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Category: Capital


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 […]


Capital, Finance Tech, Trading

JP Morgan shares surge after record quarterly profits

April 12, 2019

Via: NBC News

JPMorgan Chase reported record first-quarter profit and revenue that exceeded analysts’ expectations as the bank benefited from the Federal Reserve’s December rate hike. “We had record revenue and net income, strong performance across each of our major businesses and a […]


Capital, Finance Tech

A fifth of Americans say they have zero savings

March 14, 2019

Via: Business Insider

About a fifth of Americans have no money tucked away for unexpected costs. About 21% of working Americans said they aren’t saving any money at all, Bankrate found in a survey. Among those who are saving, a majority are putting […]


Capital, Finance Tech

Record Earnings, Good Economy—So Why Are the Big Banks Cutting Back?

February 13, 2019

Via: Fortune

Last month, Wall Street’s major banks celebrated robust quarterly earnings virtually across the board. Even before Morgan Stanley disclosed comparatively disappointing numbers, the likes of Goldman Sachs, JP Morgan Chase, Citigroup, Bank of America, and Wells Fargo combined to report […]


Capital, Finance Tech

No One Has Made More Money During Trump’s Presidency Than Jeff Bezos

February 5, 2019

Via: Fortune

Two years into Donald Trump’s presidency, the man who has profited most from the era is his foremost nemesis in the business world, Amazon.com Inc. founder Jeff Bezos. Trump has repeatedly vilified Bezos, threatening his company with tax increases, antitrust […]


Capital, Finance Tech, Trading

Bank of America shares rise more than 3% after posting record earnings

January 16, 2019

Via: CNBC

Bank of America reported better-than-expected profit and revenue for the fourth quarter on Wednesday, driven by a strong performance from its consumer-banking business and lower taxes. The results sent the bank’s shares up more than 3 percent in the premarket. […]


Capital, Finance Tech

JPMorgan Earnings Fall Shy of Estimates for First Time in Four Years

January 15, 2019

Via: TheStreet

JPMorgan Chase & Co. (JPM – Get Report) , the largest U.S. bank, missed analysts’ profit estimates for the first time in four years, as trading revenue fell short of expectations and costs rose for loan-loss reserves. Net income rose […]


Capital, Finance Tech

Citigroup Beats Fourth-Quarter Profit Estimates After Slashing Costs

January 14, 2019

Via: TheStreet

Citigroup Inc. (C – Get Report) , the third-biggest U.S. bank, posted a fourth-quarter profit that beat analysts’ estimates, with CEO Michael Corbat cutting costs as revenue slid. Net income was $4.3 billion, the New York-based bank said Monday in […]