This category covers crypto market news today, including crypto index trends, major exchange data, capital flows, sentiment shifts, regulation impact and crypto’s interaction with traditional finance. Designed to help you understand the forces driving valuation across tokens, sectors and regions.
While the company said that its decision to shut Loon is related to its lack of commercial success, another reason could be in the increased interest of Amazon and SpaceX in the connectivity business.
Virgin Galactic stocks enjoyed a profitable 2020 despite the coronavirus market disruptions and may have a bright future this year again.
Ford’s recent restructuring plan and electric vehicle push have brought new optimism among the investors. Besides, analysts are hopeful for a positive Q4 2020 earnings report which has pushed F stock to rally this week.
Analysts at Truist Securities initiated coverage of Airbnb stock with a below-market target price of $154 a share.
The shares of Fastly purportedly received the boost following bullish comments from the analyst.
Wall Street remains optimistic about the earnings reports of top tech companies coming next week. While tech leads Nasdaq, the market maintains caution on the hope of approval of the next stimulus bill. Unemployment insurance claims drop for the week ending January 16.
Apple (AAPL) stock has been performing excellently over the past months. The company has sustained increases as it launched new products.
Silvergate reported strong growth in terms of digital currency customers’ increase last year along with the surge in deposits. The bank is planning to explore other facets and opportunities in the market this year in 2021.
Qualcomm’s market share in China fell to 25.4% in 2020 versus 37.9% in 2019.
Netflix recorded revenue of $6.64 billion in the past three months versus Wall Street estimates of $6.63 billion and Netflix’s forecast of $6.57 billion.
Zoom stock rallied approximately 406.28% last year but dropped around 25.41% in the past three months.
Per advertisement revenues, Snap is pointed as one of the potential beneficiaries of the boycott on the ads of Facebook.
With Joe Biden at the helm of affairs now, the expectations that the market will see an improved boost is high.
In a letter to President Joe Biden, Amazon’s Worldwide Consumer CEO Dave Clark said that the government can leverage Amazon’s facilities and robust distribution channels for effective and faster distribution of the COVID-19 vaccine.
In 2021, United Airlines is going to focus on preparing for a recovery. It targets to fully get back to normal by 2023.