May 23, 2019 10:25 am
According to a report by Bloomberg, citing a spokesperson for Twitter Inc (TWTR), the social media company has been experimenting with ad load, a term reflecting how often advertisements are shown to users. This resulted in some Twitter users receiving more advertisements in their feed than usual. Twitter shares closed higher for a second consecutive […]
Read moreMay 23, 2019 7:03 am
According to a statement by European Competition Commissioner Margrethe Vestager on Wednesday, Alphabets Google is compliant with an EU order aimed to encourage competition in on-line shopping. Alphabet shares closed higher for a second consecutive trading session on NASDAQ on Wednesday. The stock edged up 0.16% ($1.79) to $1,151.42, after touching an intraday high at […]
Read moreMay 22, 2019 9:04 am
According to a recent investor note by Morgan Stanley, if Tesla Incs (TSLA) share price continues to drop, this increases the chance of a sell-off in the upcoming years. In the brokerage firms worst-case scenario, Teslas stock could now be worth just $10. At the same time, Morgan Stanley maintained its “Equal-Weight” rating on the […]
Read moreMay 22, 2019 7:16 am
Snap Inc (SNAP) said on Monday that it had appointed Derek Andersen as its next Chief Financial Officer. The new appointment comes several months after Tim Stone left Snap after serving as CFO for less than 12 months. At that time, Lara Sweet, who joined Snap in June 2016, was named as interim Chief Financial […]
Read moreMay 21, 2019 9:27 am
According to a report by Reuters, citing an email to Ford Motor Co employees, the auto maker intends to reduce its global salaried workforce by about 10% in relation with a broader restructuring aimed to save $600 million per year. Almost 7 000 jobs are to be cut by the end of August. At the […]
Read moreMay 21, 2019 7:18 am
According to a Monday report by Reuters, Goldman Sachs investment fund arm, Goldman Sachs Merchant Banking Division, is discussing a purchase of French chain B&B Hotels from private equity company PAI Partners. The Financial Times had reported earlier that the arrangement could be estimated at about EUR 1.9 billion. However, no financial details have so […]
Read moreMay 20, 2019 9:18 am
According to reports in the media, Facebook Inc (FB) has set up a financial technology company in Geneva, Switzerland, as it focuses on payments and blockchain. Handelszeitung reported that the social media company could be developing a cryptocurrency of its own, which would be tied to the US Dollar. This could render it much more […]
Read moreMay 20, 2019 6:29 am
According to a spokesperson for Boeing Co (BA), corrections have already been made to simulator software mimicking the flying experience of Boeing’s 737 MAX aircraft. At the same time, additional information has been provided to device operators. Boeing shares closed higher for a fourth consecutive trading session in New York on Friday. The stock edged […]
Read moreMay 17, 2019 10:10 am
Goldman Sachs Group Inc (GS) said on Thursday it had agreed to acquire United Capital Financial Partners Inc in an all-cash deal valued at $750 million. The purchase is to expand the Wall Street banks wealth management business, which encompasses Private Wealth Management and Ayco, and supervises almost $500 billion of clients assets. The acquisition […]
Read moreMay 17, 2019 6:56 am
Walmart Inc (WMT) on Thursday reported a slower-than-anticipated revenue growth during the first quarter as e-commerce sales growth decelerated, while same-store sales registered their largest annual growth in nine years. On the other hand, the company warned that higher tariffs on Chinese imports would result in higher prices for the end-consumer. Last week the Trump […]
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