Wall Street

Platform News: Chipmakers Chip Semiconductors from Intel

Wall Street sees long road ahead as Intel seeks to regain market share

Intel Corp’s shares fell 7% on Friday as Wall Street analysts raised concerns about how soon the chipmaker can close the gap with rivals as it spends billions of dollars to i...

Platform News: International Business Machines, IBM

IBM returns to sales growth after a year of declines on cloud strength

IBM returned to sales growth in the first quarter after a year of declines and beat Wall Street targets on Monday, boosted by its bets in the high-margin cloud computing business.

Platform News: Wall Street in New York

Shares in companies linked to non-fungible tokens (NFT’s) surge

Shares in some companies linked to non-fungible tokens , a type of digital asset that is authenticated by blockchain spiked higher, benefiting from their status as the latest hot t...

Platform Economy: Goldman Sachs investment app, Marcus is launched

Goldman Sachs unveils Marcus Invest robo-adviser in consumer push

Goldman Sachs is launching an automated wealth-management platform to invest customer funds across managed portfolios made up of exchange trade funds for stocks and bonds, the lead...

Platform News: A visualisation of Bitcoin, digital currency and cryptocurrency

Boom: with more mainstream acceptance Bitcoin tops $50,000

Bitcoin headed above $50,000 for the first time ever today, adding steam to a rally fuelled by signs that the world’s most notable crypto is gaining acceptance among mainstre...

Platform News: GameStop

GameStop: Wall Street versus the people of Reddit

On three hours of sleep and with no time to eat, one New York-based hedge fund manager overseeing billions in assets called last week the most stressful of his life.

Platform News: Reddit social network and discussion boards

GameStop extends Reddit driven rally after Elon Musk tweet

Amateur investors piled farther into market stocks Tuesday, sending professional sellers agreeing to pay losing bets, with GameStop skyrocketing for a fourth consecutive day, thank...

Platform Industry News: Crypto platforms and cryptocurrencies

Bitcoin trades near $34,800 record following an 800% surge

Bitcoin traded 33,365 in Asia today, after soaring to a record high of $34,800 on Sunday as traders continue to bet that the electronic money is on its way to becoming a mainstream...

Platform News: Wall Street in New York

How Wall Street folk calmed their election nerves

As US election results started trickling in late Tuesday evening, hedge fund manager Eric Jackson stress-ate a lot of his kids’ Halloween candy that he felt compelled to buy ...

Platform News: Wall Street in New York

Wall Street sees a bright side in ‘healthy’ tech stock selloff

Some of Wall Street’s biggest players are seeing the stock market’s recent tech-led selloff as a bout of turbulence as opposed to the beginning of a longer slide —...

Goldman Sachs

Goldman Sachs joins syndicate for Ant IPO of up to $30 billion

Goldman Sachs has joined the growing list of investment banks working on Ant Group’s mammoth first public offering of up to $30 billion, two individuals with direct knowledge...

Platform Industry: Tesla Factory in the US

Crafty Etsy gets into S&P 500, Tesla misses out

Stocks of Tesla tumbled 7% in extended trade on Friday after the electric car and battery manufacturer was excluded from a group of businesses being added into the S&P 500, amo...

Qualcomm

Qualcomm forecasts sales above estimates and settles Huawei dispute

Qualcomm has forecast fourth-quarter earnings that were above Wall Street expectations, driven by sales of its processors used in 5G apparatus and attaining a settlement with Huawe...

Platform News: Wall Street in New York

Canada’s BlackBerry quarterly revenue misses estimates

BlackBerry Ltd reported quarterly revenue below Wall Street estimates, as demand for its QNX software used in cars was hit by the COVID-19 pandemic that severely bruised the auto i...

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