The vast cash hoard of Warren Buffett’s company, Berkshire Hathaway Inc., has been vaster only once before – just before the worst financial crisis since the Great Depression. Warren Buffett’s big pile of cash could act as a warning to other investors that stock market is becoming overvalued and that its crash is pretty near....Read More
In recent news, the fast-food giant Kentucky Fried Chicken (KFC) announced a partnership with Beyond Meat. Together both companies are going to test plant-based nuggets and boneless wings. Recently KFC announced a new rather interesting partnership. They have partnered with Beyond Meat, which is a plant-based meat substitute producer company. They are planning to do...Read More
Despite being the talk of multiple controversies over the last year, analysts express strong bullishness on the future rise of Facebook (FB) stock amidst strong fundamental and technical indicators. Facebook has been going through a very rough phase over the last year. Firstly, the Cambridge Analytica scandal in 2018 surfaced the unethical use of Facebook’s...Read More
[embedded content] Disney is probably one of the most successful entertainment outfits ever, and one of the most influential as well. Every year, Disney movies rake in tons and always makes its presence known at the box office. In 2019 alone, Disney stock (DIS) has hit a 24% year-to-date (YTD) figure. Stocks everywhere are anything...Read More
It has come to light that the world’s 4th largest smartphone manufacturer, Xiaomi, wants to enter the consumer lending business in the crowded Indian market in the coming weeks, recent news report. China-based smartphone manufacturer Xiaomi has revealed that they will soon enter the consumer lending business in India in the coming weeks. Xiaomi is...Read More
Financial experts and analysts are raising alarming concerns on the growing chances of US recession in the next year. Investors looking towards Bitcoin as a potential hedge. Investors and financial experts have been continuously raising concerns on an impending US recession expected over the next one year. Clive McDonnell, head of the equity strategy at...Read More
Apparently, consumers in the US, Baby Boomers, in particular, are increasingly delaying their smartphone purchase for three or more years. In addition, the average iPhone now remains active for 18 months, while average Samsung phone – for 16.5. There were a lot of previous reports about average lasting of Apple‘s iPhone upgrade cycle and its...Read More
Photo: Ping Identity Recently, Ping Identity filed an S-1 form to the U.S. SEC (Security and Exchange Commission) which indicates that the company is looking to raise up to $100 million in an IPO on the Nasdaq exchange with a ticker “PING”. The initial S-1 filing doesn’t have an indicated price range, but it is...Read More
Apple could be coming up with not just one but four new models of the Apple Watch Series 5 this year. The four models filed this week were listed as A2156, A2157, A2092 and A2093 and would be running the smartwatch OS, the WatchOS 6. It seems that Apple (AAPL) is getting ready for an...Read More
Just recently, Amazon cloud service AWS experienced an outage which is causing a service disruption on several Asian cryptocurrency exchanges. Binance is one of the exchanges. In recent news, Amazon has experienced a cloud service outage which has caused several crypto exchanges, including Binance, to report problems. Binance is seeing international problems, the company CEO...Read More
In recent news, Patrick Byrne, the long-time CEO of Overstock has announced in a letter to shareholders, that he is stepping down from his position. His position will be temporarily replaced by Jonathan Johnson. Recently in a letter to all the shareholders, Overstock‘s CEO Patrick Byrne announced that he is resigning from his position at...Read More
Photo: Carbon Black, Inc. / Twitter In recent news, VMware which is a publicly traded software company announced two very significant purchases. The software company bought Pivotal which is an American multinational software and services company and Carbon Black which is a publicly traded security company focusing on modern cloud-native workloads. Both companies together are...Read More
Bhavin Vaghela, Xendpay’s Head of Product Innovation. Photo: Ripple Ripple announced that they went into the partnership with the UK remittance firm Xendpay therefore widening their portfolio made from big companies that are already using Ripple’s product across their payment services – MoneyGram, Standard Chartered Bank, American Express etc. From Xendpay they disclosed what kind...Read More
Ending the 10-year history of naming releases after desserts, the company is bailing on providing a codename beginning with a subsequent letter of the alphabet (in this case, Q), which is the way we’ve been referring to Android up to now. This year is Android 10, next year will be Android 11, and so on....Read More
Experts from the payments industry believe that Apple Card launch can boost the company’s Apple Pay digital wallet system which can give tough competition to giants like Venmo, PayPal, and Square Cash. Earlier this week on Tuesday, August 20, tech giant Apple launched its Apple Card in the US market. Apple’s foray into the payments...Read More
