September 16, 2020 11:20 am
According to a report by Reuters, citing a J.P. Morgan Chase memo, the Wall Street bank intends to add six new members to its operating committee. This would bring the total number of committee members to 18, including 10 men and 8 women. J.P. Morgan Chase shares closed lower for the fifth time in the […]
Read moreSeptember 15, 2020 12:11 pm
In a Monday blog post, Alphabet Inc’s YouTube announced the launch of Shorts, a new short-form video service that will compete with TikTok and Facebook Inc’s Reels. The new product is to allow users to record short mobile-friendly vertical videos and to add special effects and soundtracks from a music library. Alphabet shares closed lower […]
Read moreSeptember 14, 2020 11:33 am
Kroger Company’s (KR) full-year forecasts on comparable sales and earnings, issued last Friday, outstripped Wall Street estimates, since the coronavirus pandemic has prompted consumers to order more from their homes. Kroger Co’s online sales soared 127% year-on-year during the fiscal second quarter ended August 15th, as shoppers have been ordering a variety of items online […]
Read moreSeptember 11, 2020 11:51 am
Tesla Inc managers demonstrated a new charge system in the EUREF campus in Berlin, Germany, on Thursday and announced that the company was exploring more target cities where the new equipment may be introduced. A spokesperson for Tesla said that the US electric car maker was planning to open at least one more inner-city fast […]
Read moreSeptember 10, 2020 8:20 am
According to a report by the Financial Times, citing a source with knowledge of the matter, several J.P. Morgan Chase employees were fired on allegations they had violated the bank’s code of conduct by misusing funds that were meant to aid businesses to overcome the negative effects of the coronavirus pandemic. Those persons fraudulently got […]
Read moreSeptember 9, 2020 11:22 am
Tesla Inc (TSLA) lost almost $80 billion of its market capitalization on Tuesday, after it was surprisingly excluded from the S&P 500 index. The amount lost exceeded the combined market value of General Motors Co and Ford Motor Co. Market players and Wall Street analysts largely anticipated Tesla to be included in the S&P 500 […]
Read moreSeptember 8, 2020 11:23 am
The Hongguang MINI EV, a compact electric vehicle produced by General Motors Co’s joint venture in China, has become the most sold EV model in the country. According to industry data, 15,000 Hongguang MINI EVs were sold in August compared with 11,800 Tesla Model 3 sedans. The China Passenger Car Association, which has a different […]
Read moreSeptember 7, 2020 8:14 am
Amazon.com Inc (AMZN) said on Friday that it intended to add 10,000 additional jobs in Bellevue, Washington during the upcoming few years. Amazon shares closed lower for a second consecutive trading session on NASDAQ on Friday. The stock went down 2.18% ($73.38) to $3,294.62, after touching an intraday low at $3,111.13, or a price level […]
Read moreSeptember 3, 2020 11:25 am
Ford Motor Co (F) announced on Wednesday that it intends to cut 1,400 salaried jobs in the United States by the end of 2020 as part of $11 billion restructuring initiative. The US company said it would offer voluntary buyouts to workers who are eligible for retirement. Ford shares closed higher for a second consecutive […]
Read moreSeptember 1, 2020 11:20 am
According to a report by Reuters, citing a corporate memo, Citigroup Inc (C) has appointed Robin Rousseau as its new Vice Chairman of Investment Banking for Europe, the Middle East and Africa (EMEA). He is expected to report to Philip Drury, the head of Citigroup’s banking, capital markets and advisory business across EMEA. Citigroup shares […]
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