While analysts and traders see this phenomenal rise as a bubble, many market participants opine that its burst will have a limited fallout given its market capitalisation. On Monday, with the price of bitcoin skyrocketing to one fifth of its value, marking a new milestone for the cryptocurrency, Asian markets climbed to a new high…
The digital goodwill impairment does not however impact its cashflow. On Friday, Swedish mobile network equipment maker Ericsson stated it may have to cash-in on a goodwill impairment in its struggling media and digital services businesses. Although the move may potentially hit its operating income, its cashflow however has been safeguarded. Ahead of the roll-out…
Frequent buyers are likely to get more discounts on banking products. Taking a cue from Amazon.com, JPMorgan Chase & Co’s chief executive Jamie Dimon stated he expects the bank to offer more price discounts to its banking customers who buy multiple products, just like the way Amazon.com does. “You are going to see more relationship…
There is a “diverse” bacteria collection abroad the International Space Station, shows a new research, while being miles from the Earth. The research also noted remarkable similarity of the micro-organisms micro-organisms found at homes on earth with those found on the space station. These were among the most important finding of a study that examined…
63 years is the typical age that the average American leaves the workforce and enters a retired life. Even while suggesting that “70 is the new retirement age”, personal finance maven Suze Orman challenged that assumption that that’s wise last month. However, the advice of Orman was taken a step further by Dr. Shigeaki Hinohara…
As per the findings research firm Kantar Worldpanel ComTech, the unavailability of its flagship iPhone X has played a role in the loss of its market share. On Tuesday, Kantar Worldpanel ComTech, a research firm, stated the market share of Apple Inc’s iPhone has declined in three key regions in the world during the last…
A car’s dashboard is now becoming the new marketplace and will compete with your smartphone, tablet and laptop for your taps and clicks. On Tuesday, General Motors stated it will equip its newer cars with e-commerce technology built-in to its dashboard. As a result, drivers of its future product line will have the ability to…
Although the move has been described by Venezuela’s opposition as having no future, this is the first time that a cryptocurrency is being backed by a government. In a move designed to circumvent U.S. led sanctions and shore up its collapsed economy, Venezuelan President Nicolas Maduro announced the launch of the “petro” – its own…
The potential approval will enable easyJet to pull ahead of its peers, including Lufthansa and Ryanair. On Monday, as per sources familiar with the matter at hand, easyJet, a budget airline from Britain, is set to win an unconditional approval from EU antitrust authorities to buy parts of its German peer, Air Berlin. As a…
Not only digital currencies are alike. Here is an interesting legal case involving Sweden’s Tezos cryptocurrency project where investors were left with a bad after taste. According to sources familiar with the matter at hand, Arthur and Kathleen Breitman, the couple behind the embattled cryptocurrency Tezos wants the Tezos Foundation, a Swiss-based firm, to cover…
