Business

Uber Reports Another Loss For 4th Quarter

Uber reported another loss for the fourth quarter of the 2018 fiscal year when it released limited financial results this week. On an adjusted basis, the company’s losses for the quarter were 88 percent higher than the previous year. Many…

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 company has specified…

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 that US…

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 has always stood for higher-quality…

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 a share, compared with a loss of $675.4…

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 in October.  But business research group…

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 last year. Revenue…

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 at the…

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 to affect…

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 reported that comparable sales at stores operating…