TOP 5 STOCKS TO WATCHOUT & TRADE TODAY – JULY 06, 2021
06 Jul 2021
1.FACEBOOK: Facebook Inc said it has resolved a technical issue that caused some users trouble accessing Facebook , Messenger, Workplace and Instagram on Saturday.
“We resolved the issue as quickly as possible for everyone who was impacted, and we apologize for any inconvenience,” a spokesperson told Reuters.
Facebook, Instagram and Messenger were down for thousands of users on Saturday, according to outage tracking website Downdetector.com.
Downdetector tracks outages by collating status reports from a series of sources, including user-submitted errors on its platform. The outages might be affecting a larger number of users.
2.BOEING:-A decades-old Boeing Co 737-200 cargo airplane with two people on board made an emergency nighttime landing in the Pacific Ocean off the coast of Honolulu, Hawaii, early on Friday, the U.S. Federal Aviation Administration said.
The FAA said both crew members were rescued, citing preliminary information.
“The pilots had reported engine trouble and were attempting to return to Honolulu when they were forced to land the aircraft in the water,” the FAA said in a statement.
The FAA and National Transportation Safety Board (NTSB) will investigate.
Transair Flight 810 departed Honolulu at 1:33 a.m. local time bound for Maui’s Kahului airport but quickly turned back toward Honolulu, according to aviation data from FlightAware.com.
Shortly after, the Coast Guard responded to reports of the downed plane south of the island of Oahu with two people on board. Around 2:30 a.m., a Coast Guard helicopter located the debris field and found one of the crew members clinging to the plane’s tail. That person was airlifted by helicopter to a hospital.
3.Twitter:-Twitter Inc no more enjoys liability protection against user-generated content in India as the U.S. microblogging giant has failed to comply with new IT rules, the Indian government said in a court filing.
The statement is the first time Prime Minister Narendra Modi’s administration has officially said Twitter has lost its immunity after repeatedly criticising the company for non-compliance.
The dispute and the public spat has raised concern that American firms will find it difficult to do business amid a more stringent regulatory environment.
India’s IT ministry told the High Court in New Delhi that Twitter’s non-compliance amounted to a breach of the provisions of the IT Act, causing the U.S. firm to lose its immunity, according to the filing dated July 5.
The filing came in a case filed by a Twitter user who wanted to complain about some allegedly defamatory tweets on the platform, and said the company was not complying with the new law that requires appointment of certain new executives.
4.DEUTSCHE BANK:– German lender Deutsche Bank said on Tuesday it launched a new set of foreign exchange (FX) indexes to track 21 emerging market (EM) currencies, indicating a growing relevance and importance of developing markets in the global economy.
The set of four new non-tradable FX indexes would track EMs that have over the past couple of decades seen increased global investment inflows, growing proportion of government debt issuance, and a significant jump in transaction volumes in FX.
“The new indices track both spot and carry performance of 21 emerging market currencies, serving as a comprehensive set of barometers for EM investors tracking FX,” Deutsche Bank EM strategist Oliver Harvey said in a statement.
5. SAMSUNG – Samsung Electronics Co Ltd likely saw a 38% surge in profit for the April-June quarter thanks to strong chip prices and demand spurred by a pandemic-led consumer appetite for electronics as well as recovering investment in data centres.
Operating profit for the world’s biggest memory chip and smartphone maker likely jumped to 11.3 trillion won ($10 billion), according to a Refinitiv SmartEstimate drawn from 20 analysts and weighted toward those who are more consistently accurate.
The South Korean tech giant’s strong performance – coming despite it shipping fewer smartphones than in January-March – underscores the stratospheric demand for chips that has depleted stockpiles and filled production capacity.