25 June

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LinkedIn signs up to EU code against online hate speech By Reuters

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By Foo Yun Chee BRUSSELS (Reuters) - LinkedIn on Friday signed up to the European Union's voluntary code of conduct to combat illegal hate speech online, joining its parent Microsoft (NASDAQ:MSFT), Facebook (NASDAQ:FB) and Google (NASDAQ:GOOGL)'s YouTube. The move comes as social media and online platforms face a raft of legislative proposals on both sides of the Atlantic that would require them to do more to counter online hate speech and disinformation, blamed for helping to fuel a wave of racist attacks in some countries. Set up by the European Commission five years ago, the EU...

25 June

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Netflix Gains As Credit Suisse Upgrades To Outperform By Investing.com

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By Dhirendra Tripathi Investing.com – Netflix (NASDAQ:NFLX) rose 2% during Friday’s trading as Credit Suisse (NYSE:CS) upgraded the stock to outperform from neutral. The bank kept the target price unchanged at $586, an almost 11% upside from the current level of $528.63. Analyst Douglas Mitchelson expects Netflix's subscriber growth to normalize in the fourth quarter. He expects a stronger full year content slate in 2022 relative to 2021 and sees a favorable risk/reward at current share levels. According to Mitchelson, the streaming giant still wears the crown in original programming. He expects it to assert its...

25 June

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Nokia Jumps After Goldman Sachs Calls It a Buy By Investing.com

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By Christiana SciaudoneInvesting.com -- Nokia (NYSE:NOK) rose more than 7% after Goldman Sachs (NYSE:GS) upgraded the stock. Analyst Alexander Duval upgraded shares to buy from neutral with a price target of $6.50 from $4.90, StreetInsider reported. Duval cited wireless market demand continuing to improve thanks to 5G, particularly in the U.S. and EU. "There is evidence that Nokia’s wireless base station product position for 5G is improving, suggesting scope that they can regain their place as a key tech enabler for cellular connectivity," Duval wrote in a note. "We see scope for share gains from Chinese...

25 June

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German fintechs Raisin and Deposit Solutions join forces By Reuters

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BERLIN (Reuters) - Two of Germany's largest fintech startups Deposit Solutions and Raisin have agreed to join forces in a deal to create a European group linking banks with savers, both companies said on Friday. Under the name Raisin DS, the merged company will work with around 400 banks and have a deposit volume of around 20 billion euros ($24 billion). "The merger brings us much closer to capital market viability," Raisin founder Tamaz Georgadze told Reuters, adding that an IPO for Raisin DS could not be ruled out. "We will keep all options open."...

25 June

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Macron says he is not ‘obsessed’ with Putin summit after Franco-German proposal rejected By Reuters

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PARIS (Reuters) - President Emmanuel Macron defended on Friday a failed attempt by France and Germany to hold an EU summit with Russian President Vladimir Putin, after eastern European leaders shot down the initiative they said would send the wrong message to Moscow. The meeting proposed by Macron and German Chancellor Angela Merkel, which have both sought to take a less confrontational attitude with Russia in recent years, fractured EU leaders gathered in Brussels along an old East-West divide. "There was no consensus for a quick summit. It's no tragedy in my view," Macron said. "The...

25 June

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Software entrepreneur John McAfee was not suicidal, widow says By Reuters

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BARCELONA (Reuters) - U.S. software mogul John McAfee was not suicidal, his widow Janice told reporters on Friday, adding that she blamed U.S. authorities for his death in a Spanish prison where he was awaiting extradition to the United States. She said she wanted a thorough investigation on the circumstances of the death of her husband, which happened in his prison cell in Barcelona on Wednesday in what the authorities said was an apparent suicide. McAfee's lawyer Javier Villalba said he would request a second autopsy at the request of the McAfee family. ...

25 June

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Amazon, Google face formal fake review inquiry in Britain By Reuters

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By James Davey and Yadarisa Shabong (Reuters) -Britain's competition regulator started a formal investigation on Friday into whether Amazon (NASDAQ:AMZN) and Google may not have done enough to prevent or remove fake reviews. Along with regulators in the United Sates and the European Union, the Competition and Markets Authority (CMA) has stepped up its scrutiny of big tech firms in recent years. The British regulator said it will gather more information to decide if the firms may have broken consumer law by taking insufficient action to protect shoppers. Both Google and Amazon said they...

25 June

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Bank Stocks Gain As Fed Gives the All-Clear on Payouts By Investing.com

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By Dhirendra Tripathi Investing.com – Bank stocks were mostly higher in Friday’s premarket trading after passing the Federal Reserve’s latest stress test, a move that unlocks billions of dollars earmarked for buybacks and dividends. Morgan Stanley (NYSE:MS) stock , Citigroup (NYSE:C) stock, JPMorgan (NYSE:JPM) stock and Bank of America (NYSE:BAC) stock were all up 0.5%-0.7%. Lender Wells Fargo (NYSE:WFC) rose 1.5%. The central bank said that large banks continue to have strong capital levels and could continue lending to households and businesses during a severe recession....

25 June

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Nike, Virgin Galactic Rise Premarket; FedEx Falls By Investing.com

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By Peter Nurse Investing.com -- Stocks in focus in premarket trade on Friday, June 25th. Please refresh for updates. Nike (NYSE:NKE) stock rose 12% after the sportswear retailer predicted fiscal 2022 revenue would top $50 billion for the first time, as its digital sales boomed along with its membership model. FedEx (NYSE:FDX) stock fell 4% after the delivery firm said that widespread labor shortages would hit its 2022 earnings. Virgin Galactic (NYSE:SPCE) stock rose 20% after the company said the Federal Aviation Administration had...

25 June

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Panasonic sells Tesla stake for $3.6 billion By Reuters

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By Sam Nussey and Shinji Kitamura TOKYO (Reuters) -Panasonic Corp sold its stake in electric car maker Tesla Inc for about 400 billion yen ($3.61 billion) in the year ended March, a spokesperson for the Japanese company said on Friday. The sale comes as the bicycles-to-hair dryers conglomerate is seeking to reduce its dependence on Tesla and raise cash for investments. Panasonic's battery business is dominated by Elon Musk's Tesla, but the two firms have had a tense relationship at times with executives trading barbs publicly. Panasonic bought 1.4 million Tesla shares at...

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LinkedIn signs up to EU code against online hate speech By Reuters

Netflix Gains As Credit Suisse Upgrades To Outperform By Investing.com

Nokia Jumps After Goldman Sachs Calls It a Buy By Investing.com

German fintechs Raisin and Deposit Solutions join forces By Reuters

Macron says he is not ‘obsessed’ with Putin summit after Franco-German proposal rejected By Reuters

Software entrepreneur John McAfee was not suicidal, widow says By Reuters

Amazon, Google face formal fake review inquiry in Britain By Reuters

Bank Stocks Gain As Fed Gives the All-Clear on Payouts By Investing.com

Nike, Virgin Galactic Rise Premarket; FedEx Falls By Investing.com

Panasonic sells Tesla stake for $3.6 billion By Reuters

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