Business News
Virus anxiety weighs on Asian stocks, boosts safe-haven bid
Asian stocks slipped while gold and bonds were in demand on Thursday as worries about the spread of a new virus from China sent investors heading for safety.
Month: January 2020
Business News
Samsung Electronics sees gradual chip rebound in 2020 after fourth-quarter profit plunge
Samsung Electronics Co Ltd said on Thursday it expects earnings to bounce back in 2020 after a fourth-quarter slump, helped by a gradual recovery in memory chip demand from data center customers and 5G smartphone makers.
Trading Ideas
Tesla Racks Up Another Record Year (and Another Loss)
(Bloomberg Opinion) — Three months ago, Tesla Inc. notched up a $9 billion gain in market capitalization in the immediate aftermath of reporting a $143 million quarterly profit. On Wednesday, it reaped $12 billion on $105 million. Don’t forget the $50 billion it racked up in between those dates, of course.Tesla’s market cap has more than doubled to more than $100 billion since reporting that surprise profit for the third quarter. Besides that boost to confidence, the company also managed to meet the low end of delivery guidance for the fourth quarter, started producing vehicles at its new plant in …read more […]
Trading Ideas
Edited Transcript of RMBS earnings conference call or presentation 27-Jan-20 10:00pm GMT
Q4 2019 Rambus Inc Earnings Call …read more […]
Business News
Facebook warns revenue growth slowing, costs remain high
Facebook Inc said on Wednesday that growth would continue to slow as its business matured and reported a surge in quarterly expenses, disappointing Wall Street expectations that the costs of improving privacy would level off.
Business News
Fed has a role in combating climate change risk, Powell says
While the overall U.S. response to climate change is up to elected officials, Federal Reserve Chair Jerome Powell said on Wednesday, the Fed can play a part in keeping global warming from destabilizing U.S. banks and financial markets.
Trading Ideas
Samsung Profit Falls 38% as Memory-Chip Slump Drags On
(Bloomberg) — Samsung Electronics Co. reported a 38% decline in profit as memory chip prices continued to decline and weak demand hit the display business.Net income came in at 5.23 trillion won ($4.4 billion) for the three months ended December, compared with the 5.31 trillion won average of projections. Samsung reported preliminary numbers earlier this month that showed operating profit fell by 34%.Samsung has been struggling with a stubborn slump in its memory chip business, historically its most profitable division, although the company said there are signs of recovering demand from data center customers and wireless operators. The company also …read more […]
Business News
Samsung Electronics says fourth-quarter profit slumped 34%, flags gradual chip recovery
Samsung Electronics Co said on Thursday its fourth-quarter operating profit slid by a third as the South Korean conglomerate soaked up a downturn in the memory chip market, but forecast a gradual recovery in chip prices this year.
Business News
CalTech wins $1.1 billion jury verdict in patent case against Apple, Broadcom
The California Institute of Technology said on Wednesday that it won a $1.1 billion jury verdict in a patent case against Apple and Broadcom .
Business News
Microsoft cloud revenue regains momentum, sending profit above Street estimates
Microsoft Corp on Wednesday reported quarterly sales and profit that beat Wall Street expectations, driven by the first acceleration of Azure cloud computing revenue growth in eight quarters amid a pitched battle with Amazon.com Inc’s cloud unit.
Business News
British car production falls at quickest pace since recession
British car output dropped last year at the fastest rate since the 2008-9 recession, hit by slumping exports and diesel demand, as an industry body called for an ambitious post-Brexit trade deal to protect the sector.
Business News
Tesla extends profit run, promises record production, driving stock up 13%
Tesla Inc on Wednesday posted the second quarterly profit in a row on record vehicle deliveries and said it would deliver more than 500,000 units this year, as the electric carmaker’s shares surged to new highs.
Trading Ideas
Amazon earnings, Q4 GDP: What to know in markets Thursday
E-commerce giant Amazon’s (AMZN) earnings and U.S. Q4 GDP take centerstage on a busy Thursday. …read more […]
Business News
Trading liquidity tops FX market’s concerns in 2020: survey
The ability to buy and sell foreign exchange whenever needed with minimal market impact is seen by currency traders as the biggest challenge for 2020, according to an annual client survey by JP Morgan published on Thursday.
Business News
Samsung Electronics fourth-quarter operating profit falls 34%, dogged by chip market downturn
Samsung Electronics Co Ltd said on Thursday its operating profit fell 34% in the October-December quarter, in line with its estimate earlier this month, as the South Korean conglomerate battled a downturn in the memory chip market.