Bitcoin Takes A Hit, Whilst Crypto Tokens Make Gains
Bitcoin and other major cryptocurrencies are taking hits to their value but crypto tokens are going in the opposite direction. According to recent data, tokens like ICON and Wanchain have experienced a 20 to 40 percent rise in value. Further
Read MoreGroupon swings to Q3 profit, raises FY17 profit view
Last week, the online daily deal service provider Groupon, Inc. (NASDAQ: GRPN) reported a swing to profit in the fiscal 2017 third-quarter. The company’s earnings also met analysts’ estimates. However, the revenue missed the Wall Street estimates. Still, on the
Read MoreMicrosoft beats Q1 2018 analysts view, Azure revenues up 90%
After posting another quarter of exceptional results, the stock of Microsoft Corporation (NASDAQ: MSFT) opened with a positive technical gap of about 4% to trade at $83 levels on October 27. For the past one week, the stock is consolidating
Read MoreBoeing’s Q3 earnings decline 19%, raises FY17 EPS view
Aircraft manufacturer Boeing Company (NYSE: BA) reported better-than- anticipated fiscal 2017 third-quarter results last week. The company also raised its fiscal 2017 GAAP and non-GAAP earnings per share outlook. However, the stock remains suppressed. Firstly, the order backlog has declined
Read MoreWealth Management bolsters Morgan Stanley’s Q3 earnings
Aided by a 9% growth in wealth management revenue, Morgan Stanley (NYSE: MS) reported fiscal 2017 third-quarter results that crushed analysts’ estimates. The stock, which closed at $50.68 on Friday, is up nearly 17% since January and 45% after the
Read MoreJPMorgan Chase beat Q3 2017 estimate, trading revenue dips 27%
Global investment banking and finance services provider JPMorgan Chase & Co. (NYSE: JPM) reported a better than anticipated fiscal 2017 third-quarter earnings and revenue on last Thursday. However, the stock continued to stay flat due to a 27% decline in
Read MoreAlibaba upgraded by analysts on strong Q1 2018 results
The stock of e-commerce giant Alibaba Group Holding Ltd (NYSE: BABA) recorded a new yearly high of $177, after the company crushed fiscal 2018 first-quarter analysts’ estimates by a huge margin. Impressive growth in cloud and digital entertainment, and continued
Read MoreING beats Q2 view, gain clients on strong mob banking s/w
Despite reporting better than anticipated fiscal 2017 second-quarter net profit, the stock of ING Group N.V. (NYSE: ING), the largest Dutch financial services company, has lost about 5% to trade at $17.80 levels. A y-o-y decline in net profit was
Read MoreBarclays swings to Q2 loss on African stake sale
A totally unexpected charge of £700 million related to mis-selling of payment protection insurance (PPI) and a loss from the sale of African business caused the London-based Barclays Plc (NYSE: BCS) to swing to a loss in the fiscal 2017
Read MoreTwitter beats Q2 2017 estimates, MAU growth remains flat
Social media platform Twitter Inc (NYSE: TWTR) reported better than anticipated fiscal 2017 second-quarter results in the last week of July. However, the stock has fallen by more than 10% to about $16 in the past two weeks. The flat
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