Wednesday , October 20 2021
Home / Tag Archives: Business News

Tag Archives: Business News

Shopify Stock Hits ATH as Company Reports Better than Expected Sale Results

Shopify reported a much better than expected full-year results. Shopify (SHOP) stock has jumped more than 10% and reached its ATH.Canadian based e-commerce company, Shopify Inc. has reported a better than expected full-year revenue and sale results. According to the company, the expected quarterly earnings from the holiday sales increased reciprocating to higher profits.Shopify’s Revenue ReportShopify (SHOP) stock leaped higher as a result of the news, breaking the initial resistance zone at...

Read More »

Facebook Stock Dips Down ahead of Official Visit of Mark Zuckerberg to Europe

Facebook CEO Mark Zuckerberg Facebook is going to come to Europe with an official visit this month. At the same time, FB stock is experiencing not the best period.Facebook (FB) stock continued to trade lower on Tuesday closing at $207.15 from the previous monthly high of $224. At the time of writing, the price was around $210. This comes as Chief Executive Mark Zuckerberg is preparing for visiting Europe to meet with EU officials in the course of the month.Facebook Stock Price Movements:...

Read More »

Heineken Stock Is Up as Company Expects 2020 Profit to Rise by Mid Single-Digit Percentage

Heineken Holdings has reported a 14% increase in its 2019 net profit and expects the profit to rise in 2020. After such an announcement Heineken (HEIA) stock jumped by over 6%.Heineken, one of the world’s largest brewing company, has reported a 14% increase in the total profit made in 2019. According to CEO Jean Van Boxmeer, the company is expecting a better return in this year’s profits, where the organic adjusted profit growth is forecasted in the mid-single-digit. Heineken Profit...

Read More »

FTC Starts Investigation of Acquisitions by Google, Apple, Facebook, Amazon, Microsoft

As it tries to sanitize the playing field, the FTC has announced an investigation into some of the biggest tech companies: Amazon, Apple, Facebook, Google and Microsoft.The Federal Trade Commission, FTC, has announced its decision to begin an investigation targeted at some tech giants. The Commission said that the investigation is to shine its spotlight on these companies’ acquisitions carried out in the past, that may not have been thoroughly scrutinized by the regulator. The tech giants...

Read More »

Donald Trump Tries to Take His Merit for MAGA Stock Rise

President Trump called four big tech companies with trillion-dollar market caps, Microsoft, Apple, Google and Amazon, the MAGA club. MAGA is also a short form of ‘Make America Great Again’, a favorite slogan of Trump and his supporters.United States President Donald Trump called out four tech giants for becoming a trillion-dollar companies – thanks to his merits. And not just that. We all remember his slogan ‘Make America Great Again’ (MAGA), right? Well, he went that far to call Microsoft,...

Read More »

JPMorgan Is in Talks to Merge Its Blockchain Unit Quorum with ConsenSys

It is expected that within the next 6 months, JPMorgan will officially announce the merge of its blockchain system Quorum with that of ConsenSys. The companies are in talks now.JPMorgan Chase & Co, one of the largest banks in the United States by assets, is considering merging its blockchain unit Quorum with Brooklyn based startup ConsenSys. This is according to a post on Reuters posted on February 11 analyzing the deal and its possible outcome.According to the post, the deal is likely to...

Read More »

Tesla Tests Its Solarglass in the U.S. as It Prepares to Expand to Europe and China

Tesla has been ramping up installations of its solar tiles roofs (Solarglass) in the United States as it is planning to venture new markets in Europe and also in China.Tesla has been installing its new solar tile roofs alias Solarglass in the San Francisco Bay area to its customers since it launched the program in October last year. According to the Company’s CEO Elon Musk through a series of tweets, the company is looking for new markets in Europe and also in China.Europe & China timing...

Read More »

Big Chinese Companies Asking for Loans to Fight Coronavirus

More than 300 Chinese firms including Meituan Dianping, China’s largest food delivery company, and smartphone maker Xiaomi Corp are seeking for bank loans totaling at least 57.4 billion yuan ($8.2 billion) to soften the impact of the coronavirus.Approximately 300 Chinese companies are in search of bank loans amid rising concerns on the coronavirus spread.The total of loans banks are asking for is around 57.4 billion yuan ($8.2 billion).The sources told Reuters that the government has totally...

Read More »

Tesla Stock Surges 9% on Reports of Resuming Shanghai Factory Production

Tesla(TSLA) stock has been witnessing wild trading over the last days as the company announces its decision to resume the production at its Shanghai gigafactory after the delay due to the coronavirus outbreak.Tesla (TSLA) stock has been on the radar of the investors after its massive price surge this year. So far, since the beginning of 2020, the Tesla stock has surged over 90% taking the company valuations close to $150 billion.After an unprecedented surge to $965 levels last week, the stock...

Read More »

Bitcoin, Gold and Dollars Look Safe for Investors as Coronavirus Deaths in China Top 1,000

The coronavirus death toll is spreading fears to investors who are trying to turn to gold, the U.S. dollar and also Bitcoin as a safe haven.Investors are seeking safety in gold, the dollars and also Bitcoin as the coronavirus outbreak death toll in mainland China alone hit 1000. The virus has spread in a dozen other countries across the globe, raising a red alert to investors who are wary of the likelihood of an economic recession.As a result of the coronavirus outbreak, big investment...

Read More »