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Uber Posts Widened First Quarter Loss and Exits the Bike and Scooter Business

  The ride-hailing giant Uber Technologies, Inc. (NYSE: UBER) reported fiscal 2020 first-quarter net loss that widened from last year, reflecting the biggest loss in three quarters. While the revenue surpassed the Street expectations, net loss per share missed forecasts

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Bristol-Myers Squibb Beats Q1 Estimates and Reaffirms FY 2020 Profit View

  Biopharmaceutical company Bristol-Myers Squibb Co (NYSE: BMY) swung to a GAAP loss in the first quarter of fiscal 2020. However, the company’s adjusted earnings and revenues surpassed Wall Street estimates. Bristol-Myers also reconfirmed its yearly adjusted profit outlook. The

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US ADP Non-Farm Employment Plummets 20.20mln in April

  The New Zealand dollar lost ground against the greenback yesterday despite the report of better-than-anticipated employment data. There were two reasons for the decline. Firstly, the weak price of dairy products which usually contributes a significant share of export

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MasterCard Joins Linux Foundation’s Data Privacy Project

  The cryptocurrency market is undergoing a minor technical correction, with all the major altcoins in negative region. However, Bitcoin (BTC) continues to hold above $9,000 level. In the past 24 hours, Bitcoin, which has a market capitalization of $168.19

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Pfizer Begins Human Trial of Covid-19 Drug in the U.S.

  Biopharmaceutical company Pfizer Inc (NYSE: PFE) has stated that it has started trialing a potential drug candidate for treating Covid-19 in the U.S. Currently, there is no FDA approved drug available for the treatment of Covid-19 and pharmaceutical companies

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Swiss Manufacturing PMI Declines to 40.7 in April

  The euro dollar declined against the Swiss franc yesterday following the release of better than anticipated Swiss manufacturing PMI (Purchasing Managers’ Index) data for April. Notably, the decline was aided by worse-than-anticipated Eurozone Sentix investor confidence for April.  In

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Nasdaq & R3 to Aid Creation of Institutional Class Digital Assets

  The cryptocurrency market continues to remain bullish, with Bitcoin (BTC) hovering around $9,000 levels. At the time of writing this article, Bitcoin was trading at $8,861.40, an increase of 1.3% in the past 24 hours. Ether (ETH) has gained

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Exxon Mobil Swings to Q1 Loss on $3bn Write-Down

  Energy giant Exxon Mobil Corp (NYSE: XOM) swung to a loss in the fiscal 2020 first-quarter as crude prices hit record lows. However, both revenue and non-GAAP earnings surpassed analyst’s estimates. The company also refrained from slashing its dividend.

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Twitter Q1 Beats On Earnings, Issues Vague April Outlook

  The social media platform Twitter Inc (NYSE: TWTR) reported fiscal 2020 first-quarter earnings that beat analysts’ estimates, despite the negative impact to its advertisement business due to the Covid-19 outbreak. Furthermore, considering the uncertainty in the business environment caused

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