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.
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.
Having listed a tokenized security for trading, Seychelles-based stock exchange MERJ has become the world’s first exchange to do it.
Disney missed Wall Street expectations in its Q3 earnings report. DIS stock fell 3.7% in after-hours trading. Disney blamed the earnings miss on the ongoing integration of Fox’s entertainment assets, which it acquired in a $71B deal closed in March.
Tesla (TSLA) project Dojo was revealed during the recent Tesla Autonomy Investor Day held a few weeks ago. Elon Musk mentioned the Dojo as the key to labeling visual data, which is currently a very difficult task.
Following China’s extreme devaluation of the Yuan, the U.S. Treasury Department has labeled China a “currency manipulator.” Global stocks are already taking hits and economists believe a global recession is likely.
Global markets, mostly in Asia, are beginning to feel serious impact from the China-U.S. trade war as stocks set record losses, triggering emergency meetings and threats of protest.
Stock markets including the Dow and Nasdaq were hit with losses after U.S. President Trump announced a 10% increase in tariffs of about $300 billion worth of Chinese imports. Several retail stocks were also affected.
Fortnite superstar Tyler “Ninja” Blevins left Twitch and is taking his video game live streams to Microsoft’s Mixer platform, a stunning switch that could have wide-ranging consequences for the rapidly growing industry.
Beyond Meat prices its secondary stock offering at $160, six times the price of its IPO. The share price is an 18.6% discount from the stock’s closing price on Wednesday.
Google’s parent Alphabet became the most cash-rich company in the world during the second quarter of 2019, taking Apple’s long-held crown. Alphabet apparently has $117 billion in cash, while Apple has $102 billion.