Jerome Powell, who is the Federal Reserve Chairman, stated that the central bank of the US is ready to cut interest rates. Powell signalled that you can expect the rate cut later this month and according to his statements, the US economy is at risk. “A rate cut in July is now all but certain.…
Read more
Closed at $204.23 on Friday, Apple is currently catching attention on the position it is going to hold in the future. Analysts have already started stating their view on this matter. Shares of Apple (NASDAQ: AAPL) fell more than 2% Monday after Jun Zhang, an analyst at Rosenblatt Securities, downgraded Apple’s stock to a “sell”…
Read more
He is responsible for saving Chrysler when it faced near-bankruptcy in the 1984. Blessed with two daughters and eight grandchildren, Lee Iacocca passed away peacefully on Tuesday, according to his family. He played a major role in creating the Ford Mustang and the Chrysler minivan. In fact, he is known as the father of Ford…
Read more
OPEC is aiming to obstruct the supply of oil for another 9 months. In other words, it will be extended until the end of March 2020. This is their strategy to keep the prices of crude oil from falling. Although the cuts were supposed to expire – which was first implemented in 2020 – they…
Read more
Apple is ready for a possible breakout. The said breakout may take place anytime and it is believed to be an upside breakout. In the latest trading session, Apple (NASDAQ: AAPL) closed at about $199 which was a – 0.09% move from the previous day. Speaking of what they are up to lately – recently,…
Read more
Tesla CEO, Elon Musk thinks so. According to the news website Electrek, Tesla (NASDAQ: TSLA) has delivered 49,000 vehicles in North America during the second quarter so far, which might be an intimidating situation to reach the goal of a new record. Shares of Tesla fell 1.7% on Tuesday. However, in an email forwarded to…
Read more
Renowned company Boeing, has been thriving in the aircraft manufacturing business for a long time. Under the ticker symbol NYSE:BA, it went public on Jan 13, 1978. Boeing’s 737 aircraft gained spotlight as a successful narrow-bodied model used for short-haul flights. Its 4th generation, Boeing’s 737 MAX, was first announced in 2011 and it began…
Read more
Facebook is ready to change the game by launching their new cryptocurrency named “Libra”. The leading social networking company announced that they are expecting to launch Libra in the first half of 2020. Ulrich Gallersdörfer, a researcher at Technical University of Munich focused on blockchain research said, “This is an order of magnitude more efficient…
Read more
Anil Ambani is the youngest sibling of the charismatic entrepreneur and owner of the world’s most expensive private residence “Antilia”, Mukesh Ambani – who was listed in TIME magazine’s list of most influential people for the year 2019. Anil used to be the world’s 6th richest person a decade ago. However, since 2008, Anil Ambani…
Read more
Headquartered in San Francisco, Lyft is a challenging competitor to Uber, founded by Logan Green and John Zimmer in 2007. In fact, Lyft is a giant in the transportation network industry next to Uber. Lyft succeeded in drawing attention in the industry by becoming the first ride-hailing company to go public. Under the ticker symbol…
Read more
