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S&P 500 Slides as Stimulus Talks Stall, Economic Worries Outweigh Positive News
The S&P 500 Index (SNPINDEX: ^GSPC) closed down 57 points, or 1.6% on Oct. 19, falling sharply in afternoon trading on growing worries about the wave of COVID-19 cases around the world, coupled with...
IBM Revenue Beats Estimates, Buoyed by Growth in Cloud Sales
(Bloomberg) -- International Business Machines Corp. reported third-quarter revenue that beat analysts’ forecasts, driven by gains in its cloud offerings, an area the company will focus on exclusive...
Founders Rebounding Faster Than CEO-Led Firms
Founder-led firms are making faster strides in share prices and profits than companies headed by C-suite executives, according to a Monday (Oct. 19) Reuters analysis. Share prices have doubled for fou...
25-Year-Old Luminar Founder Set to Become Billionaire Through SPAC Deal
You've heard of tech billionaires Musk and Zuckerberg. Well, now there's Russell -- 25-year-old Austin Russell, to be exact. This enterprising young man dropped out of Stanford in 2013 to found Lumina...
SPACs Lure Payments Firms (And Others) — With Speed Bumps Ahead?
Special purpose acquisition companies (SPACs) are gaining traction in the payments space — but might there be speed bumps ahead? To that end, as reported this week, and as noted by PYMNTS on Monday ...
Polish payment solutions provider Straal adds engineering veep
Straal, an international provider of payment solutions for business, has strengthened its high-level staff with an exper...
IBM Revenue Beats Estimates, Buoyed by Growth in Cloud Sales
(Bloomberg) -- International Business Machines Corp. reported third-quarter revenue that beat analysts’ forecasts, driven by gains in its cloud offerings, an area the company will focus on exclusive...
NewsWatch: ‘Smart money’ just reversed bets against tech stocks in a huge way
The 33rd anniversary of the "Black Monday" market crash is upon us, and if hedge-fund managers are scared of history repeating itself, you wouldn't know if from the massive overhaul in their positions...
Monetary Stability: The IMF and Fed Chair Jerome Powell Discuss Digital Currency Implications
On Monday, the International Monetary Fund (IMF) published a report on crypto assets like central bank digital currencies (CBDCs) and global stablecoins (GSCs). Moreover, the IMF also hosted a virtual...
Black-ish Monday: Stimulus Stumble Sparks Big-Tech's Worst Streak In 14 Months
Black-ish Monday: Stimulus Stumble Sparks Big-Tech's Worst Streak In 14 Months Tyler Durden Mon, 10/19/2020 - 16:00 The entire market is now playing a game of deal, or no deal a...
Newswire > Tag: tech

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