News

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Wed, 21 Apr 2021 13:00:06 GMT

US markets open flat

Prior to the start of US trading, it was expected that the US markets would open near or at the closing prices of yesterday despite a drop in oil prices.

Wed, 21 Apr 2021 12:00:08 GMT

Vision Fund likely to post record earnings

SoftBank Group's $100B Vision Fund is likely to report record earnings as soon as May 12, mostly boosted by the gain on the company's stake in Coupang, South Korea's e-commerce giant.

Wed, 21 Apr 2021 11:00:12 GMT

Amazon roll out new tech in Whole Foods stores

On Wednesday, Amazon.com stated it was launching a new biometric technology for Whole Foods customers in stores around Seattle, allowing shoppers to pay with their palm's scan.

Wed, 21 Apr 2021 10:00:15 GMT

Stock indices surge on Wednesday

During Wednesday's Asian and European trading hours, stock indices around the world surged fuelled by European corporate earnings.

Wed, 21 Apr 2021 09:00:07 GMT

ASML posts better-than-expected Q1 profit

On Wednesday, ASML Holding NV reported its net income beat forecasts for the Q1, while also raised the full-year sales outlook on robust demand amid the global semiconductor shortage.

Wed, 21 Apr 2021 08:27:41 GMT

Netflix shares drop 11%

Netflix reported slowing subscriber growth in the current year's Q1, as the pandemic hurt the movies and TV shows production, sending the streaming service's shares down 11%.

Wed, 21 Apr 2021 07:00:06 GMT

Ericsson core profit tops estimates

On Wednesday, Sweden's Ericsson posted its Q1 core profit above market forecasts as robust sales of its 5G equipment had offset the royalty income loss amid a patent battle with Samsung Electronics.

Wed, 21 Apr 2021 06:19:43 GMT

Discord ends deal talks with Microsoft

Messaging platform Discord has finished sale discussions with Microsoft, as it seeks to expand its business as a standalone firm, according to a Reuters report.

Wed, 21 Apr 2021 05:00:07 GMT

Abbott shares edge lower

Shares of Abbott Laboratories edged lower on Tuesday after the company posted a mixed first-quarter earnings report.

Wed, 21 Apr 2021 04:00:05 GMT

Boeing increases CEO's retirement age

Boeing Co has raised the retirement age of its Chief Executive Officer, the US planemaker announced on Tuesday.

Wed, 21 Apr 2021 03:00:07 GMT

Lockheed Martin increases forecast

On Tuesday, Lockheed Martin Corp raised its revenue outlook for 2021, as the US weapons producer company reported better-than-expected Q1 profits.

Wed, 21 Apr 2021 01:23:14 GMT

Dow, S&P 500 edge lower

On Tuesday, the Dow Jones Industrial Average and the S&P 500 edged lower, as investors and traders await tech earnings season.

Tue, 20 Apr 2021 20:00:06 GMT

Kering's sales surge 26% in Q1

Kering, the French luxury group, reported its sales soared by 26% in the current year's Q1, driven by a robust rebound in its star brand Gucci.

Tue, 20 Apr 2021 19:00:10 GMT

United Airlines to resume 777 jet flights

On Tuesday, United Airlines Holdings announced it was planning to revive operations of the grounded Boeing 777-200 aircraft in the future.

Tue, 20 Apr 2021 18:00:06 GMT

Tesla to make self-inspection in China

The US electric car maker Tesla Inc is set to launch self-inspection and address issues of customer service in China, it announced on Tuesday.

Tue, 20 Apr 2021 17:00:07 GMT

WeWork to start accepting cryptocurrencies

SoftBank-backed startup WeWork stated that it would start accepting payments in selected cryptocurrencies and partner with Bitpay and Coinbase Global to facilitate transactions.

Tue, 20 Apr 2021 16:10:11 GMT

UK to investigate Nvidia's ARM $40B deal

The British government is set to look into the national security consequences of Nvidia's purchase of the UK chip designer ARM Holdings, raising questions over the $40B deal.

Tue, 20 Apr 2021 15:27:48 GMT

PayPal's Venmo starts crypto operations

Venmo, the P2P payment service owned by PayPal, announced that it started allowing users to buy, sell and hold cryptocurrencies on its application.

Tue, 20 Apr 2021 14:04:14 GMT

US stock indices decline

On Tuesday, US stock markets opened with a minor decline of US stock indices. The decline was seen as a consolidation in the aftermath of reaching new high levels on Friday.

Tue, 20 Apr 2021 12:42:47 GMT

Ferrari names chief content officer

Luxury carmaker Ferrari appointed Charlie Turner, Top Gear's Editorial Director, as the company's chief content officer, Ferrari stated on Tuesday.

Tue, 20 Apr 2021 12:27:46 GMT

Microsoft tests Xbox cloud gaming service

Microsoft is set to launch a beta version of Xbox's cloud gaming on Apple's and Windows 10 PC's web browsers, as well as iPhones and iPads from April 20.

Tue, 20 Apr 2021 11:25:44 GMT

Mastercard to buy Ekata for $850M

Mastercard is planning to acquire Ekata, the digital ID verification company, in an $850M deal, on the back of an expected surge in demand for the digital security space firms.

Tue, 20 Apr 2021 10:31:47 GMT

Parler platform returns to Apple's App Store

Apple is set to bring Parler, the social media app favoured by US conservatives, back to App Store after pulling it due to the deadly US Capitol riot in January.

Tue, 20 Apr 2021 09:19:16 GMT

Danone sticks to its 2021 growth goal

On Tuesday, Danone stated it had sticked to its goal of reaching profitability in the 2021 H2 after reporting a 3.3% drop in its Q1 sales, tumbled by the COVID-19 lockdowns.

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