Archive

Salesforce beats 1Q19 EPS Estimate, Lifts FY19 Outlook

  Cloud computing company salesforce.com, inc. (NYSE: CRM) reported a better-than-anticipated fiscal 2019 first-quarter results, with the company’s CEO Marc Benioff highlighting the growing success of AI platform Einstein. Salesforce also provided an upbeat second-quarter guidance while raising fiscal 2019

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Political Uncertainty in Italy Weakens Euro

  The lower-than-anticipated Eurozone manufacturing PMI and services PMI has turned the euro dollar weak against the G10 rivals. Further, the uncertainty in Italy has fuelled the decline. The yen is strengthening due to a decline in the US yields

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The Leading Cryptocurrency Stories for 30th May 2018

The cryptocurrency market continues to remain bearish, with almost all the major tokens near their 2018 lows. However, events related to blockchain technology are conducted with enthusiasm. The BlockShow Europe 2018 conference took place in Berlin for two days beginning

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Freeport To Gain From Settlement Of Grasberg Mine Issue

  Rio Tinto, an Anglo-Australian mining giant, has confirmed its intention to sell the stake in Indonesia’s Grasberg mine for $3.5 billion. The world’s largest gold and second-largest copper mine is currently owned by PT Freeport Indonesia, a subsidiary of

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Pound Signals Reversal On Strong Mortgage Approval Data

  Lower-than-anticipated manufacturing and services PMI data reported early May weakened the Pound against the greenback. The downtrend was also aided by a better-than-anticipated unemployment claims and a narrowed trade deficit in the US. However, we expect a reversal in

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The Leading Cryptocurrency Stories for 28th May 2018

The cryptocurrency market has remained bearish for the past week. The reports of investigation by the Department of Justice into alleged price rigging practices in the cryptocurrency market have turned the mood sober. However, there is no let up in

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HPE Beats 2Q18 EPS Estimates, Raises FY18 EPS View

  IT solutions provider Hewlett Packard Enterprise Co (NYSE: HPE) reported a better-than-anticipated fiscal 2018 second-quarter results. The company also posted a GAAP net profit in the April 2018 quarter, compared with a net loss in the similar period last

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Euro Turns Weak On Poor PMI Data

  Earlier this week, the EURNZD pair started declining after news broke out that Italy’s next Prime Minister will be Giuseppe Conte, who is backed by Five Star Movement (M5S) and the far-right. Both parties have an anti-EU stance and

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The Leading Cryptocurrency Stories for 23rd May 2018

The cryptocurrency market remains range bound since the beginning of this week. The market really needs a big news for large players to enter again. The cryptocurrency community, however, is hopeful of a big breakout in early June as many

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GE Transportation To Merge With Wabtec In $11.1bn Deal

  Yesterday, General Electric Company (NYSE: GE) announced a deal to merge its transportation business, which manufactures train engines, with Wabtec Corp, an equipment manufacturer for the rail industry, in a deal worth $11.1 billion. In addition to the $2.9

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