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AT&T Inc. (NYSE:T) To Lay Off More Than 3,000 Jobs And Close 250 Stores

AT&T Inc. (NYSE:T) announced plans to cut more than 3,000 jobs and close 250 stores. Although the company is yet to confirm the exact number of jobs affected, around 3,400 jobs, clerical jobs, technician, and managerial and executive roles, will be affected. In addition to job cuts, the company will close 250 retail stores, among […]

Moderna, Inc. (NASDAQ: $MRNA), Q BioMed Inc (OTC: $QBIO) and Gilead Sciences (NASDAQ: $GILD) are getting a lot of attention now

Biotech stocks have continued to be market-leading targets for investors through the coronavirus stock market crash and rebound. Moderna, Inc. (NASDAQ: $MRNA), Q BioMed Inc (OTC: $QBIO) and Gilead Sciences (NASDAQ: $GILD) are getting a lot of attention now. Having been the first group to start testing a vaccine against SARS-CoV-2, Moderna inc (NASDAQ: MRNA) […]

Ford And Rivian Abandon Plans To Develop A Lincoln-Branded Electric Vehicle

The COVID-19 pandemic has caused major disruptions in business operations around the globe. The auto industry is also one of the many segments that have been hit hard. A joint project between Ford Motor Company (NYSE:F) and Rivian won’t go as had been planned. It was a deal that would see the two develop a […]

New York City Department Of Education Tells Teachers To Use Microsoft Corporation (NASDAQ:MSFT) Teams And Bans Zoom Over Security Issues

New York City Department of Education recommends Microsoft Corporation (NASDAQ:MSFT) Teams to teachers because of enhanced security controls and privacy. It has banned the use of Zoom in schools over the hijacking of video conferencing and security issues. Go-to-video conferencing app Microsoft is putting is efforts to make its Teams a Go-to-video conferencing app. According […]

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 […]

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