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.
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.
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.
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%.
Gaming giant Nintendo has reported a 428% increase in its Q1 profits. It joined other gaming firms that have managed to record gains despite the COVID-19 crisis.
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