Latest Articles
UK Online Grocery Retailer Ocado Acquires Two U.S. Robotics Firms
By Darya Rudz
• 3 mins read
The sum of the deal has totaled $287 million in cash and shares: $262 million for Kindred Systems and $25 million for Haddington Dynamics.
Bitcoin White Paper Day: 12 Years Since Publication of Revolutionary Text
By Darya Rudz
• 3 mins read
In twelve years, the 9-page technical paper has turned into a worldwide famous project with over $256 billion capitalization without fundraising, marketing budget, office, and employees. And the best you can do today is to reread the document and make sure that genius is simplicity.
Dow Jones Closes 157 Points Lower as Wall Street Suffers Worst Week Since March
By Darya Rudz
• 3 mins read
Friday’s losses came along with the coronavirus cases in the U.S. hitting new all-time highs and European countries announcing new lockdowns. Besides, this messy week comes just three days before the U.S. election, and traders are preparing for mutable market moves next week.
MoneyGram Q3 2020 Results: 114% Revenue Growth, Millions-Strong Investments from Ripple and Much More
By Darya Rudz
• 3 mins read
In Q3 2020, MoneyGram continued to receive huge “market development fees” from its investors. Its major partner Ripple handed over $9.3 million over the period.
Amazon Q3 Revenue Climbed 37% as COVID-19 Sales Tripled Its Profits
By Darya Rudz
• 3 mins read
Such a surge in Amazon’s revenue resulted from the coronavirus pandemic that made people stay at home and order online instead of doing shopping in stores.
SoFi Gets Conditional Approval to Establish a New National Bank
By Darya Rudz
• 3 mins read
With OCC’s license, it will be easier for SoFi to become a national bank. However, the company still has to wait for formal approval from the Federal Deposit Insurance Corporation and the Federal Reserve.
HSBC to Accelerate Restructuring Plan as Its Third-Quarter Profit Tumbles 35%
By Darya Rudz
• 3 mins read
As HSBC has reported, its third-quarter profit before tax is down 36% year-on-year, at $3.1 billion. The after-tax figure is $2 billion (46% down), adjusted profit before tax is down 21% to $4.3 billion.
General Motors Debuts Electric Hummer Pickup, GM Stock Closes at Record High
By Darya Rudz
• 3 mins read
The Edition 1 model of GM electric Hummer pickup will be available in fall 2021. Its price starts at $112,595. The reservation for the truck is already full.
COVID-19 Vaccine Volunteer in Brazil’s AstraZeneca Trial Dies, AZN Stock Plummets 1%
By Darya Rudz
• 3 mins read
It is unclear whether the volunteer took the vaccine dose or was in a placebo group. AstraZeneca has not provided much information but said they followed all required review processes.
TSLA Stock Rises 3% After Hours on Tesla Record Q3 2020 Earnings Report
By Darya Rudz
• 3 mins read
The third-quarter results are impressive. Tesla generated $8.771 billion in revenue, which marks a 39% growth year-over-year.