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Kik, the messaging app that turned to develop its own cryptocurrency, Kin, will continue doing so after it recently changed its mind to cancel. However, this isn’t necessarily by the accord of the once owners. Instead, a new company, MediaLab, has purchased Kik and will ensure than Kin continues development. MediaLab, according to a blog…
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Citigroup Inc has released an internal memo on Thursday. Within, it reported that the US Bank’s Global Head of Financial Institutions Group, Peter Babej, will be changing job positions. He will take on the role of Chief Executive Officer of Asia Pacific. Babej had already been working for Citi since 2010, where he was hired…
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IBM (NYSE: IBM) stock price extends its calmness after experiencing robust growth in cloud revenues. Although its Q3 revenue and earnings fell short of estimates, growth from cloud revenue supported sentiments. IBM shares remain strong despite lower than expected financial numbers. IBM stock price currently trades around $140, down slightly from 52-weeks high of $150…
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The city of San Francisco wants to acquire assets and infrastructure of PG&E Corp. (PCG) for $2.5 billion but the latter rejected the bid to do so. Utility company still ailing Pacific Gas & Electric Co. CEO Bill Johnson said, while rejecting the city of San Francisco’s offer, said that the assets of the utility…
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Facebook (NYSE: FB) stock price rallied sharply since the beginning of this year. The shares have breached $200 level at one stage before retreating to $190 range. Its shares are up 35% year to date. Despite Libra related headwinds, the upside momentum is backed by traders’ confidence in future fundamentals. Increasing financial numbers are adding…
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Cisco (NYSE: CSCO) stock price retreated sharply from 52-weeks high of $58 that it had hit three months ago. In addition, CSCO shares are currently trading slightly high from this year’s low of $40. Trading around $46 analysts believes Cisco stock price is presenting a strong buying opportunity for long term investors. Analysts claim it’s…
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Facebook (NASDAQ: FB) continues to grow despite controversies regarding data management, user privacy, and the recently announced Libra digital asset. According to data provided by Statista, by the end of this year, Facebook could reach 2.5 billion active users per month. Facebook Close to 2.5 Billion Daily Active Users Facebook, the largest social media worldwide,…
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CVS Health Corporation (NYSE: CVS) stock price is trading well below from 52-weeks high of $82. Although the stock price stabilized slightly in the past couple of months, the shares are down 17% in the past twelve months. CVS shares are currently trading around $62, up slightly from 52 weeks low of $51. The financial…
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Reports surfacing from the US state that tech giant, Google, is looking to acquire Firework, a video based social media app that allows its users to share videos much like popular Chinese app TikTok. The Wall Street Journal reports that Weibo, a Chinese microblogging platform, has also shown interest in purchasing Firework, but talks between…
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Tesla Inc. (NASDAQ: TSLA) decided to expand into the Canadian market purchasing the battery manufacturing company Hibar Systems Ltd. Reports show the whole purchase procedure took place between July and October. A “Million-mile Battery” The main reason behind the recent acquisition is related to the intention of enhancing its battery manufacturing efforts and improve its…
