The Dow Jones Industrial Average fell 800 points on Wednesday. Investors sound their deep concerns about an upcoming recession.
It has been announced that the previously announced tariff on Chinese goods is postponed from September to December. It has a positive impact on the Dow Jones index.
Viacom and CBS announced a merger but it seems that the company will still be not big and powerful enough to be competitive with such giants as Netflix.
Grayscale, an investment firm, purports that Bitcoin is a sensible hedge against the growing market fluctuation catalyzed by the US-China trade conflict.
Overstock.com subsidiary tZERO announced that its preferred equity security tokens are now available to be resold to non-accredited investors.
The SEC has delayed its decision for listing VanEck to Oct. 18, while Bitwise’s listing on NYSE Arca will be delayed to Oct. 13. The decision on Wilshire Phoenix’s United States Bitcoin and Treasury Investment Trust has been postponed until Sept. 29.
AMD announced that Twitter and Google will be adopting the use of the Rome processor. This is a complete game-changer for Silicon Valley and speaks to AMD’s desire to take massive market share in the data center sector.
Rakuten Inc. reported an unexpected quarterly loss, hit by the depressed value of its investment in ride-hailing firm Lyft Inc. and heavy spending on a new wireless service.
Worldpay’s second-quarter earnings per share were of $1.24 that beat the average analyst estimate of $1.18. Though FIS and Worldpay are looking for diversification, just getting under the one roof won’t automatically maximize their value.
Uber has disclosed earnings for the second time since becoming a public company, reporting revenues of $3.16 billion on losses of $5.2 billion for the second quarter of 2019.
Overstock is opening up trading on its security token market, tZERO, to all traders. Retail investors will now be able to trade on the platform starting August 12.
It is said that Apple is being investigated by the Russian anti-monopoly watchdog. Kaspersky Lab filed a complaint pointing out that the company might be abusing its dominant positions in the market.
Robinhood, the stock trading app, has been approved by the U.K. regulatory instances to operate as a broker. This is a part of the company’s plans to set up a shop in London.
Lyft (LYFT) stock climbed 13% after hours but gave up early gains after the company announced share lock-ups would expire on August 19, 2019, rather than a previously scheduled date in September.
Amazon (AMZN) is on the hunt for a software development engineer to develop an Amazon advertising blockchain. They posted a job offer seeking for a development engineer for their advertisement blockchain.