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Amazon Purchasing Wi-Fi Startup Eero

Amazon Purchasing Wi-Fi Startup Eero

Amazon.com Inc. (NASDAQ: AMZN) and mesh-networking Wi-Fi company Eero have entered into a merger agreement for the retailer to acquire the startup for an undisclosed sum. The terms of the deal have not been disclosed and neither... 
Will US Stocks Rebound After Trade Talks with China?

Will US Stocks Rebound After Trade Talks with China?

US stocks are poised to open higher and build on strength, Tuesday, soaring on hopes that US and China trade tensions will cool after negotiators meet this week, in the Chinese capital city of Beijing.  Current data shows... 
Papa John’s Gets $200M Investment

Papa John’s Gets $200M Investment

Papa John’s International Inc. (NASDAQ: PZZA) is rolling in dough after receiving a $200 million investment from hedge fund Starboard Value. In the deal’s announcement, the hedge fund’s CEO Jeffrey C. Smith said, “Papa John’s... 
Tesla Posts Another Quarterly Profit

Tesla Posts Another Quarterly Profit

Tesla Inc. (NASDAQ: TSLA) has announced its second consecutive quarterly profit, marking the first time the company has reported back-to-back profitable results. On an unadjusted basis, Tesla made $139.5 million, or 78 cents... 
US Consumer Confidence Drops to 18-Month Low

US Consumer Confidence Drops to 18-Month Low

Since 2010, consumer confidence has been on quite a steady incline. Some months—some years—have been better than others, of course, but consumer confidence in America hit an 18-year high just three months ago, hitting 137.9... 
Apple Posts Holiday Quarter Declines In Profit And Revenue

Apple Posts Holiday Quarter Declines In Profit And Revenue

Apple Inc. (NASDAQ: AAPL) just reported its worst performance during the holiday quarter in roughly a decade. Profits for the quarter ended in December fell to $19.97 billion, down from roughly $20 billion in the same quarter... 
Netflix Announces Subscription Price Increase

Netflix Announces Subscription Price Increase

Netflix (NASDAQ: NFLX) has announced that it would be raising its subscription prices in the United States. The price increases will be applied to all existing subscribers over the next few months, while new members will be charged... 
SpaceX Announces Plans To Cut Workforce By 10 Percent

SpaceX Announces Plans To Cut Workforce By 10 Percent

Rocket company SpaceX has announced plans to lay off about 10 percent of its workforce in the coming weeks. The workforce reduction was announced in an email sent to employees by President Gwynne Shotwell. The move is expected... 
Macy’s Had A Disappointing Holiday Season

Macy’s Had A Disappointing Holiday Season

Macy’s (NYSE: M) didn’t sell as much merchandise during the holidays as executives had hoped, resulting in the company reporting disappointing sales results for the November and December period. The department store giant... 
Rising Wages, Low Unemployment, and Falling Gas Prices Contribute to Best Holiday Shopping Season in Six Years

Rising Wages, Low Unemployment, and Falling Gas Prices Contribute to Best Holiday Shopping Season in Six Years

Investors in US stocks did not have a very good Christmas, but retailers have had quite the week as sales this 2018 holiday season are the strongest in six years.  Rising more than 5 percent since last year, US consumers spent over... 
Apple To Build New Campus In Austin

Apple To Build New Campus In Austin

Apple Inc. (NASDAQ: AAPL) has announced new plans to spend $1 billion on building a new campus in Austin, Texas. The new Austin campus will be located in North Austin and will occupy 133 acres. The new facility will have a workforce... 
Verizon Taking $4.6 Billion Loss On Media Division

Verizon Taking $4.6 Billion Loss On Media Division

Verizon (NYSE: VZ) expects to write down the value of its Oath business by $4.6 billion in the fourth quarter of this year. The company made the declaration in a Securities and Exchange Commission document filed on Tuesday. The Oath... 
After Biggest Biotech IPO in History, Moderna Tumbles on Wall Street

After Biggest Biotech IPO in History, Moderna Tumbles on Wall Street

At the end of the wee, Moderna logged one of its worst days for any company that went public this year, on the heels of investors selling the volatile biotechnology firm during a time of widespread market decline. Indeed, the Nasdaq... 
Aetna and CVS Health Finalize $70 Billion Merger

Aetna and CVS Health Finalize $70 Billion Merger

It has been a year since CVS Health and Aetna agreed to merge in a strategy to revamp health care in the United States and this week, they sealed the deal.  Now finalized, the deal brings together one of the largest pharmacy chains... 
Disney and Fox Face Billion Dollar Lawsuit Over Abandoned Fox Theme Park in Malaysia

Disney and Fox Face Billion Dollar Lawsuit Over Abandoned Fox Theme Park in Malaysia

In 2013, Twentieth Century Fox announced its plans to build its very first theme park, in Malaysia, of all places. The company had hoped an investment in state-of-the-art technology will help the park compete with the likes of industry...