India’s 5 best paying tech jobs right now

India’s booming IT scene is creating a wealth of high paying opportunities, according to a new study identifying the country’s five most lucrative tech professions right now. The new report from jobs site Indeed found that technology roles in India have grown consistently over the past five years, as more companies are expanding their IT capabilities. Technology jobs in India increased by 8% in the five years from February 2014 to February 2019, the study found, based on posts to its jobs site.


India’s booming IT scene is creating a wealth of high paying opportunities, according to a new study identifying the country’s five most lucrative tech professions right now. The new report from jobs site Indeed found that technology roles in India have grown consistently over the past five years, as more companies are expanding their IT capabilities. Technology jobs in India increased by 8% in the five years from February 2014 to February 2019, the study found, based on posts to its jobs site.
India’s 5 best paying tech jobs right now Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-15  Authors: karen gilchrist
Keywords: news, cnbc, companies, right, site, approx, past, best, study, jobs, rupees, paying, tech, india, technology, based, indias


India's 5 best paying tech jobs right now

India’s booming IT scene is creating a wealth of high paying opportunities, according to a new study identifying the country’s five most lucrative tech professions right now.

The new report from jobs site Indeed found that technology roles in India have grown consistently over the past five years, as more companies are expanding their IT capabilities. What’s more, employers are willing to pay well for top talent who can lead the way, particularly in the fields of development, analytics and data.

Technology jobs in India increased by 8% in the five years from February 2014 to February 2019, the study found, based on posts to its jobs site. In the past year alone, technology job postings on the site shot up by a dramatic 31%.

Median annual salaries, meanwhile, rose to around 1,500,000 rupees (approx. $21,100) for tech workers based in India and earning in rupees. That ranks them among some of the highest earners in a country with an average per capita annual income of 79,882 Indian rupees (approx. $1,119.60).

The majority of jobs were concentrated in the vibrant tech city of Bengaluru (25%), followed by Pune (9%), Hyderabad (8%), Chennai (7%) and Mumbai (5%).


Company: cnbc, Activity: cnbc, Date: 2019-08-15  Authors: karen gilchrist
Keywords: news, cnbc, companies, right, site, approx, past, best, study, jobs, rupees, paying, tech, india, technology, based, indias


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Here are the biggest analyst calls of the day: Alphabet, Levi Strauss, Caterpillar & more

J.P. Morgan said the race track operator is now in a position to reap the benefits of past investments. “Formula 1 is emerging from a transition period following Liberty assuming control of the asset in January 2017.Costs, which ramped over the prior two years, are at or close to run-rate levels, and F1 is now in position to reap the benefit of past investments. We estimate adjusted OIBDA will increase 20% this year with the start of a pay-TV deal with Sky, and forecast more modest though steady


J.P. Morgan said the race track operator is now in a position to reap the benefits of past investments. “Formula 1 is emerging from a transition period following Liberty assuming control of the asset in January 2017.Costs, which ramped over the prior two years, are at or close to run-rate levels, and F1 is now in position to reap the benefit of past investments. We estimate adjusted OIBDA will increase 20% this year with the start of a pay-TV deal with Sky, and forecast more modest though steady
Here are the biggest analyst calls of the day: Alphabet, Levi Strauss, Caterpillar & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-15  Authors: michael bloom
Keywords: news, cnbc, companies, caterpillar, levi, track, analyst, start, day, past, reap, position, transition, biggest, strauss, western, steady, sponsors, upside, calls, alphabet


Here are the biggest analyst calls of the day: Alphabet, Levi Strauss, Caterpillar & more

J.P. Morgan said the race track operator is now in a position to reap the benefits of past investments.

