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Warren Buffett Buys Berkshire Hathaway Stock Worth $5.1 Billion as COVID-19 Hurts Earnings

By Bhushan Akolkar Aug 9, 2020 • 3 mins read

Berkshire Hataway to writedown a whopping $9.8 billion as losses from its aircraft industrial manufacturing company Precision Castparts. However, its biggest common stock holding in Apple Inc has helped the company register an 87% jump in net revenues during Q2 2020.

Altcoin News, Bitcoin News, Blockchain News, Cryptocurrency News, News

Ripple CEO Thinks Governments Are Taking Cryptocurrency Seriously

By Chuks Chukwuka Aug 7, 2020 • 3 mins read

According to Garlinghouse, it’s a matter of time before the cryptocurrency phenomenon becomes globally accepted because many people have lost confidence in fiat already.

Altcoin News, Bitcoin News, Cryptocurrency News, News

Five Promising Cryptocurrency Exchanges

By Andrey Sergeenkov Aug 7, 2020 • 5 mins read

If you are one of these traders who are looking for crypto exchanges, this article is for you.

Bitcoin News, Cryptocurrency News, News, Opinion

New Bitcoin Scam Uses Daniel Craig for Fake Celebrity Endorsements

By Muhammad Qasim Butt Aug 7, 2020 • 3 mins read

Celebrities and high-profile public figures such as members of the Dragon’s Den, Piers Morgan, James McAvoy, Elon Musk, Richard Branson, and Martin Lewis are used excessively by Bitcoin scammers for promotional purposes.

Market News, News

Gilead Sciences Says It Will Meet Global Remdesivir Demand by October, GILD Stock Price Is Rising

By Godfrey Benjamin Aug 7, 2020 • 3 mins read

Gilead has confirmed its capacities to produce Remdesivir in such volumes that will meet global demand. GILD stock is up.

Market News, News

Facebook (FB) Stock Price Up 2.6% as TikTok Rival Is Introduced

By Christopher Hamman Aug 7, 2020 • 3 mins read

Facebook (FB) stock price started rising yesterday in response to the launch of the new Instagram video feature called Reels. Reels is seen as a competitor to TikTok.

Altcoin News, Cryptocurrency News, News

Binance Stablecoin Gets Approval from New York Regulator

By Chuks Chukwuka Aug 7, 2020 • 2 mins read

Binance announced on Friday that its stablecoin has been given the nod by the financial regulatory body in New York. With this development, the final barrier to the use of the currency by financial institutions has been removed.

Market News, News

Nintendo Stock Plummets Following Impressive Earnings Report

By Godfrey Benjamin Aug 7, 2020 • 3 mins read

Investors are bullish on Nintendo Stock following the gaming giant’s Q1 earnings reports with a 428% boost in revenue.

Market News, News

GM Stock Up 1.10% as General Motors Introduced All-Electric Cadillac Lyriq

By Steve Muchoki Aug 7, 2020 • 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.

Market News, News

Tencent Shares Drop 5% as Trump Bans U.S. Transactions with WeChat and TikTok

By Steve Muchoki Aug 7, 2020 • 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.

Altcoin News, Bitcoin News, Cryptocurrency News, News

Patricia Technologies: Appraising Africa’s Leading Digital Products Trading Platform

By Godfrey Benjamin Aug 7, 2020 • 3 mins read

Patricia Technologies is one of Nigeria’s foremost digital asset trading platforms. With a luxury debit card offering among other options, the company creates unique trading experiences for its many customers.

Blockchain News, Market News, News

IBIS Management Associates Inc Connects with RippleNet

By Chuks Chukwuka Aug 7, 2020 • 3 mins read

Swiss banking giant IBIS Management Associates Inc has announced its integration with RippleNet. Now the users will be able to have access to both SWIFT and RippleNet on the same platform.

News

Facebook CEO Mark Zuckerberg Is Now Centibillionaire

By Godfrey Benjamin Aug 7, 2020 • 3 mins read

Facebook co-founder and CEO Mark Zuckerberg is now a centibillionaire. His wealth rise comes from his 13% stake in Facebook which saw boom thanks to increased demand in online services during the coronavirus pandemic.

News

Bernie Sanders Tax Bill Will Cost America’s Super Rich Like Musk and Bezos Billions of Dollars

By Bhushan Akolkar Aug 7, 2020 • 3 mins read

Sanders wrote that despite the economic meltdown caused by the coronavirus pandemic, some tech giant has seen their wealth surge massively. Thus, he proposed to introduce a one-tax on the wealth created during the pandemic period.

Market News, News

Uber Stock Down 2.65% After Hours as Its Q2 Revenue Plunges 29% but Delivery Segment Rises

By Teuta Franjkovic Aug 7, 2020 • 3 mins read

Uber reported Q2 results including revenue that managed to beat analysts’ expectations but declined by 29% to $2.18 billion from $3.17 billion during the same period last year. Uber stock is down after hours.