First reported by The Wall Street Journal on July 31, the popular and controversial ride sharing company Uber Technologies Inc increased their monetary valuation to $50 billion after its latest round of funding, surpassing Chinese smartphone maker Xiaomi Corp
Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the SPDR S&P 500 ETF ( SPY ), where 10,350,000 units were destroyed, or a 1.2%
Microsoft and IBM both posted mixed earnings results in their most recent quarters. Microsoft’s fourth quarter revenue and earnings growth topped analyst estimates, but its bottom line took a big hit from restructuring charges and