PayPal Releases Quarterly Results. Adds 16 Million New Active Accounts in Q4
PayPal added 16.0 million Net New Active Accounts (NNAs) in Q 4 2020, up 72% from the same period of 2019, according to the company’s press release. FY20 added a…
VISA Partners with First Boulevard for Digital Currency Expansion
On Thursday VISA announced a partnership with First Boulevard to pilot its new suite of crypto APIs, according to Businesswire. The APIs will enable Visa customers to purchase, store, and…
Cryptos Hit a New ATH Market Capitalization of $1.150 Trillion
Bitcoin reached $38,000 while Ethereum hit a new all-time high of around $1,700, taking the total capitalization of the crypto market to a record $1.150 trillion. According to CryptoPotato, the…
Susquehanna Analyst Targets $5,200 Amazon Stock Price and $3,000 for Alphabet
Susquehanna analyst Shyam Patil has raised Amazon’s price target from $4,000 to $5,200, according to MarketWatch. The analyst was also most bullish on Google-parent Alphabet after boosting the target by…
GM Forced to Cut Production at Four Plants after Chip Shortages
General Motors will cut production during the week of February 8 at Fairfax, Kansas, Ingersoll , Ontario, and San Luis Potosi in Mexico, according to Reuters. The automaker will operate…
Vaxart Plunges 60% on Concerns of the Effectiveness of Oral Covid Vaccine
Vaxart’s stock fell 60% after the company failed to find neutralizing antibodies in clinical trials of its oral Covid vaccine, according to CNBC. The disappointing results came even as the…
GSK Projects Profit Falls this Year, Holds Split Plans
GlaxoSmithKline expects earnings to fall by a mid-to high-single-digit percentage this year due to Covid disruptions and investments in new drug pipelines, according to Reuters. The world’s biggest vaccine maker…
Amazon Releases Q4 Results, Jeff Bezos to Transition to Executive Chair Role
Amazon’s net sales in the fourth quarter rose 44% to $125.6 billion, up from $87.4 billion in the same period in 2019, according to the company’s press release. The company…
Exxon Releases Q4 Results, Reports Loss of $20.1 Billion on Pandemic Impacts
Exxon Mobil Corp posted a net loss of $20.1 billion or $4.70 per share in the fourth quarter of 2020, according to the company’s press release. The loss was a…
BMW to Use Solar-Made Aluminum to Curb Carbon Emissions
BMW started on Tuesday to source and use aluminium produced using solar energy, according to CNBC. The company termed the move as an “important milestone” in its goal to cut…
Pfizer Projects Vaccine Sales of About $15 Billion in 2021, Raises Guidance
Pfizer expects to sell about $15 billion in coronavirus vaccine doses in 2021, according to the company’s press release. The drugmaker forecasts its revenue to be in the range of…
Alibaba Revenues Rose 37% in Q4. Updates on Ant Investigation
Alibaba reported revenue of $33.9 billion in the fourth quarter, up from the expected $32.5 billion, according to the company’s press release. Non-GAAP diluted earnings per share was $3.38, up…
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