Posts From Richard W

Richard W

Richard W

Richard is the guy who know everything there is about the financial industry, working in a top firm for over 15 years, he will give the lowdown on some of the biggest companies in the world

Intel Launches Densest Solid State Drive, Plans 10nm Chip

  Semiconductor chip manufacturer Intel Corporation (NASDAQ: INTC) has been on a decline due to rising competition from AMD. The stock was also downgraded by Barclays earlier this week, citing similar concerns. However, Intel is gearing up for the competition

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Apple Is On Course To Reach $1 Trillion Market Cap

  Shares of the world’s most valuable company and the iconic iPhone manufacturer Apple Inc. (Nasdaq: AAPL) rose 5.50% yesterday to close at 201.50, after the company reported exceptional third-quarter results that blew away analysts estimates and slow down concerns.

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Tesla Demands Refund From Suppliers To Boost Profits

  On July 1st, Elon Musk, the founder and CEO of electric car manufacturer Tesla, Inc. (NASDAQ: TSLA) tweeted that the California factory achieved the production target of 5,000 Model 3 in a week. The news boosted the stock price

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Pfizer Reorganises Company Into Three Major Divisions

  Pharmaceutical conglomerate Pfizer Inc. (NYSE: PFE) announced that it is reorganising its business into three units, a day after delaying drug price increases for a maximum period of six months, following opposition from the US President Trump for increasing

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Baidu Upgraded By KeyBanc Capital, Credit Suisse

  Chinese internet giant Baidu, Inc. (Nasdaq: BIDU) rose more than 3.50% yesterday to close at $251.77, after two major financial institutions issued a bullish view of the stock. Additionally, the latest developments discussed below indicate that the stock is

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Alibaba Launches Enhanced Cloud Computing Services

  China’s eCommerce giant Alibaba Group Holding Limited (NYSE: BABA) announced a range of expansion plans yesterday. Specifically, the plan focuses on advertising sector and cloud infrastructure services. Considering the long-term growth prospects, we are expecting the stock of Alibaba,

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Tesla Achieves Model 3 Weekly Production Target

  Elon Musk, the founder and CEO of electric car manufacturer Tesla, Inc. (NASDAQ: TSLA) tweeted late Sunday that the California factory achieved the production target of 5,000 Model 3 in a week. Musk also revealed that the factory manufactured

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Petrobras Sells Fuel Distribution Assets for $383 Million

  Petróleo Brasileiro S.A. (NYSE: PBR), popularly known as Petrobras, has lost most than 45% in the past one month, following the sudden resignation of its CEO Pedro Parente on June 1. The investors were concerned about the future of

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GE Divests Distributed Power Business For $3.25 Billion

  Industrial conglomerate General Electric Company (NYSE: GE) announced yesterday that it has entered into a deal with Advent International to sell the Distributed Power business for $3.25 billion. Notably, a month earlier, GE signed a $11.10 billion deal with

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Microsoft Acquires Educational Platform Flipgrid

  Software sector’s big brother Microsoft Corporation (Nasdaq: MSFT) has acquired Flipgrid, a social learning platform that facilitates students to make videos and share it publicly or privately using iOS and Android devices. Notably, a week before, the company finalised

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