecoin

A blog post from Shiba Inu gives an update on ecosystem developments per ‘Riyoshi’s Vision.’ Riyoshi is the project’s anonymous founder who claims to hold 0 $SHIB tokens, as doing so would affect his judgment and decision-making.   Riyoshi’s Vision was first set out in a Medium article posted in May 2021, approximately five months before $SHIB hit its all-time […]

Robinhood Lays Off 9% of its Staff

Robinhood Lays Off 9% of its Staff

The retail trading platform Robinhood Markets Inc., which went through a hyper-growth period boosted by the meme stock frenzy during the COVID-19 pandemic, is experiencing a pullback.   The company is laying off about 9% of its full-time employees. The news sent shares down 5% in extended trading. READ: Canadian DB Pension Plans Return -6.4% During Heightened Volatility […]

Coca-Cola Earnings Beat Wall Street Estimates as Revenue Jumps 16%

Coca-Cola Earnings Beat Wall Street Estimates as Revenue Jumps 16%

Coca-Cola on Monday reported quarterly earnings that topped analysts’ expectations as consumers drank more of its namesake soda, Powerade and Costa coffee. But CEO James Quincey told CNBC’s Sara Eisen that despite the strong quarter, there are “storm clouds” on the horizon. The company largely weathered inflationary challenges during the first quarter and maintained its outlook. Here’s what […]

Apple, Amazon, Microsoft Headline Busy Earnings Week

Apple, Amazon, Microsoft Headline Busy Earnings Week

Tech giants including Apple Inc., AAPL -2.78% Amazon. AMZN -2.66% com Inc. and Microsoft Corp. MSFT -2.41% are among the companies headlining a busy earnings week that comes as investors weigh concerns over rising interest rates, the Russian invasion of Ukraine and surging costs. Overall, about a third of the S&P 500 and nearly half of the Dow Jones Industrial Average are expected to provide their quarterly updates during the […]

Why Veru Stock Soared Today

Why Veru Stock Soared Today

Shares of Veru ( VERU 42.86% ) surged 43% on Wednesday, following positive analyst commentary. On Monday, Veru reported that a between time investigation of a stage 3 review showed that its oral antiviral-drug competitor sabizabulin cut passings in hospitalized patients with moderate to extreme COVID-19 by 55%. The biopharmaceutical organization said it would look for Emergency Use Authorization (EUA) from […]