Amid escalating trade war tensions between the United States and China, red-hot streaming giant Netflix, Inc. (NASDAQ:NFLX) stock suffered its worst drop in two years on Monday, June 25. Netflix stock closed down 6% and, at one point, was down 10%. Netflix has essentially zero exposure to the rising trade war tensions. …read more […]
SEATTLE (Reuters) – Amazon.com Inc on Wednesday said it would offer incentives to entice entrepreneurs to set up their own small package-delivery businesses as part of Amazon’s latest effort to solve the challenge of getting goods the last mile to customer doorsteps.
Microsoft Corp. agreed to pay $7.5 billion for GitHub earlier in June, but it wasn’t the only interested party. Google was in the running too, according to Diane Greene, head of the company’s cloud arm. “I wouldn’t have minded buying them, but it’s OK,” Greene said at a Fortune Magazine event in San Francisco on Wednesday. …read more […]
TOKYO (Reuters) – A group of Takeda Pharmaceutical Co Ltd shareholders trying to build support to block the $62 billion acquisition of London-listed Shire Plc failed to get a proposal passed at the drugmaker’s annual general meeting (AGM) on Thursday.
BEIJING (Reuters) – China’s commerce ministry said on Thursday it would carefully monitor U.S. policies on inbound investments, stressing that the country opposes using national security as grounds to restrict foreign investments.
Tech stocks have been under fire over the past few days and Monday was a great highlight of that fact. The PowerShares QQQ Trust, Series 1 (ETF) (NASDAQ:QQQ) fell 2%, despite a late-session rally while bulls are growing tired of buying the dip amid continued trade-war rhetoric. Investors with a watchlist have likely noticed Microsoft Corporation (NASDAQ:MSFT), as MSFT stock has weathered the storm pretty well, but is now below $100. …read more […]
TOKYO (Reuters) – A senior Panasonic Corp official on Friday said a pickup in production of Tesla Inc’s Model 3 cars, after earlier delays, has resulted in occasional battery shortages.
TOKYO (Reuters) – Asian stocks slumped to nine-month lows on Thursday on growing worries the U.S. administration’s approach to trade is harming global economic growth even as it appeared to be modifying its approach to curb Chinese investments in U.S. technology firms.
(Reuters) – Chipotle Mexican Grill Inc said on Wednesday the chain will shut up to 65 underperforming restaurants and revamp its marketing under Chief Executive Officer Brian Niccol, but many questions remain unanswered about what to expect under the new leadership.
(Reuters) – Chipotle Mexican Grill Inc will shut up to 65 underperforming restaurants and revamp its marketing under Chief Executive Officer Brian Niccol, executives said in the chain’s Wednesday investor call on Wednesday, but few other details were given on what shareholders should expect under the new leadership.
Chipotle’s share price has risen more than 80 percent since Niccol’s hiring was announced in February as the company focused on how the chain could raise online sales. Chipotle will add “in-app” delivery of its products to about 2,000 restaurants by the end of the year and launch a long-awaited loyalty program in 2019. Executives did not say whether fast-casual dining menu items such as quesadillas and nachos would be added to the menu, and they brushed aside a question about international plans, saying they would focus on “aggressive growth” in the United States. …read more […]
As games become more graphically intensive, NVIDIA expects customers to buy more advanced graphics cards. …read more […]
(Reuters) – As Gibson Brands Inc targets an exit from Chapter 11 bankruptcy later this year, the iconic guitar maker plans a return to traditional guitars after an ill-fated attempt at computerizing them and possibly a foray into ukuleles, CEO Henry Juszkiewicz told Reuters on Wednesday.
Rite Aid (NYSE:RAD) had a great Wednesday marked by solid gains as the pharmacy chain posted its latest quarterly earnings results, posting revenue that beat analysts’ expectations. The company said that it raked in a profit of about 20 cents per share for the period, or a loss of about a penny per share on an adjusted basis. Rite Aid’s adjusted loss was in line with the Wall Street consensus estimate of a penny per share. …read more […]
WASHINGTON/NEW YORK (Reuters) – Equifax Inc on Wednesday avoided fines in a deal with eight states’ banking regulators over a data breach that compromised sensitive data of more than 145 million people, as the credit reporting agency agreed to tighten up security.
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