Easily one of the world’s richest people, Bill Gates says charity is the best way to spend his money. According to the entrepreneur and philanthropist, there really is no better way to spend the amount of money a billionaire makes.In a recent CNBC report, Bill Gates says that figuring out the best way to spend a ton of wealth can be pretty challenging. The report suggests that this could be a lot more challenging than the benefit of being able to buy anything you want with the...
Read More »As Alphabet Enters $1 Trillion Club, Let’s Have a Look at Top 10 Companies by Market Cap
Last week on Friday, January 17, Google‘s parent company Alphabet hit the trillion-dollar milestone. Alphabet became the fourth public listed tech company to achieve this feat.Despite staying in controversy with the regulators over the issues of privacy concerns, Alphabet had a good show in 2019 in the stock market. The Alphabet stock surged nearly 50% in a single year thereby pushing the company’s growth.Apple Inc. was the first company to achieve the trillion-dollar milestone in 2018,...
Read More »Bernard Arnault Is on Top as Jeff Bezos Loses Throne of the Richest Man
Less than 4 months ago, the readers of Forbes magazine were able to see Bernard Arnault having 102 billion. Back then, the man told that he’s small compared to Microsoft. However, today Bernard has 7 billion dollars more than Bill Gates himself. Bill is the third biggest money owner on the planet. And the second one is Jeff Bezos. Yes, he has again lost his status of the richest person of the planet, this time not to Gates but to Arnault.And one only can wonder what those rich people do with...
Read More »Google Parent Alphabet Enters $1 Trillion Club Joining Apple, Amazon and Microsoft
Google‘s parent company Alphabet has hit a new milestone with its market hitting one trillion dollars. Google’s is the fourth global company to attain this feat just after Sundar Pichai became the CEO of Alphabet in December 2019.On Thursday, January 16 closing, the Alphabet stock was trading at $1450 with its market cap striking $1 trillion. In the last year, Alphabet’s stock has surged nearly 50% giving handsome returns to the investors. Thus, Alphabet stock was a shining start in 2019’s...
Read More »Glassdoor Publishes List of Best Jobs in Tech Industry for 2020
The world’s largest job and recruiting website Glassdoor has published its annual list of the 50 best jobs in America for 2020. The top seven spots on Glassdoor’s list of best jobs are taken by tech jobs that appeared there 20 times.The list begins with a front-end engineer outranking data scientist that was holding the top spot since 2016. Making the list of best jobs, Glassdoor considers the following factors: a very strong salary of over $100,000, over 13,000 open positions around the...
Read More »Saudi Aramco Raises Its IPO to Record $29.4B by Selling 450M Additional Shares
Saudi Aramco is a Saudi Arabian national petroleum and natural gas company. In December 2019, the company in its IPO initially raised $25.6 billion which already then was a record-setting number. They sold 3 billion shares worth $8.53 (or 32 riyals) a share. Already at the beginning of the IPO, the company stated that they might sell additional shares through the greenshoe option. It’s also called over-allotment of shares, which means that companies are allowed to issue more shares in the...
Read More »Is FAANG to Become FAAMGT in 2020s?
Recently, the new fintech terms came to town. We are already used to certain terms such as FAANG, FANG and even FAAMNG. When it comes to stocks, and especially technology-related ones, the times are certainly “a-changing”.2020 began already as a pretty turbulent one. With great geopolitical tensions, an unsure trade deal between the U.S. and China, Donald Trump’s impeachment (moreover, Meghan and Harry are leaving the Crown) – it seems that there is going to be a pretty tough year for big...
Read More »Everest Group Explores 12 Platforms in Its Enterprise Blockchain Readiness Report
Management consulting and research firm Everest Group has released a new market report focusing on the future of blockchain. The report, entitled “BigTech Battle: Assessing Managed Blockchain Platform Readiness for Enterprise Use,” addresses a number of major players developing blockchain projects, including Hewlett Packard, IBM, and Microsoft.The report cites Jelurida’s Ardor blockchain-as-a-service platform, alongside Multichain’s Enterprise, as two technologies with favorable ease of...
Read More »Could 2020 be the Year of FAAMNG Stocks?
2020 could quite easily be a great year for FAAMNG stocks if things continue the way they currently are. FAAMNG comprises Facebook (FB), Apple (AAPL), Amazon (AMZN), Microsoft (MSFT), Netflix (NFLX), and Google’s parent company Alphabet (GOOG and GOOGL). These are the biggest tech and internet stocks in the world.FAAMNG Stocks in 2020A publication from The Arora Report shows the current money flow into these companies via their stocks. Dividing each stock into several data points, the table...
Read More »Stock Market Crashes in the U.S., Analysts Predict Dow Jones Crisis
Many market participants were talking about the grand crash possible in the Q1 2020. And now it looks like the disaster is slowly entering the room.The stock market is crashing on Monday, opening with a 136 points drop. Apple and Microsoft were saving the situation at the end of the year, but the overall picture now is not so good. The trading issues between the U.S. and China, as well as the recent actions of President Donald Trump against Iran, seem to add uncertainty to both local and...
Read More »