Markets

May19, 2019

The One Trillion Dollars Razzmatazz

Only great mountaineers ever made it to the top of the highest mountains. We must give the tech giant's credit; they made it to the top of the mountains. But it is obvious that not even the best mountaineers can…
May17, 2019

Several Banks Have Been Fined More Than €1 Billion for Currency Rigging

The European Commission has fined five banks with a $1.1 billion fine for rigging the foreign exchange market. Barclays, RBS, Citigroup, JP Morgan, and MUFG are facing fines, while UBS won’t suffer financial penalties, since it alerted the European Commission…
Aug15, 2018

Bitcoin and Ethereum are both down significantly

What is the future for cryptocurrencies? At their highest points, Bitcoin and Ethereum were valued at $20,000 and $1,400, respectively. Since then, they have slid to $6,250 and $290, respectively. These 68 and 79 percent decreases have exemplified the rapid…
Jul27, 2018

Amazon beats Q2 expectations

Amazon continues to dominate Amazon exceeded investors’ expectations in the second quarter, causing their stock to jump almost four percent on Thursday. In fact, Amazon more than doubled analysts’ forecasts last quarter. They posted a $2.5 billion profit, $52.9 billion…
Jul26, 2018

Under Armour continues to struggle

Under Armour faces major cash problem On Thursday, Under Armour announced that it will add $80 million to its previous $130 restructuring plan. The sports apparel company also announced losses of almost $96 million last quarter, compared to just $12.3…
Jul26, 2018

Qualcomm will stop pursuing NXP

Qual-lateral damage Qualcomm announced in October 2016 that it would acquire NXP for $47 billion. However, the country still awaits China’s approval of the deal. Because of this, Qualcomm has decided to pull out of the acquisition. The tech firm…
Jul26, 2018

Facebook stock plummets

Facebook face-palm Before Facebook’s announcement late Wednesday, their stock was doing well. It rose just under one percent to give the company a new record high stock value of $216.30. But then, Facebook shocked investors, warning that sales will slow…
Jul17, 2018

Stock markets on the up-and-up

The stock market is currently thriving The Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all closed at brilliant levels on Friday. The Dow reached 25,000 points, its highest in the past 30 days. Secondly, the S&P 500 hit…
Jul12, 2018

ZTE stock rises

Can ZTE bounce back? China tech-firm ZTE saw its stock rise 25% on Thursday following a government announcement that the US ban will soon be removed. The US Commerce Department first created the ban on the tech firm because of…
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