The global sportswear giant stated that the impressive performance in the fourth quarter was led by an 11.8% sales increase in Asia/Pacific, with Greater China at the center of it all.
The loss of the United States Postal Service contract by the Workhorse Group constitutes a major setback for the company, whose base case scenario lies in the long-drawn deal.
However, some tech stocks took the heat on Tuesday following the heightened talks about the inflation concerns.
Predicting revenue for the first quarter of 2021, PubMatic noted that it expects to record about $38 million to $40 billion.
Lucid Motors has recently announced an intent of the company to alter merge with a blank-check dedicated company Churchill Capital IV Corp in an agreement to trade and operate publicly.
While Spotify’s market expansion drive is ambitious and will help push the company to maintain a better global streaming audience, the platform has other tech behemoths offering similar services to compete with.
WeWork is looking at a second attempt at a public listing and should complete a settlement with SoftBank.
Before Gates changed his view on Bitcoin from “negative” to “neutral,” the billionaire had criticized crypto anonymity. He referred to cryptocurrency as “a rare technology that has caused deaths in a fairly direct way.”
The best moment to buy or accumulate any digital asset is when the prices are low, and this may be a perfect time for corporate investors to follow Tesla’s Bitcoin investment move and get on the train.
The company’s pretax profit was $8.78 billion in 2020, which is a 34% fall from the previous year. This beats the analyst expectation of an $8.33 billion pretax profit.
The shares of MoneyGram may bounce back to better days as the legal team representing Ripple reportedly had a great showing in the first court hearing.
Owing to the expectations of strong economic recovery, the bond yields jumped 1.35% on Monday, with a total surge of 27 basis points so far in February. While stocks remained under pressure, the long-term effect of growing economic activity could be positive for Wall Street.
According to data, the 8.55% fall on Monday is the biggest drop of Tesla shares since September 23, 2020, when they lost 10.34%.
The trio of Nvidia, Mattel and Domino’s Pizza are receiving a special focus for the week.
According to reports, the current parliamentary session in India will see a new bill passed to order the ban on the use of all private cryptocurrencies.