What We Know About Mastercard's Reported New Interest In Cryptocurrencies
* Stories are summarized by an A.I.
* Stocks or companies mentioned: MA, AAPL, GOOG, AMZN, EL, Huawei, V, WORK, GE, and TWTR
What We Know About Mastercard's Reported New Interest In Cryptocurrencies
MA (Mastercard Incorporated) | Benzinga
The report comes at a time when Mastercard has already partnered with Facebook, Inc. (NASDAQ: FB) to participate in the Libra cryptocurrency. Ted Rossman, an analyst with CreditCards.com, said Mastercard is likely motivated to be viewed more as a "technology company" than a simple "card company." Why It's ImportantRival Visa Inc (NYSE: V)'s ambitions in the cryptocurrency space are a little bit more known. Other recent moves in the cryptospace include fintech company Square Inc (NYSE: SQ) offering bitcoin deposits on its mobile Cash App. What's NextMastercard Senior Vice President Seth Eisen didn't directly confirm the report, and told the Post the company looks for new ways to generate value.
Read More
Apple TV Plus to reportedly launh by November for about $10 per month
AAPL (Apple Inc.) | CNET
Apple officially announced its Apple TV Plus subscription service in the spring but has since been silent about important details, such as cost and launch date. The iPhone maker's subscription service for its exclusive original shows and films will debut by November at a possible cost of $10 per month, Bloomberg reported Monday. At a splashy event in March at its headquarters in Cupertino, California, Apple finally confirmed it plans to launch the Netflix competitor offering original TV shows and movies sometime in the fall. Apple CEO Tim Cook heralded Apple TV Plus as being "unlike anything that's been done before." Apple didn't immediately respond to a request for comment.
Read More
Google, Facebook, Amazon decry French digital tax as discriminatory
GOOG (Alphabet Inc.) | Money Control
American tech giants Amazon, Facebook and Google have joined forces to decry the French digital tax as retroactive and discriminatory. The proposed three percent tax on total annual revenues of companies that provide services to French consumers applies only to the largest tech companies, which are mostly US-based. The tax "negatively impacts Amazon and thousands of small and medium businesses," Hiltz said. The tax will apply to about 30 companies with at least USD28 million (25 million euros) in sales in France and USD831 million worldwide. The tax touches "a handful of internet business when every sector is becoming digital," Google's Nicholas Bramble said at the hearing.
Read More
Amazon: Fundamental Valuation Update
AMZN (Amazon.com Inc.) | Seeking Alpha
So, let's look at the current price of Amazon (AMZN) from this perspective. By and large Amazon is three almost separate companies: (1) North America e-commerce, (2) International e-commerce, and (3) Amazon Web Services. In the financial statements, Amazon only discloses data on digital advertising revenue as part of the overall result of the “Other” segment:Amazon absolutely does not disclose information about the profitability of the advertising segment. But Amazon has the ability to save on operating costs by sharing their value with the company's main business. Therefore, the operating margin of Amazon's advertising segment has a high chance of being at the level of 35-40%.
Read More
This S&P 500 Stock Rocketed 13% Higher Because of Strong Consumer
EL (Estee Lauder Companies Inc. (The)) | CCN
The S&P 500 is comprised of nearly a dozen sectors, all of which traded in the green today. Leading the charge is skincare stock Estee Lauder, which is a reflection of the strong consumer that continues to keep this economy afloat. Estee Lauder has factored in the impact from the tariffs, so any surprise to the upside on that front could unlock further gains. S&P 500: Don't Mess with the BullsThe Dow Jones ended the day hovering above 26,000 to 26,136, about 800 points higher than last week's bottom, while the S&P 500 ended 1 percent higher to 2,923. Tomorrow Home Depot is reporting earnings, and the stock is trading higher in after-hours trading.
Read More
Asian shares mostly rise after Wall Street rally on Huawei
002502 (Huawei Technology Company Ltd) | The Washington Post
Technology stocks were leading indexes higher on Wall Street after the U.S. gave Chinese telecom giant Huawei another 90 days to buy equipment from American suppliers. (Richard Drew/Associated Press)TOKYO — Asian shares were mostly higher Tuesday after Wall Street rallied on the U.S. decision to give Chinese telecom giant Huawei another 90 days to buy equipment from American suppliers. On Wall Street, the S&P 500 climbed 34.97 points, or 1.2%, to 2,923.65. The Nasdaq, which is heavily weighted with technology stocks, rose 106.82 points, or 1.3%, to 8,002.81. Huawei has become part of the trade war, with the White House showing a willingness to use sanctions against the company as a bargaining chip.
Read More
Visa Pushes Back On India’s No-Fee Debit Plan
V (Visa Inc.) | PYMNTS
Visa is unhappy with India’s plan to require banks and card payment networks to offer no-fee debit card transactions. The plan aims to spark adoption of electronic payments in the country, according to Reuters. As of May there were 824.9 million debit cards in circulation in India, compared with 48.9 million credit cards. But banks fear that the no-fee debit card plan could impact their fee revenues as they continue to deal with bad loans of about $150 billion. India’s digital payments market is expected to hit $1 trillion by 2023, according to a report by Credit Suisse Group AG.
