Tag Archives: Stocks

When it comes to the world of fantasy, we all know that no one cuts it like the guys at Blizzard Entertainment that is so far for now. At their BlizzCon 2019, the much-awaited Diablo 4 is expected to be announced after the free spoiler Diablo Immortal game that was released last year at the BlizzCon 2018. The disappointment indicated by the many fans of Blizzard Entertainment after the game didn’t show up in Google’s Playstore or the iOS store has led many to believe that Blizzard...

PayPal Holdings Inc. has announced its earned figures in its quarterly report for the third quarter, showing a notable increase in the company’s volume of total payment. According to its report, the company pulled in a $4.38 billion revenue, representing a 19% increase.Furthermore, the company’s earnings per share also increased, going higher than the proposed estimate by market analysts. Experts had estimated a 52 cents per share earnings but PayPal surpassed this, hitting 61 cents which is...

Tech-giant Microsoft released its earnings report from their first quarter on Wednesday but MSFT stock hasn’t shown any bigger movements. At the time of writing, however, the stock in premarket went up by 0.64% to $137.24.The results were better-than-expected meaning earnings came to $1.38 per share, excluding certain items. Analysts expected $1.25 per share. Revenue was $33.06 billion that was slightly more than analysts’ expectations of $32.23.Revenue grew 14% in the first quarter of...

The stock of Boeing (BA) rallied 3.5% on Wednesday closing at $340.50 after the company announced its Q3 2019 earnings. However, the share price movement is not in accordance with the dismal performance shown by the company as it falls short of the Wall Street expectations by a huge margin.The Chicago-based airline manufacturer saw a 51% drop in net income. Boeing reported a net income of $1.17 billion in Q3 2019 with the per-share profit shrinking to $1.45 against $2.09 expected by the...

In what seems to be a last attempt to save shared workspace company WeWork, Softbank which is by far the superstar of Venture Capital finance firms has decided to wade into the matter once again with a compromise that might just save the company from teetering on the edge of oblivion.In an agreement that gives Softbank about 80% control of WeWork, co-founder and CEO Adam Neumann is expected to walk away with a bonus package worth about $1. 7 billion. Sources indicate that Softbank has offered...

Photo: Beyond Meat / FacebookNow we all know Jim Cramer to be one of the most outlandish characters ever on TV but his advice a lot of the time makes total sense. Take the case of Beyond meat (BYND) which is the meat-substitute startup that was founded in 2009 by Ethan Brown. With the stronger performances of competitors that are eating at its market share where retailers are concerned and lower liquidity ratios than expected the popular analyst believes that the bubble has burst for the...

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...

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...