Text size Transversospinales / Dreamstime Let us assume that the Trump administration is advancing its threats to stop American companies from working with both ByteDance unit TikTok and Tencent Holdings-owned WeChat. What will the Chinese government do in response? Amber analyst Toni Sacconaghi has pondered that question. He owns both …
Read More »Airline shares rise as travel demand increases, reaching new post-COVID-19 heights
Airline shares were broadly higher on Tuesday, stimulated by a continuing rebound in demand from travelers for fresh post-COVID-19 highs and notable analyst remarks that stimulate investor interest. The US Global Jets exchanged trade found JETS, + 1.03% rose 3% to a nearly two-month high in morning trading. The ETF …
Read More »The Kodak insider donation raises new concerns about the company’s loan
On July 29, the culmination of Kodak’s recent 2.757% shareholding, board member George Karfunkel and his wife donated 3 million shares of Kodak shares – valued at more than $ 100 million at the time – to a synagogue called Congregation Chemdas Yisroel Inc., according to a filing of securities. …
Read More »Apple CEO Tim Cook has become a billionaire
Apple CEO Tim Cook became a billionaire this month, after nine years at the helm of the world’s most valuable company. The 59-year-old executive’s net worth surpassed the $ 1 billion mark thanks to a nearly 5 percent jump in Apple’s share price last week that raised its market value …
Read More »The MTA of New York is asking Apple to create a Face ID that works with masks
Patrick Foye, the CEO of the Metropolitan Transportation Authority, sent a letter to Apple CEO Tim Cook – received by CNN – asking the tech company to develop better Face ID technology so people do not have to remove their face masks off to unlock their phones while driving. Although …
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