US bill to force Chinese firms to delist from stock exchanges should be welcomed, says ETF founder
Kevin Carter, CEO of the EMQQ ETF said such a law if implemented will help "flush-out several ‘bad-actors’ in the space and help validate the rest”
Company
Memex Automation
CVE:OEE
Memex Automation is the leader in real-time shop-floor-to-top-floor technology solutions. Memex’s flagship product MERLIN delivers Overall Equipment Effectiveness (OEE) metrics in real-time, enabling manufacturers to enhance production and increase income and profits from operations.
666 stories · page 5 of 7
TikTok sale will need to provide substantial benefit and security to US, says Trump
Trump’s comments followed an executive order earlier this month ordering US firms to stop doing business with the app by September 15, citing concerns it is harvesting data which can then be used by Chinese spy agencies
US TikTok and WeChat bans hit Chinese tech giants
Donald Trump has ordered US business to stop doing business with the two apps within the next 45 days as the relationship between the world's two largest economies continues to deteriorate
Microsoft continues TikTok takeover talks after Trump's thumbs-up
Other investors in ByteDance were reported on Friday to also be putting together a potential bid for TikTok, with a valuation of around US$50bn
Microsoft sees cloud computing business Azure post under 50% quarterly sales growth for first time
For its fourth quarter to June 30, 2020, revenue in Microsoft’s Intelligent Cloud segment rose by 17% to $13.4 billion, with 47% growth in Azure
Microsoft plans to give journalists the boot and replace them with robots
The computing giant is reportedly planning to use AI to curate stories and headlines on its MSN website as part of an ongoing evaluation of its business
Microsoft cloud sales get big boost in demand from lockdown workers
“We’ve seen two years’ worth of digital transformation in two months,” said chief executive officer Satya Nadella
S&P/ASX 200 futures down as markets become eerie, Trump to speak pre-market
Last Friday the S&P 500 closed down 4.34% and the Nasdaq Composite closed down 2.30%.
Microsoft warns it will miss guidance as coronavirus disrupts supply-chain operations
The firm told shareholders that it likely will not meet its quarterly revenue guidance for its PC segment
Microsoft posts stronger-than-expected Q2 results, ups Q3 revenue guidance
The software giant revealed 14% year-on-year growth in second-quarter revenue to $36.91 billion, better than the $35.68 billion expected by analysts
Microsoft tops expectations as cloud computing boosts earnings
The computing giant reported first-quarter earnings of US$1.38 per share, above analyst predictions of US$1.25, while revenues came in at US$33.06bn compared to estimates of US$32.2bn
Microsoft boosted by approval of new $40 billion stock buyback program, 11% dividend hike
It is the third time the software giant’s board has authorized a buyback plan of that size, having previously done so in 2013 and again in 2016
AT&T jumps after activist investor announces $3.2B stake, pens open letter calling for restructuring
Elliot Management Corp predicted shares could reach $60 by the end of 2021 under its "Activating AT&T" plan
Rival streaming services could cost Netflix 65% of its viewing hours, says Wedbush
The launch of rival streaming services by the likes of Disney and NBCUniversal was expected to result in a slow bleed of content away from Netflix's service
GAME Digital is a high-profile casualty of a revolution in the video game markets
The high street retailer has borne the brunt of an increasing swing from physical disks to digital video game sales
Hardware & electrical equipment
Facebook unveils new Libra cryptocurrency
The social media giant unveiled the digital currency in a whitepaper on Tuesday, with an official public launch planned for next year
IPO Roundup: Avantor, Bricktown Brewery and Fastly among this week’s hot IPOs
Over half a dozen IPOs are expected to price, including two pharmaceutical firms, an American comfort food chain, and a Chinese challenger to Starbucks
Hardware & electrical equipment
Apple breaks through US$1trn and reclaims its number one position
The tech giant reclaimed its position as the world’s most valuable publicly-traded company when trading opened on Wall Street
Investments and investor services
LATE MOVERS: 3M shares plummet after guidance cut; Xilinx falls double digits on Solarflare acquisition
Also moving Thursday were Facebook, Nokia, Tesla, Microsoft and Lam Research
Hardware & electrical equipment
Microsoft flies above $1trn high as cloud lifts earnings
The Windows software developer is currently the most valuable company in the world
Archive
FTSE 100 ends lower as US stocks retreat after mixed tech earnings
The FTSE 100 index closed 37.62 points, or 0.5% lower at 7,434.13, albeit above the session low of 7,405.99 as US stocks continued to post big falls on Thursday
Canadian stock markets close down as Bank of Canada holds interest rates steady
Canadian economic growth during the first half of 2019 is now expected to be slower than anticipated in January, the Bank said in a statement, citing oil price declines and a backlog in exporting crude oil as key reasons why investment has
LATE MOVERS: McDonald's stock hits all-time high as Wells Fargo boosts target; New Age Beverages extends licensing agreement with Bob Marley's family
Also moving Wednesday were AT&T, Boeing, Anadarko Petroleum and Snap
Hardware & electrical equipment
WANdisco loses its groove as losses widen
The IT firm reported a pre-tax loss for the year of US$19.4mln, wider than the US$14mln loss the year before, while revenue fell to US$17mln from US$19.6mln
Archive
FTSE 100 closes in the red as resource stocks come off the boil
After hitting a six-month high on Tuesday afternoon, London's blue-chips took a step back on Wednesday
Video game firms set to level up as Apple and Google change the rules with streaming services
Last month, the two heavyweights unveiled Apple Arcade and Google Stadia, video game streaming systems that could potentially change the market forever
Investments and investor services
US automakers face diminishing March sales as consumers ditch passenger vehicles
Consumers frequently opted for SUVs and trucks, which are more profitable for manufacturers
Investments and investor services
S&P/ASX 200 trends steadily higher led by Energy and Materials
The ASX200 is up 17.1 points or 0.30% higher to 6,153.1.
