Soaring monthly sales lift semiconductor industry in 2018
Worldwide semiconductor sales soared 9.8% to $37.7 billion in November 2018. However, this was 1.1% lower than the October sales,...
Finance
Wells Fargo to pay $575 million to settle US states claims
Wells Fargo & Co. (WFC) reached an agreement with the attorneys general from all 50 US states and the District...
Facebook stock falls on cryptocurrency plans, rating downgrade
Coinciding with the reports that Facebook (FB) is developing a cryptocurrency, brokerages on Friday downgraded the social media giant, sending...
Federal Reserve likely to lift rates by a quarter point
The Federal Reserve is widely expected to lift the key borrowing rate for the fourth time this year by a...
SoftBank Corp’s massive debut-day slump pulls down Tokyo market
SoftBank Corp, the telecommunications unit of SoftBank Group Corp, closed down 14.5% on its first trading day at the Tokyo...
Credit Suisse turns bearish on S&P 500 amid volatility, cuts price target
Wall Street is probably set for a not-so-impressive start to 2019, if the current trend is any indication. Compared to...
China’s Qudian announces 2019 outlook and new share repurchase program
Online platform for small consumer credit products in China, Qudian Inc. (QD), today posted its current operational outlook, especially in...
Bank of Montreal Q4 profit jumps 38%, beats estimates
Bank of Montreal, along with its subsidiaries is known as BMO Financial Group, (BMO) reported a 38% jump in earnings...
Royal Bank of Canada Q4 earnings beat as higher interest rate lifts margins
Supported by double-digit income growth in key business segments, Royal Bank of Canada (RY) Wednesday reported stronger than expected fourth-quarter...
Tesla stock falls on 70% sales plunge in China
In the world’s largest automobile market, China, Tesla (TSLA) managed to sell only 211 cars in October, Reuters reported on...
Bank of Nova Scotia posts Q4 revenue and earnings growth
The Bank of Nova Scotia (BNS), also known as Scotiabank, reported growth in revenue and earnings for the fourth quarter...
Logitech drops plans to acquire Plantronics
Logitech International SA (LOGI) dropped its plans to acquire Plantronics Inc. (PLT) over price issues, according to a report by...
Goldman Sachs sees good time for commodities post G20 summit
According to Goldman Sachs, oil, gas and base commodities will position themselves as attractive investments as it forecasted a 17%...
Mastercard, Visa slip after decision to cut controversial fees in EU
Every year, retail merchants witness a sharp increase in the number of electronic transactions during holiday shopping, a trend that...
Crypto losses hit $700 billion as Bitcoin sees worst week
Bitcoin is slipping and how. On Friday, the cryptocurrency and its peers slid marking a 24% decline since Nov. 16...
Digital currency-friendly bank Silvergate plans to go public
Silvergate Capital Corp., the parent company of San Diego, California-based Silvergate Bank, has filed for an IPO last Friday. Silvergate...
Goldman Sachs defends 1MDB fraud charges, passes buck to ‘rogue’ staff
Giving a new twist to the controversy surrounding its involvement in the infamous 1Malaysia Development Berhad scandal, Goldman Sachs (GS)...
Softbank pours another $3 billion into WeWork
New York-based WeWork said it will receive $3 billion in funding, in yet another investment from its already biggest financier...
SoftBank plans IPO for Japanese mobile unit
SoftBank Group Corp. is planning to raise over $20 billion through the IPO of its Japanese mobile division. The company...
MoneyGram tops Q3 earnings expectations; revenue misses
MoneyGram International Inc. (MGI) reported better-than-expected earnings for the third quarter of 2018 while revenue missed estimates. Though the earnings...
SEC fines Citibank for mishandling American Depository Shares
The US Securities and Exchange Commission (SEC) finally caught up with the Citibank (C) and fined them $38 million for...