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 […]
Fiona Gibson
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 […]
American Manufacturers – Under Armour Inc (NYSE:UAA), Nike Inc (NYSE:NKE), And Fanatics Rush To Supply Protective Medical Gear
Amid rising coronavirus cases and related deaths every day, American manufacturers like Under Armour Inc (NYSE:UAA), Nike Inc (NYSE:NKE), and Fanatics are rushing to meet the urgent need for protective medical gear. Fanatics make medical masks The licensed apparel manufacturer for sports leagues – Fanatics has prepared its Easton, Pennsylvania factory to produce gowns and […]
General Motors (NYSE:GM) Turns To Battery Development In A Bid To Compete With Tesla Inc (NASDAQ:TSLA)
General Motors (NYSE:GM) was quite impressed after managing to make an adjusted net income amounting to $50 billion. These are financial results for the past five years. Matters seem different for Tesla Inc (NASDAQ:TSLA), which incurred a loss of about $5 billion. On a good day, one would expect investors to opt for GM, but […]
Walmart Inc. (NYSE:WMT) To Equip Its Locations Where It Is Opening Health Clinics With 5G Network
Walmart Inc. (NYSE:WMT) is in talks with Verizon Communications (NYSE:VZ) to equip its retail locations with 5G wireless service using antennas and other equipment. Walmart to bring 5G network to its stores The company plans to bring the 5G network to some of its locations later this year to help in powering its new Walmart […]
Uber Technologies Inc (NYSE:UBER)’s Uber Eats Head – Jason Droege Steps Down: Uber To Focus On Meal Delivery Service Without Spending Much Cash
Uber Technologies Inc (NYSE:UBER)’s Uber Eats Head – Jason Droege will step down because the company focuses on profitable and growing food delivery service business without spending all of the hard-earned money. Founded Uber Eats The uber executive Jason has established Uber Eats in December 2015. It has grown to become the second revenue earning […]
