Markets
Roku prices IPO at $14, valuing company at $1.3 billion
According to an SEC filing , the company plans to start trading 15.7 million shares on Thursday, pricing them at $12-$14 on the NASDAQ. Earlier reports suggested that the company had been targeting a $1 billion market cap . Tech IPOs have hit something of a lull but as Business Insider reports, " Roku's revenue is growing fast as cord-cutters and other consumers snap up its devices, the che... [Full Article...]
BlackBerry Gains 7% As Q2 Results, Outlook Impress
That compared with a year-earlier loss of 71 cents per basic share, or US$372 million in total. The consensus estimates for BlackBerry FQ2 2018 earnings were breakeven on $221.18 million in revenue. BlackBerry Technology Solutions revenue was flat at $38 million, while Licensing, IP and other revenue rose to $56 million from $16 million a year ago. [Full Article...]
Uber appeals "perverse" driver-pay decision by United Kingdom judges
Paul Kelly, employment partner at Blacks Solicitors said: "Uber's claim that it is not an employer controlling and directing employees, but rather a platform to connect drivers with passengers, has sparked substantial litigation over the years". [Full Article...]
Short Term Outlook For Royal Dutch Shell plc (NYSE:RDS-A)
The benefit of the Schaff Trend Cycle is that it is meant to be quicker than the standard macd and stochastic signals. Then the "price" is smoothed using a mofidied Wilders' smoothing algorithm. When RSI moves below 30, it is oversold and could lead to an upward move. Checking in on some other technical levels, the 14-day RSI is now at 69.42, the 7-day stands at 76.69, and the 3-day is sitting at ... [Full Article...]
A major check-in systems crash is disrupting airports worldwide
The cause of the problem wasn't immediately clear, but a London Gatwick spokesman told The Telegraph said it was "an airline issue, not an airport issue". Check-in systems at London's Heathrow airport were also affected "intermittently", an airport spokesperson said. An Amadeus spokesperson said: "Amadeus confirms that during the morning, we experienced a network issue that caused disruption t... [Full Article...]
May Says Boeing Undermining Relations With UK Over Bombardier
NAFTA negotiators could not avoid the trade dispute between Boeing and Bombardier as they concluded a third round of talks in Ottawa on Wednesday. The British Prime Minister said she was "bitterly disappointed" by the aerospace giant's behaviour and its actions "undermined" the long-term partnership it had built up with the UK. [Full Article...]
North Korea could show 'super response' to Trump threats
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Devastating for North Korea. "You have seen unanimous United Nations Security Council resolutions passed that have increased the pressure, economic pressure and diplomatic pressure, on the North, and at the same time, we maintain the capability to deter North Korea's most unsafe threats", he told reporters . [Full Article...]
Rand slips to 3-month lows, JSE higher
Yellen also said this year's low inflation is probably temporary. Investors lifted the probability of a rate hike in December to 78 percent, from 72 percent late last week. The U.S. currency had traded around the 111 handle during Asian trade on Tuesday after North Korea accused President Donald Trump of declaring war. [Full Article...]