Qualcomm (QCOM) News Analysis and Earnings
Qualcomm reported fiscal 2Q results better than analysts expectations. QCOM reported earnings of $1.90/share, topping the expectations of $1.67/share.
Facebook news and analysis
Facebook reported better than expected 1Q results after the bell. FB reported earnings of $3.30/share topping the expectations of $2.37/share
DBS, J.P. Morgan and Temasek to establish platform to transform interbank value movements in a new digital era
Designed as an open platform to encourage broad participation by banks globally Platform will leverage blockchain technology and digitise M11 commercial bank money to reduce current frictions and latency for cross-border payments, trade transactions and foreign exchange settlements
Federal Court Orders Oregon Owner of Precious Metals Firm to Pay $1.3 Million to Victims of Fraudulent Precious Metals Scheme
U.S. District Court for the Western District of Washington entered a consent order against Aaron Michael Scott of Portland, Oregon for fraud and misappropriation in connection with a precious metals scheme
Woven Planet, a subsidiary of Toyota, to acquire Lyft’s self-driving car division
LYFT announced today that the company has signed an agreement with “Woven Planet” a subsidiary of Toyota Motor Corporation, for the acquisition of Lyft’s self-driving vehicle division, Level 5
Tesla Motors, Inc. TSLA
Tesla reported earnings after the closing bell. TSLA reported earnings of 93 cents per share beating the consensus of 79 cents per share. Revenue reported at $10.39 billion slightly better
Netflix NFLX
Netflix (NFLX) trades 9% lower in after-market trading as investors disappointed by the new subscriber’s figures. NFLX added 3.98 million new subscribers
Bank of England statement on Central Bank Digital Currency
The Bank of England and HM Treasury have today announced the joint creation of a Central Bank Digital Currency (CBDC) Taskforce to coordinate the exploration of a potential UK CBDC
FCA stops FXVC offering CFDs to UK customers
The FCA has acted to stop a Cypriot based firm, Finteractive Limited (trading as FXVC), from offering high risk contracts for difference (CFDs) to UK investors.
Turkey Bans Cryptocurrencies for Payments
Turkey’s central bank (CBRT) in a surprising move, banned the use of all cryptocurrencies and digital assets to payments for services and goods, citing possible damage and significant transaction risks
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