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  • Ben Norman
  • 18 Days ago
  • 0

Italy’s UniCredit hopes to merge with France’s Societe Generale

Will there be a new super-bank in town? The Financial Times reported on Tuesday that two of Europe’s largest commercial banks could potentially merge soon. Italy’s UniCredit hopes to acquire Societe Generale in one of the biggest bank acquisitions of all time. However, a deal is far from definitive. UniCredit did not comment on the […]
  • Crystal Ng
  • 1 month ago
  • 0

Starbucks’s new policy towards non-paying customers

Starbucks’s new policy allows non-paying customers to sit in their cafes and use their restrooms. A video centered on two African American men in a Starbucks in Philadelphia spiraled out of control on the internet. It caught world-wide attention not long ago. The two men, Rashon Nelson and Donte Robinson, were seen to be ushered […]
  • Crystal Ng
  • 2 Months ago
  • 0

Are you willing to pay $999 for an iPhone?

iPhone X is not selling well because of its high price. Apple’s earnings report show an increase. Perhaps it’s because of how frequent each generation of iPhones are getting released, or maybe because of the increased number of competitions in the market, the latest iPhone, the iPhone X, seems to be lacking behind in the […]
  • Crystal Ng
  • 2 Months ago
  • 0

Is Amazon making its profit off Prime members?

Amazon’s earnings in the first quarter is twice of its earnings before. The company plans to increase its Prime membership fee by 20%. Towards the end of last month, Amazon has announced that its earnings have exceeded expectations, reaching an astronomical sum of $1.6 billion. That is twice of its earnings before. With that said, […]
  • Crystal Ng
  • 2 Months ago
  • 0

Did the scandal actually affect Facebook’s stocks?

Facebook first-quarter reports show that its earnings and shares are all soaring up. The company has far exceeded Wall Street predictions. Despite the horrendous scandal that Facebook had gone through just weeks ago, it seems that the company is still going strong in its stocks, as reported by Business Insider. Click here to be directed […]
  • Crystal Ng
  • 3 Months ago
  • 0

Grab Acquires Uber’s Foothold in Southeast Asia

Uber Technologies is experiencing global challenges. Grab has procured Uber in Southeast Asia. Grab is a ride-hailing and logistics service based in Singapore. Its services are available in most of its neighboring countries in Southeast Asia. These include countries like Malaysia, Indonesia, Philippines, Vietnam and so on. The company has excelled in recent years such […]
  • Crystal Ng
  • 3 Months ago
  • 0

SEC filing shows anomaly in Spotify’s data report, are Users Abusing the System?

Users have found a way to overcome Spotify advertisements without paying. SEC filing shows 2 million users unaccounted for.  While Youtube has recently revealed its reason for inserting an abundance of advertisements that interrupt music videos, they are not the first music streaming service to do so. Youtube, in an effort to promote its new […]
  • Crystal Ng
  • 3 Months ago
  • 0

Amazon continues to flourish

For some time now, Alphabet, the parent company of our beloved Google, has been holding the position of the runner-up, right behind Apple Inc. in the global market. In recent events, Amazon.com has just surpassed Alphabet in acquiring the position of the second most valuable company in the world. This is the first of such […]
  • Cedric Brenninkmeijer
  • 12 Months ago
  • 0

Financial Firms Vulnerable to Class-Action Lawsuits

The Consumer Financial Protection Bureau has planned to adopt a rule that would prohibit financial firms from forcing Americans into arbitration in disputes over their bank and credit card accounts. This rule will affect millions of Americans, as they are no longer subject to the whims of financial firms and their exploitative measures the isolate […]
  • William Van-Lear Black
  • 12 Months ago
  • 0

Snap Shares Dip Below IPO Price, Selloff Expected

Shares of Snap, Inc. were valued at $16.99 when the market closed Monday, marking the first time the stock has dipped below its $17 IPO price since the company went public in March. The drop comes as the market anticipates a massive selloff of Snap stock when a lockup period, which prevented investors who bought […]
  • William Van-Lear Black
  • 12 Months ago
  • 0

