The strength of the US economy was evident in the results of Walmart Inc which reported quarterly performance numbers for the holiday quarter which beat estimates, driven by increased consumer spending which led to more e-commerce purchases. The shares of the company rose by almost 3 per cent following the publication of the results. A…
United States based ride hailing company Lyft Inc is trying to be the first ride hailing company to be traded publicly and would flaunt its fast growth in the United States as its main attraction points for investors for the IPO, according to media reports quoting sources with knowledge of the matter. The reports claimed…
A survey by the European Parliament revealed on Monday predicted that the biggest group in the EU legislature would be the center-right after elections in May this year, which indicates that there would also be an increase in the number of seats to the far right. According to the survey, with 29 seats, the position…
Chinese telecom giant Huawei has equated the decision of New Zealand to leave it out of the process of construction of its 5G mobile network to the All Blacks being left out of a rugby tournament. This was communicated by the Chinese firm, the largest telecommunications equipment maker in the world, through full-page ads in…
A ruling issued in Germany has accused Facebook, the largest social network of the world, of abusing its dominant position in the market to amass user information without gaining consent from them. This was followed by the social media platform being asked to curb its data collection practices in Germany. The Cambridge Analytica scandal which…
Despite the micro-blogging site Twitter Inc. beating analysts’ estimates in terms of both revenue and adjusted earnings per share for the fourth quarter, the shares of the company dropped over concerns for not as expected forecast guidance. The profits of the company for the fourth quarter as reported by Twitter was more than double the…
Industrial equipment giant Caterpillar is being hit by a slowdown which is impacting the confidence of investors. The fourth-quarter earnings of Caterpillar missed out on the estimates of Wall Street. There was a drop of 4 per cent in sale in its Asia/Pacific business compared to a year ago primarily because of “lower demand in…