Read More
Enterprise Software Startup Ally Nabs $8M to Support Global Growth
WORK (Slack Technologies, Inc.) | Xconomy
Ally, a startup developing software to help businesses chart strategies and track progress toward meeting goals, announced Monday it has raised $8 million from investors to support the Bellevue, WA-based company’s growth. Ally, which Vetri Vellore founded last year and leads as CEO, says his startup has raised a total of $11 million in outside funding. Vellore worked at Microsoft for 14 years, and had stints as a director and product unit manager at the software giant. Ally’s products, meanwhile, are designed to let business leaders set long-term strategic initiatives based on a framework of “objectives and key results,” or OKR, Vellore says. “You start thinking about, ‘What are your strategies for the next year—or maybe even three years?,’” Vellore says, explaining how some Ally customers use the software.
Read More
General Electric fortifies defence against charges of bogus accounting
GE (General Electric Company) | Money Control
GE's shares fell as much as 15% after Markopolos' report came out, recouping much of the decline on Friday. On Monday, GE shares were down 1.4% at $8.67 in afternoon trading. It also is the subject of a class-action shareholder lawsuit that alleges fraud in GE's insurance and other accounting. Short sales of GE shares rose by about $995 million in the month before Markopolos' report came out, according to S3 Partners, a New York financial analytics firm. Regarding Baker Hughes, GE said on Monday that the company's assets and income are correctly included in GE's financial reports because GE owns 50.2%, down from 50.4% last year.
Read More
China accused of using Twitter, Facebook against Hong Kong protests
TWTR (Twitter Inc.) | Money Control
Twitter and Facebook have said they had uncovered a campaign by China to use the social media platforms against pro-democracy protests in Hong Kong. Facebook said a tip from Twitter led to the removal of a network of pages, groups and accounts originating in China and involved in "coordinated inauthentic behaviour" focusing on Hong Kong. "Based on our intensive investigations, we have reliable evidence to support that this is a coordinated state-backed operation," Twitter said. "We identified large clusters of accounts behaving in a coordinated manner to amplify messages related to the Hong Kong protests." "They frequently posted about local political news and issues including topics like the ongoing protests in Hong Kong," Gleicher said.
Read More
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* Stocks or companies mentioned: MA, AAPL, GOOG, AMZN, EL, Huawei, V, WORK, GE, and TWTR
What We Know About Mastercard's Reported New Interest In Cryptocurrencies
MA (Mastercard Incorporated) | Benzinga
The report comes at a time when Mastercard has already partnered with Facebook, Inc. (NASDAQ: FB) to participate in the Libra cryptocurrency. Ted Rossman, an analyst with CreditCards.com, said Mastercard is likely motivated to be viewed more as a "technology company" than a simple "card company." Why It's ImportantRival Visa Inc (NYSE: V)'s ambitions in the cryptocurrency space are a little bit more known. Other recent moves in the cryptospace include fintech company Square Inc (NYSE: SQ) offering bitcoin deposits on its mobile Cash App. What's NextMastercard Senior Vice President Seth Eisen didn't directly confirm the report, and told the Post the company looks for new ways to generate value.
Read More
Apple TV Plus to reportedly launh by November for about $10 per month
AAPL (Apple Inc.) | CNET
Apple officially announced its Apple TV Plus subscription service in the spring but has since been silent about important details, such as cost and launch date. The iPhone maker's subscription service for its exclusive original shows and films will debut by November at a possible cost of $10 per month, Bloomberg reported Monday. At a splashy event in March at its headquarters in Cupertino, California, Apple finally confirmed it plans to launch the Netflix competitor offering original TV shows and movies sometime in the fall. Apple CEO Tim Cook heralded Apple TV Plus as being "unlike anything that's been done before." Apple didn't immediately respond to a request for comment.
Read More
Google, Facebook, Amazon decry French digital tax as discriminatory
GOOG (Alphabet Inc.) | Money Control
American tech giants Amazon, Facebook and Google have joined forces to decry the French digital tax as retroactive and discriminatory. The proposed three percent tax on total annual revenues of companies that provide services to French consumers applies only to the largest tech companies, which are mostly US-based. The tax "negatively impacts Amazon and thousands of small and medium businesses," Hiltz said. The tax will apply to about 30 companies with at least USD28 million (25 million euros) in sales in France and USD831 million worldwide. The tax touches "a handful of internet business when every sector is becoming digital," Google's Nicholas Bramble said at the hearing.
