Gilead has confirmed its capacities to produce Remdesivir in such volumes that will meet global demand. GILD stock is up.
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.
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.
Investors are bullish on Nintendo Stock following the gaming giant’s Q1 earnings reports with a 428% boost in revenue.
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 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.
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.
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.
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.
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.
Amazon presently has a market cap of $1.61 trillion. In the last 12 months, the company’s stock has over 74%.
Sea Ltd (SE) stock has become the fastest-growing high-cap investment on Wall Street after posting impressive 18 months gains of 880%.
MicroStrategy is set to inject part of its excess $250 million liquidity into Bitcoin, losing faith in the long-term benefits of the U.S. dollar.
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.
According to Pompliano, Bitcoin already represents a digital version of gold. Comparing gold and Bitcoin markets, Pompliano noted that the later will eventually become a bigger one.