The tech sector continues to take the markets ahead as indices hit new highs. The U.S. and China have resumed the phase one of the trade talks as the two giant economies plan to come to common grounds with their trade settlements.
Salesforce’s revenue for Q2 2020 jumped 29% beating Street expectations by a good margin. The company has set a new revenue target for fiscal 2021 as it prepares to make an entry at the Dow Jones replacing Exxon Mobil.
CICC, Citigroup, JPMorgan, and Morgan Stanley will be advisers on the Hong Kong Ant Group’s listing plan, while CICC and CSC Financial will underwrite the Shanghai leg of the IPO.
Polkadot achieving top 10 status right out of the gate is an impressive feat, and there’s plenty of room for growth given the number of projects currently building on a network that aims to bridge assets, enhance voting systems, and permit cross-chain conversation.
The shares of Salesforce.com, Amgen and Honeywell will replace those of Exxon Mobil, Pfizer and Raytheon Technologies respectively in Dow Jones 30 stock listed. The implementation will become effective before the start of trading on August 31.
Paul Ryan will become the chairman of ENPC’s board after its IPO. The company is going to raise $300 million at the offering.
Luminar, a Florida-based startup that makes LIDAR sensors and other components essential for autonomous driving technology, is the latest transportation company to go public via a “reverse merger” with a special acquisition company, or SPAC.
Travel stocks such as shares of airlines, cruise operators, and hotels rose following an FDA announcement on coronavirus treatment and vaccines.
Though on Friday Best Buy (BBY) stock managed to hit a new milestone, today is 6% down.
Tesla stock is one of the most widely-discussed stocks this year with about 400% growth. With TSLA’s current pullback, the stock performance still amazes analysts.
Work management platform Asana has filed for a direct listing on the NYSE. Meanwhile, the company’s FY20 revenue was $142.6M, up to 86% Y/Y. The net loss was $118.6M, up from the prior year’s $50.9M.
Unity is one of the top software companies in the world. In the SEC filing for an IPO, the company estimated that more than half of the top mobile games on the Apple App Store and Google’s Play Store in 2019 were built with Unity.
Apple (APPL) shares kept rising and on August 24, the stock gained for the fifth straight trading session after Morgan Stanley analyst Katy Huberty expressed an increasingly bullish view on Apple’s prospects.
In the United States, a client of the Bank of America was mistakenly credited with $2.45 billion only a few days after Citigroup made headlines for accidentally sending $900 million to a group of lenders.
Apple shares took the lead to open the week ahead of other top tech stocks. Airlines and cruise stocks rose as well.