Uber picks NYSE for its US$120bn IPO next month – media reports
The ride-hailing app giant is set to list on the New York Stock Exchange in April, according to Bloomberg, which cited people familiar with the matter
Google’s Stadia platform promises to up-end the gaming industry, but what does it mean for investors?
Stadia promises a paradigm shift for the gaming industry, which has already in recent years seen huge incursion by smart phone games like Candy Crush
Medigus Ltd stock rockets after it cuts deal with Linkury to establish e-commerce platform for CBD products
The companies will jointly invest $500,000 in the venture for building infrastructure and marketing
Inseego is a microcap play for the coming 5G revolution
The former Novatel Wireless has retooled itself for the Internet of Things and beyond
Hardware & electrical equipment
Microsoft shares slip on second quarter revenue miss
The results, which came in after-hours on Wednesday, reported revenues of US$32.47bn, up 12% year-on-year but just a touch below analysts' expectations of US$32.51bn
Hardware & electrical equipment
BIO-key says a 2nd defense contractor deploying fingerprint reader sign-in for Windows
The customer is facing a mandate for robust authentication to protect confidentiality, according to BIO-key
Hardware & electrical equipment
Amazon takes top spot as most valued firm, but what happened to Apple?
The iPhone maker and tech giant beat Amazon last year to be the first US$1trn firm in history, however a series of glum figures and a shock profit warning have cut its stock price by 36%
Amazon takes over from Microsoft as world's most valuable listed company
Amazon was valued at US$797bn when the US stock market closed on Monday
CryptoCann™ Report: Atari to offer blockchain-based games; former Miami Dolphin Ricky Williams launches CBD products line
Atari is teaming up with blockchain start-up Animoca Brands to create blockchain-based versions of mobile games 'RollerCoaster Tycoon Touch' and 'Goon Squad'
CryptoCann™ Report: AT&T and T-Mobile sued on behalf of victims of crypto theft; Marijuana legalization may be headed to Washington DC
Investors have lost digital assets via a SIM card swapping technique and a new lawsuit looks to hold telecom operators accountable
Hardware & electrical equipment
FAANG Report: Apple probing report Chinese made its watches; Facebook investors wary ahead of results
Facebook investors are hoping its results due out on Tuesday will not show any more nasty surprises after its toughest year as a public company
Hardware & electrical equipment
Microsoft tops 1Q estimates; analysts weigh in on its Azure cloud business
The tech giant’s cloud service Azure reported a 76% increase in revenue this quarter
EARLY MOVERS: Boston Scientific Corp slides before the bell despite earnings beat, while someone in South Carolina is a lot wealthier
Also in focus before the bell was AT&T Inc and delivery giant UPS. Both posted quarterly results.
Microsoft co-founder Paul Allen dies of cancer at age 65
Paul Allen persuaded friend Bill Gates to drop out of Harvard to start Microsoft in 1975.
Investments and investor services
Microsoft announces partnership and investment with Grab and said close to buying game studio Obsidian
Grab's base of operations in Southeast Asia contains more than 600 million people
Hardware & electrical equipment
FAANG Report: Amazon' could get hooked on advertising revenue; Netflix opening hub in New Mexico
Facebook has a new video portal, but can anyone trust the scandal wracked social media giant?
