![]() The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. ![]() No opinion given in the material constitutes a recommendation by CMC Markets or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. Nothing in this material is (or should be considered to be) financial, investment or other advice on which reliance should be placed. The material (whether or not it states any opinions) is for general information purposes only, and does not take into account your personal circumstances or objectives. Smartsheet shares gained 17.8% on Wednesday, while Adobe shares were up 5% after hours the same day.ĭisclaimer Past performance is not a reliable indicator of future results.ĬMC Markets is an execution-only service provider. While Smartsheet posted unexpected profits and Adobe achieved record revenues of $4.7bn, Oracle missed analysts’ revenue expectations, and its share price fell 5% in after-hours trading Monday. ![]() Software companies Oracle, Smartsheet and Adobe reported earnings this week. Smartsheet gains 18% on surprise profits in Q4 earnings He also explains how Amplify’s Thematic All-Stars ETF offers investors a snapshot of the ETF ecosystem. One of the minds behind some of the first to market thematic ETFs - Christian Magoon - joins Opto Sessions to discuss Amplify’s ETF strategy, as well as why he believes that the blockchain revolution will make cryptocurrency look like email and why Amplify’s Lithium ETF allows investors to “own the future of electrification of fossil fuels”. ETF veteran Christian Magoon on Opto Sessions Meanwhile, Morgan Stanley gives Amazon nearly 60% upside in its top tech picks note, and suggests the ecommerce giant could accelerate again in August. Unless TikTok is separated from its Chinese owner ByteDance, White House officials fear the app’s data could pose a security risk, though TikTok insists divestment wouldn’t restrict data flows to Beijing. Snap and Meta shares gained 8% and 3% respectively following threats of a nationwide TikTok ban from US President Joe Biden. Snap shares bounce 8% on TikTok ban threat Alphabet’s Wing claims it has capacity to deliver 1,000 packages per day in select areas, and hopes to scale its drone delivery service to millions of daily packages within 18 months. Customers within a 10-mile radius will be able to order drug prescriptions and custom-made salads to arrive within 10 minutes. Zipline launches 10-minute drone deliveriesĭrone logistics startup Zipline has partnered with three US hospitals and salad restaurant chain Sweetgreen to launch a 10-minute drone delivery service. The fund raise, from existing investors including Peter Thiel’s Founders Fund, Andreessen Horowitz and new investors including Temasek, saw Stripe valued at $50bn, compared to its peak valuation of $95bn in 2021. In a reflection of the new reality for tech stocks, payment processing company Stripe has accepted an almost 50% reduction in its value over two years in order to raise $6.5bn new capital. Stripe’s value slashed in $6.5bn capital raise CEO Ulrich Körner urged employees to focus on facts when communicating to clients and stakeholders, while Saudi National Bank chairman Ammar Al Khudairy called the stock’s decline “a little bit of panic” and ultimately “unwarranted”. Default swaps for Credit Suisse bonds fell, though they remain in distressed territory. Credit Suisse swaps “panic” for “facts”Ĭredit Suisse shares rebounded as high as 32.6% on Thursday morning on news that the Swiss National Bank would loan it up to CHF50bn. He will continue to appear on Mint Mobile’s ads, which will maintain its brand, and Reynolds will continue to play a creative role in the company, according to T-Mobile. Reynolds used his own celebrity status to market the company, in which he holds a 25% stake, as well as his own marketing agency. Reynolds makes a mint on wireless start-up saleĪmerican actor Ryan Reynolds is set to rake in $300m in cash and stock by selling wireless start-up Mint Mobile to T-Mobile US for $1.35bn. Meanwhile, Zipline launches a 10-minute drone delivery service and social media stocks jump following threats to ban TikTok in the US. In today’s top stories, Ryan Reynolds-backed Mint Mobile is acquired by T-Mobile, Credit Suisse shares rebound 32% and Stripe’s valuation is slashed by close to 50%.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |