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Penalty for Loyalty: New Study Reveals Loyal Customers Are Ripped Off
The Competition and Market Authority (CMA) has launched an inquiry into a ‘penalty for loyalty’ which led households in coughing out over 4 billion a year on bills levied by household insurance, mobile...
View ArticlePre-Market Analysis: Viacom, Centene, Merck and Alphabet Stocks Making Big Moves
Before the market opens today, here’s a roundup of earnings reports from companies and how they fared on Monday, February 4, 2019. Viacom Stock Falls 1.5% Viacom’s results for the first quarter of the...
View ArticleSony Stock Falls after Decline in Operating Income: Gaming Management Shakeup
Sony has shaken up its management structure again, as it moves to an improved emphasis on the PlayStation Network. Starting from April 1, Jim Ryan and John Kodera will swap positions. Ryan will move...
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HSBC’s Financial Performance Disappoints: Warns on China
On January 19, HSBC Holdings Plc., the largest banking institution in Europe by market value, released its financial report for the last quarter in 2018. The banking giant revealed that profits fell...
View ArticleTesla to Get $2 Billion in Loans from Chinese Lenders for Shanghai Gigafactory
Tesla is in advanced talks with Chinese lenders for a $2 billion loan needed to build its massive Gigafactory in Shanghai, according to reports from investment research firm JL Warren Capital published...
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Huawei: Plans to Sue the U.S. Government after Trump Directive
If you thought that President Trump’s personal desire to destroy Chinese telecoms provider Huawei was messy when it started, brace up. It’s about to get messier. Per a report on the New York Times, the...
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Amazon Feels the Retail Apocalypse: Set to Close All U.S. Pop-Up Shops
Ever since online retailers emerged, brick-and-mortar stores have struggled to stay relevant. It seems Amazon could be feeling the pressure as well. According to a March 6 report by the Wall Street...
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Despite Inconclusive Reports, the FAA is Standing by Boeing over 737 MAX 8
The Federal Aviation Administration (FAA) has issued a vote of confidence in the 737 MAX 8 jet designed by Boeing Co. in the wake of the fatal crash in Ethiopia over the weekend. The crash, which...
View ArticleUber Proposes $20 Million Settlement in Ongoing Driver Lawsuit
Ride-hailing giant Uber has proposed to make a $20 million settlement payment to its drivers, hopefully bringing an end to a 5-year legal battle between the company and its “contractors.” The...
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60 Minutes to Interview the Man Who Paid 10,000 Bitcoins for Pizza in 2010
If you’re a die-hard Bitcoin fan, then you probably know what May 22 signifies in the crypto world’s calendar. For those who don’t. it’s not the birthday of Satoshi Nakamoto or the day Bitcoin’s white...
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Justice Department Continues Probe Into Sen. Richard Burr’s Stock Selloffs
The Department of Justice has provided an update into its investigation of several Congress members after they engaged in what appeared to be improper trading activities. According to a report from the...
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Nordstrom to Close Down 14 Percent of Its Locations as Q1 Sales Slump
Popular American department store brand Nordstrom has announced some sweeping cuts to its locations, as the coronavirus takes a significant toll on its business. The Seattle-based company would be...
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Global Electric Vehicle Sales to Rise by 36% in 2021
Despite the downturn from the coronavirus pandemic and lockdown orders, electric vehicles are expected to see surges in sales soon. The forecast was shared in a report from CNBC last weekend. Citing...
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Dick’s Sporting Goods Suffers 31% Decline in Same-Store Sales
Popular sports retail company Dick’s Sporting Goods has reported its earnings and revenues for the first quarter of the year. While many believed that the company would suffer some losses – like just...
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Elon Musk Calls for Amazon’s Dissolution After Censorship Row
Tesla and SpaceX chief executive Elon Musk is taking another Twitter stand. This time, he’s calling for the breakup of e-commerce giant Amazon. Yesterday, the tech genius responded to a tweet from Alex...
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CrossFit Loses Sponsors in Wake of Founder’s Insensitive Tweets
Fitness company CrossFit has witnessed a slew of sponsorship withdrawals after its founder, Greg Glassman, made some controversial statements. Glassman had mocked the current anti-racism protests that...
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European Delivery Service Just Eat Takeaway Acquires Grubhub for $7.3B
The on-demand food delivery space is getting a significant consolidation as European company Just Eat Takeaway has announced a deal to acquire Grubhub in the United States. According to a press release...
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United Airlines to Issue Compulsory Health Check Questions for Passengers
With airlines still in the beginning phase of returning to work, several top industry players have been taking precautions. United Airlines announced earlier this week that it would require flyers to...
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24 Hour Fitness Announces Multiple Gym Closures in Bankruptcy Reorganization...
24 Hour Fitness Inc. appears to have been the latest casualty of the coronavirus pandemic, as the company is now getting ready to shut operations down. The company announced that it would be filing for...
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Covid-19: Denmark to Use $9 Billion Holiday Fund to Stimulate Economy
Denmark appears to be looking to develop a progressive, capital-intensive plan that will help to keep the economy afloat as it deals with the coronavirus pandemic. The Danish Finance Ministry confirmed...
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