Crypto Currency News
Walmart’s fourth-quarter results were a disappointment. Both top and bottom line numbers fell short of analyst expectations. Despite the obvious business slowdown, Walmart’s stock remains near its all-time high. Walmart’s stock price is becoming increasingly divorced from business fundamentals. This may be evidence that the wider market rally is nearing its end. Walmart (NYSE:WMT) is […]
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Netflix releases Q4 and full year financial results on January 21, the first set of results since Apple and Disney entered the video streaming fray. Growing competition requires a change of tact at Netflix. An ad-supported video streaming plan would come with risks but also opportunities that are hard to resist. The list of Netflix […]
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PlayStation reveals free PlayStation Plus games for January 2020. They are Uncharted: The Nathan Drake Collection and Goat Simulator. Sony continues streak of excellent PS Plus titles. PlayStation seems intent on starting 2020 in style. Uncharted: The Nathan Drake Collection and Goat Simulator are January’s duo of PS Plus free games. Although we’ve yet to […]
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Amazon has suggested FedEx’s services are below par. FedEx earlier in the year dubbed the company a rival. The courier firm expects to be “lapping Amazon” in the next fiscal year. When Amazon (NASDAQ: AMZN) blocked third-party merchants from using FedEx’s (NYSE: FDX) Ground and Home services to make deliveries to Prime customers, the implication […]
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Musk replied to Twitter user @TeslaTested who claimed Jim Chanos covered his short position after having lost $175 million. Jim Chanos has since dispelled the rumors. Questions surrounding Tesla’s accounting practices remain unanswered. CEOs of large cap companies don’t usually spend their time attacking short sellers. They know if their business performs well, it will […]
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OneConnect Financial Technology, the fintech arm of China’s largest insurance company, filed a prospectus on Wednesday for an initial public offering (IPO) with the U.S. Securities and Exchange Commission (SEC). The firm plans to list its shares on NASDAQ. OneConnect’s filing with the SEC today called for a target raise of $100 million, though that […]
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Buy price targets for Tesla stock range from $400 to $530. The ‘Made in China’ Model 3 is gearing for launch, although a date hasn’t been set yet. Next year the Model Y will be unveiled and Elon Musk has big hopes for it. Since Tesla’s (NASDAQ: TSLA) shares hit a low of $176 in […]
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Charter Communications (CHTR) has managed to keep up with Apple’s year-to-date performance. Furious buybacks since 2016 have helped keep the stock bullish. Strong upside potential and a parabolic structure are also driving CHTR’s surprising growth. Charter Communications, Inc. (NASDAQ:CHTR) is giving Apple (NASDAQ:AAPL) a run for its money. The telecommunications company is up by around […]
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Crypto exchange Bittrex is being sued over a SIM swap that netted criminals 100 bitcoin, currently worth nearly $1 million. The case resembles other recent high-profile heists in which a hacker seizes control of a victim’s cell phone to then loot online crypto accounts: the swap was from cellular carrier AT&T, money was taken from […]
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Tesla stock trailed the Nasdaq on Monday, dragging the tech-heavy index into decline despite gains in the Dow and S&P 500 This pullback was all about the fundamentals, not Elon Musk’s tweeting. However, the fallout from Musk’s Twitter antics didn’t help matters. Tesla stock dragged the Nasdaq lower on Tuesday, and in what feels like […]
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