What’s Going On Here? Not even the slipperiest of bananas could trip up Nintendo’s quarterly results: the Japanese game maker upped its full-year profit outlook on Tuesday. What Does This Mean? The currency gods are smiling upon Nintendo right now: the yen’s … Continue reading Nintendo’s Dodging Obstacles
It’s been a wild week in crypto. Binance, the world’s biggest crypto exchange, announced Tuesday it plans to buy FTX, a top-five crypto exchange and one of its leading rivals. The next day, it walked away. Now, a bankruptcy filing … Continue reading What just happened with Binance and FTX?
What’s Going On Here? Meta announced the biggest staff cut in the company’s history on Wednesday. What Does This Mean? Meta’s dismal report from last month revealed its second-straight quarterly drop in revenue and piling losses from its risky metaverse bet. Investors dropped Meta … Continue reading Out of the Metaverse
All success stories begin with an idea you truly believe in and the courage to go your own way when venture capitalists give you the cold shoulder. By clearly differentiating yourself from others, putting the customer at the heart of … Continue reading Study notes from reading ‘Behind the Cloud’ by Marc Benioff
Industry figures are divided on whether the systems can truly remove human bias and how much supervision they need The growing appreciation that human stockpickers struggle to outperform their benchmark indices has helped fuel a massive surge in assets held … Continue reading AI adoption in the ETF industry begins to grow
Fresh data has shown that hedge funds’ new favorite stock is – drumroll please – our old friend Facebook: 27% of them own shares in the social media giant, and 57% have it as a top ten holding. And as luck would … Continue reading Should you follow Hedge Funds in betting on Facebook?
After Amazon published a job post for a “digital currency and blockchain product lead” last week, speculation broke out that the ecommerce giant is looking at getting involved in the crypto space sooner rather than later. So here’s what “getting involved” might look … Continue reading AmazonPrimeCoin?
Robinhood is one of Silicon Valley’s most valuable and fastest-growing startups. And the fintech firm that pioneered commission-free stock trading is soon selling shares of its own in an initial public offering (IPO) that could value the company as high as $40 billion. But the big question is: will it make a good investment? Why should you invest? Impressive growth Founded less than a decade ago, Robinhood today boasts almost 18 million active monthly users – double its user count just a year ago. Explosive trading volumes amid the “meme stock frenzy” at the start of 2021 pushed its first-quarter revenue 300% higher than in 2020, and … Continue reading Should You Invest In Robinhood’s IPO?
U.S. equities retreated at the tail end of a big earnings week as investors worried about slowing growth at the megacap technology companies that have helped drive the market to record highs during the pandemic. Amazon.com Inc. dropped 7.6% in its biggest decline since May 2020, contributing the most to declines in the Nasdaq 100 and S&P 500 indexes, after the company’s sales outlook missed expectations. Tech stocks including Microsoft Corp. also weighed down the Dow Jones Industrial Average. European equities dropped from a record and Asian stocks slid amid China’s regulatory clampdown. Amazon announced weaker-than-expected quarterly earnings late on Thursday, and the … Continue reading Stocks Retreat as Amazon Stokes Big-Tech Concern
Korean tech giant Samsung Electronics said on Wednesday that it expects its second-quarter profit to be its sunniest in three years, buoyed by the global semiconductor shortage. Samsung’s the world’s biggest producer of memory chips, so it stands to reason … Continue reading Global Semiconductor shortage: Sunniest days for tech giants are coming?
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