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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.

Mon, 08 Feb 2021 18:55:17 GMT

Airbnb to control short lets in France

Airbnb announced its intention to tighten control over short-term rentals in several cities in France by deleting those without official registration numbers.

Mon, 08 Feb 2021 18:24:48 GMT

Porsche to build assembly plant in Malaysia

Porsche AG is expected to set a new assembly factory in Malaysia within a partnership with Sime Darby Bhd's automotive business, The Edge Weekly reported.

Mon, 08 Feb 2021 16:51:52 GMT

Asia's chipmakers to expand output capacity

Asian chipmakers aim to boost their output capacity in order to meet a worldwide chip shortage that affected carmakers, warning the supply gap could take months to fill due to strong demand.

Mon, 08 Feb 2021 15:49:26 GMT

GameStop shares soar 11%

Shares of GameStop, the videogame retailer, surged as much as 11% in Monday's early deals, despite the recent Reddit trading mania calmed.

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