You Searched For "Asset impairment" and got 19 results
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1 min read
Tesla took a $34 million impairment charge on its bitcoin holdings last quarter as crypto values plunged
The value of Tesla's bitcoin holdings fell from $218 million in the third quarter to $184 million b…
Jennifer Sor
2 mins read
MicroStrategy reported a $146 million impairment charge related to its bitcoin holdings in the 4th quarter
The firm on Tuesday said it bought another $25 million of bitcoin at an average price of $37,865 pe…
Isabelle Lee
2 mins read
Tesla logged a $101 million impairment loss from bitcoin in 2021 as the cryptocurrency's value fluctuated
Tesla invested $1.5 billion in bitcoin in 2021, and the fair market value of its holdings ended the…
Carla Mozée
1 min read
Tesla still has $222 million in digital assets on its balance sheet after dumping most of its bitcoin
In an SEC filing Monday, Tesla also disclosed a $170 million impairment charge on its crypto invest…
Brian Evans
3 mins read
Oil giant Shell is writing off up to $5 billion in assets after it pulled its Russian operations
Russia is the world's third largest oil producer, but the West is trying to ditch Russian supplies …
Grace Dean
4 mins read
Power Women: ‘Just Do It’ Is The New-age Entrepreneurship Mantra
Because it gives you a different perspective all the time, cheers you up and makes you strong. My i…
2 mins read
SBI Card profit gets squeezed by bad loans, impairment charge, and a big provision for COVID-19
SBI Cards and Payment Services today posted its Q4 earnings (January-March 2020), revealing a fall …
2 mins read
Sufficient liquidity at present; no asset impacted by COVID-19: L&T
"The company has issued force majeure intimations to customers in accordance with the terms of the …
PTI
2 mins read
Indian banks to face asset quality, earning pressure for at least 2 years: Report
"We expect the majority of the injection to come through in FY22, as bad loan recognition has been…
PTI
2 mins read
BP slashed the value of its assets by almost $18 billion as it adjusts to oil's pandemic era new normal
Last week, BP announced it would slash 10,000 jobs in an effort to cope with the global collapse in…
Shalini Nagarajan
2 mins read
Shell slumps to an $18 billion loss as it takes huge asset write-downs amid low oil prices and slumping demand
Shell's gloomy forecast follows its decision to cut its dividend the first time since World War II,…
Saloni Sardana
3 mins read
The American television business is now 'structurally impaired'
On a recent sleepless night, we had this epiphany: the market is now valuing U.S. ad-supported TV b…
Myles Udland
1 min read
A cyberattack on a major US financial institution would affect more than a third of bank assets, New York Fed warns
In one of the more severe scenarios, in which banks hoard liquidity in response to the attack, fore…
Gina Heeb
7 mins read
'Alexa, what ETF should I buy?' Asset managers like BlackRock and Invesco are testing out voice assistants - but it's too early to tell if customers will actually use them
Rob Carrigg, a Portsmouth, New Hampshire-based partner with the advisory firm Steward Partners, sai…
Meghan Morris
1 min read
The US office sector will worsen through next year, and the recovery will be slower than after the 2008 crisis, Fitch Ratings says
Office loan delinquency will be higher than previously forecast in 2024 and 2025, Fitch Ratings wro…
Filip De Mott
2 mins read
Real-estate lender NYCB is in turmoil, shredding nerves on Wall Street
New York Community Bankcorp said it had "identified material weaknesses in the company's internal c…
Huileng Tan
1 min read
SBI Card Q3 profit rises 8 pc to ₹549 crore
Total operating cost increased by 23 per cent at Rs 2,426 crore for the third quarter of FY24…
PTI
2 mins read
Walgreens' biggest healthcare bet is floundering as it shutters 160 primary-care clinics
Walgreens said it's exiting 160 VillageMD primary-care clinics, up from the previously planned 60.
Shelby Livingston
2 mins read
How struggling student-loan borrowers could qualify for debt cancellation under Biden's second attempt at relief
The Education Department unveiled plans for student-debt relief for borrowers facing financial hard…