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Short Sellers Piling Into Chinese Stocks As Trade Tensions Rise
Friday, September 18, 2020 - 5:00pm | 555Trade tensions between China and the U.S. are once again on the rise over President Donald Trump’s threats to ban TikTok and WeChat in the U.S. starting on Sunday. With the November election now only about six weeks away, S3 Partners analyst Ihor Dusaniwsky said short sellers are...
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Why Trump's TikTok Ban Could Be 'Fort Sumter Moment' In Cold Tech War Between US, China
Friday, September 18, 2020 - 11:03am | 826The drama over the fate of popular Chinese-owned social media platform TikTok is ongoing Friday, with the U.S. Commerce Department announcing that it will ban U.S. business transactions on TikTok starting Sunday. What Happened? Chinese-owned TikTok and WeChat will seemingly no longer be able...
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Apple Analysts See 'Once In A Decade' Opportunity Ahead Of iPhone 'Supercycle'
Monday, August 24, 2020 - 11:00am | 733Even as Apple Inc.'s (NASDAQ: AAPL) shares are hovering around all-time highs, Wall Street analysts see the scope for further upside. The Apple Analysts: Wedbush analyst Daniel Ives maintained an Outperform rating for Apple shares with a $515 price target. Morgan Stanley...
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Apple Analyst Talks 'Fortnite' Lawsuit, WeChat Ban And 'Worrisome' Slowdown In China
Tuesday, August 18, 2020 - 12:55pm | 433From removing “Fortnite” to a potential ban on WeChat in the U..S, there has been a lot of news related to the Apple, Inc. (NASDAQ: AAPL) App Store in recent weeks. Bank of America analyst Wamsi Mohan said Tuesday the safest place for investors to watch the drama unfold is from the...
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Fintech Focus For August 10, 2020
Sunday, August 9, 2020 - 9:22pm | 2244Daily Perspective: Only the paranoid survive. - Andy Grove Fintech Movers: Goldman Sachs is seriously considering its own cryptocurrency, possibly a stablecoin, as it significantly expands its digital assets team and appoints a new head to spearhead efforts. - Coindesk Capital markets DLT on cusp...
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Fintech Focus Roundup For August 8, 2020
Sunday, August 9, 2020 - 9:12pm | 973Why The Rocket IPO Marks A Paradigm Shift In Finance What Is Happening? Rocket Companies, home to Quicken Loans, the nation's largest retail mortgage lender, priced its 100-million share IPO offering at $18 per share, valuing the company at about $36 billion. What Does It Mean? The IPO is just...
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'A Long Way To Go': Stock Market Update For The Week Ahead
Sunday, August 9, 2020 - 5:39pm | 3073The Past Week, In A Nutshell What Happened: Stocks closed the week higher after investors regained optimism regarding a sustained recovery. Remember This: “Earnings season has been very impressive so far, now you can couple that with the employment backdrop quickly improving as well. Not a...
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Messaging App WeChat Launches 'Minishop' To Compete With Alibaba, JD In China's e-Commerce Sector
Thursday, July 16, 2020 - 5:08am | 319Business owners and merchants on Tencent Holding Ltd's (OTC: TCEHY) messaging application WeChat will be able to build virtual stores using a new tool called "WeChat Minishop" on a trial basis. What Happened Minishop incorporates order management services, transaction, logistics, and...
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Tencent To Invest $70B In Cloud, AI Projects In China, As Country Looks To Move Past Pandemic
Wednesday, May 27, 2020 - 6:10am | 351China's Tencent Holdings Ltd. (OTC: TCEHY) has committed nearly $70 billion for investment in the emerging technology sector in the country over the next five years, CNBC reported Tuesday. What Happened The WeChat parent company will invest in startups working with technologies like artificial...
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Cowen: Nike's Chinese Growth Unthreatened By NBA Turmoil
Sunday, October 13, 2019 - 4:52pm | 459NBA games during the upcoming season could be further restricted in China, but Cowen said it's is skeptical it will materially affect Nike Inc (NYSE: NKE)'s most profitable region. The Analyst John Kernan reiterated an Outperform rating on Nike with a $105 price target...
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PwC Exec: Biggest Threat To Banks May Come From Large Tech Firms — Not Fintech
Sunday, March 10, 2019 - 2:55pm | 700If Google offered a banking product, would you sign up? The biggest threat of disruption in the banking industry may not come from fintech firms, but large technology companies. Companies like Facebook, Inc. (NASDAQ: FB), Amazon.com, Inc. (NASDAQ: AMZN) or Alphabet Inc (NASDAQ: GOOG) may...
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TD Ameritrade's Partnership With WeChat Brings Financial Education To A Surging Mobile User Base
Wednesday, December 26, 2018 - 4:15pm | 768In a decisive step toward bringing its investment research and tools to a broader audience, TD Ameritrade Holding Corp. (NASDAQ: AMTD) has partnered with Chinese tech giant Tencent Holding ADR (OTCMKTS: TCEHY) to bring a mobile version of the brokage’s research platform to the popular WeChat...
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Facebook Takes Heat From NAACP, Muslim Advocates And Trump
Tuesday, December 18, 2018 - 12:20pm | 633After tweeting that it has returned a donation from Facebook, Inc. (NASDAQ: FB), the NAACP is calling on users to #LogOutFacebook following Monday’s Senate report that revealed that Russia’s Internet Research Agency has been using Facebook to stir up racial tensions in an effort to...
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What To Know About Click Farms, The Sweatshops Of The 21st Century
Tuesday, June 20, 2017 - 10:48am | 979There are many instances when the fate of a product is decided by reviews posted online by users or the number of Facebook Inc (NASDAQ: FB) likes, Twitter Inc (NYSE: TWTR) followers and Alphabet Inc (NASDAQ: GOOGL) (NASDAQ: GOOG)'s YouTube video views. However, do these metrics really reflect the...
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Analysts Say Apple's Future Is In Transportation, Not Just A Car But An 'Experience'
Thursday, May 11, 2017 - 8:43am | 441UBS's Steven Milunovich consulted with two notable Apple Inc. (NASDAQ: AAPL) experts to gain further perspective on the company's outlook. The analyst met with Asymco's Horace Dediu and Above Avalon's Neil Cybart, both of whom are positive on Apple's business. Dediu explained to the analyst that...