Walmart Is Almost Out Of Japan’s Retail Market Threatened By Tough Competition
Walmart is selling its majority stake in the local retail chain Seiyu, its latest exit after it pulled out of Britain and Argentina.
Fed's Powell Foresees New Economy. Should You Be Worried?
Fed Chairman Jerome Powell said the economy as we knew it, is over. Who will be the most impacted in the new normal?
Coronavirus Pandemic: JetBlue Will No Longer Block Middle Seats On Flights
The carrier plans to start booking full flights Jan. 8, joining Southwest Airlines, which will attempt to operate at full-capacity beginning Dec. 1.
Former Employee Sues Amazon Over Poor Working Conditions, Racial Bias During Pandemic
This is one of many instances when Amazon has been called out for poor working conditions during the pandemic.
Pfizer CEO Sold Shares Worth $5.6M On The Day Company Unveiled Promising COVID-19 Drug
This sale was reportedly part of a preapproved plan under which major shareholders and members of listed corporations trade a ‘predetermined’ number of shares at a decided time.
Google Kills Off Play Music; YouTube Music To Get New Upgrades
This comes as part of Google's slashing frenzy, in which the tech giant already axed services like Trusted Contacts and Reader, and plans to kill Hangouts next.
Say Goodbye To Google Photos’ Unlimited High-Quality Backup On June 1, 2021
Users will be charged after 15 GB has been used on the account. Only photos uploaded after June 1 will be counted against the new cap.
Lyft May Expand Into Delivery Business To Offset Losses From COVID-19
Lyft will offer logistics rather than a marketplace for retailers to gain additional revenue as COVID-19 continues to hurt the company's primary business.
Former Employee Accuses Chan Zuckerberg Initiative Of Racial Bias
Ray Holgado alleged that he was denied promotions and growth opportunities within the charity, and treated differently due to his race.
Trouble For Big Tech: China Unveils New Regulations To Curb Antitrust Practices
Beijing's crackdown on dominant internet companies in China, including Alibaba and Tencent, has shocked investors and prompted a selloff of Chinese equities in the last week.
Elon Musk’s Hyperloop Venture Is Hiring For New Project In Austin
The Boring Company, Tesla and SpaceX owner Elon Musk's transportation venture, has posted new job ads.
China's Yuan Greets President-Elect Joe Biden, Jumps To 29-Month High
Investors are hoping for less tumultuous relations between the U.S. and China with Biden at the helm and a weaker dollar.
Boeing 737 Max May Get FAA Green Light To Fly Again As Early As Next Week, Says Report
The FAA's review of the proposed changes to Boeing's 737 Max can be completed in the “coming days” once all safety concerns on the aircraft have been addressed, FAA chief Steve Dickson has told Reuters.
Amazon Expands Business In Brazil As E-Commerce Surges During COVID-19
This is Amazon's biggest expansion in Brazil since its launch in the country in 2012. Amazon Prime came to Brazil only in September 2019.
China’s Trade Sees An Uptick, But World Economy Is Still In Throes Of Coronavirus
China's trade surplus stood at $58.44 billion, up from September’s $37 billion, but unstable market conditions in global economies may spell danger for the Asian superpower.
Bentley Will Go All-Electric In The Next Decade
Bentley is following its parent company Volkswagen's plans to become a market leader in the electric vehicle space by 2025.
Florida Approves Hike In Minimum Wage, '2.5 Million Floridians Will Get A Raise'
New York and California have already implemented a $15 minimum wage in some parts of the state.
Chinese Yuan Sees Worst Fall In Years As US Elections Remain Undecided
The offshore yuan plunged as low as 1.4% briefly on Wednesday when President Trump led in the polls, before paring its losses later.
Coronavirus Pandemic: US Cruise Lines Voluntarily Cancel Sailings Until End Of 2020
The Center for Disease Control and Prevention raised concerns about the spread of COVID-19 on ships overseas despite reduced passenger capacities.
Solar Panel Company Sunrun's Stock Has Jumped Nearly 300% In 2020
Sunrun, the biggest rooftop solar company in the U.S., is due to post its Q3 earnings Thursday.
American Airlines Slashes 100,000 Flights In December Schedule Due To Low Demand
As travel demand failed to recover during the holiday season, American Airlines cut its December schedule by nearly half.
Walmart’s Robotic Sidekicks Get The Boot, Partner Bossa Nova Takes A Hit
After testing Bossa Nova robots for five years to track inventory, Walmart has ended the partnership.
Uber Eats Accused Of Racial Bias Over Policy Allowing Free Delivery For Black-Owned Restaurants
To support the Black community after the killing of George Floyd, Uber waived delivery charges for Black-owned restaurants to incentivize customers to buy from them.
‘Bond King’ Jeffrey Gundlach Predicts Trump’s Reelection, Believes America Could Split Up
Billionaire investor Jeffrey Gundlach also said there are dangers to the already-weak economy if Washington fails to agree on a big enough timulus package.
US Stock Futures Gain Ahead Of Election Day, Dow Futures Rise Over 450 Points
Wall Street on the mend after selloff in the last week of October.
Ford Plans To Unveil Its Electric Transit Cargo Van In November To Push Its EV Agenda
Transit is a part of Ford’s $11.5 billion commitment to expand its electric vehicle offerings through 2022.
Traveling During The Pandemic? You May Get Seats Through A ‘Buy One Get One Free’ Deal
Airlines are trying to stir demand among customers by offering attractive offers like 2-for-1 tickets and unlimited passes.
Trump Or Biden? The Stock Market Offers A Clue
The CFRA's Presidential Predictor is favoring a Biden win this election, on the back of a small decline in the S&P 500.
Ant Group IPO attracts $2.8 Trillion From Investors in Shanghai
Alibaba-backed Ant Group is set to start trading on November 5 through one of the most anticipated IPOs ever.
Low iPhone Sales Pull Apple’s Stock Down, Tim Cook Has High Hopes For iPhone 12
Apple saw a 20.7% decline in iPhone sales in the quarter, while Mac and iPads saw a significant increase in sales.