Charles Schwab is in talks to buy TD Ameritrade at a time when the brokerage business is succumbing to the trend of zero-commissions. Yahoo Finance’s Julie Hyman, Adam Shapiro, Dan Roberts and David Kotok, Cumberland Advisors’ Chairman and Chief Investment Officer discuss. …read more […]
The U.S. dollar and global equity markets edged lower on Thursday as efforts by China to smooth the path forward in U.S.-Sino trade talks was offset by concerns tensions between the world’s two largest economies were too large to quickly overcome.
Shares of marijuana companies rose on Thursday after a U.S. congressional committee passed a legislation to decriminalize cannabis, taking it a step closer to being approved by the Democratic-controlled House of Representatives.
General Motors Co’s first electric pickup truck model will go on sale in the fall of 2021, the company’s top executive said on Thursday, around the same time as electric carmaker Tesla Inc’s own model is expected to debut.
Macy’s Inc cut its annual profit forecast for the second time this year on Thursday, as the department store operator blamed weak international tourism, warm weather and sluggish mall traffic for the first drop in same-store sales in two years.
Ride hailing company Uber denied a German magazine report on Thursday that it was considering hiring Wirecard as its main payments partner to replace Dutch platform Adyen.
Yahoo Finance’s Julie Hyman, Adam Shapiro and Dan Roberts talk retail and retail earnings with David Kotok, Cumberland Advisors Chairman & Chief Investment Officer and Stacey Widlitz, SW RETAIL ADVISORS’s Chief International Store Hunter. …read more […]
(Bloomberg) — Long-anticipated layoffs at WeWork have begun, part of the struggling office-sharing company’s plan to cut costs after staggering losses.WeWork said Thursday that the reductions will affect 2,400 employees globally. They will receive severance and continued benefits and other forms of assistance, according to an emailed statement.The job cuts represent almost 20% of the company’s global workforce, which totaled 12,500 as of June 30.“We are grateful for the important roles they have played in building WeWork over the last decade,” a company spokesperson said. Staff reductions began weeks ago in regions around the world and continued this week in …read more […]
The winner of the next-generation hepatitis B vaccine market could largely be determined by upcoming safety data between Sci-B-Vac and Heplisav-B Continue reading… …read more […]
WeWork said on Thursday it is laying off around 2,400 employees globally, as the office-sharing company seeks to drastically cut costs and stabilize its business after it transformed from a Wall Street darling into a pariah in a matter of weeks.
Ride hailing company Uber denied a German magazine report on Thursday that it was considering hiring Wirecard as its main payments partner to replace Dutch platform Adyen .
EU trade chief Cecilia Malmstrom and ministers expressed cautious optimism on Thursday that the threat of U.S. tariffs on imported European cars had passed.
(Bloomberg) — Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.Sanofi is holding discussions over options for its consumer-health business that could be worth $30 billion as new Chief Executive Officer Paul Hudson seeks to rejuvenate the French drugmaker, people familiar with the matter said.While the pharma giant has made no decisions, it has been talking to financial advisers to gauge shareholder feedback, according to the people, who asked not to be identified because the deliberations are private. Hudson, who has said he will take a critical look at all of Sanofi’s …read more […]
WeWork said on Thursday it is laying off around 2,400 employees globally, as the office-sharing company seeks to drastically cut costs and stabilize its business after it transformed from a Wall Street darling into a pariah in a matter of weeks. “As part of our renewed focus on the core WeWork business, and as we have previously shared with employees, the company is making necessary layoffs to create a more efficient organization,” a company spokeswoman said in a statement. “This workforce reduction affects approximately 2,400 employees globally, who will receive severance, continued benefits, and other forms of assistance …read more […]
Twitter Inc is globally launching a feature for users to hide certain replies on their tweets, in order to give people more control over their conversations on the site, the company said on Thursday. The feature, which has previously been tested in the United States, Canada and Japan, is part of Twitter’s efforts to clean up abusive content and make the social media platform more user-friendly. During testing, the company found that people mostly hid replies they found “irrelevant, off-topic or annoying,” Suzanne Xie, director of product management at Twitter, said in a blog post on Thursday. …read more […]
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