Markets

Jun01, 2018

Amazon tightens policy in Australia

Make way for an Amazon-Aussie standoff Starting on July 1st, Australian consumers will face more restrictions from e-commerce giant Amazon. Consumers in Australia will no longer be able to purchase goods from Amazon’s international website (the one that most consumers…
Jun01, 2018

Samsonite CEO Steps Down

Samsonite has some new baggage Luggage manufacturer Samsonite lost its CEO Ramesh Tainwala on Friday. The announcement came after short-seller Blue Orca Capital accused him of false educational background claims on his resume. Moreover, Tainwala claimed that he had a…
Jun01, 2018

Italy making significant changes

Italy potentially faces turmoil On Wednesday, Italy sold €5.6 billion ($6.5 billion) of debt. The breakdown looked like this: €1.75 billion of five-year bonds, €2 billion of seven-year bonds, and €1.8 billion of ten-year bonds. However, unfortunately for investors, yields…
Jun01, 2018

GM and Softbank invest in autonomous cars

All aboard the self-driving bandwagon GM and Softbank are the most recent firms to invest in self-driving cars. Japanese holding company Softbank announced its investment of $2.25 billion into GM’s self-driving development. In December, the firm purchased a 15% stake…
May31, 2018

Warren Buffett nearly invested in Uber

Uber misses out on Buffett's investment When Warren Buffett invests in or even comments on a company, every investor takes notice. Indeed, he has the ability to send shares skyrocketing solely because he is confident in it. Further, when he…
May30, 2018

Microsoft eclipses Alphabet in value

The technology firm’s market value surpassed Google parent Alphabet on Tuesday Microsoft (MSFT) shares have increased by 15% since the beginning of 2018 and nearly 41% in the past year. Contrarily, Alphabet (GOOGL) has increased by just .3% in 2018…
May28, 2018

Foot Locker shares up 20%

Foot Locker is on the up-and-up, but will it be long-term? The apparel and shoe store saw its shares boost on Friday, after exceeding earnings expectations. Moreover, Wall Street anticipated earnings per share of $1.25. Foot Locker eclipsed this figure…
May25, 2018

Walmart and Target doing all they can to catch up to Amazon

Can anyone keep up with Amazon? Amazon, which seems unstoppable as a retail giant, continues to grow daily. Brick-and-mortar stores like Walmart and Target are the closest competitors, and even they are struggling to keep up. Walmart, Target, and Kroger…
May25, 2018

President Trump loosens bank regulations

Congress reaches bipartisan agreement on bank regulations On Thursday, President Trump rolled back regulations on small- and mid-size banks. The Obama administration signed the Dodd-Frank Wall Street Reform and Consumer Protection Act (abbreviated as Dodd-Frank) to increase financial stability after…
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