As part of the agreement, the Ant Group will club all of its financial wings including blockchain and fintech arms in one holding company. Analysts note that this will, however, slow down the growth of the company.
As the Reddit-fueled frenzy slows down, investor confidence in the broader market seems to be restored again thanks to the tech giants like Amazon and Alphabet whose earnings report suggests phenomenal growth during Q4 2020.
Alphabet (GOOGL) stock enjoyed a profitable 2020 as they jumped approximately 32.77% during the year.
Pfizer raised its earnings guidance for the 2021 fiscal year noting that its revenues will range between $59.4 billion and $61.4 billion, with vaccine sales taking a prominent role in the achievement.
In the earnings report, Amazon also announced that Jeff Bezos would leave his post as the company’s CEO.
The Chief Financial Officer of Amazon Brian Olsavsky disclosed that the move was decided in consultation with the Board of Directors of Amazon. Andy Jassy will become a new CEO.
Following its halt in the trade of the shorted stocks last week, Robinhood has earned a strained public sentiment, which is reportedly going to strain its IPO plans.
Alibaba reported profitability for its cloud computing business amid its ongoing regulatory scrutiny by China’s State Administration for Market Regulation (SAMR).
Last year, Riot Blockchain stock experienced an astronomical rally. In the past twelve months, RIOT shares are approximately 1457.25% up. In the past three months, it rallied by 514.00%.
Telenor attributed the economic impact of the COVID-19 pandemic primarily to the decline in tourism and business travels.
BP CEO said that with the mass rollout of the vaccine, his firm had a positive outlook for the coming year.
With the coronavirus still being a direct threat to our normalcy, Snap stock remains with an upper advantage of rallying further in the coming quarters.
Despite the impressive showing the company recorded in the fourth quarter, Electrolux has refused to give a definitive projection for this current fiscal year.
The Reddit community of investors who fueled the GameStop rally has shifted its focus to precious metal silver taking its price 7% higher to $29 per ounce.
The amount that Robinhood raised far exceeds any money the company has made since its inception in 2013.