Baidu, AMD sign agreement to advance GPU computing
After reporting a 83% y-o-y increase in Q2 net income, the stock of Baidu Inc (NASDAQ: BIDU) has rocketed by about 20% to record a yearly high of $239 last week. A decline in general and traffic acquisition costs enabled
Read MoreIBM bets on block chain & AI initiatives for future growth
In mid-July, software company International Business Machines (NYSE: IBM) reported a decline in the fiscal 2017 second-quarter revenues, compared with the corresponding quarter of fiscal 2016. The 21st sequential decline in quarterly revenue prompted a sell off that saw the
Read MoreWells Fargo faces investigation over mortgage practices
Barely three months before, Wells Fargo & Company (NYSE: WFC) agreed to pay $110 million to settle the lawsuit related to unauthorized accounts scandal. However, the stock did not decline much due to the Trump rally and the US Fed
Read MoreIntel to lose dominance in server chip market
The stock of the chip maker Intel Corporation (NASDAQ: INTC) has lost about 10% so far in June and currently trades at $34 levels. The stock started declining after Goldman Sachs warned investors from relying too much on FANG stocks.
Read MoreGE completes divestment of financial arm
General Electric (NYSE: GE), the largest manufacturing company in the US, reported fiscal 2016 fourth-quarter earnings of $3.49 billion or $0.39 per share on revenues of $33.1 billion, compared with $6.28 billion or $0.64 per share on revenues of $33.9
Read MoreIntel acquires Mobileye for $15.3 billion
Last week, chip maker Intel Corporation (NASDAQ: INTC) announced its decision to acquire an Israel-based company Mobileye, a self-driving car data provider. Considering the growth prospects, which is detailed below, we forecast an uptrend in the stock price in the
Read MoreTwitter targets e-sports viewers by partnering with ESL
The stock of social networking service provider Twitter Inc (NYSE: TWTR) hit a three month low of $14.94 last week. Ironically, on February 9th , the company had posted fiscal 2016 fourth-quarter earnings that surpassed analysts’ estimates. However, Twitter’s Q4
Read MoreDeutsche bank reaches agreement with DOJ on mortgage case
There were two major scandals that shook the banking and finance industry in the last decade. They are interest rate rigging and selling of high-risk mortgage securities to unsuspicious investors. Unfortunately, the prime offender in both the scandals was Deutsche
Read MoreUK Survey Reveals Economic Uncertainty Impacting Businesses
A recent survey has indicated that British business leaders are putting on hold hiring and investment decisions, in line with the predications made prior to the referendum. Around 1,000 business leaders were surveyed by the Institute of Directors (IoD) in
Read MoreCarsten Kengeter Believes LSE & Deutsche Boerse Must Merge
The head of German’s stock exchange has said that unless the proposed merger between London Stock Exchange (LSE) and the German stock exchange Deutsche Boerse succeeds, American entities will take control of the LSE. The two exchanges came to an
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