HBO KO's boxing after 45 years and 1,000 fights
Peter Nelson, the executive vice-president of HBO Sports, made the announcement Thursday
CryptoCann™ Report: AT&T to offer suite of blockchain solutions; WeedPass lets cannabis shoppers earn reward points
AT&T’s blockchain tech is designed to work with Microsoft’s Azure and IBM’s Blockchain platform
Shares in Cloudera soar after posting smaller-than-expected loss for the fiscal 2Q on subscription revenue
The cloud software company also raised its full-year guidance to reflect higher projected subscription revenue
Taptica reports strong earnings from Tremor business as long-term strategy shifts toward brand advertising
The mobile advertiser is placing itself at the forefront of the digital revolution as companies and brands increasingly look to the web as the next forefront of advertising
CryptoCann™ Report: Alibaba holds top spot for blockchain patents; Cronos inks deal for lab-grown cannabis
Cronos is partnering with Boston-based biotech Gingko Bioworks to develop lab-grown cannabis
Hardware & electrical equipment
LiveTiles adds ex-Microsoft director to fold after nearly tripling revenues to $15 million
The ZenDeals founder was principal software development engineering lead at Microsoft until December last year.
Hardware & electrical equipment
FAANG Report: Facebook calls for tech summit on 2018 election meddling; Apple pirates Tesla employees
Amazon and other large companies should cover the cost of food stamps, Netflix shares get an upgrade
NetApp fiscal first-quarter beats on both earnings and revenue driven by cloud
Oppenheimer maintained a Perform rating, keeping watch on the company's growth through cloud initiatives
Archive
CryptoCann™ Report: Crypto investor sues AT&T for US$224mln over loss; Tidal Royalty inks deal with Illinois Cannabis Company
Tidal Royalty will provide Illinois Cannabis Company with financing in exchange for 15% of net sales royalty
CryptoCann™ Report: Bitcoin ETF dreams dashed again; Medical cannabis company Vireo Health to go public
Minneapolis-based Vireo Health plans to go public on a Canadian exchange
Daily CryptoCann™ Report: Starbucks and Microsoft team up to develop a crypto platform; High Hampton acquires edibles company Caligold
The companies are working together on Bakkt, a platform designed to make cryptocurrency easier to use
Symantec Corp shares on the slide as its outlook misses estimates, while CBS shares also under pressure: PRE-MARKET MOVERS
The share drop came as the cybersecurity focused firm's outlook fell short of Wall Street estimates
Hardware & electrical equipment
ShotSpotter beats second-quarter estimates, forecasts profitability by its fourth quarter
The gunshot detection solutions company also upped its full-year revenue guidance
Hardware & electrical equipment
AT&T beats Wall Street estimates on earnings, sees strong subscriber gains
The telecom company added 73,000 postpaid subscribers in the US
Hardware & electrical equipment
Apple versus Amazon.com: Which company will hit a market cap of US$1 trillion first?
Investors watched the market-cap battle between Amazon and Apple in full swing last week after Amazon's shares hit US$1,858.88
Hardware & electrical equipment
ShotSpotter offers plenty of upside for investors ready to pull the trigger
This fast-growing microcap is likely on its way to becoming a much larger midcap growth stock
Hardware & electrical equipment
Microsoft beats Wall Street estimates in its fourth quarter as cloud business booms
The tech giant's cloud business led to a 10% jump in profit
Facebook mulls plan to switch to Google for cloud storage
Shares in new tech darling Dropbox Inc dropped on news it was being dumped in favor of Google
PRE-MARKET MOVERS: Investors lose appetite for McDonald's amid stomach illness outbreak, but big bank JPMorgan Chase gains ground
Also in focus in pre-market trade is AT&T Inc, Time Warner and PNC Financial Services Group Inc
PRE-MARKET MOVERS: Darden Restaurants dances higher in pre-market as fourth quarter numbers cruise past estimates
Also before the bell heading higher are Barnes & Noble Education Inc and Kroger Co.
PRE-MARKET MOVERS: Boeing Co flying higher before the bell after FedEx deal; Sarepta Therapeutics also higher
Also in play in pre-market before the New York bell is AT&T Inc and Sarepta Therapeutics Inc
Hardware & electrical equipment
How long can tech companies support the market rise?
The US market's rise this year has been FAANGtastic but it might be papering over the cracks in the rest of the market
Trade wars, rate rises, profit warnings ... is it all about to kick-off?
Sooner or later the bull run will end but it has always been notoriously difficult to time the market; however, investors have more than a few reasons to feel nervous now
PRE-MARKET MOVERS: Time Warner tracks higher ahead of the bell, but Genco Shipping sinks
Etsy Inc and Adobe Systems are also in the frame before the New York bell
Hardware & electrical equipment
Microsoft throws down big challenge to Amazon with checkout-free retail
The Redmond-based software giant has been talking to Walmart about using the tech, which will rival Amazon’s own Go initiative
Clash of the (media) titans: What drove the Fox, Comcast, Disney bidding war over Sky?
What started out as a seemingly mundane takeover of the British broadcaster escalated into a massive bidding war between three media giants, but how did it get to that point?