Vantiv Wins Bidding War, Acquires Wordplay for $10 Billion

British payment processing company Wordplay announced Tuesday that JP Morgan Chase and Vantiv had each expressed interest in acquiring it. Wordplay made the announcement without either suitor’s consent. The New York Times did not receive comment from either prospective buyer. Negotiations were thought to be in the early stages, and many wondered whether a deal […]
  • Sharnita Sanders
  • 1 year ago
  • 0

Uber Announces a Loss of $2.8 Billion for 2016

Uber announced a gross of $20 billion for the year of 2016, which is double what the company made just the year before. After its drivers took their share, the company’s net revenue was an estimated $6.5 billion for the entire year. However, that rapid growth did not come without a price. In fact, the […]
  • Sharnita Sanders
  • 1 year ago
  • 0

J.C. Penney Fall in Sales Causes 140 Store Closures

J.C. Penney can be added to the list of retailers closing some of its stores. Many consumers have shifted their focus to online shopping which has lowered the number of sales in many brick and mortar stores. Recently, however, the 114-year-old retail veteran company says that about 140 of its 1,000 stores will be closing […]
  • Sharnita Sanders
  • 1 year ago
  • 0

Tiffany Gets Rid of Its CEO After Super Bowl

Before its Super Bowl ad could hit televisions around America, Tiffany & Co. replaced its Chief Executive Officer, Frederic Cumenal. It would seem the abrupt firing of Cumenal was due to the discouraging financial numbers possibly linking to poor holiday sales that lowered the stock. Tiffany said that the company will be replacing Cumenal with […]
  • Sharnita Sanders
  • 1 year ago
  • 0

Trump Calls for Lower Drug Prices

President Trump’s message to pharmaceutical executives sounded quite the same as it was for automakers. The president met with companies like Merck & Co., Johnson & Johnson and others in the oval office. He warned them that if they didn’t keep their business in the United States regulations for them would rise. Not only was […]
  • Sharnita Sanders
  • 1 year ago
  • 0

Stock Loses $1.4 Billion on Inauguration Day?

 The forecast that President Donald Trump would enforce the prices of the aerospace industry prompted a publication by Andrew Left. Left, of Citron Research, is the short seller that brought down Valeant Pharmaceuticals. On the day the President was sworn in, Left made it known to bet against TransDigm Group, an airplane parts manufacturer. After […]
  • Sharnita Sanders
  • 1 year ago
  • 0

Pension Change Causes $2 Billion Drop for Ford

From President Trump’s criticizing Tweets to threats of “big border tax”, the start of the year has been slightly rocky for Ford. However, despite new Presidents threats, Ford created a great deal of jobs in Michigan and managed to invest millions toward factory expansion in the state. Yet recently Ford says that an alteration in […]
  • Sharnita Sanders
  • 1 year ago
  • 0

Foreclosure Rates Reach A Low In 2016

Millions of Americans had foreclosures on their homes or properties last year. However, the rates of foreclosure have hit a 10-year low since 2009. Last year foreclosure rates dropped 14 percent. This is a 70 percent drop from 2009. It’s reported, according to Reuters, that last year’s nearly 379,000 home and property owners lost their […]
  • Sharnita Sanders
  • 1 year ago
  • 0

Sears Sells Craftsman and Gains $900 Million

From recently closing a few of its stores to borrowing money from the CEO, Sears Holdings struggles to keep its head above water. However, recently the company announced that it will sell its tool brand Craftsman to Stanley Black & Decker for $900 million. The payment for Craftsman will split into two installments. Stanley Black […]
  • Sharnita Sanders
  • 1 year ago
  • 0

China Reserves Fall To $3 Trillion

China’s yuan managed to reach its sharpest decline in the last twenty years. China’s foreign currency stayed above $3 trillion for December. The People’s Bank of China confirmed that reserves dropped $41 trillion to $3 trillion. The State Administration of Foreign Exchange (SAFE) says the attempt to stabilize the yuan contributed to the fall in foreign currency. […]
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