Three e-commerce companies received a bullish call in a Jefferies note Monday with the company raising Amazon’s price targets. (AMZN) – Get reportEBAY (EBAY) – Get report and Etsy (ETSY) – Get report. Amazon’s target price rose to $ 3,800 from $ 3,100, while eBay’s target price was raised to …
Read More »Jack Ma’s Ant Group selects Hong Kong and Shanghai for IPO
Ant Group announced Monday that it is planning “a concurrent initial public offering” in Hong Kong and the Shanghai Star Market, China’s response to Nasdaq. Ant is affiliated with the electronic commerce giant Alibaba (SLIME), which raised a record $ 25 billion when it debuted on Wall Street in 2014, …
Read More »Mastercard achieves a cryptocurrency card deal with British startup Wirex
Mastercard credit cards Roberto Machado Noa / LightRocket via Getty Images Mastercard has expanded its cryptocurrency program to make it easier for companies in the space to issue their own payment cards. The company has signed an agreement with Wirex that makes the London-based startup the first “native” cryptocurrency platform …
Read More »UAE successfully launches Mars probe, a historic first for the Arab world
An Emirati passes in front of a screen showing the Mars “Hope” probe at the Mohammed Bin Rashid Space Center in Dubai on July 19, 2020, before its planned launch from Japan. The probe is one of three races to the Red Planet, with Chinese and American rockets also taking …
Read More »Microsoft reports earnings on Wednesday. This is what to expect.
Text size Dominick Reuter / AFP via Getty Images Microsoft shares have climbed to new highs during the Covid-19 pandemic, as companies accelerate their adoption of cloud-based software. This has given a boost to both Azure, the company’s public cloud service, and cloud-based apps like Office 365 and Teams. How …
Read More »