Shares of SoFi plunged more than 15% Wednesday after the company declined to raise its full-year outlook — a move CEO Anthony Noto said reflects macro reality, not weakening fundamentals. “We did not raise the full-year guidance because when we originally gave the full-year guidance, we were anticipating at least two Federal Reserve rate cuts,”…
The shares of Twenty One Capital (XXI), the bitcoin-focused firm, are up over 8% in after-hours trading on Wednesday, after majority shareholder Tether Investments proposed a merger with Strike and Elektron Energy. Tether Investment, the independent investment arm of the stablecoin issuer, said it intends to vote its shares in favor of combining XXI with…
PM Narendra Modi inaugurates Ganga Expressway PM Narendra Modi on Wednesday lauded the naming of the Ganga Expressway after the Ganga river and announced that the 594-km greenfield corridor connecting Prayagraj and Meerut would be extended to Haridwar in Uttarakhand.Addressing a gathering after inaugurating the eway, Modi said govt would also work on a link…
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Check out the companies making headlines after the bell : Alphabet — Shares added almost 7% after the tech titan posted first-quarter revenue of $109.9 billion, beating the $107.2 billion analysts polled by LSEG had expected. Google cloud revenue surged 63% from a year earlier to $20.02 billion last quarter, while analysts had penciled in…
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Anti-ship missile helicopter launch New Delhi: In a boost to Indian Navy’s anti-ship warfare capabilities, Defence Research & Development Organisation (DRDO) and Navy on Wednesday successfully launched naval anti-ship missile-short range (NASM-SR) from a helicopter platform in Bay of Bengal off Odisha coast. During the trial, two missiles were launched in quick succession from the…
