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Disney Shares Fell as Earnings Miss Estimates

Disney Shares Fell as Earnings Miss Estimates

The Walt Disney Company (NYSE: DIS) on Tuesday announced its third fiscal quarter revenue and earnings that miss expectation. The stock fell over 2% in the extend hours.Total revenue was USD 15.23 Billion in the quarter ended June 30, 2018, missing ..

Asia Stocks Rise as Wall Street Gains

Asia Stocks Rise as Wall Street Gains

Supported by positive Wall Street earnings, Asian stocks rose on Wednesday. However, trade tensions remained in focus before a meeting of the U.S. and European Commission Presidents.According to Reuters, now that the trade spotlight is on Europe, th..

Google developing AI to take on some customer service responsibilities

Google developing AI to take on some customer service responsibilities

Google (NASDAQ: GOOGL) announced at its Cloud Next conference on Tuesday that it is developing an AI software called Contact Center AI to replace some of the work done in call centers. The new AI will share some of the same technology as Google Dupl..

Pinterest Nearing USD 1 B Ad Sales As It Looks To Go Public in 2019

Pinterest Nearing USD 1 B Ad Sales As It Looks To Go Public in 2019

Social media company Pinterest is approaching USD 1 Billion in ad revenue as it pushes for anIPO in mid-2019 according to people familiar with the matter.The Company hit USD 500 Million in sales in 2017 and almost double that this year, accordi..

SoftBank Vision Fund to Invest $1B into Face Recognition SenseTime

SoftBank Vision Fund to Invest $1B into Face Recognition SenseTime

SoftBank’s Vision Fund is looking to invest almost USD 1 Billion in China-based SenseTime Group for a stake in the world’s most valuable artificial intelligence startup, according to people familiar with the matter. The two companies are..

Wall Street Remains Divided on Netflix’s Second Quarter

Wall Street Remains Divided on Netflix’s Second Quarter

Netflix Inc. (NASDAQ: NFLX) shares have surged 110% this year alone, becoming the best performer in the S&P 500. Despite its rally, Deutsche Bank warns that the tech giant may miss its second quarter subscriber estimates, but Wall Street remains..

Venture Capitalist Firm to Raise Next Largest European Fund

Venture Capitalist Firm to Raise Next Largest European Fund

Venture capitalist firm Lakestar is attempting to raise the next largest European fund for startup investments. Lakestar is targeting around USD 800 Million in investments, according to three people with knowledge of the matter. There’s no cer..