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Wal-Mart shares tumble as profit forecast to drop

Wal-Mart's stock tumbled on the Wall Street following the forecast of earnings drop in the range of 6-12 percent hammered down the market sentiment. Wal-Mart shares fell 10.04 percent or $6.70 to $60.03 indicating biggest fall in a day during the past three decades. The stock was already trading 22 percent lower before the latest drop. Gearing up to compete with Amazon, Wal-Mart Stores Inc hiked investment in internet technology and raised wages. The earnings are expected to be flat for the current fiscal year and one or two percent lower than the previous forecast. The third quarter results from Wal-Mart are scheduled on 17 November.


Netflix blames 'involuntary churns' for dive in profits

Netflix reported a lower than expected performance today after the company reported a total revenue of $1.74 billion for its third quarter performance. The revenue contributes to earnings of $0.07 per share, which is lower than analyst expectation of $0.08 per share.

Square suffers $5.7mn loss from single seller, files IPO

Payments startup Square, e-Commerce organization run by new Twitter CEO Jack Dorsey, is going for an initial public offer (IPO) and mentions in the filing to Securities Exchange Commission (SEC) that the fraud could be a major hurdle for it. Square was target of hacking as a single seller used its payment services resulting in a huge loss of $5.7mn for the e-Commerce startup. The automated global payment system and the liquidity of Square were the major reasons why it was the target for illegal or improper use.

Beware of USB Killer Version 2.0: It can burn your laptop

A Russian researcher nicknamed Dark Purple launched a new version of computer killer: USB Killer version 2.0. The first version of USB Killer was announced on March 2015. Instead of storing data, 'killer USB' causes serious damage on a laptop or computer.


Latest News

Naughty Dog has not taken a step back in the fabrication of one of the most awaited games for 2016, with the right reviews and articles talking about it. However, a recent mishap from the side of an editor that published a misconstrued experience may have created a slight stir online.
Samsung hinted at their new Samsung Galaxy View tablet at the recent IFA consumer electronics show in Berlin. The unit sports a massive 18.3-inch screen and is touted to rival Apple iPad Pro. Release schedule for the unit remains undisclosed at the moment but it will reportedly be rolled out through carrier AT&T only.
Rockstar Games' Grand Theft Auto 5 Online has done marvelously on a massive scale. Now that the Freemode option gives the enjoyment proficiently, the room for ease just got bigger with some hints given to the mass.
The newest flagship of Huawei, the P9, is rumored to be armored with a dual camera set-up. Other features and specifications of the flagship smartphone were hinted by its alleged leaked photos.
Armed Forces of the Philippines contradicted the claims of the discovery of Malaysia Airline Flight MH370 along with the skeletal remaisn of the victims which was allegedly found in Sugbay Island, Tawi-tawi Province. This another false lead brings more pain to the victims' families.
PlayStation VR releases soon and includes multiple VR platform titles to boot plus Omega Agent from Fireproof Games during product launch on 2016. Until Dawn from Supermassive Games, however, is not joining the product debut.
'iZombie' Season 2 spoilers have been released. It is said that more Ravi-Peyton scenes will be seen.
Fans of "Longmire" should expect a long wait before a renewal announcement is made. Some fans are speculating that Netflix is deliberately holding off the announcement knowing it will create more buzz for the show.
It seems that the long wait is over, as George R.R. Martin reportedly aims to release "Winds of Winter" in 2016. The sixth installment will reportedly include new twist that involves a minor character.
When the Universal announced "The Mummy Reboot" movie, reports say the movie will follow the original plot story. However, it was confirmed recently that the film will have some major changes in the movie script.