Month: October 2019

Samsung Electronics on Tuesday predicted its operating profit for the last quarter will fall by more than half from a year earlier amid sluggish global demand for computer chips. The South Korean technology giant estimated an operating profit of 7.7 trillion won ($6.4 billion) for the July-September quarter, which would be a 56.2% drop from the same period last year. South Korea’s biggest company is suffering from the slowdown in its core industry, though analysts say the demand will likely revive as next-generation networks are rolled out. …read more […]

(Bloomberg) — Stocks rose in Asia with U.S. futures following confirmation from China about the country’s high-level delegation heading for trade talks with the U.S. in Washington later this week.European futures also advanced, while the yuan rose in Shanghai. Treasury yields ticked up. Equity benchmarks saw solid gains from Tokyo and Seoul to Shanghai and Hong Kong — where trading showed little concern about the violence in public protests. Crude oil gained to around $53 a barrel in New York.Technology shares led gains in Asia in the wake of Samsung Electronics Co. posting earnings that beat analyst estimates, with news …read more […]

Q2 2019 ViewRay Inc Earnings Call …read more […]

Mike Casey wades into the thorny issue of the U.S. government settlement struck with blockchain startup Block.one over its EOS ICO. …read more […]

(Bloomberg Opinion) — It’s now been a week since mass protests sprang up in southern Iraq, sparking unrest that has left dozens dead and continues to flare. What began as spontaneous expressions of discontent over high unemployment, government corruption and Iranian involvement in Iraqi affairs has quickly turned into a movement that could soon have severe consequences for global oil markets. This new danger comes just as supply concerns following last month’s attacks on a key Saudi Arabian facility have begun to die down.Southern Iraq is home to most of Iraq’s oil industry and the protests have reached the city …read more […]

(Bloomberg) — Masayoshi Son’s startups have had a rough few months, from a botched initial public offering by WeWork to a sharp decline in shares of Uber Technologies Inc. Now analysts are beginning to calculate that the damage for Son’s SoftBank Group Corp. will likely reach into the billions of dollars.Mitsubishi UFJ Morgan Stanley Securities Co. cut its profit estimate for SoftBank’s Vision Fund, its main investment vehicle, by 580 billion yen ($5.4 billion) to an operating loss of 367.6 billion yen for the September quarter, citing declines in the stock prices of Uber and Slack Technologies Inc. and the …read more […]

The big shareholder groups in Galaxy Resources Limited (ASX:GXY) have power over the company. Insiders often own a… …read more […]