FedEx released its official report for the end of its first fiscal quarter and the figures fell below expectation, driving FDX stock down almost 10%. The company has now lowered its earning expectation for next year.
Gitlabs just received $268 Million in Series E funding, which pushed startup’s valuation past $2.75B ahead of the planned IPO. Is remote working the new order of the day? How will its business model hold up post-IPO?
Bill Gates is extremely bullish on the stock markets and his investments have paid off, adding $16 billion to his net worth, regardless of his philanthropic efforts worth $35 billion. Gates is still the world’s second-richest man.
The VanEck Solid Bitcoin Trust decided to withdraw its Bitcoin ETF proposal filed earlier this year on January 30, 2019. The withdrawal comes just a month before SEC’s final deadline of the verdict.
Days earlier than its official launch date, Apple has given iOS 13 users the opportunity to enjoy the Apple Arcade before others. Users will have the opportunity to enjoy all more than a hundred games for free, for a month.
The cancellation of the WeWork IPO by the We company is expected. The big question is: will WeWork survive this? Apparently, too many bad management decisions have a lot to do with the problems that Wework finds itself in.
Nissan previewed its new EV to the car industry that is said to have a 300-mile range. Experts say that this puts other car manufacturers on thin ice, especially Tesla.
Popular Bitcoin Bull and Fundstrat exec Tom Lee, has said that there is a correlation between the equity market and the Bitcoin market. Lee says that Bitcoin with reach a new all-time high after the S&P 500 stock does as well.
Apple’s new iPhone 11 is experiencing a strong showing and could be the next big thing for Apple in China. The company is expected to absorb the US-China trade tariffs to keep business up and customers as well.
Global prices of crude oil have jumped shortly after major Saudi oil processing plants took several hits from drone attacks. Analysts believe that this attack will like cause serious issues in global crude oil circulation.
Square’s cryptocurrency-friendly payment app Cash App is reportedly testing a new feature allowing customers to buy and sell stocks. The startup’s employees began testing the new feature in recent weeks.
Teeth-straightening provider SmileDirectClub late Wednesday announced that its class A shares were priced at $23 a share, slightly above the $19- to $22-a-share range it had said it would be targeting. But yesterday its shares went down.
Spotify has acquired SoundBetter Music Production Marketplace aiming to diversify its business model from overdependence on music streaming services to enhance its relationship with content creators.
Self-driving car company, Voyage, has pulled in additional funding in a Series B round. The CEO has said that the funds will be directed not only at increasing the company’s staff strength, but also the quality of its service.
The Huobi Group plans a backdoor IPO after acquiring a controlling stake in Hong Kong-based electronics manufacturer Patronics Holdings, a public listed company on HKEX.