Fourth Quarter Data Shows Amaya Struggling

Fourth Quarter Data Shows Amaya Struggling

Fourth Quarter Data Shows Amaya Struggling A fourth quarter earnings report for online gambling service provider Amaya Gaming shows significant losses in both active customers and profits. The Canadian gaming company has been working over the past several months to diversify its platform following several major and expensive setbacks worldwide. Amaya’s fourth quarter earnings report […]

Fitbit Stock Falls Amid Share Earning Concerns

Fitbit Stock Falls Amid Share Earning Concerns

Fitbit Stock Falls Amid Share Earning Concerns Shares of wearable fitness device manufacturer Fitbit experienced a substantial drop in the first half of the week following the announcement that the company’s earnings per share would be less than 10 percent of what had previously been expected. The stock was already holding at a depressed point […]

How a Brexit Could Affect Online Gaming

How a Brexit Could Affect Online Gaming

How a Brexit Could Affect Online Gaming Much news and economic analysis has been devoted to the question of whether or not the citizens of the United Kingdom will vote to leave the European Union on June 23rd. As a general rule, the consensus among economic experts has been that a Brexit would be mildly […]

Online Gaming Executives Charged With Corruption, Money Laundering

Online Gaming Executives Charged With Corruption, Money Laundering

Online Gaming Executives Charged With Corruption, Money Laundering Eight people have now been charged in the Austrian legal system with corruption and money laundering in connection with actions taken on behalf of Bwin.party Digital Entertainment, an online gambling firm. The charges relate to an alleged attempt to bribe officials in Turkey in order to secure […]

India Set to Overtake China as Word’s Fastest-Growing Economy

India Set to Overtake China as Word’s Fastest-Growing Economy

India Set to Overtake China as Word’s Fastest-Growing Economy Following a revision of growth projections after the fourth quarter of 2015, India is now set to replace China as the world’s fastest-growing economy in the 2016 fiscal year. Though China’s economy is still growing rapidly, it has slowed to its lowest point in years, while […]

Copart Stock Generates Buzz in Uncertain Market

Copart Stock Generates Buzz in Uncertain Market

Copart Stock Generates Buzz in Uncertain Market As many blue chip companies struggle to maintain profitability and investor confidence, some investors are turning to less well-known firms to find greater opportunities. One stock that has caught the eye of some investors and generated positive buzz over the last month is that of Copart, an online […]

Economic Emergency Powers Granted to President of Venezuela

Economic Emergency Powers Granted to President of Venezuela

Economic Emergency Powers Granted to President of Venezuela Venezuelan President Nicolas Maduro, successor to long-time socialist leader Hugo Chavez, has claimed a special 60 day set of emergency powers over the Venezuelan economy. The South American country has recently been struggling with a set of economic circumstances that threaten to severely damage its financial output. […]

Yellen Dismisses Interest Rate Lowering

Yellen Dismisses Interest Rate Lowering

Yellen Dismisses Interest Rate Lowering During an annual account presented to the United States Senate, Federal Reserve Chairwoman Janet Yellen reaffirmed the central bank’s commitment to normalizing interest rates after a long period of quantitative easing and artificially low rates. Ms. Yellen also stated that she did not believe that the December rate hike had […]

Twitter Stock Jumps, but Profitability Remains Questionable

Twitter Stock Jumps, but Profitability Remains Questionable

Twitter Stock Jumps, but Profitability Remains Questionable During trading before close on Friday, shares of Twitter (TWTR) gained an impressive 11 percent to close at $15.89. Many, however, have speculated that Twitter’s long-term profitability may be lower than originally expected, especially as the company struggles with slowing growth and lower user rates than other social […]

Deutsche Bank Buys Back More Than $5 Billion in Debt

Deutsche Bank Buys Back More Than $5 Billion in Debt

Deutsche Bank Buys Back More Than $5 Billion in Debt Frankfurt-based German banking and financial services provider Deutsche Bank AG have recently announced plans for a bond buyback of $5.4 billion in debts it has sold to investors. Investors who bought debts in the last month, however, are now criticizing the bank for not fully […]

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