“Formula 1 is emerging from a transition period following Liberty assuming control of the asset in January 2017.Costs, which ramped over the prior two years, are at or close to run-rate levels, and F1 is now in position to reap the benefit of past investments. We estimate adjusted OIBDA will increase 20% this year with the start of a pay-TV deal with Sky, and forecast more modest though steady growth thereafter, driven by contractual escalators, new sponsors, additional grands prix, and broadcast renewals in the US and Western Europe for which we see upside. “


Company: cnbc, Activity: cnbc, Date: 2019-08-15  Authors: michael bloom
Keywords: news, cnbc, companies, caterpillar, levi, track, analyst, start, day, past, reap, position, transition, biggest, strauss, western, steady, sponsors, upside, calls, alphabet


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Why August has been such a wild ride for the US stock market

For the third time in two weeks, the S&P 500 appears poised to fall by at least 2% on Wednesday. This month has typically been the weakest of the year for the S&P 500 in the past decade. How this August compares to other AugustsAugust is typically a sleepy month for the stock market, the final hurrah of summer when many traders are on vacation. By comparison, the S&P 500 had daily moves of such magnitude about 28% of trading days in the past 20 years. Even so, the market has ended higher seven o


For the third time in two weeks, the S&P 500 appears poised to fall by at least 2% on Wednesday. This month has typically been the weakest of the year for the S&P 500 in the past decade. How this August compares to other AugustsAugust is typically a sleepy month for the stock market, the final hurrah of summer when many traders are on vacation. By comparison, the S&P 500 had daily moves of such magnitude about 28% of trading days in the past 20 years. Even so, the market has ended higher seven o
Why August has been such a wild ride for the US stock market Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-14  Authors: anna-louise jackson
Keywords: news, cnbc, companies, wild, investors, month, past, trade, sp, yield, 500, traders, ride, stock, market, recession


Why August has been such a wild ride for the US stock market

For the third time in two weeks, the S&P 500 appears poised to fall by at least 2% on Wednesday. The latest drop comes after the bond market flashed a warning sign about the U.S. economy, and it continues a longer streak of abrupt moves in stock prices. The U.S. stock market has lurched higher or lower by more than 1% on six of the 10 trading days so far this month for one primary reason: Traders are worried about the pace of economic growth ahead. For the first time since December 2005, the yield on the 10-year Treasury note on Wednesday fell below the two-year rate, a phenomenon that’s been a reliable indicator for recessions in the past. Fresh threats in the U.S.-China trade war have also stoked concerns on Wall Street about a possible recession. Bank of America’s global economist sees an one-in-three odds of a recession in the next 12 months, up from a prior estimate of about 20%. Similarly, a closely watched measure from the Federal Reserve Bank of New York puts the odds of a recession by next July at 31%. In recent weeks, traders have rushed to sell stocks and buy assets that historically are less risky. Gold prices have surged and bond yields have fallen to near-record lows. Even so, this kind of activity isn’t unusual for August. This month has typically been the weakest of the year for the S&P 500 in the past decade.

3 reasons professional investors are concerned

1) Trade Several trade-related surprises in recent weeks have rattled Wall Street. On August 1, President Donald Trump threatened additional tariffs on $300 billion worth of Chinese goods. A few days later, China retaliated by letting its currency, the yuan, fall to its lowest level against the dollar in more than a decade. Since then, both countries have backed off a bit. China stabilized its currency and the U.S. said it will delay new tariffs until December 15, rather than September 1 as previously planned. But this prolonged trade spat causes uncertainty. Goldman Sachs recently trimmed its forecast for U.S. economic growth because it believes the trade war will have a larger-than-expected impact — and could even trigger a recession.

2) Interest rates The Federal Reserve cut interest rates for the first time since the Great Recession in light of slower economic growth. Even so, corporate profit continues to slow, and some investors believe further rate cuts are needed to stimulate business activity and avoid what’s known as an earnings recession, when corporate profitability falls in two consecutive quarters. Recession fears can have a snowballing effect. Many professional investors rush to buy assets that are considered safer during times of uncertainty. When traders are more eager to buy bonds, yields get pushed lower while gold prices surge. As those markets flash warning signs, more traders feel the incentive to sell. 3) The inverted yield curve The yield on the 10-year Treasury note fell below that of the two-year security on Wednesday. When the yield on longer-term Treasurys is lower than the yield on shorter-term Treasurys — creating what’s known as an inverted yield curve — it shows investors see the risk of a slowdown ahead. An inverted yield curve is one of three recession indicators that professional investors track. There have been five inversions like this current one since 1978 and all preceded a recession, but by an average of 22 months, according to data from Credit Suisse.

