Author: pratiti

Uber is reaching a milestone in its current quarter earnings, riding high on pandemic driven boom in online ordering and ride bookings. The company announced today that they would be publishing their first profit for the current quarter on an adjusted basis. Stocks Gain The company’s stock was up by 8% on Tuesday after the upbeat news caught on. Uber shares have lost a 5th of their value in 2021, and this profit forecast will cheer it up. Most of it is due to the uncertainty related to the profits and driver incentives spending. Uber Technologies has spent heftily in…

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A major ray of covid hope came today with the Johnson & Johnson phase 3 covid vaccine trial data suggesting long-lasting protection from the virus. Speaking to the press, the Global Head of Janssen Research & Development, Mathai Mammen, said that the Phase 3 trials showed the Vaccine to be effective in dealing with covid deaths and hospitalizations as it provided stronger and long-lasting protection against the virus. He further revealed how the data showed an enhanced level of protection in booster doses. 6-8 Times Higher Protection The new data released today showed that their one shot covid vaccine had…

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The cryptocurrency market is rattled by a theft of $12.7m worth bitcoin from pNetwork after a hacker broke into the crypto platform. The news was confirmed by a tweet issued by the official handle of pNetwork, which said that the Hacker had stolen 277 BTC by leveraging a bug in their codebase as it attacked the platform. The company assured that all other funds and bridges were absolutely safe and unaffected. pNetwork’s wrapped version of bitcoin pBTC works as decentralized finance protocols. It is a smart blockchain system that uses 1:1 to an equivalent amount of bitcoins. Additional Security Measures…

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‘The Big Short” Investor Michael Burry created ripples in the financial market as he took a dig at the Federal Reverse big tech giants, alarming the stock market. Burry tweeted a research paper, putting forward how unsustainable the stock market is, especially how the Feds are misleading people. In subsequent tweets, he dismantled the lies spread by the big tech companies and accused the Federal Reserve of misleading the public. Burry is known for the billion-dollar bet he took against the US housing bubbling, which was the talk of the town after the movie and the book “The Big Short”…

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With an improved chance of purchase, the cryptocurrency Shiba Inu has continued to scale the heights of the crypto world since it got listed in Coinbase. At present, the cryptocurrency is trying to reach the $0.000009 mark. Elon Musk Tweet Causes Surge The stocks of Shiba Inu started to rise after Tesla CEO Elon Musk tweeted a picture of new logo Floki, the puppy that represents Shiba Inu. Banking on this, the cryptocurrency had a 16.42% jump to reach the $0.00000950 mark. It’s the first time since the Shiba Inu reached that level in June. The stocks kept gaining momentum…

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On September 14, Apple launched a new set of iPhones with new operating system updates but what stood out was their sustained growth against chip shortage and inflation. The tech giant seems to be unfazed by the global chip shortage issue and the rising inflation, which has derailed every other business venture. New Updates & Releases Launching their newest iPhone 13 series – Apple spoke about the most innovative and powerful features their new phones offer. Along with these, a new iPad, iPad mini and an Apple Watch Series 7 with a curved screen (edged) were also launched. The new…

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Almost after a week of adopting Bitcoin as their currency, El Salvador’s Chivo digital wallet has hit the 500k user mark. On September 7. they adopted Bitcoin as their currency and established a digital wallet Chivo for smooth operation. So, reaching the half-million mark is significant for the country where 70% people don’t have a bank account and depend on remittance. As an incentive, anyone who opted for the Chivo wallet got $30 free bitcoin. The Central American nation purchased 400 bitcoins for this transition which became a success after the initial hiccups.

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MoSys, the semiconductor service provider, is having a field day in the stock market this Wednesday, courtesy, a partnership with Peraso. The companies shares have soared up by 16% and more as it decided to partner with the fabless semiconductor Peraso. They signed a statutory plan agreement for Business Combination under Ontario’s Business Corporations Act. The transaction which comes into effect by Q4 2021 will help both the companies to achieve new heights. Peraso will have a 61% equity share, while MoSys will enjoy a 39% share in the joint venture. The common business will have a 5 membered board…

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On Wednesday, the Chinese stock market suffered a setback as the country’s economic data and the Evergrande non-payment issue came to the forefront. This strained the already pressurized market, which just came out from a long regulatory crackdown. Stock Index Goes Down The primary stock index of the country, the Hang Seng China Enterprises Index, was down by 1.6%, which is happening for the third day. Out of all the companies that performed poorly, Country Garden Holdings Co. stood the lowest as the news of Evergrande defaulting its debt payments created ripples. The payments are slated for next week clearance.…

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Now Zoom sessions are getting live translation and whiteboard features in the app. The company announced the new features at Monday’s Zoomtopia conference. Translation Support in 30 Languages Earlier in February, Zoom intimidated the world about the oncoming live transcriptions or closed captions feature in English, which will be autogenerated during Zoom Calls. This time they have confirmed real-time transcriptions support in 30 languages. The feature will be available on Zoom apps from next year-end. All paid accounts will get real-time translation support in 12 languages by the 2022 year-end. The languages enabled in the process isn’t known yet, but…

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