2016
HSBC profit slid 29% in H1
HSBC posted a sharp 29% drop in first-half profit from a year before, citing a decline in activity, “spikes of uncertainty” associated with China’s slowing economy and questions arising from Brexit. The bank plans a […]
Polaroid goes digital with unique Swing
The company is getting a second chance at life with “Polaroid Swing,” which it recently launched and basically functions as a digital Polaroid. The app lets users take 60 frames in one second, capturing an […]
Fitbit’s revenues climbed by 46%
Fitbit (NYSE:FIT) topped earnings per share and revenue expectations for the current quarter. Revenues climbed some 46% from the same quarter in the prior year, but gross margin slipped 500 basis points to 41.8%. According […]
Is Instagram copying Snapchat?
Snapchat (SNAP) continues to gain momentum, particularly among the younger demographic. Last fall, Facebook’s (NASDAQ:FB) Instagram platform was the most preferred social media platform among teens, garnering 33% of first-place votes. That figure dropped to […]
Samsung introduced its new Note 7
Will Samsung (OTC:SSNLF) be able to turn the tide in the smartphone market? Well, at least in the U.S. that is? Globally, the South Korea-based company shipped some 90 million handsets in the second quarter […]
Korean inflation slipped to 0.7% in July
South Korea’s inflation rate cooled to a 0.7% pace in July, down from 0.8% in June. Slack oil prices contributed to the decline, leaving the rate at a 10-month low. Maeil Business Newspaper (South Korea) […]
Bitcoin sinks after hackers steal $65 Million
Bitcoin plunged after one of the largest exchanges halted trading because hackers stole about $65 million of the digital currency. Bitcoin slumped 5.3 percent against the dollar as of 10:17 a.m. on Wednesday in Tokyo, […]
Emirates said to be raising as much as $2.5 Billion for A380s
Emirates, the world’s biggest airline by international passenger traffic, is seeking to raise as much as $2.5 billion to fund the purchase of Airbus Group SE A380 superjumbos, according to two people with knowledge of […]