Source: Unsplash.com | Photographer: Trent Yarnell
We are informing all our clients that, due to the upcoming Independence Day holiday in the U.S. (July 4th, Saturday), the trading hours of some CFD markets will change.
BlackBerry’s Q1 2021 Revenue Down 17%, Company’s CEO Assures Investors Recovery Is in Sight
Source: Dreamstime
Reading time: two minutes
The Canadian multinational company, formerly known as Research In Motion, announced its total GAAP revenue for its first quarter of fiscal 2021. The amount: $206 million, or а 17% decline year-over-year than the $247 million the company had generated for the same period last year.
Oracle’s Revenue Slides More Than Expected, Company Announces Partnership With Zoom
Source: Depositphotos
Reading time: two minutes
The cloud and data management service provider posted lower than expected earnings that led to a 5% drop in its share price in extended trading hours on Tuesday.
China’s State-backed E-Currency – Everything You Need to Know
Source: Depositphotos
Reading time: five minutes
For the past several months, the Chinese government has been hard at work to create an electronic equivalent of its national currency—the Renminbi. If successful, the e-RMB will become the first digital currency to be officially used by a leading economic power.
With that said, there are growing concerns that Chinese officials might abuse the power that comes with a state-backed digital currency to further their nationwide surveillance efforts.
Adobe Reported Its Strongest Quarterly Revenue to Date, Cites Its Cloud Offerings As Top Performers
Source: Dreamstime
Reading time: two minutes
On Thursday, July 11th, Adobe announced that it had beaten its previous quarterly income record by generating $3.13 billion in revenue, or a 14% year-over-year growth.
Ambarella Secures Higher Profits for Its First Quarter of 2021 Despite the Pandemic
Source: Pexels| Author: Leo Cardelli
Reading time: two minutes
On June 2nd, the manufacturer of semiconductors for shooting HD video content announced that its revenue has surpassed last year’s performance by 16%, reaching $54.6 million.