Finance

In extended trading, Apple saw its shares inch higher after beating analysts’ estimates on both the top and bottom lines. With fiscal third-quarter earnings of $1.40 per share, surpassing the expected $1.35, and revenue totaling $85.78 billion, Apple proved to be a winner in this round of trading. On the other end of the spectrum,
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The recent decision by Federal Reserve officials to keep short-term interest rates steady has sparked conversations about the possibility of future interest rate cuts. While maintaining language in the post-meeting statement that indicates ongoing concerns about economic conditions, the Federal Open Market Committee hinted at progress being made towards achieving its employment and inflation goals.
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The recent approval of the new law in Russia allowing the use of cryptocurrency for international payments marks a significant shift in the country’s financial landscape. The State Duma’s decision to greenlight legislation enabling businesses to utilize cryptocurrencies in cross-border trade is a clear indication of Russia’s willingness to adapt to changing global financial trends.
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Britain’s Labour government is gearing up to introduce updated plans to regulate the “buy now, pay later” industry. This comes in the wake of concerns about consumer debt and the need to protect individuals from financial instability. The Treasury department is working on finalizing the regulations, emphasizing the importance of providing certainty for the sector
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Despite beating both top and bottom lines in the second quarter, Alphabet saw a 1% slip in its stock price during after-hours trading. The company earned $1.89 per share on $84.74 billion in revenue, surpassing consensus estimates. However, revenue in its YouTube advertising segment fell short of expectations. Tesla Shares of Tesla declined by 4.7%
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