Oracle has added new 5 cloud data centers. By the end of 2020, the company plans to have such centers in 36 locations. Oracle (ORCL) stock price is increasing.
Electric car maker Tesla has stunned Wall Street by its growth over the last year crushing down street expectations comfortably. Analysts have now turned bullish over the company and expect its to touch trillion-dollar valuations in the next five years while TSLA stock may reach $7000 by 2024.
As people in China are not leaving their homes in fear of contracting with those who have already caught the coronavirus, the model of remote work has now become the way to go.
Panasonic Corp reported higher operating profit boosted by cost cuts and an improvement at the joint battery business with Tesla Inc. However, despite good results, Panasonic stock price is moving down.
As market trading resumed in China after the holidays, stocks crashed over 7% being influenced by the effects of the coronavirus fears. China has pumped over 1 trillion yuan in rescue.
The latest Bitcoin rally comes along with an increase in the price of gold which has climbed as investors fret over the spreading coronavirus. Some Bitcoin analysts have pointed to geopolitical uncertainty being the cause for Bitcoin’s latest move higher.
As Apple has taken a decision to temporarily close its stores in China due to the coronavirus, the sales of 1 million iPhone items could be delayed. However, it won’t significantly affect the company’s revenue.
Brexit is officially done. Now Boris Johnson is to use a high-profile speech on Monday to set out his plans to negotiate a comprehensive free trade agreement between UK and EU to an unprecedentedly tight deadline of 31 December, which he insists he will not extend.
Colgate-Palmolive (CL) reports that organic sales increased by 5.0% in Q4 to easily beat the 3.0% consensus mark. Now the company expects the sales growth of at least 4% to 6%.
The revenues of Visa and Mastercard have been significantly growing over the last 5 fiscal years. Now the companies have all the chances to hit $1 trillion in market capitalization.
Virginia Rometty, present IBM Chairman, President and CEO, will retire. Instead, Arvind Krishna, the current IBM Senior Vice President for Cloud and Cognitive Software, will serve as CEO.
General Motors has revealed plans for a new GMC Hummer EV, a reproduction of the old vehicle line. The company’s stock has not reacted yet but things could change.
Amazon holiday sales report shows that the company had a really successful quarter. Its stock jumped 13% and its chances to enter a $1 trillion club are extremely high.
Yesterday, Tesla stock increased by over 10% to a new record of $640. Though Bitcoin is a good performer this year, it can’t boast such growth rates.
In China, Taiwan, and Hong Kong, Google Corp. will close all of its offices. Amazon and Microsoft joined the web search giant in taking precautions against the coronavirus.