Source: Dreamstime
Reading time: two minutes
While COVID-19 has been a nuisance for most businesses, the stay-at-home situation did lead to increased online shopping. This greatly benefitted leaders in this sector like Amazon, Etsy, Ebay and, of course, Alibaba, which posted net income of 47.59 billion yuan.
Source: Dreamstime
Reading time: two minutes
The computer networking equipment maker’s revenue decreased by 9% on a year-on-year basis, yet again disappointing investors worldwide. Earnings per share, however, rose by 22% after Cisco managed to reduce its operating expenses by 9%.
Source: Unsplash | Photographer: Mak
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While the financial results of the ride-sharing company for Q2 2020 did beat Wall Street’s estimates, they were still approximately 29% weaker compared to the same period last year.
Source: Dreamstime
Reading time: two minutes
The results are in and things are looking good for AMD. According to their earnings report for the second quarter of 2020, the company enjoyed a year-over-year revenue boost of 26%. Income from computing and graphics components for PCs and laptops also came at a whopping $1.37 billion, beating Wall Street expectations by 45%.
Source: Pexels
Reading time: eight minutes
On July 10, Bulgaria and Croatia were officially welcomed into the ERM II—the European Union’s Exchange Rate Mechanism. If you are wondering what makes this event so important, how the ERM II works in practice, and what are the benefits of adopting the euro as a national currency, keep on reading.
Source: Dreamstime
Reading time: two minutes
Yesterday, the social media giant released its second-quarter earnings report that revealed a “moderate recovery” of its ad business compared with March. The ad revenue was, however, still 23% short of the figure reported in the previous year. On the other hand, the company did manage to attract a substantial amount of new users during the pandemic, which resulted in a near-immediate stock price rally of 4.1% in the hours following the report.