How this August compares to other Augusts

August is typically a sleepy month for the stock market, the final hurrah of summer when many traders are on vacation. But having fewer people around can change the dynamic and increase the likelihood of abrupt swings in the market. In four different Augusts since 1999, there have been at least 10 daily moves in excess of 1% in either direction — or about half the time, like so far this month — according to data analyzed by Grow. By comparison, the S&P 500 had daily moves of such magnitude about 28% of trading days in the past 20 years. The S&P 500 has slumped more than 4% so far this month, but it’s important to remember that this index most recently set an all-time high on July 26. In the past 10 years, the S&P 500 has fallen an average of nearly 0.8% in August — the worst month of the year during that period, according to data compiled by LPL Financial. Even so, the market has ended higher seven of the past 10 years, by an average of more than 11%.

What’s next for the market


Company: cnbc, Activity: cnbc, Date: 2019-08-14  Authors: anna-louise jackson
Keywords: news, cnbc, companies, wild, investors, month, past, trade, sp, yield, 500, traders, ride, stock, market, recession


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Going by past market history, this comeback rally should peak by the middle of next week: Nomura

A trader works on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Wednesday, Nov. 9, 2016. The clock is ticking for the relief rally to turn sour, according to Nomura macro and quant strategist Masanari Takada. If history is any guide, stocks could peak around Aug. 14, six trading days after the first spike in the Cboe Volatility Index, Takada said. “We still view this as a mere relief rally after the major market plunge. The market notched a three-day rebound after sufferi


A trader works on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Wednesday, Nov. 9, 2016. The clock is ticking for the relief rally to turn sour, according to Nomura macro and quant strategist Masanari Takada. If history is any guide, stocks could peak around Aug. 14, six trading days after the first spike in the Cboe Volatility Index, Takada said. “We still view this as a mere relief rally after the major market plunge. The market notched a three-day rebound after sufferi
Going by past market history, this comeback rally should peak by the middle of next week: Nomura Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-09  Authors: yun li
Keywords: news, cnbc, companies, trading, stocks, selloff, week, history, past, market, strategist, peak, going, volatility, york, rally, takada, comeback, middle, nomura


Going by past market history, this comeback rally should peak by the middle of next week: Nomura

A trader works on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Wednesday, Nov. 9, 2016. U.S. stocks fluctuated in volatile trading in the aftermath of Donald Trump’s surprise presidential election win, as speculation the Republican will pursue business-friendly policies offset some of the broader uncertainty surrounding his ascent.

The clock is ticking for the relief rally to turn sour, according to Nomura macro and quant strategist Masanari Takada. And by his count, the market has only three good trading days left.

The strategist, who has turned heads by calling for a “Lehman-like” sell-off soon, looked at data going back to 1994 to analyze the S&P 500 performance when the market experienced volatility spikes twice in a short period of time. If history is any guide, stocks could peak around Aug. 14, six trading days after the first spike in the Cboe Volatility Index, Takada said.

“We still view this as a mere relief rally after the major market plunge. The rally looks likely to pause next week, and we think investors should cautiously watch the prospects for another ‘vol-up’ scenario in the latter half of August,” Takada said in a note to clients on Friday.

The market notched a three-day rebound after suffering from their worst day of the year as the U.S.-China trade war escalated. The stock market was on pace to finish the week about unchanged. The strategist predicted Monday’s monster sell-off as he had warned clients that hedge funds and other players’ bearish positions created a catalyst for an explosion in Wall Street’s fear gauge. He has also said the next sell-off could resemble the one that followed Lehman Brothers’ collapse.


Company: cnbc, Activity: cnbc, Date: 2019-08-09  Authors: yun li
Keywords: news, cnbc, companies, trading, stocks, selloff, week, history, past, market, strategist, peak, going, volatility, york, rally, takada, comeback, middle, nomura


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The 10 countries with the fastest-growing earnings for freelancers

That’s according to a new report from digital payments platform Payoneer, which has highlighted the world’s fastest-growing freelance markets and how they’re reshaping the nature of work. America’s gig economy saw the greatest growth in 2019, with freelancer earnings up 78% year-on-year, according to the Global Gig-Economy Index released Tuesday. The study draws on data from more than 300,000 freelance workers within Payoneer’s network. However, it was Asia that recorded the greatest regional gr


