AMC CEO Adam Aron said that the famous movie theater chain could become a successful issuer of cryptocurrency. Read more.
Breaking financial news from South Africa, Africa, and the world.
Intel shares fell more than 8% in extended trading Thursday after a weaker-than-expected revenue report and the company blamed an industry-wide component shortage for causing its PC chip business to shrink 2% in the quarter ended Oct. 2. Read more
South Africa's largest healthcare retailer, JSE-listed Clicks Group, continues to expand despite ongoing Covid 19 pressures and the impact of the July riots on its business. Read more.
Everything is pointing to a strong finish to the year. Futures are trading in the green, South African Rand (ZAR) has a positive pullback against the greenback currently trading at 14.55 with a lower dip to 14.40. Read more.
On the daily timeframe, ORANGE: D1 has not yet turned upward. A buy signal may appear if the 200-day moving average line is exceeded. Several technical analysis indicators have generated signals for further upside. Read more.
GBP/USD was holding steady near six-week highs in early Thursday trading. At the time of writing (09:20 am) it was trading at levels around 1.3800. Read more.
Yesterday we saw an extraordinary increase in the price of Pinterest due to the announcement that PayPal is looking at the acquisition of the social media platform, both companies are currently in discussions surrounding a potential merger. Read more.
Tesla reported third-quarter results after the bell Wednesday, posting record sales and profits. The company reported net income of $1.62 billion (GAAP) for the quarter, topping the $1 billion mark for the second time. Read more.
Supermarket group Pick n Pay (PnP) says it has lost R930 million in revenue due to the unrest in July. However, most of the losses will be covered by insurance, which has already paid out about R600 million. Read more.
On the daily timeframe, CORN: D1 is in an ascending channel and approached the 200-day moving average line. Before opening a position, he must overcome it. A number of technical analysis indicators have generated signals for further growth. Read more.
Sotheby’s, one of the world’s oldest and largest marketplaces, is embracing digital collectibles. Read more.
Airports Company South Africa (Acsa) - the state-owned monopoly that controls nine of the country's major airports - on Tuesday reported a loss of R2.6 billion for the financial year ending March 31, 2021. Read more.