SoftBank shares extended their losses on Wednesday, wiping out over $12 billion in market value this week, amid jitters over the Japanese conglomerate’s latest tech investing strategy. Shares of the company fell another 3% by Wednesday’s close, leaving SoftBank with a market cap of 11.9 trillion yen ($112.1 billion). That was down sharply from the roughly […] Read more
DAILY USD/CHF TECHNICAL OUTLOOK Trend Daily Chart Sideways Daily Indicators Neutral 21 HR EMA 0.9714 55 HR EMA 0.9717 Trend Hourly Chart Sideways Hourly Indicators Neutral 13 HR RSI 44 14 HR DMI -ve Daily Analysis Choppy consolidation to continue Resistance 0.9802 – Apr’s high (24th) 0.9783 – May’s high (07) 0.9760 – Mon’s high […] Read more
Anchors and crew work on the set of ABS-CBN’s news program on Feb. 11.Photographer: Ezra Acayan/Getty Images The Philippines’ largest media company, often a target of criticism from the nation’s president, had trading in its shares halted, a day after the government shuttered its television and radio stations. ABS-CBN Corp. was ordered to close by […] Read more
For anyone who needs translation services for a variety of media projects then consider getting your solutions from TOP platform today. There is no other platform like TOP that offers the best in translation services and so much more. This platform can give you access to dozens of languages for translation services and the best […] Read more
Britain’s media regulator Ofcom has been chosen by the government to crack down on social media companies over how they deal with harmful content. The watchdog will be handed new powers by London, allowing it to impose a “duty of care” on technology giants like Facebook, Google and Twitter to ensure they take a proactive […] Read more
Facebook will start removing misinformation about the coronavirus outbreak from its platforms. In a blog post late Thursday, Facebook Head of Health Kang-Xing Jin said the firm would “remove content with false claims or conspiracy theories that have been flagged by leading global health organizations and local health authorities that could cause harm to people […] Read more
Chinese consumers are cooling on the iPhone, according to a new report by Credit Suisse analysts. iPhone shipments in China dropped 35.4% in November compared to the same time last year, the analysts wrote in a note Thursday, despite a slight increase in the Chinese smartphone market at the same time. The analysts said Chinese […] Read more
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Amazon has signed more than a dozen leases in the Los Angeles area as part of its plan to open a chain of grocery stores, the Wall Street Journal reported Tuesday. The first few stores, which could open as early as the end of the year, will likely be located in Woodland Hills and Studio […] Read more
Morgan Stanley: Buy Apple now before earnings next week because the bad news is already in the stock
The bar is set low for Apple’s earnings next Tuesday so Morgan Stanley says it’s a good time to buy the stock. “We believe the recent pullback is an attractive entry point given upcoming services launches and shares already pricing in extremely cautious iPhone replacement cycle and average selling price headwinds,” the bank’s analyst Katy […] Read more
