Markets

Jun07, 2018

Trade deficit reaches seven-month low

Controversial tariffs not making waves yet The Commerce Department announced on Wednesday that the trade deficit dropped 2.1% in April, making the month’s deficit $46.2 billion. This figure is down 2.1% month-to-month, with March’s deficit valuing at $47.2 billion. Both…
Jun05, 2018

Twitter Joins S&P 500

Don’t sleep on Twitter Five years after its initial public offering, Twitter will join the S&P 500. Twitter will replace Monsanto as the latest company in the S&P 500, a stock market listing of the largest companies traded on the…
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…
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