Category: Capital

Capital, Finance Tech

Bill Gates Loses His Spot as World’s Second-Richest Man

July 17, 2019

Via: Fortune

Bill Gates has never ranked lower than No. 2 in the seven-year history of the Bloomberg Billionaires Index. That run ended Tuesday when the Microsoft Corp. co-founder dropped to No. 3 behind France’s Bernard Arnault. LVMH, Arnault’s luxury-goods maker, advanced […]

Capital, Finance Tech

Snap shorts are down $1 billion in paper losses this year

June 28, 2019

Via: Market Watch

Snap Inc.’s recent rally has burned short sellers, who have been rushing to cover their bearish positions as shares of the social-media company climbed. A Snap SNAP, -0.88% short squeeze began in February, said S3 Partners analyst Ihor Dusaniwsky, and […]

Capital, Finance Tech

Huawei hammered: Chinese tech giant forecasts 40% drop in smartphone sales after US blacklisting nightmare

June 17, 2019

Via: Business Insider

Huawei has confirmed that it is anticipating a giant drop in smartphone sales this year after it was blacklisted by US President Donald Trump’s administration. Speaking at a livestreamed event at Huawei’s headquarters in Shenzhen on Monday, the company’s founder […]

Capital, Finance Tech, Industries, Others

Netflix shares rise on upgrade: ‘Unstoppable lead in subscription video streaming’

June 4, 2019


Netflix shares were upgraded to buy from hold by Loop Capital Markets on Monday, saying the digital media company stock is set to climb more than 25%. “We continue to think that NFLX has built an unstoppable lead in subscription […]

Capital, Finance Tech

Uber thinks price war with Lyft may be ending, and both stocks are headed higher

May 31, 2019

Via: Market Watch

Uber Technologies Inc. shares shot higher in after-hours trading Thursday after executives indicated a price war with Lyft Inc. that was keeping ride-hailing fares low was settling down. Uber UBER, +0.25% reported first-quarter losses of $1.01 billion, or $2.26 a […]

Capital, Finance Tech, News

New York reclaims the crown as the world’s top financial center, survey says

May 30, 2019

Via: Business Insider

New York City has retaken the top spot among the world’s financial centers, according to a new survey from Duff & Phelps. In its Global Regulatory Outlook report, the financial-services consultancy released the results of a survey of 183 respondents […]

Capital, Finance Tech

Venture capitalists bet big on the $1.9 trillion payments industry

May 28, 2019


Technology firms from Silicon Valley’s Stripe to U.K.-based GoCardless are all trying to grab a slice of the same $1.9 trillion industry. Payments, a sector long dominated by cash, has gone digital as a number of start-ups enter the fray […]

Capital, Finance Tech

Samsung confirms 60 per cent fall in profit

April 30, 2019

Via: TechRadar

Samsung is confident of a turnaround in the second half of 2019 after, as expected, it posted a 60 per cent drop in operating profit for the first quarter. The company had warned investors earlier in the month that results […]

Capital, Finance Tech

Huawei, the Chinese tech giant accused of spying, released quarterly financials for the first time ever in a defiant move

April 22, 2019

Via: Business Insider

Chinese technology firm Huawei released its quarterly financials for the first time ever, stating its first quarter revenue rose 39 percent to 179.7 billion yuan ($26.81 billion). Huawei is based in Shenzen, China, and is the world’s biggest telecoms equipment […]

Capital, Finance Tech

Amazon, Visa and Caterpillar Report Earnings Next Week – Here’s What to Expect

April 17, 2019

Via: TheStreet

Spring earnings season is in full swing, and investors are getting a clearer look at their favorite stock’s true market position. So far, we’ve seen Goldman Sachs (GS – Get Report) shares take a beating after missing revenue expectations by […]