The endorsement for blockchain technology and skepticism of exisiting technologies is reflected in Yang’s campaign website which states that traditionally used machines are vulnerable to tampering and hacking, when compared to the world’s latest available technologies. One of the candidates for the 2020 presidential election in the U.S., Andrew Yang, says he wants to modernize...Read More
Telegram has yet to publicly or formally acknowledge the project, but investors in last year’s $1.7 billion token offering, widely publicized in the press, are selling their gram allocations via OTC desks, exchanges and special-purpose vehicles. Telegram TON Board channel announced the first version of TON, Telegram blockchain, will be released on September 1st. From...Read More
Miller Lite, the popular beer brand from U.S. brewer MillerCoors, has teamed up with a blockchain marketing company for the latest iteration of its “Know Your Beer” program. For the ongoing campaign, launched July 1, Vatom Labs built what it calls a mobile”edutainment game,” called Great Taste Trivia, that served a 12-question quiz to cellphones, geo-targeting...Read More
Recently Bolt, which was previously known as Taxify, based in Estonia, announced that they are launching a food delivery service, starting with Estonia. Bolt, which is an Estonia-based ride-hailing service, previously known as Taxify, has just launched its new food delivery service in Estonia. They are launching it natively, for now, but afterward they plan...Read More
Securitize, a provider of technology for issuing blockchain tokens, has registered as a transfer agent with the U.S. Securities and Exchange Administration (SEC), a move it says will boost adoption. Announced Wednesday, the registration means Securitize can now act as the official keeper of records about changes of ownership in securities. While that might sound...Read More
The assigned liquidator for the collapsed New Zealand-based cryptocurrency exchange Cryptopia says it’s making progress in determining customer holdings, but that the management of user funds by the exchange has caused delays. Professional services firm Grant Thornton New Zealand was assigned to oversee the liquidation process in May, after the exchange had failed to recover from...Read More
A prolonged rainstorm in China’s Sichuan province has caused land- and mudslides, forcing some local hydropower plants and bitcoin miners to halt operations. Heavy rain has been drenching Sichuan’s mountainous Aba prefecture since Monday, with landslides now affecting 17 counties in the area, according to local government social media posts on Tuesday. Among them, the Wenchuan county appears...Read More
Apple officially launched its Apple Card payments service to the US customers along with introducing its Daily Cash rewards program and other benefits. As almost every tech giant is flexing its muscles to grab a share of the payments industry, Apple is no different! On Tuesday, August 20, the Cupertino-based tech giant officially launched the...Read More
Google’s online game streaming platform Stadia is set to launch in November as the tech behemoth plans a major disruption in the gaming industry ahead. Google is all set to give a massive push to its online game streaming service Stadia, set to launch in November 2019. Google Stadia is a 4K gaming platform and...Read More
Noah Kerner, the CEO of Acorns, anticipates converting niche savings app into bank option utilized by about 100 million users, while celebrities are opting for Acorns to invest in. Jennifer Lopez and Alex Rodriguez, former baseball player, are the latest dual celebrities to invest in the fintech firm Acorns Grow Inc, according to the Wall...Read More
Wall Street’s self-regulatory organization (SRO) has green-lit a new blockchain-powered securities trading platform. The Financial Industry Regulatory Authority (FINRA) has approved the membership application of IOI Capital and Markets, which plans to act as a placement agent for privately placed, digital securities on a permissioned Hyperledger Fabric blockchain. Co-founders Rashad Kurbanov and Hamid Gayibov have been...Read More
Deloitte, one of the “Big Four” professional services firms, has officially launched a plug-and-play product aimed to help enterprises showcase their blockchain solutions to clients. The firm’s new “Blockchain in a Box” (BIAB) is designed as a mobile unit packed with four built-in nodes and several monitors that can be linked to external services such...Read More
Apple now plans to dive into the showbiz world by launching its Apple TV+ movie and TV subscription service by November to compete with Amazon, Netflix, Disney, and AT&T-owned HBO. In March 2019, Apple said that it plans to introduce a streaming service dubbed Apple TV+. However, no details were revealed in that announcement. Now,...Read More
Photo: IBM / Twitter In the travel industry, one of the major problems the travel supply chain must solve is hotel commission processing – usually a pretty expensive challenge for travel agencies and hotels that also influences the booking experience for travelers. Nowadays, with today’s endless options for booking accommodations, the agencies that support travelers...Read More
Elon Musk relaunched Tesla’s residential solar-power service: for $50 monthly, you get all the necessary panels and other hardware, plus installation, support, and ongoing maintenance. Tesla (TSLA) is trying to fire up its solar-panel business by letting consumers rent their rooftop systems rather than buy them. Tesla CEO Elon Musk announced the offering in a...Read More
