News: Companies
In this section, we cover the latest news from companies around the world. This includes everything from the latest quarterly results to new product announcements to mergers and acquisitions, analyst rating changes, price target revisions, regulatory agency filings, license acquisitions, and much more.
Insider News: Shell Set to Sign Deal With Qatar for Giant Gas Project
According to reports, Shell Plc is planning to take a stake in a major $29 billion project that aims to raise Qatar's output and exports of liquefied natural gas (LNG). This comes as other Western energy giants have already invested in the project and as Europe is increasingly racing to shore up supplies of the fuel.
Expert Opinion: Apple May Have 40 Million Subscribers for Streaming TV Service, Analyst Says
Sacconaghi claimed that Apple (AAPL) had between 20 million and 40 million paying users, with yearly revenue ranging between $1 billion and $2 billion. That's not much for a firm with about $400 billion in annual revenue, but he believes the service is vital for strategic reasons.
Instagram is Testing an AI Face-Scanning Tool That Can Verify Your Age
Instagram requires three of the user's mutual followers to verify their age as part of the social vouching method. They have three days to react, and the followers must be at least 18 years old. Users can still prove their age by uploading images of their ID cards.
‘Buy With Prime’ Could Help Amazon Extend Dominance in Online Commerce
According to a sum-of-the-parts valuation exercise, Amazon Web Services may account for as much as 80% of the company's current valuation. This would mean that investors have the opportunity to buy the rest of the business at a significant discount.
How to Invest in Companies Targeting the Water Crisis
"Lack of clean water will define the 21st century in much the same way fossil fuels did for the 20th century," explains Matthew Diserio, president of Water Asset Management, which oversees public and private equity funds. "The oil and gas industry provided many investment opportunities back then."
Elon Musk Feels ‘Super Bad’ About Economy, Needs to Cut 10% of Tesla Jobs
A number of business leaders recently began warning about the possibility of a recession, and the Tesla CEO's message on Thursday, "Pause all hiring around the world," comes after he told employees to return to work or leave it.
Swift and CapGemini Work on CBDC Gateway to Existing Payment Networks
In a recent experiment in the previous year, in a world first, Swift has successfully completed a cross-border transaction between one entity on a DLT-based CBDC network and another on a well-established real-time gross settlement (RTGS) system. This is a significant achievement for both Swift and the wider adoption of CBDCs.
Apple to Keep iPhone Production Flat as Market Grows Tougher
Additionally, Apple will strive to impress consumers with a more advanced model than last year's one. New screen sizes, including satellite-based text messaging, are expected to be offered in the upcoming iPhone 14 handsets. The iPhone 13 was viewed by consumers as a minor upgrade.
GM’s Newest Weapon in the EV Wars Is a Factory
The facility is located in both Detroit and Hamtramck, Michigan. The term Zero represents GM's goal for an automotive future with zero emissions, zero accidents, and zero traffic congestion. Accidents and congestion reductions are the results of GM's autonomous-driving initiatives. EVs contribute to emissions.
Walmart Flashes a Warning Sign to the Entire Consumer Economy
There are other retailers as well who suffer from high prices. Even though Home Depot reported better-than-anticipated sales for its first quarter and saw the average amount consumers spent increase by 11%, the number of customer transactions declined by 8%.
Twitter Is Stuck Between Musk and Snap. It Will Be an Anxious Annual Meeting
The hard place: Macroeconomic conditions for technology businesses have been less than ideal, and Twitter (TWTR) has felt the pinch. Snap's (SNAP) news on Monday that it was lowering its revenue estimate raised fears that the industry may be in for a lengthier period of suffering than anticipated.
Nomura Creates Digital Asset Company
As for Nomura, it already has a foothold in the digital asset sector with Komainu, a cryptocurrency storage joint venture with CoinShares, and Ledger, which is expected to begin in June 2020. Komainu concluded a $25 million Series A financing round in March, when assets under control surpassed $3 billion.
Here’s How CEOs from PayPal and Nasdaq, Plus a Senator, View the Risk of Recession
"I think the market will play an important role: the boost in yields, the strength of the dollar… we're already witnessing some demand destruction, and the margins of big retailers are already starting to compress," Toomey noted.
