Tencent to lead development of blockchain-based invoices
* Stories are summarized by an A.I.
* Companies mentioned: TCEHY, AAPL, UBER, BRUB and BIIB
Tencent to lead development of blockchain-based invoices
TCEHY (Tencent Holdings Ltd) | Coin Geek
Chinese messaging and internet giant Tencent has received the green light to lead in the development of the first international standards for blockchain-based invoices. The project was approved by the State Administration of Taxation in China, a report by Chinese outlet Global Times revealed. Named “General Framework for DLT-Based Invoices”, the project reportedly received the support of the U.K., Brazil, Switzerland and Sweden during an international meeting on e-invoice standards. Tencent, which is the parent company of popular messaging platform WeChat, will partner with the taxation bureau in Shenzhen on the project. E-invoicing is an appropriate field for blockchain application probes and trials currently, which could in turn promote tech development.
Read More
Apple tunes out trade war as new AirPods, services lift holiday outlook
AAPL (Apple Inc.) | Reuters
“I certainly hope it happens during the quarter, but we’ll see about that.” The forecast comes as the Cupertino, California-based company said it generated $33.36 billion in iPhone sales for its fiscal fourth quarter ended in September, which compares with analyst expectations of $32.42 billion, according to Refinitiv data.
Read More
Uber Q3 Earnings Preview: Buy Ride-Hailing Stock After Lyft's Success?
UBER (Uber Technologies Inc) | Zacks
The company’s full-year fiscal 2019 sales are projected to jump 25.3% from $11.27 billion in 2018 to $14.12 billion, which would mark an improvement from the second quarter’s 14% sales expansion.Peeking even further ahead, Uber’s fiscal 2020 sales are expected to surge 35% above our current-year estimate to reach $19.08 billion.Uber is still projected to report an adjusted quarterly loss of -$0.83 per share in Q3 and a full-year loss of -$7.07.
Read More
Grubhub: Don't Fight An Overly Competitive Market
GRUB (GrubHub Inc.) | Seeking Alpha
The thesis with Grubhub has always been that the market valued the company based off peak earnings in a market segment where aggressive competitors weren't going to give up on a global online food market, now targeted at approaching $200 billion in 2025. Evidently, this concept just hit a wall as the easy expansion in the online food ordering and delivery sector maxed out. The online food delivery service did miss revenue targets by a decent $7 million, but the real issue was guidance. While not wanting to stay bearish on Grubhub during a downcycle and a much lower stock price, the market only appears now to be rightsizing the lack of economies of scale in the food delivery market. If the company reverted back to the 20% EBITDA margins due to a more normalized competitive position in the online food ordering and delivery market, the stock could be viewed as very cheap.
Read More
New Alzheimer Treatment Could ‘Take The Brakes Off The Body’s Repair Systems’ Allowing It To Repair Itself
BIIB (Biogen Inc.) | Forbes
NervGen Pharma wants to advance its proprietary therapeutic technology platform, currently in development for spinal cord injury and multiple sclerosis (MS), to generate new treatments for Alzheimer's disease. “The essence of our technology is that it takes the brakes off the body’s repair systems and allows the nervous system to repair itself,” said Bill Radvak, the company’s executive chairman and co-founder. NervGen has been studying the compound to treat spinal cord injury. Experts say, by 2025, the number of seniors with Alzheimer's disease could reach 7.1 million, and the prevalence of Alzheimer's disease could reach 13.8 million by 2050. The estimated cost in 2019 of caring for Americans with Alzheimer's disease and other dementias is $277 billion, a number that does not include unpaid caregiving.
Read More
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* Companies mentioned: TCEHY, AAPL, UBER, BRUB and BIIB
Tencent to lead development of blockchain-based invoices
TCEHY (Tencent Holdings Ltd) | Coin Geek
Chinese messaging and internet giant Tencent has received the green light to lead in the development of the first international standards for blockchain-based invoices. The project was approved by the State Administration of Taxation in China, a report by Chinese outlet Global Times revealed. Named “General Framework for DLT-Based Invoices”, the project reportedly received the support of the U.K., Brazil, Switzerland and Sweden during an international meeting on e-invoice standards. Tencent, which is the parent company of popular messaging platform WeChat, will partner with the taxation bureau in Shenzhen on the project. E-invoicing is an appropriate field for blockchain application probes and trials currently, which could in turn promote tech development.
Read More
Apple tunes out trade war as new AirPods, services lift holiday outlook
AAPL (Apple Inc.) | Reuters
“I certainly hope it happens during the quarter, but we’ll see about that.” The forecast comes as the Cupertino, California-based company said it generated $33.36 billion in iPhone sales for its fiscal fourth quarter ended in September, which compares with analyst expectations of $32.42 billion, according to Refinitiv data.
Read More
Uber Q3 Earnings Preview: Buy Ride-Hailing Stock After Lyft's Success?
UBER (Uber Technologies Inc) | Zacks
The company’s full-year fiscal 2019 sales are projected to jump 25.3% from $11.27 billion in 2018 to $14.12 billion, which would mark an improvement from the second quarter’s 14% sales expansion.Peeking even further ahead, Uber’s fiscal 2020 sales are expected to surge 35% above our current-year estimate to reach $19.08 billion.Uber is still projected to report an adjusted quarterly loss of -$0.83 per share in Q3 and a full-year loss of -$7.07.
Read More
Grubhub: Don't Fight An Overly Competitive Market
GRUB (GrubHub Inc.) | Seeking Alpha
The thesis with Grubhub has always been that the market valued the company based off peak earnings in a market segment where aggressive competitors weren't going to give up on a global online food market, now targeted at approaching $200 billion in 2025. Evidently, this concept just hit a wall as the easy expansion in the online food ordering and delivery sector maxed out. The online food delivery service did miss revenue targets by a decent $7 million, but the real issue was guidance. While not wanting to stay bearish on Grubhub during a downcycle and a much lower stock price, the market only appears now to be rightsizing the lack of economies of scale in the food delivery market. If the company reverted back to the 20% EBITDA margins due to a more normalized competitive position in the online food ordering and delivery market, the stock could be viewed as very cheap.
Read More
New Alzheimer Treatment Could ‘Take The Brakes Off The Body’s Repair Systems’ Allowing It To Repair Itself
BIIB (Biogen Inc.) | Forbes
NervGen Pharma wants to advance its proprietary therapeutic technology platform, currently in development for spinal cord injury and multiple sclerosis (MS), to generate new treatments for Alzheimer's disease. “The essence of our technology is that it takes the brakes off the body’s repair systems and allows the nervous system to repair itself,” said Bill Radvak, the company’s executive chairman and co-founder. NervGen has been studying the compound to treat spinal cord injury. Experts say, by 2025, the number of seniors with Alzheimer's disease could reach 7.1 million, and the prevalence of Alzheimer's disease could reach 13.8 million by 2050. The estimated cost in 2019 of caring for Americans with Alzheimer's disease and other dementias is $277 billion, a number that does not include unpaid caregiving.
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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