Archive

Microsoft Issues Q3 Earnings Warning on Virus Concerns

  Microsoft (Nasdaq: MSFT) announced on Thursday that it might miss the quarterly revenue outlook issued earlier for the personal computing segment, which includes Windows, tablets and Surface laptops. The company clarified that the likelihood of missing the earlier guidance

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Hong Kong Unveils HK$120bln Worth Stimulus Program

The US dollar rose against the Hong Kong dollar yesterday after the highly autonomous region under the direct control of Beijing unveiled HK$120 billion worth of stimulus measures to reboot the economy that plunged into a recession in the fourth

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New Zealand’s Taxman Suggests Elimination of Crypto Taxes

  The cryptocurrency market has entered into a bearish mode with Bitcoin (BTC) plunging below $9,000. In the past 24 hours, Bitcoin, which has a market cap of $159.06 billion, has lost 5.6% to trade at $8,690.62. Ether (ETH) has

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Wells Fargo To Shell Out $3bn to Settle Fake Accounts Scam

   The US Attorney’s Office said on Friday that Wells Fargo (NYSE: WFC) has agreed to settle the $3 billion fine and acknowledge misconduct to close criminal and civil trials brought against them by the Justice Department and the

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German business confidence Improves Despite Virus Concerns

  The euro dollar remained range-bound against the Kiwi dollar yesterday as data from both Germany and New Zealand were better than economists’ expectations. While Germany’s business confidence improved slightly in February, the total retail sales volume grew in New

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Fidelity Buys 5.6% Stake in Crypto Platform Provider OSL

  The cryptocurrency market is undergoing a slight price correction as Bitcoin (BTC) struggles to cross above the $10,000 level. At the time of writing this article, Bitcoin has lost 3.1% in the past 24 hours to trade at $9,575.01.

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Dropbox Beats Q4 EPS Estimates, Reaffirms Q1, FY 2020 View

  The shares of Dropbox (NASDAQ: DBX) rose 19.96% or $3.74 to close at $22.45 after the Cloud storage company posted better-than-anticipated fiscal 2019 fourth-quarter results. The company also reaffirmed Q1, FY 2020 outlook. Notably, the stock surpassed the IPO

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Morgan Stanley Buys Discount Broker E-Trade For $13bln.

  Wall Street investment bank Morgan Stanley (NYSE: MS) is taking over E*TRADE Financial Corporation (Nasdaq: ETFC) in an all-stock deal worth $13 billion. The broking sector is going through a period of consolidation and huge changes in business models

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Turkish Central Bank Announces 6th Consecutive Rate Cut

  The greenback rose against the Turkish lira after the Central Bank of Turkey (Türkiye Cumhuriyet Merkez Bankası or TCMB) slashed interest rates for the sixth successive time, pointing to a rebound in economic activity and the necessity to maintain

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Enjin Rolls Out Gaming Collectibles platform on Ethereum

  The cryptocurrency market is undergoing a price correction after Bitcoin (BTC) failed to hold above $10,000. At the time of writing this article, Bitcoin has lost 5.4% to trade at $9,591.83. Ether (ETH), the native crypto Ethereum blockchain, has

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