Banks missing out on stock market gains
Despite record-setting growth in the stock market, US banks saw a 13% drop in equity trading revenue in 2016, according to data from the Office of the Comptroller of the Currency, a trend that has […]
Despite record-setting growth in the stock market, US banks saw a 13% drop in equity trading revenue in 2016, according to data from the Office of the Comptroller of the Currency, a trend that has […]
China’s Tencent Holdings Ltd has bought a 5 percent stake in U.S. electric car maker Tesla Inc for $1.78 billion. It is the latest investment by a Chinese internet company in the potentially lucrative market […]
Expected to be the world’s largest equity sale, Saudi Aramco (Private:ARMCO) has formally selected JPMorgan (NYSE:JPM), Morgan Stanley (NYSE:MS) and HSBC as international financial advisers for its IPO. The trio joins Moelis and Evercore, which […]
Facebook just made live streaming 360-degree video relatively easy. The feature is integrated in the app. You will need the equipment to capture the content such as the Insta360 Nano (for iPhone) and Air (for Android). Facebook recommends […]
Samsung Electronics has introduced its long-awaited pair of redesigned Galaxy flagship phones: S8 and S8+. They plan to begin taking preorders today and ship on April 21. Among the features on the curved devices: a […]
Elon Musk has helped to launch a new company called Neuralink and may play a “significant” leadership role in the venture, according to The Wall Street Journal. Neuralink is pursuing the opportunities with using brain […]
Jack Dorsey will do “whatever it takes” to make sure Twitter (NYSE:TWTR) and Square (NYSE:SQ) do well. Amid calls for the tech founder to focus on one over the other. “I’m going to make sure […]
Barclays initiates coverage of Amazon with an Overweight rating and $1,120 price target, suggesting 30% upside. The 12-month bull case PT of $1,344 is close to 60% upside. Amazon, says the team, is likely to be one of […]
Tesla (NASDAQ:TSLA) will begin taking orders for its solar roof tiles next month, CEO Elon Musk tweeted on Friday. TSLA introduced the solar-powered roof shingles last October in leading up to the shareholder vote on […]
CEO Jack Dorsey bought $7M worth of TWTR shares this week. It is showing investors just how much confidence he has that Twitter can turn around its business. He tweeted about the stake on Valentine’s […]
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