That’s according to a new report from digital payments platform Payoneer, which has highlighted the world’s fastest-growing freelance markets and how they’re reshaping the nature of work. America’s gig economy saw the greatest growth in 2019, with freelancer earnings up 78% year-on-year, according to the Global Gig-Economy Index released Tuesday. The study draws on data from more than 300,000 freelance workers within Payoneer’s network. However, it was Asia that recorded the greatest regional gr
The 10 countries with the fastest-growing earnings for freelancers Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-07  Authors: karen gilchrist
Keywords: news, cnbc, companies, markets, worlds, yearonyear, freelancers, past, countries, greatest, workers, saw, freelance, growth, fastestgrowing, earnings


The 10 countries with the fastest-growing earnings for freelancers

Technology has made it easier than ever for individuals to boost their earnings with profitable side-gigs. And while U.S. workers of all ages are reaping the greatest rewards, young freelancers across Asia are quickly getting in on the act.

That’s according to a new report from digital payments platform Payoneer, which has highlighted the world’s fastest-growing freelance markets and how they’re reshaping the nature of work.

America’s gig economy saw the greatest growth in 2019, with freelancer earnings up 78% year-on-year, according to the Global Gig-Economy Index released Tuesday. The study draws on data from more than 300,000 freelance workers within Payoneer’s network.

The world’s largest economy was followed by the U.K. and Brazil, which each saw a jump in gig worker earnings over the past year, up 59% and 48%, respectively. However, it was Asia that recorded the greatest regional growth, with earnings up 138% across four countries.

That charge was led by Pakistan, which saw a 47% increase in freelancer revenues in the past year. It was joined in the top 10 by Philippines, India and Bangladesh.

Here’s the top 10 list of freelance markets in 2019 based on year-on-year revenue growth.


Company: cnbc, Activity: cnbc, Date: 2019-08-07  Authors: karen gilchrist
Keywords: news, cnbc, companies, markets, worlds, yearonyear, freelancers, past, countries, greatest, workers, saw, freelance, growth, fastestgrowing, earnings


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Trump economic advisor Larry Kudlow says China’s economy ‘is crumbling’

White House economic advisor Larry Kudlow told CNBC on Tuesday the United States holds the upper hand in trade negotiations with China due to the comparative strength of the U.S. economy. “The Chinese economy is crumbling. “Any long chart of Chinese investment” or economic metrics shows “a steady downdraft,’ he added. Also, Chinese stocks are broadly dropping: The Shanghai composite index of stocks has fallen over 15% from its high in the past year. The trade war escalated to a new level on Mond


White House economic advisor Larry Kudlow told CNBC on Tuesday the United States holds the upper hand in trade negotiations with China due to the comparative strength of the U.S. economy. “The Chinese economy is crumbling. “Any long chart of Chinese investment” or economic metrics shows “a steady downdraft,’ he added. Also, Chinese stocks are broadly dropping: The Shanghai composite index of stocks has fallen over 15% from its high in the past year. The trade war escalated to a new level on Mond
Trump economic advisor Larry Kudlow says China’s economy ‘is crumbling’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-06  Authors: michael sheetz
Keywords: news, cnbc, companies, chinas, trade, kudlow, past, crumbling, advisor, told, economic, larry, chinese, economy, trump, china, stocks, high


Trump economic advisor Larry Kudlow says China's economy 'is crumbling'

White House economic advisor Larry Kudlow told CNBC on Tuesday the United States holds the upper hand in trade negotiations with China due to the comparative strength of the U.S. economy.

“The Chinese economy is crumbling. It’s just not the powerhouse it was 20 years ago,” Kudlow said on “Squawk on the Street.”

“Any long chart of Chinese investment” or economic metrics shows “a steady downdraft,’ he added. “Their GDP, which is probably inflated by several points, is coming in lower and lower.”

China reported that its economy grew 6.2% in the second quarter, its weakest growth rate for gross domestic product in at least 27 years. Also, Chinese stocks are broadly dropping: The Shanghai composite index of stocks has fallen over 15% from its high in the past year. By comparison, the S&P 500 is just 5% below its high in the past year and has climbed nearly 15% in 2019.

Kudlow’s comments come as U.S. stocks rebounded Tuesday after the worst day of 2019, dropping when China retaliated to President Donald Trump’s announcement that new tariffs would be placed on Chinese goods in September. The trade war escalated to a new level on Monday but Kudlow told CNBC that the U.S. “would like to negotiate” and “make a deal.”

