Trading Ideas
Facebook lost one million monthly active users to GDPR
The European Union’s General Data Protection Regulation had a tangible impact …read more […]
Month: July 2018
Trading Ideas
How Worried Should Investors Be About Facebook's Slow Q2 User Growth?
Shares of Facebook (FB) sank after the company reported lower-than-expected earnings and revenue results in the second quarter. Investors were also likely upset to see some of Facebook’s user figures. …read more […]
Business News
Qualcomm walks away from NXP deal as China-U.S. trade tensions grow
Qualcomm Inc , the world’s biggest maker of chips for mobile phones, said on Wednesday it would drop its bid to buy Dutch chipmaker NXP Semiconductors after failing to secure regulatory approval from China against a backdrop of widening trade tensions.
Business News
Wall St. rises as Trump touts EU trade concessions
Wall Street’s major indexes rose on Wednesday as U.S. President Donald Trump secured concessions from the European Union on trade.
Business News
Mondelez profit beats on higher chocolate sales, cost controls
Mondelez International Inc on Wednesday reported a better-than-expected quarterly profit as it sold more Cadbury chocolates and Oreo biscuits in Europe and North America, while keeping a lid on costs.
Business News
Chipmaker AMD’s second-quarter revenue, profit tops estimates
Advanced Micro Devices Inc beat analysts’ estimates for quarterly profit and revenue on Wednesday, as a rare surge in demand for personal computers boosted sales of its processors as well as graphics chips used in computers and data centers.
Business News
AMD’s second-quarter revenue rises 53 percent
Chipmaker Advanced Micro Devices Inc’s quarterly revenue rose 53 percent on Wednesday, as a rare surge in demand for personal computers boosted sales of its processors and graphics chips used in computers and data centers.
Business News
PayPal quarterly profit beats estimates
PayPal Holdings Inc on Wednesday reported a second-quarter profit that beat analysts’ expectations as the company processed more payments for merchants and consumers.
Business News
Facebook’s disappointing report hits rest of FANG
FANG stocks taking a hit in after hours trade on Wednesday after Facebook’s Q2 report badly disappointed investors
Business News
U.S.-EU trade deal pushes stock rally to fourth day
Global stocks extended their rally into a fourth consecutive day on Wednesday after U.S. President Donald Trump and the European Union reached an agreement that investors hope will avert a trade war.
Business News
EU offers trade concessions in talks with Trump: Wall Street Journal
U.S. President Donald Trump has secured concessions from the European Union to avoid a trade war, the Wall Street Journal reported on Wednesday, citing an EU official who was in the room during talks between Trump and the EU’s Jean-Claude Juncker.
Business News
Visa quarterly profit rises 13 percent
Visa Inc , the world’s largest payments network, on Wednesday posted a 13 percent rise in quarterly profit, as strong economic growth globally helped fuel a booming credit card market.
Business News
Facebook disappoints on revenue, active users; shares fall 9 percent
Facebook Inc fell short of analysts’ estimates for monthly active users on Wednesday and reported lower-than-expected quarterly revenue, months after the social network became embroiled in a data scandal affecting millions of users.
Business News
Ford profit falls by almost half, misses Wall St. estimates
Ford Motor Co on Wednesday posted a second-quarter net profit that was down by almost half from the prior-year period, missing analyst expectations, due to a fire at a parts supplier that disrupted production of its popular pickup trucks, while falling sales and tariffs hurt the automaker’s business in China.
Trading Ideas
Qualcomm says it will drop NXP bid, barring last-second reprieve
BEIJING/NEW YORK (Reuters) – Qualcomm Inc (QCOM.O), the world’s biggest maker of chips for mobile phones, on Wednesday said it intends to drop its bid to buy Dutch chipmaker NXP Semiconductors (NXPI.O) after so far failing to secure approval from China against the backdrop of wider Sino-U.S. trade tensions. The $44 billion bid was the largest-ever merger in the semiconductor industry when announced in October 2016, just days before the election of U.S. President Donald Trump, and would hand Qualcomm a new market as growth in mobile phone demand slows. The deal became embroiled in a trade standoff …read more […]