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Bitcoin soared after Fed rate hikeBTC showed a bullish reaction to the Fed's 0.75% rate hike announcement, as expected, ...
29/07/2022

Bitcoin soared after Fed rate hike
BTC showed a bullish reaction to the Fed's 0.75% rate hike announcement, as expected, rising the night before just after the Fed meeting from $21,600 before the announcement to a peak of $23,415 afterward, or more than 8% in a few hours

Enel reduced profit in the first half of the year by 5%, increased revenue by almost 2 timesThe Italian electric power c...
29/07/2022

Enel reduced profit in the first half of the year by 5%, increased revenue by almost 2 times
The Italian electric power concern Enel (BIT:ENEI) reduced its net profit in the first half of 2022 by 4.8%, to 1.69 billion euros, compared to 1.78 billion euros for the same period last year, according to the company's report. EBITDA increased by 5.3% to EUR 8.21 billion, while EBIT decreased by 12.3% to EUR 3.9 billion.

Samsung increased quarterly revenue by 23%, net profit - by 15%South Korean electronics manufacturer Samsung Electronics...
29/07/2022

Samsung increased quarterly revenue by 23%, net profit - by 15%
South Korean electronics manufacturer Samsung Electronics Co. in the second quarter of 2022, revenue increased by 23%, net profit - by 15%.
The company's revenue for the reporting period grew to 77.2 trillion South Korean won ($59 billion) from 63.67 trillion won for the same period last year. Compared to the previous quarter, the indicator decreased by almost 1%. Analysts associate this with a drop in demand for consumer electronics amid high inflation. Meanwhile, the company's revenue by the second quarter broke records for three quarters in a row. Samsung's net profit in the past three months rose to 11.1 trillion won from 9.63 trillion won. The company's operating profit grew by 12% to 14.1 trillion won.

Apple's quarterly profit fell by 10%Apple's net profit at the end of the second quarter of 2022 amounted to $19.4 billio...
29/07/2022

Apple's quarterly profit fell by 10%
Apple's net profit at the end of the second quarter of 2022 amounted to $19.4 billion. This is 10.58% or $2.3 billion less than in the same period of 2021 ($21.7 billion), according to the company's report (.pdf) .

Apple's revenue from the sale of devices from April to June also decreased — by $500 million, to $63.3 billion. The company's revenue from the provision of services increased by $2 billion, to $19.6 billion.

Starlink broadband satellite internet from the SpaceX company will start operating in Georgia from 2023. This was announ...
23/07/2022

Starlink broadband satellite internet from the SpaceX company will start operating in Georgia from 2023. This was announced by the Minister of Economy and Sustainable Development, Levan Davitashvili, after a meeting with the representative of SpaceX, Ben McWilliams. According to the minister, the authorities have already issued a permit for the company's activities in Georgia. Davytashvili explained that due to the complicated geography of the country, high-speed Internet is not available in all areas, but thanks to Starlink, all residents will get high-quality access. "This is an important fact for the development of the economy as a whole, including for promoting tourism. In fact, there will be no place in the country without high-quality Internet," the minister emphasized.

Twitter recorded a net loss of $270 million in the second quarter of 2022 due to the crisis in advertising and Musk. The...
23/07/2022

Twitter recorded a net loss of $270 million in the second quarter of 2022 due to the crisis in advertising and Musk. The company's revenue amounted to $1.18 billion, which is 1% less than a year earlier. Earlier, the company predicted its growth by 20%.

Analysts expected the company to make a profit of $1.3 billion during this period. Last year, the company ended the same quarter with a profit of $66 million.

Twitter explained that the decrease in financial indicators is due to difficulties in the advertising sphere, connected with the macroeconomic situation, as well as uncertainty regarding the acquisition of the company by Musk. In the press release, Twitter mentioned Musk four times and disclosed the current expenses incurred by the company as a result of working out the merger deal.

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