Kudlow said China may hold out on a trade deal, but he insisted that the U.S. can withstand any slowdown to its economy better than the Chinese can.

“I think China is getting hurt significantly, much more than we are,” Kudlow said.

“The American economy is very strong. Theirs is not.”


Company: cnbc, Activity: cnbc, Date: 2019-08-06  Authors: michael sheetz
Keywords: news, cnbc, companies, chinas, trade, kudlow, past, crumbling, advisor, told, economic, larry, chinese, economy, trump, china, stocks, high


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Worried about your savings in a trade war? Here are some ways to protect your money

Pedestrians walk past a stock indicator board showing the share price index of the Tokyo Stock Exchange (C, top) in Tokyo on December 25, 2018. -Maybe you’ve listened to the personal finance experts or your financial advisor and decided not to look at your investments until the trade war headlines subside. The Dow Jones Industrial Average plunged more than 750 points on Monday, while the S&P 500 dropped nearly 3%. As the trade war between the world’s largest economies rages on, there are steps y


Pedestrians walk past a stock indicator board showing the share price index of the Tokyo Stock Exchange (C, top) in Tokyo on December 25, 2018. -Maybe you’ve listened to the personal finance experts or your financial advisor and decided not to look at your investments until the trade war headlines subside. The Dow Jones Industrial Average plunged more than 750 points on Monday, while the S&P 500 dropped nearly 3%. As the trade war between the world’s largest economies rages on, there are steps y
Worried about your savings in a trade war? Here are some ways to protect your money Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-06  Authors: annie nova
Keywords: news, cnbc, companies, savings, ways, tokyo, war, protect, past, money, experts, position, trade, stock, technology, investors, giacoumakis, worried


Worried about your savings in a trade war? Here are some ways to protect your money

Pedestrians walk past a stock indicator board showing the share price index of the Tokyo Stock Exchange (C, top) in Tokyo on December 25, 2018. –

Maybe you’ve listened to the personal finance experts or your financial advisor and decided not to look at your investments until the trade war headlines subside.

The problem: that may not happen for a while.

“I think this is going to go on for quite some time,” said Nick Giacoumakis, founder and president of the New England Investment & Retirement Group in North Andover, Massachusetts.

Most likely, your savings have already taken a hit. The Dow Jones Industrial Average plunged more than 750 points on Monday, while the S&P 500 dropped nearly 3%. The market recovered slightly early on Tuesday.

As the trade war between the world’s largest economies rages on, there are steps you can take to shield your money, experts say.

To begin, Giacoumakis said, investors should make sure they’re comfortable with their allocation. “If you had a position in a technology fund that was supposed to be 8% of your portfolio and, because of the run-up in technology over the past few years, that position is now a 20% holding, you’d want to trim it back,” Giacoumakis said.

Recent volatility could also pose a buying opportunity for long-term investors.


Company: cnbc, Activity: cnbc, Date: 2019-08-06  Authors: annie nova
Keywords: news, cnbc, companies, savings, ways, tokyo, war, protect, past, money, experts, position, trade, stock, technology, investors, giacoumakis, worried


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Bitcoin surges past $11,000 while stocks plunge on trade war fears

Bitcoin soared 9% on Monday, performing like a safe haven asset as it edged past $11,000 for the first time since around mid-July. The price of the world’s largest cryptocurrency climbed as high as $11,860, according to CoinDesk data, hitting a more than 3-week high. The pan-European Stoxx 600 index slipped 1.6% on Monday while the MSCI’s broadest index of Asia-Pacific shares outside Japan plummeted 2.5%. Analysts have previously argued the case that bitcoin could be a safe haven asset, with inv


Bitcoin soared 9% on Monday, performing like a safe haven asset as it edged past $11,000 for the first time since around mid-July. The price of the world’s largest cryptocurrency climbed as high as $11,860, according to CoinDesk data, hitting a more than 3-week high. The pan-European Stoxx 600 index slipped 1.6% on Monday while the MSCI’s broadest index of Asia-Pacific shares outside Japan plummeted 2.5%. Analysts have previously argued the case that bitcoin could be a safe haven asset, with inv
Bitcoin surges past $11,000 while stocks plunge on trade war fears Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-05  Authors: ryan browne
Keywords: news, cnbc, companies, fears, plunge, 11000, bitcoin, asset, safe, index, surges, war, uncertainty, high, stocks, trade, digital, haven, past, according


Bitcoin surges past $11,000 while stocks plunge on trade war fears

Bitcoin soared 9% on Monday, performing like a safe haven asset as it edged past $11,000 for the first time since around mid-July.

