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.
Travel in a Post COVID-19 World: What Will Change?
Source: Pexels | Author: Anna Shvets
Reading time: 10 minutes
If we can all agree on one thing, it’s that the world will never be the same after COVID-19.
It has been estimated that the better part of the global population currently faces travel restrictions, about 25 million people in aviation and a 100 million more in the travel sector are at risk of losing their jobs, and the world is still reeling from the billions upon billions of lost profits. In unprecedented times like these, many are wondering if the days of travel as we remember it are over.
Expedia’s Shares Tumble by 15% As It Reports Fewer Bookings
Source: Depositphotos | Author: DeltaStock
Reading time: two minutes
The price per share fell after the online travel company announced its weaker-than-usual earnings release for its first quarter of 2020. Expedia executives, however, remain optimistic, stating that they have observed higher booking activity in recent weeks and are hard at work coming up with new ways of promoting the business beyond investing in Google Ads campaigns.