Tag Archives: Market News

Google‘s parent company Alphabet released its Q4 2019 earnings report on Monday. February 3. With 2019’s total revenue standing at $162 billion, Alphabet also registered an 18% YoY growth.Surprisingly, Alphabet also unveiled the earnings of its popular video content distribution platform YouTube for the very first time. Youtube saw its quarterly Q4 earnings standing at $5 billion and its annual earnings standing at $15 billion. Youtube’s earnings saw a 36% jump in 2019 compared to its $11.2...

Visa’s quarterly earnings came through last week. The first-quarter results were exciting for many investors. But they have been in line with expectations. Revenues hit about $6.05 billion. Earnings per share were about $1.46 as well. This has led to many wondering if centralized payments are still the way to go. It is also a 10% increase from 2018. It has also reinforced the common belief that the payments industry is still going strong. This also is in line with post-earnings forecasts...

Sony managed to beat all analyst predictions by 5% for their annual profit outlook. The Japanese company went up to 880 billion yen in profit while 22 analysts from Refinitiv predicted 878 billion yen. Also, when looking at the October to December quarter, Sony profit mainly dropped, but it didn’t drop as much as the analysts predicted. The profit dropped 20% to 300.1 billion yen, while the analysts forecasted 271 billion yen.Sony controls almost half of the world’s smartphone image sensor...

Short-sellers are burning their hands on Tesla as the electric car maker released its strong Q4 2019 numbers last week. In less than a week, the Tesla stock has added over $200 to its price making it the first American automobile company to hit $100-billion valuations.On Monday, February 3rd, the Tesla stock surged 20% to $780 levels taking the company’s valuations at $140 billion. Indeed, with this move, Tesla has taken Wall Street and global investors by surprise. Monday’s stock price gain...

Elon Musk‘s net worth is growing faster than you think. This is Tesla’s biggest result compared to previous years since the outstanding records from 2013. Jeff Bezos is the richest man in the world, but Elon Musk is going to the top wealthy group with amazing 2020 net worth kick-off. During the last week itself, the shares got +86%, making Tesla one of the companies untouched by the overall crisis and Chinese coronavirus awareness.The Panasonic corporation supplying batteries to the Tesla car...

Currently, the leading electric car manufacturer Tesla is recruiting new talents. It may seem that getting a job at Tesla is unrealistic as only professionals with incredible skills are working there. However, we are going to change your mind.On Sunday, Elon Musk tweeted that Tesla’s artificial intelligence department can recruit you even if you don’t have a college degree.“At Tesla, using AI to solve self-driving isn’t just icing on the cake, it the cake” – @lexfridmanJoin AI at Tesla! It...

Google‘s parent company Alphabet Inc. announced on Monday that its revenue was $46.07 billion in the fourth quarter of 2019. That represents a rise of 17% on an annual basis. The company reported diluted earnings per share (EPS) at $15.35 in the same quarter that represents a growth of 20% year-over-year.Net income increased by 19.2% to $10.67 billion in the closing quarter of fiscal 2019. Operating income stood at $9.27 billion over the same period, rising 12.8% annually.For the whole year...

Can anyone be a billionaire? Maybe. I sat down with Dr. Morgan Shi – who is one of China’s most well-regarded experts in domestic and international investment as well as risk management – and asked about his philosophy, which investments brought him the most return, and what investment vehicles have the most upside. The following transcript has been edited for clarity.Are billionaires, or even millionaires, different in how they approach money and investment?Everyone has the opportunity to...

A new announcement has come from the American multinational computer technology corporation Oracle. The company has expanded its activity, adding new cloud computing data centers in five countries. Oracle new cloud locations are Saudi Arabia (Jeddah), Australia (Melbourne), Japan (Osaka), Canada (Montreal), and the Netherlands (Amsterdam).According to the company’s blog post, all of the countries mentioned are now available in the Oracle Cloud Console. Oracle has always strived to have at...

Elon Musk‘s Tesla Inc. is on a roll as the company’s stock price has surged nearly 100% in the last three months. Last Wednesday, January 29, Tesla released its Q4 2019 earnings taking Wall Street by a big surprise.Beating the analysts’ expectations, Tesla registered total sales of $7.38 billion against the street projections of $7.02 billion. The electric car maker posted an EPS of $2.14 against the expected $1.71. The company said that its Model 3 deliveries were up 45% YoY and it expects...