The price of the world’s largest cryptocurrency climbed as high as $11,860, according to CoinDesk data, hitting a more than 3-week high. Bitcoin’s value now accounts for nearly 70% of the global crypto market, according to CoinMarketCap.

Global stock markets on the other hand have been sliding lower on the back of renewed trade uncertainty, after President Donald Trump said last week that Washington would impose 10% tariffs on another $300 billion worth of Chinese goods.

The pan-European Stoxx 600 index slipped 1.6% on Monday while the MSCI’s broadest index of Asia-Pacific shares outside Japan plummeted 2.5%. Dow futures meanwhile were off by about 100 points.

Analysts have previously argued the case that bitcoin could be a safe haven asset, with investors having flocked to the digital asset in the past on the back of an escalation in U.S.-Sino tensions.

“Bitcoin has many use cases and one of the most important is as a form of digital gold,” Charles Hayter, CEO of digital currency comparison platform CryptoCompare, told CNBC by email on Monday. “We have seen bitcoin jump before on macro uncertainty as it becomes a conduit and flight-to-safety asset.”


Company: cnbc, Activity: cnbc, Date: 2019-08-05  Authors: ryan browne
Keywords: news, cnbc, companies, fears, plunge, 11000, bitcoin, asset, safe, index, surges, war, uncertainty, high, stocks, trade, digital, haven, past, according


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NBA 2K, Grand Theft Auto V help Take-Two surge past estimates

Videogame publisher Take-Two Interactive Software raised its full-year revenue forecast on Monday, based on the success of its games NBA 2K, Grand Theft Auto V and Red Dead Redemption 2. Grand Theft Auto V has sold nearly 100 million units since its launch in 2013, making it one of the best-selling games ever for the company. Both the games were among the top-10 selling video games in June, according to NPD. New York-based Take-Two forecast second-quarter revenue of $860 million to $910 million,


Videogame publisher Take-Two Interactive Software raised its full-year revenue forecast on Monday, based on the success of its games NBA 2K, Grand Theft Auto V and Red Dead Redemption 2. Grand Theft Auto V has sold nearly 100 million units since its launch in 2013, making it one of the best-selling games ever for the company. Both the games were among the top-10 selling video games in June, according to NPD. New York-based Take-Two forecast second-quarter revenue of $860 million to $910 million,
NBA 2K, Grand Theft Auto V help Take-Two surge past estimates Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-05  Authors: jesse pound
Keywords: news, cnbc, companies, surge, estimates, taketwo, games, million, forecast, according, violence, game, auto, help, revenue, theft, grand, video, past, billion, nba


NBA 2K, Grand Theft Auto V help Take-Two surge past estimates

Videogame publisher Take-Two Interactive Software raised its full-year revenue forecast on Monday, based on the success of its games NBA 2K, Grand Theft Auto V and Red Dead Redemption 2.

The company, which has been working to secure a foothold in the changing gaming landscape, has managed to prevail over challenges posed by the rise of mobile-based, free-to-play games with its series of popular games.

Grand Theft Auto V has sold nearly 100 million units since its launch in 2013, making it one of the best-selling games ever for the company.

NBA 2K19, which debuted last September, was the 5th best-selling game of 2018, according to research firm NPD.

Both the games were among the top-10 selling video games in June, according to NPD.

The company’s raised forecast of $2.60 billion and $2.70 billion in adjusted revenue, up from its prior forecast $2.50 billion to $2.60 billion, was in line with estimates of $2.65 billion, according to IBES data from Refinitiv.

New York-based Take-Two forecast second-quarter revenue of $860 million to $910 million, above analysts’ estimates of $852.5 million.

On an adjusted basis, the game publisher’s revenue in the first quarter ended June 30 stood at $422.2 million, soaring above the average analyst estimate of $356.8 million.

Rival Electronic Arts posted first-quarter revenue above estimates last month, boosted by the strength of its battle royale game Apex Legends.

