Tag Archives: Business News

The Dow Jones started jumping on Friday after the United States President Donald Trump signed off on the phase one trade deal with China presented to him by trade negotiators during a Thursday meeting at the White House.The agreement includes the delay of extra tariffs that would have been imposed on December 15 and reducing tariffs on $360 billion worth of Chinese imports by half. However, even though it is said that one of the main terms is for China to pledge to purchase large amounts of...

Stocks for popular American auto manufacturer, General Electric (GE) has jumped in response to a bullish rating. In a note to investors, UBS financial services company analyst Markus Mittermaier promoted GE stock from a Hold to Buy rating, also increasing his target estimate by about 26% from $11.50 to $14. In response, on Wednesday, GE stock climbed by about 1% as Mittermaier said in the note that he believes “the stock is at a positive inflection point into 2020.”So far in 2019, GE has...

Nowadays we hear a lot about startups trying to capitalize on the fintech opportunity. One did such a thing now in Mexico by closing on a new sum of funding. What began as a $7.4 million Series A last January now has now grown to $26.4 million in a recent extension of Mexican challenger bank Albo.Led by the U.S.-based Valar Ventures this event can be marked as one of the largest early rounds for a Mexican startup. It seems Albo got its investment from Paypal co-founder Peter Thiel, in the...

Shares of now pretty infamous exercise equipment company Peloton have been sinking lower this month, after in November just before the holidays they’ve witnessed a 48% bounce. This high-end fitness specialist had a great IPO and broke through it in October. However, this success hasn’t continued in December and most of its failure can be thanked – to a commercial. I guess we’ve all seen it, the commercial where already slender “wife” gets a Christmas present form her husband and she then...

Saudi oil giant Aramco has achieved the target valuation goal of $2 trillion in the second day of trading. Sources indicate that shares reached Crown Prince Mohammed Bin Salman’s target briefly humped by 10% to 38.7 riyals but it returned to previous levels of 37 riyals as the market opened. Pundits had long since been skeptical about the feasibility of the Saudi Aramco IPO before now. Sources further indicate that about 1.5% of the total value of the state-owned oil giant was listed earlier...

Google’s parent company Alphabet, has announced that it has added Nobel laureate Frances Arnold to its board of directors. Arnold who received 2018’s Nobel Prize in Chemistry, is now the third woman on the tech giant’s board.In a tweet posted yesterday by Alphabet CEO Sundar Pichai, Arnold will be bringing her “incredible academic and industry expertise with a career spanning chemistry, engineering, renewable energy and more,” to the company.I’m thrilled to welcome @francesarnold to the...

Now we know that Morgan Stanley is one of the financial behemoths that we don’t want to mess with when they give an opinion. So many pundits in the aviation sector paid close attention when Morgan Stanley gave indications that Virgin Galactic’s stocks will soar after it gave the stock of the aviation upstart higher ratings than many pundits thought necessary. The investment behemoth’s analyst Adam Jonas explained this position:“A viable space tourism business is what you pay for today… but a...

Steemit was launched in July 2016 and can become a good additional network for Tron‘s business model.According to the Mars Finance Weibo channel, Justin Sun said that his company had received two new companies during a series of acquisitions. Later, the secret source in TRON told Mars Finance that the plans to unite with Steemit are true. More than that, a Chinese news website Huoxing24 reported the same information, however, the article is gone from their website at the time of...

After much foot-dragging, software giant Microsoft has finally decided to shut down its Wunderlist App come 2020. Sources indicate that Microsoft prefers its To Do as it offers a better end-user experience and be able to compete favorably with other personal organization apps that are currently in vogue and trending in app stores.Wunderlist app users will no longer be able to sync their to-do lists starting from May 6, 2020, but rather will be able to import their data into Microsoft’s To Do...

Chinese crypto mining giant Bitmain has announced a few changes to its current sales methods that are geared at improving profits for the company but also making things a lot easier for its many customers. Bitmain recently lost some part of its market share as well and has decided to make these moves as a way to rectify its market recession.The announcement was made by Jihan Wu who is now Bitmain’s only chairman and CEO after the unceremonious exit of Micree Zhan recently. Speaking at an...