Uber's Q4 results
Uber on Wednesday summarised its Q4 and full year 2020 results, reporting a modest recovery in taxi service trips and a 130% growth in delivery services.
Uber shares, which have shown a strong 102.4% rise over ...
Satellite internet service
Elon Musk's private company SpaceX has moved from beta testing its Starlink satellite internet service to a wider launch. Residents in the US, Canada and the UK can now pre-order the satellite internet service from the Sta...
Lyft earnings and forecasts
Lyft shares rose sharply after posting better-than-expected fourth-quarter results, although the number of active users of the taxi service is still down&nb...
Cryptocenter in Texas
London-listed mining company Argo Blockchain has announced the purchase of land in Texas to build a new data centre for bitcoin mining.
The company has signed a letter of intent with New York-based firm DPN. The document is fo...
U.S. stock market
US stock indices showed no unified dynamics in Wednesday's trading, with the Dow Jones Index hitting a record high.
The Dow Jones Industrial Average climbed 61.97 points (0.2 per cent) to 31437.8 points. The Standard Poor's 500 fe...
Partnerships between the companies
Palantir Technologies and IBM announced on Monday that as part of a partnership they will release Palantir for IBM Cloud Pak for Data software in March that will enable customers without technical skills to impleme...
Buying Glu Mobile
Electronic Arts announced a deal on Monday to acquire major mobile game developer Glu Mobile. As a result of the deal, Electronic Arts' mobile games business will double and the company expects to incr...
Toyota Motors' earnings
Japan's Toyota Motor Corp (T:7203). net profit rose 50%, or 1.5 times, to 838.7 billion yen ($8.02 billion) for the third quarter of fiscal 2021 (October-December), up from 55...
New high
Twitter shares rose after reporting Q4 revenues and profits above Wall Street forecasts. However, Twitter missed expectations for user growth and also reported a 20% increase in staff this year, which will increase total costs by more than ...
Conflict between the companies
Relations between Apple and Facebook have heated up over the past month as the social network is very unhappy with the new privacy rules that Apple plans to introduce starting with iOS 14.5 operating system.
Starting ...
Profit of Japan's SoftBank Group
Japan's SoftBank Group Corp. posted net income of 1.17 trillion yen (about $11 billion) in the third fiscal quarter, thanks to investments in Vision Funds, The Wall Street Journal reported.
The company had investmen...
Negotiations by the companies
Hyundai and KIA Motors (KS:000270) have denied media reports that they are allegedly in talks with Apple (NASDAQ:AAPL) to develop autonomous electric cars.
The South Korean carmaker notes that it has received requests ...
Rising value of indices
The US stock market surged in trading on Friday, with the S&P 500 and Nasdaq indices reaching record highs. By the end of last week Dow Jones indicator rose by 3.9%, the highest since the week ended November 13, notes Mar...
Nasdaq First North listing
Norwegian investment firm Arcane Crypto has been listed on Sweden's Nasdaq First North after completing a reverse takeover deal with public company Vertical Ventures.
Arcane Crypto investment director Eric Wall tweeted th...
The world's richest people
In recent years, the shares of famous companies are rising, and the owners of these companies are getting richer, respectively.
The fortune of Elon Musk, head of Tesla and SpaceX, rose by $11.5 billion over the week amid ...
Ralph Lauren shops to be cut globally
US premium clothing manufacturer Ralph Lauren said it plans to cut up to 30% of its corporate real estate in North America, reduce space in Europe and Asia and close up to a dozen shops worldwide.
The company i...
Company's revenue growth
Pinterest ended the holiday fourth quarter with revenue growth of 76% as the COVID-19 pandemic boosted demand for digital advertising and Pinterest's advertising products were improved. The company is forecasting 70% revenue...
The company's profit declined in Q4
France's largest bank by assets, BNP Paribas (PA:BNPP) SA, saw its net profit fall 14% to 1.59bn euros in Q4 2020 from 1.85bn euros in the same period last year.
Analysts polled by FactSet had on average estimate...
U.S. indices
U.S. stock indices ended Thursday's trading up strongly, with the S&P 500 reaching a record high. Traders assessed new company reports and statistical data.
The Dow Jones Industrial Average index rose 332.26 points (1.08%) to 31055...
Ford's Q4 report
Ford's Q4 loss to the automaker, but the company has high expectations for its new Mustang Mach-E EV, F-150 and Transit vans. Ford plans to allocate huge investments for its electric and autonomous vehicles.
Ford (F)...
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