Apple’s Presentation: What to Expect
Apple’s presentation is set to start at 1 pm Eastern, 10 am Pacific, on Tuesday, April 20. Analysts predict new iPads, specifically new iPad Pro models and a refresh of…
CN Submits a Bid of More than $30 Billion to Combine with Kansas City Southern
Canadian National has made a superior proposal to combine with KCS in a $33.7 billion, cash-and-stock transaction, according to the company’s press release. CN proposes a $325 per KCS share,…
Lockheed Raises FY21 Earnings Outlook after EPS of $6.56 Beat Estimates
Lockheed Martin expects FY21 earnings per share to range between $26.40-$26.70, above estimated $26.31 per share, according to the company’s press release. The raised outlook follows a reported net earnings…
Washington Considers a Rule to Lower Nicotine in Cigarettes
Biden Administration is considering a rule to lower nicotine in all cigarettes sold in the U.S, according to the Wall Street Journal. The move aims at pushing millions of U.S…
Bearish Stock Bets Fall as Wall Street Digest the Frenzy by Reddit Army
Short selling on historically the “go-to” shorts has slowed while discretionary longs are rising. According to Bloomberg, the lower appetite for shorts has been as a result of a cautionary…
Marijuana Banking Bill Get Bipartisan Support in the House
The U.S House of Representatives passed the bill, H.R. 1996, to give state-authorized marijuana business easier access to banking services. The bill, the SAFE Banking Act, would prohibit regulators from…
IBM Shares Soar 4% After More than Expected Q1 Revenue of $17.73 billion
IBM shares surged up to 4% in extended trading on Monday after reporting a revenue of $17.73 billion in Q1 2021, according to the company’s press release. The revenue was…
TIME has Partnered with Crypto.com to Allow Subscribers Pay with Cryptocurrencies
TIME has partnered with Crypto.com to allow cryptocurrency as a form of payment for digital subscriptions. Subscribers who choose to pay with cryptocurrency will receive unlimited access to content across…
Adani’s Pressure Mounts Over Transactions in Myanmar Amid Expulsion from Indexes
S&P Global Inc. and some investors are distancing themselves from the marine ports operator controlled by Indian’s Adani Group, according to The Wall Street Journal. The move follows past business…
JPMorgan Agrees to Finance Europe’s Super League with 4 Billion Euros Investment
JPMorgan Chase & Co. is backing Europe’s Super Soccer League with a 4 billion-euro or $4.8 billion bet, according to Bloomberg. The U.S bank will underwrite an initial 3.5 billion…
U.K Finance Chief Calls BOE to Look into a Case for a New Digital Currency “Britcoin”
British finance minister Rishi Sunak has called the Bank of England to look into a case of ‘Britcoin’ or central bank-backed digital currency, according to Reuters. The digital currency aims…
Coca-Cola Announces Q1 Results. Net Revenues Grew 5%
Coca-Cola net revenues rose 5% to $9.0 billion in the first quarter of 2021, according to the company’s press release. Revenue was driven by 5% growth in concentrate sales, while…
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