Tuesday, February 18, 2020
A lingering trade war between two of the world’s largest economies - the U.S and China, and a deteriorating global growth outlook have left investors apprehensive about a possible recession.Here are three of the recession signals that investors and...
SoftBank is planning to lend $20 billion to its employees, including the CEO Masayoshi Son, with the hope that the employees will reinvest the capital in SoftBank. This according to them, is their Second Vision Fund, the Wall Street...
Apple filed a lawsuit suit on Thursday in the Southern District of Florida Florida against Corellium - a company that creates virtual versions of Apple's operating system, iOS, within a web browser so people can test it for security...
Figures released on Thursday by Walmart calmed investors worried the US economy could fall into a recession.Sales at many of Walmart’s US stores increased by 2.8% during second quarter 2019 compared with the same quarter last year, signaling continued...
Macy's, the largest U.S. department store operator, has lost nearly 60% of its stock market value this year.The Cincinnati, Ohio-based retailer's stock declined as much as 18% on Wednesday, after cutting its 2019 adjusted profit in addition to huge markdowns...
Verizon is finally ‘offloading its unprofitable’ blogging site Tumblr to WordPress owner Automattic Inc, the company announced on Monday.Verizon had reportedly been looking for a buyer the past three months as part of ongoing restructuring of its media businesses...
Facebook is currently in talks with some news publishers, offering them “millions of dollars” to obtain rights to publish their material on its site, according to multiple media sources.The recent move comes after years of criticisms over Facebook’s monopolization...
Former head of the UK civil service, Lord Kerslake, has warned that British pound will continue to fall in value and could reach parity with the dollar for the first time in history if there is no Brexit deal.Lord...
Anti-monopoly watchdog in Russia Thursday announced they are investigating Apple following a complaint from cybersecurity company Kaspersky Lab which alleged that Apple is abusing its dominant market position.The Anti-monopoly watchdog said they are investigating to know why a new...
Against expectations of many analysts, American multinational transportation network, Uber on Thursday reported a very disappointing second-quarter loss. Following the announcement, the stock went down as much as 12%, or $5.33, in after-hours trading.Below are some figures reported.Revenue: $3.17...

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