Companies & CEOs
Wonderbox: how to be blessed with success - 02/08/2018
Twenty years ago, the market barely existed. Today, it carries major operators which count employees by the hundreds and income by the hundreds of millions, with Wonderbox at the top. Because the market was created ex-nihilo (the first operators did not respond to a demand, but created it themselves), it became an excellent case study for early market development. How did a non-existing market give birth to a European leader worth nearly 200 million euros in sales in just a few years?
Worst week ever for the richest people on Earth - 02/07/2018
A few days ago, Donald Trump boasted of success in the economy and finance. Yet, the collapse of the stock indices put him in an embarrassing situation, Bloomberg notes. Super-rich, who lost billions of dollars in one day, were harmed, too. The turbulent events in the US stock market broke the longest growth in its history and dealt a severe blow to members of all lists of America's richest...
The largest hi-tech deal in the world is still in doubt - 02/05/2018
There is a storm in the sector of chip production now, and the stakes rose to one and a half hundred billion dollars. The merger of Broadcom and Qualcomm will create an absolute leader in the chip market. Broadcom Ltd, which wants to absorb or merge with Qualcomm Inc., made a new proposal and it is difficult to resist. The US chip maker has raised the offer to almost 145 billion dollars. Thanks...
Weak forecast puts Apple’s shares down - 02/02/2018
Apple announced financial results for the first quarter of fiscal year 2018, which ended December 30, 2017. The company's earnings for the past holiday season increased. Yet, this did not save the stock from falling as the forecast for the next quarter upset Wall Street. Apple's revenue for the quarter was $ 88.3 billion, up 13% from a year earlier, while net income per share for the period was $...
Samsung to produce chips for mining - 01/31/2018
South Korean giant Samsung has started production of equipment for bitcoin mining and other crypto-currencies, CCN writes citing local media. The corporation owns one of the world's largest semiconductor manufacturing plants, which last year completed development of new chips for ASIC-miners. Mass production began in January, writes TheBell. According to the publication, Samsung entered into an...
ExxonMobil to invest up to $ 50 billion in the US economy - 01/30/2018
US oil and gas giant ExxonMobil plans to invest billions of dollars in the US economy due to the recently approved reduction in corporate tax rates in the US, the company's executive director said. The head of the world's largest publicly traded oil producer Darren Woods wrote in his blog on the company website that Exxon expects to spend $ 50 billion on projects in the US over the next 5 years....
IMF: The monetary union did not equalize the incomes of Europeans - 01/30/2018
The economic and monetary union, as its architects expected, was to provide the EU with macroeconomic stability, GDP growth and equalization of the incomes of the population of rich and poor countries, lower interest rates, increase capital mobility and stimulate trade. However, real convergence of incomes did not happen, and forced unification of rates with a continuing gap in inflation and...
Spending on lobbying activities in the Silicon Valley doubles under Trump’s presidency - 01/29/2018
Silicon Valley is breaking records. Under President Donald Trump, the costs of lobbying his interests for some of the companies have doubled. What is the reason for such high costs and how are Google and Apple coping with the new reality? During the first year of Donald Trump's presidency, large companies spent record amounts of money lobbying their interests in the White House, as follows from...
What you need to know about Mitsubishi Bank's cryptoprojects - 01/26/2018
The bank, which is the eighth largest in terms of assets, is going to create its own virtual token and crypto-exchange. Without taking into account the correction, the growth of the crypto-currency market practically did not stop during the last year. For the period from the beginning of 2017 to January 7, 2018, the aggregate market capitalization of all crypto-currencies has increased by more...
Nvidia wants to limit sales of video cards - 01/25/2018
One of the world's leading manufacturers of video cards for computers and laptops, Nvidia, is extremely unhappy with the high demand for its products and the fact that its prices in 2017 almost doubled. This dissatisfaction is caused by unprecedented boom in the video card market, related to "crypto-currency fever". The miners are buying up almost all the goods in stores, because of which the...