Read More
Amazon: Fundamental Valuation Update
AMZN (Amazon.com Inc.) | Seeking Alpha
So, let's look at the current price of Amazon (AMZN) from this perspective. By and large Amazon is three almost separate companies: (1) North America e-commerce, (2) International e-commerce, and (3) Amazon Web Services. In the financial statements, Amazon only discloses data on digital advertising revenue as part of the overall result of the “Other” segment:Amazon absolutely does not disclose information about the profitability of the advertising segment. But Amazon has the ability to save on operating costs by sharing their value with the company's main business. Therefore, the operating margin of Amazon's advertising segment has a high chance of being at the level of 35-40%.
Read More
This S&P 500 Stock Rocketed 13% Higher Because of Strong Consumer
EL (Estee Lauder Companies Inc. (The)) | CCN
The S&P 500 is comprised of nearly a dozen sectors, all of which traded in the green today. Leading the charge is skincare stock Estee Lauder, which is a reflection of the strong consumer that continues to keep this economy afloat. Estee Lauder has factored in the impact from the tariffs, so any surprise to the upside on that front could unlock further gains. S&P 500: Don't Mess with the BullsThe Dow Jones ended the day hovering above 26,000 to 26,136, about 800 points higher than last week's bottom, while the S&P 500 ended 1 percent higher to 2,923. Tomorrow Home Depot is reporting earnings, and the stock is trading higher in after-hours trading.
Read More
Asian shares mostly rise after Wall Street rally on Huawei
002502 (Huawei Technology Company Ltd) | The Washington Post
Technology stocks were leading indexes higher on Wall Street after the U.S. gave Chinese telecom giant Huawei another 90 days to buy equipment from American suppliers. (Richard Drew/Associated Press)TOKYO — Asian shares were mostly higher Tuesday after Wall Street rallied on the U.S. decision to give Chinese telecom giant Huawei another 90 days to buy equipment from American suppliers. On Wall Street, the S&P 500 climbed 34.97 points, or 1.2%, to 2,923.65. The Nasdaq, which is heavily weighted with technology stocks, rose 106.82 points, or 1.3%, to 8,002.81. Huawei has become part of the trade war, with the White House showing a willingness to use sanctions against the company as a bargaining chip.
Read More
Visa Pushes Back On India’s No-Fee Debit Plan
V (Visa Inc.) | PYMNTS
Visa is unhappy with India’s plan to require banks and card payment networks to offer no-fee debit card transactions. The plan aims to spark adoption of electronic payments in the country, according to Reuters. As of May there were 824.9 million debit cards in circulation in India, compared with 48.9 million credit cards. But banks fear that the no-fee debit card plan could impact their fee revenues as they continue to deal with bad loans of about $150 billion. India’s digital payments market is expected to hit $1 trillion by 2023, according to a report by Credit Suisse Group AG.
Read More
Enterprise Software Startup Ally Nabs $8M to Support Global Growth
WORK (Slack Technologies, Inc.) | Xconomy
Ally, a startup developing software to help businesses chart strategies and track progress toward meeting goals, announced Monday it has raised $8 million from investors to support the Bellevue, WA-based company’s growth. Ally, which Vetri Vellore founded last year and leads as CEO, says his startup has raised a total of $11 million in outside funding. Vellore worked at Microsoft for 14 years, and had stints as a director and product unit manager at the software giant. Ally’s products, meanwhile, are designed to let business leaders set long-term strategic initiatives based on a framework of “objectives and key results,” or OKR, Vellore says. “You start thinking about, ‘What are your strategies for the next year—or maybe even three years?,’” Vellore says, explaining how some Ally customers use the software.
Read More
General Electric fortifies defence against charges of bogus accounting
GE (General Electric Company) | Money Control
GE's shares fell as much as 15% after Markopolos' report came out, recouping much of the decline on Friday. On Monday, GE shares were down 1.4% at $8.67 in afternoon trading. It also is the subject of a class-action shareholder lawsuit that alleges fraud in GE's insurance and other accounting. Short sales of GE shares rose by about $995 million in the month before Markopolos' report came out, according to S3 Partners, a New York financial analytics firm. Regarding Baker Hughes, GE said on Monday that the company's assets and income are correctly included in GE's financial reports because GE owns 50.2%, down from 50.4% last year.
Read More
China accused of using Twitter, Facebook against Hong Kong protests
TWTR (Twitter Inc.) | Money Control
Twitter and Facebook have said they had uncovered a campaign by China to use the social media platforms against pro-democracy protests in Hong Kong. Facebook said a tip from Twitter led to the removal of a network of pages, groups and accounts originating in China and involved in "coordinated inauthentic behaviour" focusing on Hong Kong. "Based on our intensive investigations, we have reliable evidence to support that this is a coordinated state-backed operation," Twitter said. "We identified large clusters of accounts behaving in a coordinated manner to amplify messages related to the Hong Kong protests." "They frequently posted about local political news and issues including topics like the ongoing protests in Hong Kong," Gleicher said.
Read More
Download Folo, add stock symbols to your watchlist, and get notified.
When you look up U.S or China stock symbols and add them to Watchlist, Folo, an A.I. based news curator will keep you updated with stock news from 270 sources.
Download on the App Store
http://folo.moya.ai
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