MicroStrategy Incorporated (NASDAQ:MSTR) shares were down 9% on Tuesday afternoon after the software firm, now rebranded as Strategy, announced a $2 billion Bitcoin purchase even as the cryptocurrency’s price has declined.
The company, a major corporate holder of Bitcoin, acquired 20,000 BTC, bringing its total holdings to approximately 499,096 BTC, valued at $43.7 billion.
Tesla Inc's sales across Europe almost halved last month, as demand appeared to wane in connection with repeated forays into the continent’s politics by CEO Elon Musk.
In January, 9,945 Teslas were sold across Europe, according to the European Automobile Manufacturers’ Association, marking a 45% slump year on year.
AMC Entertainment Holdings (NYSE:AMC) is facing tough revenue comparisons for the fourth quarter of 2024 after distributing the Taylor Swift and Beyonce concert films in Q4 2023.
Analysts at Wedbush expect AMC to report Q4 revenue of $1.274 billion, up 15% year-over-year but below the Wall Street consensus of $1.298 billion.
Tiziana Life Sciences Ltd (NASDAQ:TLSA) announced that it expects to complete its preclinical study evaluating its nasal anti-CD3 foralumab as a potential treatment for long COVID in the second quarter of 2025.
The company said the study aims to validate foralumab’s ability to mitigate persistent brain inflammation, a key driver of the neurological and psychiatric symptoms associated with long COVID.
Black Swan Graphene (TSX-V:SWAN) has appointed industry veteran Dan Roadcap as head of technical sales and business development, bringing more than 20 years of experience in polymers and advanced materials to advance the company's sales growth and market expansion.
The company, which is commercializing high-performance and low-cost graphene products, said Roadcap brings extensive expertise in production operations, plant management, research, and business development.
Home Depot Inc (NYSE:HD, ETR:HDI) shares moved higher as the home improvement retailer’s fourth quarter earnings beat estimates.
For the quarter, earnings per share (EPS) of $3.02 narrowly beat Wall Street estimates of $3.01.