Market News - Page 336 of 478

Market News - Page 336

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.

CorionX Teams Up with Syscoin to Push Stablecoin Adoption

By Kseniia Klichova Oct 8, 2020 • 3 mins read

The Corion Foundation, the non-profit behind CorionX, a platform that looks to usher in the next wave of adoption for stablecoins, central bank digital currencies (CBDCs), and decentralized finance (DeFi), has now teamed up with the Syscoin Foundation to help address market interoperability issues and drive stablecoin adoption.

Market News, News

Tesla Owners Complain of In-App Enhanced Autopilot Purchase Feature and Customer Service

By Bhushan Akolkar Oct 8, 2020 • 3 mins read

Tesla has a great year with sales skyrocketing every quarter and demand hitting the roof. However, customers have been complaining of strange in-app purchases happening without their consent.

Market News, News

Samsung Q3 Earnings to Beat Estimates as Firm Noted in Its Latest Guidance

By Godfrey Benjamin Oct 8, 2020 • 3 mins read

Samsung’s consolidated sales for the third quarter rose by about 6.5% from a year ago coming in at 66 trillion won (Q3 2019 consolidated sales were 62 trillion won).

Market News, News

Facebook Uses Monopoly Power to Dominate Competitors, Antitrust Committee Reports

By Tolu Ajiboye Oct 7, 2020 • 3 mins read

The report stated that Facebook sustains its monopoly position by identifying and acquiring its competitors.

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Elon Musk Set to Secure Another $3 Billion as Tesla Hits New Milestone

By Tolu Ajiboye Oct 7, 2020 • 3 mins read

Yesterday, Tesla hit a new milestone of $250 billion in its six-month average stock value. As a result, Musk is poised to secure his fourth payment tranche.

Market News, News

Sonos, Logitech Stock Drop Over 6% as Apple Yanks Off Firms’ Smart Speakers from Its Stores

By Godfrey Benjamin Oct 7, 2020 • 3 mins read

Following the news from Apple, the shares of Sonos dropped by 7% and Logitech shares lost 6.12% on Tuesday.

Artificial Intelligence, Market News, News

Nvidia (NVDA) Stock Rose Nearly 3% after BMO Raised Price Target to $650 per Share from $565

By Steve Muchoki Oct 7, 2020 • 3 mins read

With the global demand leaning towards artificial intelligence, investors are willing to put in their capital in Nvidia stock for future returns.

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F Stock Down 2% on Tuesday, Facebook Ad System Faces Plausible Decline

By Steve Muchoki Oct 7, 2020 • 3 mins read

In September, Facebook informed its partners about the possible effects of Apple’s iOS 14 on its advertisement policy.

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BA Stock Drops 7% as Boeing Revises Its BMO Due to Effects of COVID-19 Pandemic

By Godfrey Benjamin Oct 7, 2020 • 3 mins read

Following the revised BMO that already had its impact on Boeing shares, airline stocks fell after President Donald Trump called for a halt in the stimulus negotiations.

Market News, News

Dow Jones Tanks 375 Points as President Donald Trump Pauses Stimulus Talks

By Bhushan Akolkar Oct 7, 2020 • 3 mins read

President Trump accused House Speaker Nancy Pelosi of not negotiating in good faith thereby asking his representatives to stop any discussions with stimulus bills until the Presidential Elections.

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BNTX Shares Rise 10% in Pre-Market, EU Begins Review of BioNTech-Pfizer Vaccine

By Godfrey Benjamin Oct 6, 2020 • 3 mins read

The start of the review process of the BioNTech-Pfizer vaccine has triggered investors to bet more on BNTX stock.

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Puma Sees 3% Plunge in Shares as Kering Sells Out Part of Its Stake

By Godfrey Benjamin Oct 6, 2020 • 3 mins read

The hope of recovery may force Puma to engage in more sponsorship deals with sports unicorns as well as by modeling its current partnerships with celebrities.

Market News, News

Asia Is ‘Best Positioned’ for Economic Recovery, Goldman Sachs Analyst Says

By Godfrey Benjamin Oct 6, 2020 • 3 mins read

Asian markets have surged to a 2-week high being fueled by a series of events followed by the Goldman Sachs tip on the country’s potential economic recovery.

Market News, News

Apple Halts Sales of Third-Party Sound Entertainment Products

By Steve Muchoki Oct 6, 2020 • 3 mins read

Apple is striving to widen production and enrich the choice for its customers amid the pandemic. Meanwhile, last month the company stopped selling third-party sound products.

Market News, News

Stock Market Rallies on News of President Trump’s Discharge, Stimulus Hopes Gather Steam

By Bhushan Akolkar Oct 6, 2020 • 3 mins read

The markets reacted positively to the news of Trump’s discharge and on the hopes that the stimulus deal is likely to be approved faster. All major indices on Wall Street gained 1.5-2.5% on Monday.