Overstock.com subsidiary tZERO announced that its preferred equity security tokens are now available to be resold to non-accredited investors.
AMD announced that Twitter and Google will be adopting the use of the Rome processor. This is a complete game-changer for Silicon Valley and speaks to AMD’s desire to take massive market share in the data center sector.
Goldman Sachs Securities Division analysts, in a note to investors, have shared a bullish attitude towards Bitcoin. They even encourage investors to buy Bitcoin on this dip.
Rakuten Inc. reported an unexpected quarterly loss, hit by the depressed value of its investment in ride-hailing firm Lyft Inc. and heavy spending on a new wireless service.
Worldpay’s second-quarter earnings per share were of $1.24 that beat the average analyst estimate of $1.18. Though FIS and Worldpay are looking for diversification, just getting under the one roof won’t automatically maximize their value.
Uber has disclosed earnings for the second time since becoming a public company, reporting revenues of $3.16 billion on losses of $5.2 billion for the second quarter of 2019.
The UAE’s Etihad Airways has established collaboration with the Swiss blockchain platform Winding Tree to enhance logistics and distribution services.
To streamline its global insurance payments business, German-based Allianz Group is betting on the use of crypto to have a token-based blockchain ecosystem.
It is said that Apple is being investigated by the Russian anti-monopoly watchdog. Kaspersky Lab filed a complaint pointing out that the company might be abusing its dominant positions in the market.
Salesforce cloud firm has just announced an agreement with ClickSoftware to purchase the latter for $1.35 billion. This acquisition is expected to improve its Field Service Lightning offering which has already earned the firm more than $1 billion.
Lyft (LYFT) stock climbed 13% after hours but gave up early gains after the company announced share lock-ups would expire on August 19, 2019, rather than a previously scheduled date in September.
BlockFi, a service that allows its users borrow fiat using crypto deposits, has just bagged $18.3 million in its Series A funding. The funds will reportedly be used to expand its products and employee base.
Online payments firm Klarna, which has attracted a growing following with its “buy now, pay later” service for shoppers, said it had raised $460 million in a funding round that makes it Europe’s most valuable fintech startup.
Disney missed Wall Street expectations in its Q3 earnings report. DIS stock fell 3.7% in after-hours trading. Disney blamed the earnings miss on the ongoing integration of Fox’s entertainment assets, which it acquired in a $71B deal closed in March.
Global markets, mostly in Asia, are beginning to feel serious impact from the China-U.S. trade war as stocks set record losses, triggering emergency meetings and threats of protest.