Payment in cryptocurrency
Visa has announced that it will allow USD Cion, a cryptocurrency backed by a dollar, to be used for payments on its payment network. Visa has partnered with Crypto.com, a cryptocurrency transaction platform.
The world's la...
Shares sale
Banks Nomura and Credit Suisse on Monday warned of significant losses related to the default of hedge fund Archegos Capital. A number of stocks, including ViacomCBS, Discovery, Baidu and Tencent Music, posted their biggest ...
Popconductor shortages
The chip shortage problem has affected technology manufacturers around the world while shares of carmakers have fallen due to forced plant shutdowns, shares of semiconductor and semiconductor equipment manufacturers are rising...
Plant shutdown
China's Nio said on Friday it would suspend production of electric cars at its plant for five days starting Monday due to a shortage of semiconductors. Nio's forecast for del...
The lifting of restrictions
The Fed will allow large US banks that have passed a round of stress tests with capital requirements to resume dividend increases as well as increase share buyba...
US stock market
By the closing bell on the New York Stock Exchange, the Dow Jones gained 1.39%, reaching an all-time high, the S&P 500 rose 1.66% and the NASDAQ Composite rose 1.24%.
Intel Corporation (NASDAQ:INTC) was the top gainer among Dow ...
Adobe report and forecasts
Indications and contraindications for taking Adobe Systems has reported accelerating earnings and revenue growth, beating market analysts' expectations and raising its earnings and revenue forecast for the full financial y...
Tencent Holdings quarterly profit
Chinese internet giant Tencent Holdings Ltd.'s fourth-quarter net profit rose 2.7 times to a record 59.302 billion yuan ($9.09 billion), up from 21.582 billion yuan in the same period in 2019.
The figure was booste...
New chip plants in Arizona
Intel shares rose 3.7 percent after the company's new CEO announced plans to build two new plants for about $20 billion. Intel could expect success, given the global chip s...
GameStop reported financials
GameStop shares fell 12% after the close of trading on Tuesday, as the company reported lower-than-expected fourth-quarter results. At the same time, the company reported a 175% increase in electronic sales, which now ac...
The grandson of Queen Elizabeth II got a job at one of the Silicon Valley startups called BetterUp. Prince Harry's new position now sounds like "tech impact leader".
According to the head of the BetterUp company, Harry's role as an employee of the c...
Pinterest's long-term growth
Pinterest shares are increasingly the choice of investment firms and hedge funds that believe in better monetisation and more advertising products on the platform. That's what Pinterest is doing for its long-term growth....
Stock Market
US stock indices are falling on Tuesday ahead of speeches by US Treasury Secretary Janet Yellen and Federal Reserve (Fed) chief Jerome Powell.The Dow Jones Industrial Average index was down 47.22 points (0.14 per cent) at 32683.98.
The...
Buying Discord
Microsoft is in talks with Discord, whose app allows people to communicate through video games and can also be used in business, education, tourism, etc.
Microsoft (MSFT) is in talks to acquire ...
US government bond market
US stock indices rose in early trading on Monday after falling last week.
For the week the Dow Jones and S&P 500 fell 0.5% and 0.8% respectively after rising for the previous two consecutive weeks. The Nasdaq fell 0.8%...
Shares of electric car makers surge
Shares in Chinese electric car makers Nio, Xpeng and Li Auto rose sharply on Friday amid news of details of their IPO in Hong Kong. The companies are attracting major US investment banks as underwriters.
Shares o...
Delivering microsatellites into orbit
SpaceX intends to launch another 60 microsatellites into orbit for the Starlink network on 24 March.
"The Falcon 9 rocket is scheduled to launch from Cape Canaveral, Florida, at 04:58 US East Coast Time. This w...
Crime is down
According to the police department, in February the total number of crimes committed in the city was 26.5% lower than a year earlier. This was primarily due to a drop in the number of thefts (down 40.45%) and robberies (down 32.7%).
T...
AirTrain in New York
The long-planned LaGuardia AirTrain is about to become a reality. On what this "air train" will be.
The Federal Aviation Administration (FAA) has completed its review and consultation on the project and said it could move forwa...
US stock market
The US stock market ended Saturday's trading multidirectional due to strengthening of consumer services, technology and healthcare sectors. The market is performing on the back of negative momentum from the financials, industrials an...
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