Company News

Nvidia Generated $1.95 Billion in Revenue from Crypto Mining Sales

By Norma Stanley February 4, 2019

A report published by Markets Insider reveals that Nvidia has earned a whopping $1.95 billion in revenue via its crypto business. However, the official financial statement of the company has claimed a crypto-related revenue of $602 million. RBC analyst, Mitch Steves, told that the actual number is at least three times higher. “We think NVDA […]Continue Reading

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Chinese Tech Giant Huawei’s Top Executive Charged for Stealing By U.S.A.

By Brian Stanley January 30, 2019

Chinese tech giant Huawei’s chief executive has been charged with criminal charges for stealing trade secrets, misleading banks about its business and violating U.S. sanctions. Huawei entirely denied committing any violation mentioned in the indictment. These charges were announced just before a critical two-day round of trade talks between China and the United Continue Reading

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Commerce Chief Tells Unpaid Federal Workers to Get Loans

By Norma Stanley January 28, 2019

U.S. Commerce Secretary Wilbur Ross on Thursday advised the furloughed federal workers who would be facing a second missed paycheck to get loans to pay their pending bills. He also added he doesn’t understand why the federal workers have any issue availing loans. Ross, who made a fortune buying distressed companies, said it was disappointing […]Continue Reading

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Ford Focuses on Doubling Profit

By Katherine Miller January 28, 2019

Jim Hackett, Chief Executive of Ford Motor Co, said on Thursday that the company would be aiming to double its annual operating profit this year. Ford, the No.2 automaker in the U.S. had mediocre gains last year. Hackett’s comments on the coming year’s profits were made in an email to the employees at Ford. Ford […]Continue Reading

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Financial Technology venture fund Augmentum invests 7.5 million pounds in small business lender Iwoca

By Evan Vaughn January 28, 2019

Aimed at funding balance sheet expansion and accelerating growth of Iwoca’s product offerings and market share. The SME lender will use its award-winning technology to break the barriers obstructing access to finance for over 20 million European small businesses. While many firms are addressing the SME lending market, very few have a credit-product as advanced […]Continue Reading

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IRS readies for Tax filing Season with looming Chaos

By Brian Stanley January 28, 2019

The United States Internal Revenue Service (IRS) will be starting tax filing season on the next Monday. There is a high chance of the season to become chaotic as the IRS is hard-pressed on workforce by the on-going shutdown. This could be the worst chapter of the current shutdown which has been dragging for 34 […]Continue Reading

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Business Elites adopt Somber Tone in Davos this Year

By Adrian Todaro January 28, 2019

After the global disruptions through trade wars and local issues like Brexit, the moods of the businessmen have indeed gone down. The on-going World Economic Forum is also not prone to that change. Many business elites from across the globe who have raised doubt over the performance of economy this year. The head of world’s […]Continue Reading

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Microsoft’s Bing Search Engine is no longer Accessible in China

By Teresa Taylor January 27, 2019

Amid trade tensions between the United States and China, China has blocked the access of Microsoft’s search engine Bing. And with the blocking of Bing, China blocked all major non-Chinese search engines that had been operating there. And according to the reports from the sources, the order to block the search engine had come from […]Continue Reading

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Spanish Auto Firm SEAT to Use Blockchain for Driving Up Efficiency

By Teresa Taylor January 23, 2019

After the banking and financial technology firms, the blockchain technology has found a new client in the automobile industry. SEAT, a Spanish car maker, has joined hands with the Alastria consortium to develop products and services based on blockchain technology. The carmaker is looking to develop a system for exchanging its various product and services […]Continue Reading

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Alipay secures smooth business amidst Brexit tensions

By Katherine Miller January 23, 2019

China’s leading mobile and online payments app Alipay has received e-money license in Luxembourg. Alipay already holds a license issued by Britain’s Financial Conduct Authority. Luxembourg, a small country between Belgium, Germany, and France gave Alipay the surety of uninterrupted and smooth business in the event of a strong exit of UK from the European […]Continue Reading