Tag Archives: Market News

Snap Inc., the parent company of multimedia messaging app Snapchat has delivered a strong performance in Q3 2019 and beats analysts’ expectations. The company has seen a major uptick in its user-base and revenue while limiting its losses even below the expected value.The net loss has decreased to $227 million from $255 million in Q2 2019 while it has decreased nearly $100 million QoQ. Last quarter, Snapchat added 7 million daily active users taking the total tally to 210 million. There is a...

Photo: ShutterstockPer a recent announcement, blockchain and cryptography data and research company Brave New Coin (BNC) has said that its cryptocurrency indices will now be applied by crypto trading service INX, as it prepares to launch its first fully approved security token sale. INX is focused on making sure that its offerings and practices are strict and as transparent as possible, a decision that has pointed the digital asset trading service in the BNC direction.According to BNC, INX...

Mark Zuckerberg will appear before Congress on Wednesday to defend Facebook’s controversial ‘cryptocurrency’ project, Libra. In his prepared remarks, the Facebook CEO will tell lawmakers that America risks losing “financial leadership” to China if they don’t get behind his company’s plan. Referring to China’s proposed digital currency, which is expected to launch before the end of the year, Zuckerberg will argue: “While we debate these issues, the rest of the world isn’t waiting....

Americans have stood the test of time by making the so-called “American Dreams” a reality. Not just ones, twice or thrice, but for several decades by producing the highest number of wealthy people globally.But according to the recent annual wealth survey conducted by Credit Suisse, America is in for a rude shock after China has overhauled them as the new residence of the growing population of wealthy people around the globe.There’re 99 million Americans among the 10% wealthiest individuals in...

Even though the long-awaited Apple‘s 16-inch MacBook Pro hasn’t yet been announced, DigiTimes reports that it could be out before the end of October citing the unnamed supply chain sources.The same sources claim that Taiwan’s Quanta Computer already started producing the 16-inch MacBook Pro in shipping quantities, and are ready for stocking the stores.For now, what we know is that the computer could have a scissor keyboard that means the old, butterfly keyboard is the thing of the past now....

New analysis from Goldman Sachs says America’s largest companies could spend more than $2.7 trillion of cash next year.The report predicts that cash spending will rise by around 2% in the next year amid a rise in growth investments.The bank however claims that there will be a 6% decline in spending by S&P 500 companies this year. This shrinking comes because of the 20% slump in cash acquisition spending and a 15% decrease in stock buybacks.Still, Goldman experts believe companies in the...

Veteran United States investor, writer, and Entrepreneur Rob Arnott has come out in favor of the American major technology stocks again as being in a bubble even as he lashes out at Bitcoin. He made his thoughts known to the Financial Times in an exclusive while defending the position of including Microsoft in the popular acronym FANMAG which he says is the new direction of technology stocks rather than FAANG.FAANG which is a play on technology companies Facebook, Apple, Amazon, Netflix and...

This year, Pacific Gas & Electric (PG&E), an American company that provides natural gas and electric service to approximately 16 million people throughout a 70,000-square mile service area in northern and central California, declared their bankruptcy and admitted their blame on a number of forest fires and problems with power.Recently, during the California Public Utilities Commission meeting, the company’s CEO Bill Johnson stated that California can expect blackouts for the next...

In November last year, Blizzard Entertainment announced the Diablo Immortal, the fourth installment in the Diablo game series. The release was however met with heavy disappointment from thousands of game fans who agreed that the game generally failed to meet expectations.Since then, fans of the game series had been waiting and effectively whetting their own appetites, in anticipation for Diablo 4. It was expected that the BlizzCon 2019, Blizzard’s annual gaming convention which is just a few...

It’s already widely known that the multinational tech company Apple Inc. (AAPL) has again joined the trillion-dollar society hitting the trillion-dollar market cap mark for the fourth time.At the time of writing, Apple stock was trading premarket 1.73% higher to $240.51, the highest in history. Apple’s market cap started the week at $1.09 trillion.There are some analysts who think shares might jump even more – to be precise 20 percent more during this year because of the strong iPhone 11...