Uber Technology Inc. (NYSE:UBER) and Lyft Inc. (NASDAQ:LYFT) operations in several urban areas have been associated with an increase in car ownership by 0.7% on average per capita. This is according to research published in the journal of iScience that analyzed data from major cities in the US between 2011 and 2017. Ridesharing linked to […]
Fiona Gibson
PayPal Holdings Inc. (NYSE:PYPL) Introduces New Check Cashing Feature On the Venmo App
PayPal Holdings Inc. (NYSE:PYPL) has expanded its services to banking-like features with the introduction of the Cash a Check feature on the Venmo App. The feature allows select customers to cash printed, government, and payroll checks directly on the app. Venmo introduces cash a check feature Venmo is offering customers an easy, secure, and quick […]
Facebook Inc. (NASDAQ:FB) Introduces Vanish Mode Feature On Instagram And Messenger
Facebook Inc. (NASDAQ:FB) has unveiled its Vanish Mode feature which is more of Snapchat’s feature of disappearing messages. The social media giant is introducing the feature in Instagram and Messenger for more casual chats which allow users to set chats to delete automatically after a user has seen it. Facebook unveils Vanish Mode feature With […]
Rotation Ahead? Watch the Spirits Space (STZ, SBEV, TAP)
As the election process winds down, we appear to be heading toward a gridlock government, with Biden taking the White House, and the GOP holding onto control of the Senate. That promises to restrain fiscal stimulus and possibly drive capital flows from cyclical stocks into staples. One area that often wins during rotations like this […]
Citigroup (NYSE:C) Fined $400 Million By The OCC Over Risk Management And Quality Control Practices
Citigroup Inc. (NYSE:C) has agreed to pay a fine of $400 million over deficiencies related to internal controls and risk management, according to the Office of the Comptroller of Currency. A statement from the OCC said that the company has to seek its “non-objection before considering any new acquisitions. Citigroup warned of its risk management […]
Stocks for the Meatless Future (BYND, DGDM, HRL)
According to a Morgan Stanley study, we are headed for a market dominated by millennials – more and more, year after year. The next decade, for stock market participants, will be increasingly dominated by this transition. The data suggests that millennials will inherit over $68 trillion in that time, and much of that will likely […]
Verizon Communication Inc. (NASDAQ:VZ) Increases Data Offering For The Unlimited Plus Plan Customers
Verizon Communication Inc. (NASDAQ:VZ) has expanded the connected device plans with the Unlimited Plus plan, which will support the changing consumer needs requiring more reliable coverage and backup access while at home. Verizon customers to get more data with the new Unlimited Plus plan The Unlimited Plus plan offers consumers double the 4G LTE premium […]
PayPal Holdings Inc (NASDAQ:PYPL) Suspends Accounts Linked To Make Payments For Freelancers For Writing Content For Peace Data, A Russian Operation
PayPal Holdings Inc (NASDAQ:PYPL) terminated at least 4 accounts associated with a Russian influence operation. According to data obtained by the Business Insider, the freelancers are duped into writing the content for Peace Data, a progressive website linked to the Russian operation. The freelancers, who worked for Peace Data, received $100 per each article from […]
Why CBD is the Real Future of Cannnabis (CRON, YCBD, CBDD, NEPT)
The CBD space is more and more receiving attention as perhaps the real bloom on the flower of the cannabis movement in terms of economic and financial opportunities. It’s just a fact: most people aren’t ever going to be interested in smoking pot. But everyone wants to feel better, more healthy, more relaxed, and to […]
Four Ways to Play the Audio Boom (SONO, DBL, HRAL, LOGI)
The tech sector has become outsized during the current bull run, with an aggregate market cap that amounts to more than three other sectors combined as the megacaps rally. One consequence of this move is a differentiation process whereby investors are starting to parse the sub-industries into separate booms. One of the more interesting sub-sector […]
Apple Inc. (NASDAQ:AAPL) Opens A Megastore In Beijing Despite Criticism From William Barr
Apple Inc. (NASDAQ:AAPL) has unveiled another megastore in China in Sanlitun, Beijing’s upscale shopping district. The megastore is double the size of the company’s first store in China. Apple reopens megastore in China amid criticism The company reopened the landmark megastore as it continues to face increasing scrutiny over its relationship with China. Attorney General […]
Energy Transfer (NYSE:ET) Invokes Force Majeure To Prevent Customers From Abandoning Expansion Of Dakota Access Pipeline
Energy Transfer (NYSE:ET) invoked force majeure to prevent oil companies from abandoning the expected expansion of the disputed Dakota Access pipeline. Crude oil output dropped 33% in North Dakota. The US company is seeking almost double the size of the pipeline, but some oil firms that signed up indicated that it is not necessary anymore. […]
Gilead Sciences, Inc. (NASDAQ:GILD) Reports Minor Benefits Of Remdesivir In COVID-19 Patients
Gilead Sciences, Inc. (NASDAQ:GILD) released an update about its developmental COVID-19 vaccine remdesivir, revealing that the treatment yielded modest improvements in patients. Coronavirus patients who were administered with remdesivir intravenously for five days demonstrated moderate improvements. However, the COVID-19 patients that were treated with the drug for 10-days did not yield significant improvements. Remdesivir was […]
Gilead Sciences’ (NASDAQ:GILD) Potential COVID-19 Treatment Can Not Undo Damage On The US Economy
Gilead Sciences (NASDAQ:GILD) has a promising COVID-19 cure called remdesivir which caused US equity markets to surge on Friday. However, the surge in the stock market on Friday isn’t something justifiable. Is the economy gearing for fake markets? For stock markets, it has been a gloomy past few weeks and the economy could receive a […]
Lawyers Express Doubt On PG&E Corporation (NYSE:PCG)’s Ability To Pay Wildfire Victims Because Of Coronavirus Triggered Stock Market Tumult
The lawyers, who negotiated hard for the wildfire victims to get a fair deal with PG&E Corporation (NYSE:PCG), expresses doubt about the company’s ability to pay $13.5 billion agreed to the victims. The recent coronavirus triggered stock market turmoil plays a spoilsport. PG&E’s stock has declined to $10.9 after reaching a high of $18.34 on […]
