Tag Archives: Market News

Most of the cryptos grew on Monday amid terrible trading in Asia. After the extended Chinese New Year shutdown, mainland markets finally opened for trading. However, it was not going as it was expected.Bitcoin price was rising as well. However, at the time of writing, it was falling 0.43% to $9,347.Major stock markets in the Asia-Pacific region tumbled by the most since an equity bubble burst in 2015. They resumed trading Monday, in the first opportunity for many investors in China to react...

The Coronavirus has slowed sales of Apple‘s iPhones. Reports indicate that the technology giant decided to shut down its stores in China. This comes as the coronavirus has spread all over China and entered several other countries. Analysts have speculated that this decision amid the coronavirus could lead to a sales slowdown of up to 1 million iPhones. However, this accounts for only around 3% of Apple’s total annual Chinese iPhone sales. Analysts have speculated that this won’t affect the...

Brexit could “unleash the full potential” of the United Kingdom, though there will be “bumps in the road”, said the UK Prime Minister Boris Johnson in his first speech since Britain formally left the European Union. In his next speech that regards a trade deal with the bloc and other countries, Johnson will probably mention that he is ready to cut all the talks with the EU regarding the trade in case he doesn’t get it his way. He already set Australia as a successful example of a country that...

Colgate-Palmolive Company said its net sales for the fourth quarter of the fiscal year 2019 stood at $4.02 billion, marking a 5.5% increase from the same period a year earlier. In the same time, organic sales rose by 5%.Earnings per share for the period hopped 7.2% to $0.75, while net income was standing at $643 million. Colgate-Palmolive’s Gross Profit Margin was 60.1% in the fourth quarter of 2019 versus 59.1% in the fourth quarter of 2018.CEO Noel Wallace said:“Colgate’s leadership of the...

Tech and internet companies were the first that succeeded to reach $1 trillion in stock market value. However, the next U.S. companies that could join this prestigious clique are better known for something else. We are talking here about card companies as are Mastercard Inc. and Visa Inc.Take Mastercard for example. In its fourth-quarter earnings report, the company said that its GAAP earnings per share (EPS) surged incredible 138% in the fourth quarter to arrive at $2.07, while revenues...

An American technology leader IBM has shared positive news: IBM stock jumps 5%, which results from appointing a new CEO.On Thursday, IBM closed at $137.69 per share, 5% more than the day before. And it is continuing its growth, the price makes up $142.10.IBM stock jumps 5% after its announcement about the change in the board of directors. Arvind Krishna, the current IBM Senior Vice President for Cloud and Cognitive Software, will serve as CEO. Further, Jim Whitehurst, Red Hat’s former CEO,...

Michigan-based General Motors (GM) is turning heads with a new announcement. The automaker has announced that it will resurrect the popular Hummer truck, making it all-electric, and a lot more power-packed than previous offerings.The New GM HummerDescribing it as a “super truck”, GM has said that the new vehicle will be launched as a GMC. It will be called the GMC Hummer EV as it is an all-electric vehicle and will have improved torque and acceleration. The company says that the new GM Hummer...

Amazon has released impressive earnings figures for its fourth quarter. The figures show that the company beat its expectations for what its efforts for the quarter would yield. Amazon announced that its holiday sales profit crossed $3 billion. In response, Amazon stock jumped 13%, pushing its valuation into the neighborhood of $1 trillion.Amazon Holiday Sales Quarter HighlightsAmazon reported a total profit of $3.3 billion for the holiday quarter recently concluded with a total revenue of...

Tesla stock is beating Bitcoin – and when we say “beating” we mean it. Bitcoin investors are surely not happy with this fact that Tesla is outperforming Bitcoin (except if they didn’t invest in Tesla as well). If we look at the exact figures starting from January 1, the Bitcoin price rose around 30% while Tesla went 38% up.New Record – AgainTesla stock wasn’t like this all the time. Just for the reminder, in November, when the famous Cybertruck was revealed (and smashed, but hey every PR is a...

Google is starting a painful process of eliminating direct contact with key people in Wuhan, and across China. FAANG members officially closed four offices thanks to the virus. It is spreading fast, and the companies around the world understand that they have to act quickly.Numerous Companies Flee Away Because of Virus, Economic Freeze is OngoingGoogle is banned in China, but the locals are working as marketers, sales engineers and so on. They do not develop the local version of Google, they...