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.
JPMorgan strategist team goes bullish on small and midcap stocks of firms with good balance sheet post-COVID-19, singles out Maisons Du Monde.
Revolut bank, Europe’s top digital bank recorded a loss of £106.5 million in 2019. The firm is confidence in turning a profit with its current performance.
CureVac B.V., a Dutch biopharmaceutical company, filed for an initial public offering on Friday, with plans to list on Nasdaq under the ticker “CVAC.” The company intends to sell over 13 million common shares at around $14 and $16 per share.
Apple Inc. (NASDAQ: AAPL) CEO, Tim Cook, has seen his wealth surge and achieved a dollar billionaire title. AAPL shares have been on the rise despite negative impact on its global smartphone shipments by coronavirus pandemic.
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Wedbush analyst Dan Ives remains optimistic about the launch of the upcoming iPhone 12 5G which will likely give a major boost to Apple’s revenue stream. He calls the upcoming iPhone flagship as a “defining chapter” in the Apple growth story.
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.