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GM Stock Up 1.10% as General Motors Introduced All-Electric Cadillac Lyriq
By Steve Muchoki
• 3 mins read
General Motors Co. (NYSE: GM) on Thursday unveiled its all-electric Cadillac Lyriq which is expected to be in the US showrooms by 2022. The company says the Cadillac Lyriq will compete with existing EV brands in the market.
Tencent Shares Drop 5% as Trump Bans U.S. Transactions with WeChat and TikTok
By Steve Muchoki
• 2 mins read
Tencent Holdings Ltd. shares dropped around 5% during the London trading session, following an executive order issued by President Trump banning US transactions with WeChat and TikTok in the next 45 days.
Samsung Unveils New Gadgets: Note Phones, Tablets and Noise-Cancelling Earbuds
By Steve Muchoki
• 3 mins read
Samsung announced its new gadgets. In the list, there are phones, a new smartwatch, two tablets that are similar in size to Apple’s newly refreshed iPad Pros and new noise-canceling earbuds that will compete with Apple’s AirPods Pro at a lower price.
Bloomberg Cites Correlation Between Bitcoin and Gold Price, Stating BTC Is Currently Undervalued
By Steve Muchoki
• 3 mins read
Bloomberg suggests that Bitcoin price is sixfold that of gold per ounce. It further cited that Bitcoin is undervalued under prevailing conditions.
Square Bitcoin Business Grows Sixfold Year-on-Year Basis
By Steve Muchoki
• 3 mins read
With crypto adoption likely to be the major fuel in the anticipated rally, Square may largely benefit if it offers cutting-edge services in comparison to its competitors.
Gold Price Scales to New Heights, Silver May Rise Even Higher
By Steve Muchoki
• 3 mins read
Gold price has so far reached its all-time high after crossing $2,000 level easily. Despite the fast rally, analysts anticipate silver price to outperform it.
Apple Makes a Reshuffle: Phil Schiller Steps Down and Joins Apple Fellow
By Steve Muchoki
• 2 mins read
Apple Inc (NASDAQ: AAPL) announced on Tuesday that its longtime marketing leader, Phil Schiller has stepped down and joined Apple Fellow. Schiller is being replaced by Greg Joswiak, a longtime leader within the Product Marketing organization.
AMZN Stock Rises 1.73% Today, Amazon Gets Green Light to Buy 16% Stake in Deliveroo
By Steve Muchoki
• 3 mins read
AMZN stock performed dismally on Monday in comparison to its competitors but it is up today. Amazon is going to buy a stake in Deliveroo and is expanding to Sweden.
MSFT Stock Up 5% on Monday but Is Down 1.5% Now after Microsoft Confirmed Potential TikTok Acquisition
By Steve Muchoki
• 3 mins read
Microsoft (MSFT) stock jumped 5.62% yesterday to close the day trading at $216.54, but the shares were over 1% down in the pre-market. Yesterday’s growth is attributed to a possible acquisition deal with TikTok.
Ripple Labs Publishes Q2 2020 XRP Markets Report
By Steve Muchoki
• 3 mins read
Ripple Labs says it has been a buyer in the XRP secondary market and may continue to undertake purchases in the future at market prices.