business

Morgan Stanley Shares Surged After Better-than-Expected Results

Morgan Stanley Shares Surged After Better-than-Expected Results

On Wednesday, Morgan Stanley (NYSE: MS) reported its financial results for the second quarter of fiscal 2018. With both earnings and revenue surpassing estimates, shares of the company surged 3.3% in premarket trading today.According to the company,..

Goldman Sachs Reports Better-than-expected Q2 Earnings

Goldman Sachs Reports Better-than-expected Q2 Earnings

Goldman Sachs Group Inc. (NYSE: GS) on Tuesday reported better-than-expected revenue and earnings as the Company also named a new CEO.  The Company said net revenue rose 19% to USD 9.4 Billion in the second quarter ended June 30, 2018, beating ..

What the Latest Unemployment Report Can Tell You About the Economy

What the Latest Unemployment Report Can Tell You About the Economy

The latest Unemployment Rate Report, released on July 6th, by the Labor Department, showed 213,000 jobs added last month, which surpassed economists' expectation of 200,000. Meanwhile, there was an increase in the unemployment rate from 3.8..

Accenture Released Better-than-Expected Results for the Third Quarter

Accenture Released Better-than-Expected Results for the Third Quarter

On Thursday, ACN Inc. (NYSE: ACN) announced its financial results for the third quarter of fiscal 2018.“We delivered outstanding financial results for the third quarter. I am particularly pleased with our record new bookings of $11.7 billion a..

Ant Financial Hong Kong venture releases Blockchain service, Jack Ma raises concern

Ant Financial Hong Kong venture releases Blockchain service, Jack Ma raises concern

AlipayHK, a Hong Kong-based joint venture owned by China financial technology firm Ant Financial (ANTFIN.UL) and conglomerate CK Hutchinison Holdings, launched a cash remittance service powered by blockchain, between Hong Kong and the Philippines.Ho..

Microsoft’s Ethical Reckoning is Here

Microsoft’s Ethical Reckoning is Here

Microsoft has become the latest company to pull into the tech industry’s ethical view over the use of its products by government agencies. Critics have stated in a blog post in January that Microsoft Corporation (NASDAQ: MSFT) publicized its w..

Qualcomm Doesn't Plan to Leave Data Center Market

Qualcomm Doesn't Plan to Leave Data Center Market

QUALCOMM, Inc. (NASDAQ: QCOM) doesn’t plan to abandon its efforts to create processors for data centers according to the company’s president Cristiano Amon. Qualcomm released chips using technology from Softbank Group Corp’s A..