May 19, 2022 8:04 am
Netflix Inc (NFLX) said earlier this week it had laid off nearly 150 employees, mostly in the United States, as it struggles with decelerating growth. The layoffs account for nearly 2% of Netflix’s workforce in the United States and Canada, it said. The streaming service company reported its first loss of subscribers in over 10 […]
Read moreMay 18, 2022 10:26 am
The shares of Citigroup Inc (C) surged more than 7% on Tuesday, as a fresh $3 billion investment by Warren Buffett’s Berkshire Hathaway Inc increased confidence in the Wall Street bank’s stock. Berkshire Hathaway built its stake in Citi during the quarter ended on March 31st, as it took advantage of a 5% pullback in […]
Read moreMay 18, 2022 7:51 am
Sigma Labs Inc (SGLB) announced earlier this week it would begin conducting business under a new name – Sigma Additive Solutions, with immediate effect. “Our company’s decision to operate as Sigma Additive Solutions is an acknowledgement of the progress the Sigma team has made in creating the quality standard in additive manufacturing,” Sigma Labs’ Chief […]
Read moreMay 17, 2022 10:49 am
Tesla Inc (TSLA) has postponed a plan to bring back output at its Shanghai facility to levels prior to the city’s COVID-19 lockdown by at least 1 week, Reuters reported while citing an internal memo. Initially, the US electric vehicle maker intended to ramp up production at its Shanghai facility to 2,600 cars per day […]
Read moreMay 17, 2022 8:33 am
AUD/USD rose for a third straight trading day on Tuesday, rebounding from last week’s 2-year low, after the Reserve Bank of Australia dropped a heavy hint that it would hike rates again next month. The minutes of the RBA’s May policy meeting, released on Tuesday, showed the central bank had considered a sharper rate hike […]
Read moreMay 16, 2022 10:43 am
Ford Motor Co (F) said in a regulatory filing on Friday that it had sold 7 million shares of electric vehicle maker Rivian Automotive Inc for $188.2 million ($26.88 per share). This followed another announcement by the US auto maker on May 10th that it had sold 8 million shares of Rivian Automotive Inc for […]
Read moreMay 16, 2022 9:11 am
USD/JPY extended gains from last Friday at the start of the new week, as investor concerns over global growth underpinned demand for safe haven assets. Those concerns were reflected by disappointing Chinese macro data, released earlier on Monday. China’s retail and factory activity shrank sharply in April due to full or partial lockdowns imposed in […]
Read moreMay 13, 2022 10:38 am
Vancouver, Canada-based ScreenPro Security Inc said on Friday that it had finalized the acquisition of Naturevan Nutrition Ltd, a privately-held British Columbia firm operating within the health and wellness industry and having 22 natural health supplement products. Under the terms of the deal, ScreenPro acquired all the issued and outstanding shares of Naturevan for an […]
Read moreMay 13, 2022 8:53 am
Deutsche Telekom’s (DTEGn) quarterly core profit and revenue, reported on Friday, exceeded a consensus of analyst estimates, driven by strength in its US division, T-Mobile, and business growth in Europe. The company also revised up its full-year outlook. Deutsche Telekom’s total revenue went up 6.2% year-on-year to EUR 28 billion during the first quarter, while […]
Read moreMay 12, 2022 10:14 am
Alphabet’s (GOOGL) Google has inked agreements to pay over 300 publishers located in Germany, France and several other EU countries for their news and it plans to introduce a tool to make it possible for others to join as well, Reuters reported. The move comes after landmark EU copyright rules were adopted 3 years ago, […]
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