Apple Inc. (NASDAQ:AAPL) will return good numbers for the January — March quarter (2Q2015 for Apple) on the backs of continued demand for its latest iPhone 6 and iPhone 6 Plus, according to Citi analysts Asiya Merchant and Jim Suva. And when Apple comes out with good numbers, they tend to be extraordinary and unprecedented. Apple CEO Tim Cook had described demand for iPhones as “staggering, shattering Read more […]
Netflix, Inc. (NASDAQ:NFLX) is on an expansion spree into international markets and is spending heavily in producing original content. Australia is the latest country to join the Netflix map.
Netflix added 13 million new customers in 2014 to reach a total of 57 million subscribers across the globe. As broadband penetration grows around the world, more people will choose to go for streaming services Read more […]
Apart from being the global public square for news and debate, Twitter Inc (NYSE:TRTW) is now also in the venture capital business, according to an article in tech publication Mashable. This is mostly welcome though Twitter still remains a loss-making business.
Twitter stock has never scaled the highs of $70.00 that it touched back in January of 2014 and the company continues to make extensive Read more […]
The lingering effects of Argentina’s default on $100 billion of debt from back in 2002 continue as Citigroup Inc (NYSE:C) says it has decided to exit its custody business in Argentina.
Citigroup’s decision follows its inability to make interest payments to investors who hold $2.3 billion in Argentine notes. However, it’s not clear if Argentina will let Citigroup to actually do so without any Read more […]
Stock buy backs are a way of returning money to shareholders but in General Motors Company (NYSE:GM)’s case, it may not be an entirely voluntary management decision.
Activist investors at G.M. are pushing the company to buy back $8 billion worth of stock. For hedge funds, a swift rise of the stock is what they are focused on but G.M., out of bankruptcy since only a short while, needs to build Read more […]
It’s quite a turnaround for the U.S. banking industry from the crisis-ridden days of 2009. In a first, all the 31 biggest banks passed the stress tests administered by the Federal Reserve.
The largest U.S. banks — including JPMorgan Chase & Co. (NYSE:JPM), Bank of America Corp (NYSE:BAC), Citigroup Inc (NYSE:C), and Wells Fargo & Co (NYSE:WFC) — all met the Fed’s criteria about how Read more […]