H&R Block shares roll much lower in pre-market, but Twenty-First Century Fox leaps
Also in the frame before the bell were telecoms firms Comcast Corp and Chinese telecoms ZTE Corp
Facebook admits user data was shared with Chinese smartphone maker Huawei
U.S. officials have expressed concern that the Chinese government is able to receive information from Huawei's smartphones
Hardware & electrical equipment
Microsoft acquires coding platform GitHub, scaring away some developers
Rival coding platform GitLab said it's seeing more users switching over to its service
Facebook responds after getting tangled up in another data-sharing scandal
Device makers were allegedly able to access users' friends' personal information
Investments and investor services
Small-Cap Snapshot: America’s Car Mart revs up earnings, blockchain meets freight transportation
Roadrunner Transportation Systems joined the Blockchain in Transport Alliance in an effort to apply the technology across the industry
Builders and building materials
Dycom Industries shares fall after an earnings miss and lowered guidance
Net income in the quarter came in less than half of what it was in the same period a year ago
Is the Team17 float an upward or downward indicator for the video game sector?
With an expected market cap of around ten times its 2017 earnings and a booming UK gaming sector, is the Team17 float the sign of a golden age or a coming crash?
Comcast reportedly seeking support from banks to start a bidding war over 21st Century Fox assets
Rupert Murdoch may well like the idea of a bidding war for the assets he has agreed to sell to Walt Disney but as the Scots might say, Walt disnae ...
Investments and investor services
Mixed start expected ahead of GDP data as Amazon continues its quest to conquer the world
Tech giants old and new - namely Microsoft, Intel and Amazon - were tearing it up in pre-market trading after upbeat trading statements.
Sprint, T-Mobile US shares rise on report that they are close to completing merger terms
Reuters says T-Mobile and its majority owner, Deutsche Telekom, are finalizing a debt package to fund the deal
FTSE 100's dollar earners enjoy sterling's day of misery on the forex markets
The FTSE 100 index managed to finish just above 7,500, helped by sterling's dive on the foreign exchange markets
Microsoft reports strong third-quarter earnings, boosted by its cloud services
The software company's cloud services segment beat revenue estimates
Morning Earnings Roundup: Several Dow 30 companies beat Wall Street expectations
Dow 30 companies Caterpillar, Coca-Cola and Verizon beat consensus estimates in the first quarter
Sprint, T-Mobile shares soar on revived merger talks
A marriage would give the combined companies 100 million customers, putting the new entity ahead of AT&T and behind Verizon
AT&T Inc. aims to raise as much as US$653mln in IPO of Vrio Unit
Vrio is the holding company of AT&T's DirecTV Latin American business
Dow Jones posts triple digit gain and tech stocks rebound
The Nasdaq index on Wall Street added over 71 points to close at 6,941.
US stocks finish lower as tech sector weighs
A look at US and Canadian markets as the day progresses
Wall Street shares fall sharply, taking afternoon dive
A look at Wall Street and Bay Street shares on Tuesday as the session continues
Dow Jones surges 670 points as buyers come back to Wall Street
A look at the New York and Toronto markets as the session progresses on Monday
Hardware & electrical equipment
Oracle, Blackberry, Microsoft Corp and more - AFTER HOURS
A look at the after hours trade on Wall Street, New York
Oracle under the cosh as it posts quarterly loss and disappointing revenues
Oracle swung to a net loss as it took a one-off US$6.9bn charge resulting from the US tax reforms
US benchmarks tank and Facebook's daily decline is worst for four years
A look at the US and Canada markets as the day progresses..
Stitch Fix , Time Warner, AT&T and more - AFTER HOURS
A look at what was moving the needle after hours in New York
Connected IO opens new sales channel through deal with major US telco
Cisco (NASDAQ:CSCO) predicts there will be 50 billion connected devices by 2020.
Archive
Proactive news snapshot: HemoGenyx Pharmaceuticals, Summit Therapeutics, Savannah Resources …
A glance at some of the day's highlights from the Proactive Investors newswire
Investments and investor services
AA PLC left in the lay-by after Berenberg says turnaround plan has stalled
Also featured: Dechra Pharmaceuticals, HemoGenyx, PCG Entertainment, Chariot Oil & Gas Limited, Provident Financial, Hiscox, Collagen Solutions, Summit Therapeutics and Conroy Gold
FTSE 100 closes higher but below 7,300, as Wall Street heads north
London's blue-chips closed up around 45 points but below the 7,300 level
Merlin Entertainments shares rise after US activist investor takes stake
The investor that pushed for changes at Rolls-Royce and Microsoft has bought a stake in Merlin Entertainments but the company is understood to be "not alarmed"
Investments and investor services
FTSE 100 ends in red after lacklustre session
The FTSE 100 extended the morning's losses toe end the day 47 points lower at 7,247
S&P/ASX 200 holds well in afternoon trade, Bitcoin claws back
A government-appointed inquiry into the nation’s financial industry has started.