Mark Emem

After words, numbers are my other love... mostly when they are going up and they have nothing to do with taxes or expenses. That makes green my favorite color!

Stamps.com, USPS

Stamps.com Shares Plummet Over 50% after ‘Exclusivity’ Break Up With USPS

Shares of online mail-supplies firm Stamps.com plunged by over 50% in pre-market trading on Friday after the company disclosed during the fourth quarter and full-year 2018 earnings call that …

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Apple, Amazon, Netflix

Apple Needs to Buy a Hollywood Studio to Compete with Netflix and Amazon

In the face of declining iPhone sales, Apple has repeatedly hinted that it will be relying more and more on services for future revenue growth. But to beat Netflix …

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Fmr. Apple Chipmaker Qualcomm Wants US Regulators to Ban Specific iPhone Models

The tensions and bad blood between Apple and Qualcomm have just been driven a notch higher. According to Reuters, Qualcomm now wants trade regulators in the U.S. to ban the …

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mark zuckerberg facebook crypto blockchain

Facebook’s Crypto Division Might Build a Blockchain Identity System: Mark Zuckerberg

Weighed down by countless accusations of user-data violations, crypto-curious Facebook has signaled that it could turn to blockchain technology for some tasks. In a video discussion, Facebook’s CEO Mark …

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Southwest

Trump’s US Govt Shutdown Grounds Southwest Airlines as Q1 Revenues Fall $60 Million

Shares of Southwest Airlines fell sharply on Wednesday after the low-cost carrier disclosed that the government shutdown which lasted for 35 days had a larger impact than previously thought. …

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Tesla, Elon Musk

Elon Musk ‘Certain’ Tesla Cars Will Feature ‘Full Self-Driving This Year’. No Power Naps Until 2020 Though

Tesla expects its driverless car technology to be fully ready before the end of 2019. This was revealed by the electric carmaker’s co-founder and CEO, Elon Musk, in a …

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amazon china alibaba

Amazon’s Flailing China Unit Plots Major Merger to Challenge Alibaba

Talks are underway to merge Amazon’s Chinese venture with NetEase-owned Kaola, according to business publication Caijing. Kaola is a Chinese e-commerce firm which specializes in selling imports. The business …

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How Apple is Preparing for Life After the iPhone [No, not Buying Netflix With the $250 Billion Cash Pile]

With the iPhone contributing more than 60% of Apple’s sales, it will be hard to replace it with another blockbuster product to compensate for the dwindling sales of the …

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Bitmain, Bitcoin

Bitcoin Mining Giant Bitmain Reveals $500 Million Loss; End of the IPO Dream?

The world’s largest maker of cryptocurrency mining equipment Bitmain made a $0.5 billion loss in 2018’s Q3, CoinDesk reports. Citing a source who viewed an update that was filed …

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Dow Jones, Oil

US Sanctions Squeezes Russia’s 3rd Biggest Bank into Freezing Venezuela Oil Firm’s Accounts

Russia’s third-biggest bank by assets Gazprombank has elected to freeze the bank accounts belonging to Venezuelan state oil firm Petróleos de Venezuela, S.A. (PDVSA), Reuters reports. Citing sources, the …

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New Zealand to Slap ‘Digital Services Tax’ on Internet Giants Google, Facebook: Will this Antagonize the US?

Following the precedent set by some European countries such as Austria, France, Italy, Spain and the United Kingdom, New Zealand has indicated it will introduce a digital services tax. …

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crypto exchange hack cryptopia

Why Won’t Crypto Exchange Cryptopia Come Clean on How Disastrous Last Month’s Hack Really Was?

New Zealand-based cryptocurrency exchange Cryptopia disclosed that local police have allowed employees to return to the firm’s office following its suspension of operations mid last month after a multi-million …

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Cryptocurrency, bitcoin, Russia

Russia Isn’t Bothered to Recognize Bitcoin for Now, Says Justice Minister; What Drove his Decision?

Russia’s Minister of Justice, Alexander Konovalov, has indicated that it is unnecessary to give cryptocurrencies a legal definition at this point in time, according to the country’s state-owned news …

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Donald Trump, California Governor Feud over $3.5 Billion Bullet Train Project – Is the President Right?

California’s bullet train project is the latest thorn that’s nagging U.S. President Donald Trump. In a tweet, Trump claimed that California had canceled the bullet train project after wasting …

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Indonesia, crypto, cryptocurrency

Indonesia Slaps Strict Regulations for Cryptocurrency Futures Trading – Is the Sector Dead On Arrival?

With the Indonesian government requiring cryptocurrency traders to keep a deposit of 80 billion rupiah (approximately $5.7 million) among other requirements in order to participate in futures trading, sector …

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Morgan Stanley

Morgan Stanley to Spend $900 Million in Biggest Acquisition Since 2008 Crisis; Will the Trump Admin Approve?

Morgan Stanley is shelling out $0.9 billion to acquire stock-plan firm Solium Capital. The acquisition of the firm that mainly specializes in offering Software-as-a-Service for managing employee share plans, …

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california governor gavin newsom facebook google

California Might Force Silicon Valley to Pay ‘Data Dividends’ – How Will Google & Facebook Respond?

A little over four weeks since being sworn into office, California Governor Gavin Newsom has already started making enemies in the tech sector – specifically with Silicon Valley powerhouses …

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Israeli NGO Threatens to Sue Coinbase for Enabling Hamas’ Bitcoin Donations

Cryptocurrency exchange Coinbase has been threatened with a lawsuit by an Israeli civil rights NGO Shurat HaDin (Israel Law Center) if it continues to allow Hamas to fundraise via …

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Naguib Sawiris Trump US-China Trade War

Egyptian Billionaire Naguib Sawiris Defends Trump’s Trade War, Blasts China for ‘Raping Us’

In what is bound to be pleasing to the ears of U.S. President Donald Trump, Egyptian billionaire Naguib Sawiris has sided with the hardline stance that the leader of …

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Nissan

Chairman Misconduct Scandal Costs Nissan $84 Million amid Slashed Profit Forecast

Japanese auto giant Nissan has revised its sales and profit forecast for the full year which ends next month downwards. The carmaker now estimates that its operating profit will …

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Paul Krugman, Bitcoin

A Bitcoin Bashing Nobel Economist Expects a Global Recession; Will Crypto Prove Him Wrong?

Noted bitcoin basher and Nobel Prize-winning economist Paul Krugman has warned that the global economy could be headed for a recession this year, according to CNBC. Per Krugman, the …

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Swiss Franc

Swiss Franc Plummets – Here’s What Caused the Haven Currency’s Mini ‘Flash Crash’

On Monday during the Tokyo session, the Swiss franc (CHF) was aggressively sold. The USD/CHF pair, for instance, touched the 1.0106 level. This was a high that the pair last …

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Jeff Bezos, Donald Trump, National Enquirer

Jeff Bezos vs National Enquirer: A ‘Government Entity’ May Have Leaked Raunchy Messages

Amazon CEO Jeff Bezos’ security consultant for two decades, Gavin de Becker, has formed the opinion that the publication of personal details pertaining to Bezos’ extra-marital affair by The …

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Sony

Sony Shares Jump after Japanese Giant Announces Unprecedented ¥100 Billion Stock Buyback

Japanese conglomerate Sony will kick off a $910 million stock buyback program beginning next week, Reuters reports. The move will result in Sony buying a maximum of 30 million …

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