Staff cuts at Disney
The Walt Disney Company will reorganise into three divisions and cut 7,000 employees. The company's CEO, Robert Allen Iger, made the announcement on Wednesday during a conference call with investors, Bloomberg reported.
Accordi...
Schedule for the week
The S&P 500 and Nasdaq Composite ended the week recording their 7th consecutive negative week. It is worth noting that this is the longest streak since the end of the dot-com bubble in 2001.
However, companies will continu...
US stock indices fell sharply on Tuesday
After 10-year treasury bond yields rose to 1.54%, which hit tech growth stocks the hardest. Uncertainty around the raising of the US government debt limit and the risk of a lockdown is causing further worries...
Oracle's report
Oracle (ORCL) shares fell 1.9 percent after the report as the company reported quarterly earnings below analysts' average expectations. Oracle continues to grow its cloud business by increasing inve...
Zoom's earnings
Zoom Video Communications on Monday reported revenues and profits above market analysts' forecasts, but investors were disappointed by the slowdown in growth.
Shares of Zoom Video Communications (ZM) fell 10% after Monday's close, d...
Zoom phone instead of cordless telephones
Zoom has announced the launch of 'Zoom Phone' desktop camera phones for video conferencing with content sharing and annotation capabilities. The company sees it as an ...
Stock rises
Shares in Zoom Video Communications rose after the company reported earnings and revenue above analysts' average estimates and raised its full-year financial forecast. Zoom added about 30,000 customers during the quarter, indicating a mo...
Buying shares
Shares in XPeng and Li Auto, as well as cannabis producer Tilray and videoconferencing app Zoom, were bought by the Swiss National Bank in the first quarter of 2021.
Switzerland's central bank h...
New V9 architecture
Arm on Tuesday unveiled its new Armv9 architecture, which will form the basis of the next 300 billion chips whose technology will enable artificial intelligence and high security data storage.
...
Report from Zoom
Zoom reported record growth in quarterly revenues and profits, exceeding Wall Street estimates. Zoom's projections for the first quarter and full fiscal year 2022 are also above expectations.
Shares in Zoom Video Communications (ZM...
Rising shares by mistake
"Use Signal", wrote Elon Musk on 7 January. Shares in Signal Advance rose 527 per cent on Thursday and another 91 per cent on Friday, climbing from $0.6 to $7.19. Prior to that, little was known about the small company. Acco...
Ending the year with growth
The US stock market ends 2020 on an upswing despite the COVID-19 pandemic.
The Standard Poor's 500 Index jumped 66% from this year's low in March, the early days of the pandemic. Leading the gains were shares of Tesla (N...
Competing with internet platforms
Thanks to a strong rebound on the coronavirus pandemic and the resulting restrictions such as remote working and self-isolation this year, online conferencing platform Zoom has experienced a real boom.
In Q2 of fis...
Zoom's forward-looking statements and quarterly results
Zoom shares fell on Monday despite the fact that the company surpassed its third quarter and fourth quarter forecasts. At the same time, it is difficult for Zoom to compete in the large corpora...
Large companies
CalPERS has invested in 3Q in Nikola (NKLA) and NIO (NIO), and has increased its shares in Tesla (TSLA) and multiplied its investment in Zoom Video Communications (ZM). CalPERS has submitted data on these investments to the Securitie...
The coronavirus pandemic has been bad news for business. But even as some technology companies have been squeezed tight, others have actually seen a boost.
Despite some major PR disasters around privacy and security issues, Zoom's stock pr...
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