Category Archives: Corporate News

Nvidia – Crypto-Bust

After Nvidia’s disappointing earnings report was released on Thursday afternoon, the Company’s shares opened on Friday morning at $163.60, a 19% drop from Thursday closing price of $202.63. Nvidia has been one of the strongest performers in the tech-sector sector … Continue reading

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PG&E Wildfire Troubles

PG&E, California’s largest utility provider, had its stock experience the largest single-day plunge on Monday since the early 2000s after the company announced that it could face liabilities exceeding its $ 1.4 Billion insurance coverage if officials determine that a … Continue reading

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Alphabet to Launch Driverless Car Service

Alphabet’s Waymo unit has recorded millions of miles on its self-driving project over the last few years to test and ensure the performance of its technology. After testing its driverless car on non-employees through the Early Rider program last year … Continue reading

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General Electric Wading Through Tough Times

General Electric, the once renowned conglomerate and ultra-safe investment, is now in trouble. Since losing its coveted triple-A status in 2015, the conglomerate’s credit rating is hovering at BBB- (three notches above junk-bond status), and has $115 billion in outstanding … Continue reading

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Berkshire Hathaway Repurchases Stock

  Berkshire Hathaway in their third-quarter report announced that they bought back $928 million worth of stock. This is Berkshire’s first share repurchase since 2012. This goes against Berkshire’s Chairman Warren Buffett’s stated belief that value is created for shareholders … Continue reading

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Apple Stock Falls After Reporting Earnings

Apple reported their fiscal fourth-quarter earnings on Thursday. Despite reporting a record amount of revenue and profits, Apple saw its stock tumble 6.0% on Friday. Investors were disappointed with Apple’s modest growth projections and the announcement that Apple won’t be … Continue reading

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Fair Isaac Corp Roles Out new Credit Scoring System

Fair Isaac Corporation is changing the FICO credit scoring system, which has been the standard since the 1990s. The new credit scoring system, UltraFICO, not only factors in the borrower’s history, but also how borrowers manage cash in their checking, … Continue reading

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