Tag Archives: Market News

Microsoft has hinted that its upcoming game streaming service xCloud, will be officially launched next year. The company has also announced a few new games that will be launched along with xCloud and will also be available on the current Game Pass feature available.At the company’s XO19 Xbox event currently ongoing in London, Microsoft made the revelation about xCloud, adding further details including that all xCloud subscribers will have access to the over 100 games available currently on...

This week, gold has been enjoying a continuous rally, reaching its record highs. On Thursday, it achieved $1,475.50 per troy ounce. Today, the gold price has dropped sharply, with markets suffering losses globally.The volatility of the precious metal’s price results from several factors.Firstly, in October, Serbian President Aleksandar Vucic recommended Serbia’s central bank to increase its gold reserves in order to protect against economic issues and financial uncertainty. Following the...

In what has been a series of woes for a British icon, Aston Martin, which has been one of Britain’s most successful automakers in its heyday, has been unable to get its act together after its October 2018 Initial Public Offering (IPO). Best known for being the favorite of Ian Flemming’s James Bond when it comes to cars, the holding company Aston Martin Lagonda Global Holdings Plc hasn’t fared that well since last year.With its current premier brands (Vantage, DBS, and DB11 Volante)...

Alibaba Group Holding Ltd., has announced pricing for its soon-to-come share listing in Hong Kong. Estimated to have a target to raise $13.8 billion, the company will be selling 12.5 million shares exclusively to retail investors and has pegged it at HK$188 per share. Roughly $24, the sale will easily take its place as Hong Kong’s most expensive initial sale in history.The company plans to sell a total of 500 million ordinary shares in the Hong Kong listing, finally placing its focus on the...

On Wednesday, November 13, Apple lifted the cover off its new precious MacBook offering – the 16-inch MacBook Pro. The new MacBook Pro model comes with some heavily loaded hardware features seen for the first time on a laptop.Besides introducing high-end machine hardware, one of the major changes to the latest MacBook Pro is its keyboard. Apple has finally decided to get rid of the controversial butterfly mechanism keyboard is used in the previous Macs.Instead, the 16-inch MacBook Pro...

In a surprise turn of events, footwear maker Nike has decided to terminate its relationship with technology giant Amazon and it will no longer sell its goods on the retail website of Amazon.In a statement Nike said:“As part of Nike’s focus on elevating consumer experiences through more direct, personal relationships, we have made the decision to complete our current pilot with Amazon Retail.”“We will continue to invest in strong, distinctive partnerships for Nike with other retailers and...

Overall, the cryptocurrency market is pressured and this includes Ethereum as majority lost steam for the upside zone. The bullish momentum eased out as buyers look to supply zones to make another entry. The total market capitalization of crypto as of Monday had lost a total value of $ 6.8 billion. Most of the important coins currently remain at supply levels over the last 24 hours, while ETHUSD ended Wednesday at 187.49, gaining $ 0.40 (0.21%).As at the time of composing, Ethereum (ETH) is...

Motorola has announced its next smartphone, a rehash of the much older Razr flip phone series which was initially released back in 2003. The new Razr which is scheduled for release next year will be foldable but unlike its ancestors, will have no buttons.For some, it would seem like phone makers are becoming quite reminiscent of the old days when mobile phones came in more shapes and sizes, with some of them designed as foldable flip phones. In late September, Samsung released its Galaxy...

It has been evident in the last few years that companies within the blockchain, cryptocurrency and fintech space are receiving a lot more institutional backing after years of being rather niche sectors of the business world. This is evidenced by the fact that many more prominent firms are taking on blockchain technology such as MasterCard, Air Canada, Barclays and so on. It is also evidenced by the fact that many private firms such as Facebook and JP Morgan are embracing cryptocurrency and...

It seems that the San Francisco-based on-demand prepared food delivery service DoorDash Inc.’s $2 billion “war chest” is getting bigger and bigger every day. Started back in 2013, this food delivery startup is obviously getting an injection of $100 million, according to the sources familiar with the situation.The startup has a pretty strong back-up including the likes of SoftBank Group Corp. and Sequoia Capital and this funding comes on top of a $600 million investment round that announced...