Shares of the company as well as other video game companies tanked after President Donald Trump, in response to the mass shootings in Texas and Ohio, called for an end to glorification of violence and blamed “gruesome and grisly video games” for that.

“More than 165 million Americans enjoy video games, and billions of people play video games worldwide. Yet other societies, where video games are played as avidly, do not contend with the tragic levels of violence that occur in the U.S.,” said Entertainment Software Association in a statement.

Take-Two’s net income fell to $46.3 million, or 41 cents per share, from $71.7 million, or 62 cents per share, a year earlier.


Company: cnbc, Activity: cnbc, Date: 2019-08-05  Authors: jesse pound
Keywords: news, cnbc, companies, surge, estimates, taketwo, games, million, forecast, according, violence, game, auto, help, revenue, theft, grand, video, past, billion, nba


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Perfect summer storm brewing for stock correction as trade war simmers and more Fed action awaited

With new risks from trade wars, stocks head into the final weeks of summer vulnerable to a pull back or even correction. The market was down sharply in the past week, buffeted first by disappointment over the Fed’s more hawkish-than-expected policy outlook. “The real issue as to why there’s going to be a correction in our view is there’s a massive, massive vacuum here,” said Julian Emanuel, head of equity and derivative strategy at BTIG. The issues are China, the issues are the Fed and the issue


With new risks from trade wars, stocks head into the final weeks of summer vulnerable to a pull back or even correction. The market was down sharply in the past week, buffeted first by disappointment over the Fed’s more hawkish-than-expected policy outlook. “The real issue as to why there’s going to be a correction in our view is there’s a massive, massive vacuum here,” said Julian Emanuel, head of equity and derivative strategy at BTIG. The issues are China, the issues are the Fed and the issue
Perfect summer storm brewing for stock correction as trade war simmers and more Fed action awaited Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-02  Authors: patti domm
Keywords: news, cnbc, companies, china, issues, fed, going, brewing, perfect, war, stock, summer, simmers, stocks, correction, youre, storm, theres, sp, past, week, trade, tariffs


Perfect summer storm brewing for stock correction as trade war simmers and more Fed action awaited

With new risks from trade wars, stocks head into the final weeks of summer vulnerable to a pull back or even correction.

The market was down sharply in the past week, buffeted first by disappointment over the Fed’s more hawkish-than-expected policy outlook. Then they were beaten down by fears President Donald Trump is starting a new front in the trade wars with China that is unlikely to end any time soon.

“The real issue as to why there’s going to be a correction in our view is there’s a massive, massive vacuum here,” said Julian Emanuel, head of equity and derivative strategy at BTIG. “In essence, it’s a month and a half of a vacuum, if you think about the direction of the rhetoric. … The issues are China, the issues are the Fed and the issues are Brexit. In the first tow, you’re almost not going to hear anything.”

Trump, in threatening new tariffs on $300 billion in Chinese goods on Thursday, said the tariffs would go into effect on Sept. 1 unless China acts, but no new talks are expected before September. Economists said if the tariffs are put in place, the risks of a U.S. recession rise, particularly if businesses step back from investment, and possibly even hiring. But that could also prompt the Fed to cut interest rates to rescue the economy when it meets in September.

After a deluge of corporate headlines in the past several weeks, the earnings season is also winding down with just about 60 major companies reporting in the week ahead, and there are no really significant economic reports until the middle of the month.

Emanuel said the S&P 500 could see a decline to about 2,789, though he still expects to see 3,000 at the end of the year. Stocks started the past week near all-time highs, and the S&P 500 was was down more than 3% in the past week, but still up about 17% for the year-to-date. Odds are high that stocks pull back in August, since for the past eight years, the S&P 500 was negative during August in six of them.

Emanuel said if stocks decline too much or too long, he expects to see some action from the White House that will halt the selling.

“If you’re the president, there’s no way you’re going to allow an economic slowdown in an election year,” said Emanuel.


Company: cnbc, Activity: cnbc, Date: 2019-08-02  Authors: patti domm
Keywords: news, cnbc, companies, china, issues, fed, going, brewing, perfect, war, stock, summer, simmers, stocks, correction, youre, storm, theres, sp, past, week, trade, tariffs


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