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Patricia Campbell-Smith Of The US Court Expects Amazon.com, Inc (NASDAQ:AMZN) To Succeed In The $10 Billion JEDI Contract

Patricia Campbell-Smith, a Federal Claims Judge at the US Court, said Amazon.com, Inc (NASDAQ:AMZN) is likely to win its case against the decision of the US Department of Defense (DOD) in awarding a prestigious $10 billion Cloud Computing JEDI contract to Microsoft Corporation (NASDAQ:MSFT). Issues an order to halt the work on the JEDI contract […]

Twitter Inc (NYSE:TWTR) Speaks Out On Facebook, Inc (NASDAQ:FB) Hacked Accounts

Twitter Inc (NYSE:TWTR) has today given out a detailed statement outlining Facebook, Inc (NASDAQ:FB) account was hacked. The business guru says that asides from the company’s official account its Messenger also fell victim to the hackers. Twitter learns about the hack The one that brought this report to the limelight was the spokesperson of Twitter […]

Costco (NASDAQ:COST) Lost $11 Million On Thanksgiving Sales Following Website Crashes

Costco’s (NASDAQ:COST) site experienced technical issues on Thanksgiving, which potentially cost the warehouse retailer millions of dollars in sales. The technical trouble led to the site being down for almost 16 hours. Costco loses $11 million in sales on Thanksgiving According to retail and deal site Love The Sales, the company lost an estimated $11 […]

Chicago Data Shows Uber (NYSE:UBER) Overcharging Carpooling riders

One of Silicon Valley’s [most closely guarded secrets is how much taxi-hailing companies Lyft (NASDAQ:LFYT) and Uber (NYSE:UBER) charge customers. A Chicago law requiring the companies to provide their fare data has offered information on how one of the companies is trying to make a profit. Ridesharing fares increasing Over the last year, shared rides […]

Is Forever 21 Bankruptcy Stalled?

Forever 21 Inc. will keep over 60 stores running in the U.S. previously planned to close as part of the firm’s bankruptcy restructuring. This new development came after the company secured rent concessions from its leading landlords, including Macerich Co. Tom O’Hern the CEO of Macerich. He said that they were having weekly negotiations with […]

Google (NASDAQ:GOOGL) Faces Antitrust Investigation Regarding New Encrypted Web Protocol

Google (NASDAQ:GOOGL) is at the center of a congressional antitrust probe regarding the company’s plans to use a new web protocol. Google wants to enhance user security and privacy with the introduction of an encrypted web protocol. Antitrust investigators question Google’ new protocol US lawmakers are raising concerns that the move will give the company […]

Pfizer Inc. (NYSE:PFE) To Merge Its Off-Patent Business With Mylan (NASDAQ:MYL)

There are reports indicating that Pfizer Inc. (NYSE:PFE) wants to merge its off-patent drug operations in a stock deal with generic drug maker Mylan (NASDAQ:MYL) whose market value is estimated at $9.5 billion. Pfizer to get $12 billion from sale of debt The pharmaceutical company is will spin off its new unit so that it […]

Ebix Paying $338 Million for Indian Travel Booking Company Yatra

Atlanta-based software company Ebix Inc. (NASDAQ: EBIX) is acquiring Yatra Online (NASDAQ: YTRA) for $337.8 million in an all-stock transaction.  The main prize for Ebix is Yatra Online Pvt. Ltd., a subsidiary of Yatra Online and leading corporate travel exchange in India. The companies announced during the first quarter that they were considering merging.  On […]

ISM Manufacturing Index Unexpectedly Slips to 52.1% in May

Against consensus economist calls for a modest increase to 53.0%, the Institute for Supply Management showed Monday morning that its Manufacturing Index fell 0.7 percentage point from April’s 52.8% to 52.1% in May.  The monthly report on economic activity in the manufacturing sector is interpreted by readings over 50% signaling that more businesses are expanding […]

Entry of Institutional Investors in 2019 Will Propel Bitcoin Prices, Mike Novogrtatz Predicts

Notorious Bitcoin crusader, Michael Novogratz has made adjustments to his earlier prediction that Bitcoin’s prices will hit the $40,000 mark by the end of 2018. He is no longer optimistic that the prices would even surpass $10,000 unless institutional investors join the cryptocurrency space in first and second quarters of 2019. Novogrtatz admitted in an […]

Bulls in Action: Atlanticus Holdings’ (NASDAQ:ATLC) Advancing Short Squeeze Breakout

Financial Company’s shares surge 17% higher as float dries up. Technically speaking, shares could still climb higher. Shares of Atlanticus Holdings Corporation (NASDAQ:ATLC) have been stringing together some impressive gains during the last few sessions after several bullish comments disclosed by the company in their recent 10Q Quarterly Report have the bulls buying and holding […]

HEX Innovation’s Blockchain-Powered Medical Platform Starts Operations

HEX Innovation based in Gong Kong has announced that it has launched a blockchain technology platform that will specifically carry medical information.  The company made the announcement during this year’s Hybrid Summit, which was held in Bangkok. Hybrid Summit is a blockchain conference. Managing patients’ records In a statement, the company said that the platform […]

Korea’s Financial Regulator Looking Forward To Undertake Restructuring Activities

South Korea’s Financial Services Commission (FSC) always puts the interests of investors first in its daily endeavors. It has today pronounced restructuring plans that will ensure desirable market changes take effect. From time to time, new financial technologies such cryptocurrencies arise, posing challenges in the markets. This commission is looking forward to succeed in dealing […]

Cryptocurrency Company To Report Large Transactions To Israeli Tax Authorities

The Israeli Tax Authority (ITA) has entered a deal with the biggest Bitcoin exchange in the country. The crypto exchange which is based in Tel Aviv has agreed to report authorities which transfer over $50,000 of the digital currency. The Israeli Tax Authority entered into an agreement with Bits of Gold which is said to […]

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