News

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Wed, 10 Feb 2021 07:57:01 GMT

Apple's iPhone 12 mini US sales slide

Apple posted a decline in its iPhone 12 mini sales in the United States, marking just 5% of the tech giant's new phone overall sales in January's first half.

Wed, 10 Feb 2021 06:51:15 GMT

Boeing delivers 26 jets in January

Boeing reported it had delivered 26 jets last month, after lifting the 737 MAX aircraft ban, and won four orders for the planemaker's 747-8 freighters.

Wed, 10 Feb 2021 05:50:43 GMT

GM extends car output cuts

General Motors is planning to extend its production cuts at several of its North American factories until mid-March amid the worldwide semiconductor chip shortage.

Wed, 10 Feb 2021 05:15:35 GMT

Lyft sees adjusted profit by Q3

Lyft is expecting an adjusted profit by this year's third quarter despite the coronavirus pandemic amid extra cost cuts and anticipated rebound in the ride-hail demand in the second quarter.

Wed, 10 Feb 2021 04:02:28 GMT

Cisco revenue slides, shares drop

Cisco Systems revenue declined for the fifth quarter in succession, due to a slowdown in demand for the company's network infrastructure products used in offices during lockdowns, sending its shares 4% down on the report.

Wed, 10 Feb 2021 00:47:29 GMT

Twitter tops sales and profit estimates

Twitter reported better-than-expected quarterly profit and sales but missed forecasts on its user growth, warning this rate is likely to decline in the upcoming months.

Tue, 09 Feb 2021 20:41:19 GMT

TSMC raises capital

On Tuesday, Taiwan Semiconductor Manufacturing announced that it would raise almost $9 billion to deal with the ongoing semiconductor shortage.

Tue, 09 Feb 2021 20:15:17 GMT

GM extends production cuts

General Motors announced on Tuesday that the company would extend its production cuts in North America due to semiconductor shortage.

Tue, 09 Feb 2021 18:50:56 GMT

iPhone sales decline

On Tuesday, Apple revealed that the sales of iPhone 12 mini had made up only 5% of total sales of the company's phones.

Tue, 09 Feb 2021 17:50:20 GMT

South Korean boy becomes trading icon

Reuters reported on Tuesday that a 12-year-old boy Kwon Joon had become the icon of retail trading, as he had made 43% returns since April.

Tue, 09 Feb 2021 17:25:50 GMT

Stocks reach record high

On Tuesday, global stock indices reached new record high levels, as the devaluation of the US Dollar created a surge.

Tue, 09 Feb 2021 15:59:42 GMT

Bitcoin aims at 50,000.00

During Tuesday's US trading hours, the price for Bitcoin booked new all-time high levels, as the currency aimed for the 50,000.00 mark.

Tue, 09 Feb 2021 14:56:23 GMT

Dollar erases February gains

On Tuesday, the US Dollar entered into a thrid day of declining, as it reached the low level of February 1.

Tue, 09 Feb 2021 13:43:16 GMT

Crude oil reaches record high

On Tuesday, prices for crude oil reached a 13-month high level, as demand for oil was expected to return.

Tue, 09 Feb 2021 12:14:57 GMT

Exchanges experience glitches

On Monday, due to an influx of investment into BTC, various cryptocurrency exchanges reported that they were experiencing technical issues.

Tue, 09 Feb 2021 10:04:24 GMT

Asian shares edge higher on Tuesday

On Tuesday, Asian shares edged higher. MSCI's broadest index of Asia-Pacific shares outside Japan was last up by 0.32% at 721.53.

Tue, 09 Feb 2021 09:02:52 GMT

US Dollar declines on Tuesday

On Tuesday, the US Dollar declined to its lowest level in a week, as bitcoin cryptocurrency reached a record above $47,000.

Tue, 09 Feb 2021 08:04:19 GMT

Chinese smartphone shipments edge higher

According to the Chinese government data, shipments of China's smartphone rebounded to pre-pandemic levels in January.

Tue, 09 Feb 2021 07:02:30 GMT

Crude oil prices hit 13-month high

On Tuesday, crude oil prices hit 13-month levels, as supply cuts by top producers in the Organization of the Petroleum Exporting Countries and their allies support oil markets.

Tue, 09 Feb 2021 05:21:18 GMT

Wall Street reaches record high

During Monday's US trading hours, US stock indices reached a record high, as expectations of stimulus boosted the markets.

Tue, 09 Feb 2021 04:31:12 GMT

Elon Musk boosts BTC price

During Monday's trading, the price of Bitcoin reached a new all-time high due to the CEO of Tesla Elon Musk announcing that the company would take Bitcoin as payment.

Mon, 08 Feb 2021 21:41:58 GMT

UK calls for reset in relations with EU

On Monday, the United Kingdom announced that it would like a reset with the EU and a refinement of the Brexit deal.

Mon, 08 Feb 2021 20:44:14 GMT

G4S to negotiate head-to-head auction

The UK security group G4S is set to hold talks with the City's takeover panel, which could lead to a head-to-head auction between allied Universal and GardaWorld for the company's buyout.

Mon, 08 Feb 2021 19:44:37 GMT

Renesas buys Dialog in €4.9B deal

Renesas Electronics agreed to acquire Dialog Semiconductor for €4.9B in cash, strengthening its stance in low-power technology and connectivity through smart devices, cars and industry.

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