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Intel Corporation (NASDAQ: INTC) stock price regained upside momentum since it announced second-quarter results. The stock is up 15% in the last month alone. It is currently trading around $52, down slightly from 52-weeks high of $59 a share. Unfortunately, Citi sees limited upside potential for Intel stock price. Citi analyst Christopher Danely has set…
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NVIDIA (NASDAQ: NVDA) stock price lost almost half of its value during the last two months of fiscal 2018. Although it regained some momentum since the beginning of the year, the stock is still down significantly from 52-weeks high of $292 a share. The stock is currently trading below $200 level. The bearish trend in…
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Jack Ma, one of the most influential people behind e-commerce giant Alibaba, will step down as a chairman on Tuesday, leaving the company and the successor he picked himself with the task of managing the firm at a moment in time in which its core e-commerce business has considerably slowed down. Ma will be celebrating…
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American technology company Apple (AAPL) and its manufacturing partner Foxconn are reportedly breaking Chinese laws in an iPhone factory. China Labor Watch recently alleged that the companies are involved in labor rights violations in the country. Apple’s newest headache Every September, Apple holds grand events unveiling its new smartphones and other devices. However, this time,…
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The China Labor Watch advocacy group has released a damming report on labour laws violation by Apple, and it’s Chinese manufacturing partner Foxcom. According to the report released on Sunday, Foxcom is accused of not paying bonuses, failure to maintain safety training, and hiring more part-time employees as stipulated by Chinese law. The investigation was…
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Faith Birol, the executive director of the International Energy Agency (IEA), talked about Saudi Arabia’s appointment of a new energy minister. During a conversation with Bloomberg Markets and Finance, he has also talked about the challenges that Saudi Arabia and the region are currently facing. Weakening Oil Demand And Increasing U.S. Production Saudi Arabia’s King…
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In the last 5 years, many emerging economies around the world faced difficult economic situations. One of the main issues that these countries face is related to their currencies. Most of these nations do not have stable currencies that would allow them to have a prosperous economy and allow citizens to have a store of…
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An authorized voice is warning people not to get too excited about the bond yield bounce. According to Michael Schumacher, Wells Fargo’s Global Head of Rate Strategy, investors should be wary about the most recent rally in the U.S. Treasury yields. A pact reached by American and Chinese trade officials in which they agreed to…
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NetEase Kaola and Alibaba Group made a thrilling announcement that could change the cross-border e-commerce landscape in China. A multi-million-dollar acquisition NetEase Kaola has been acquired by the Alibaba Group for a whopping $2 billion. The platform will now be integrated within Tmall, the international-focused e-commerce platform from Alibaba, which will now become the largest…
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The Chinese cloud management service industry is growing in the right place and the right time. A new report from IDC shows that the market is growing very quickly at an unprecedented rate. New report reveals all In its China Cloud Management Services Market Share report for 2018, IDC notes that overall Chinese cloud services…
