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Amazon Challenging Pentagon-Microsoft Contract

Amazon Challenging Pentagon-Microsoft Contract

Amazon.com Inc. (NASDAQ: AMZN) is challenging the awarding of a huge Pentagon cloud computing contract to Microsoft Corp. (NASDAQ: MSFT) in court. The company announced the filing of a notice... 
WeWork Announces Divestment Of “Non-core Businesses”

WeWork Announces Divestment Of “Non-core Businesses”

WeWork has published a detailed plan to divest itself of non-core businesses and implement internal layoffs. The divestitures and layoffs are part of a 90-day plan to turn the company around.... 
Juul Faces Allegations Of Selling Contaminated Pods

Juul Faces Allegations Of Selling Contaminated Pods

E-cigarette company Juul has been sued by its former senior vice president of global finance for wrongful termination after the employee allegedly raised concerns that the company was selling... 
Broadcom Ordered To Stop Exclusivity Deals

Broadcom Ordered To Stop Exclusivity Deals

The European Commission has ordered chipmaker Broadcom Inc. (NASDAQ: AVGO) to stop applying certain exclusivity deals it has with six of its customers. The Brussels-based institution is... 
Toys R Us’ New Website Powered By Target

Toys R Us’ New Website Powered By Target

Target Corp. (NYSE: TGT) and the parent company of the Toys R Us brand, TRU Kids, are partnering to relaunch ToysRUs.com. The newly revamped website is designed to be a resource for parents... 
Rent the Runway Hitting Pause On Business

Rent the Runway Hitting Pause On Business

After suffering major technical difficulties, Rent the Runway is briefly halting acceptance of new subscribers and issuing a delay notice for customers who’ve already subscribed. According... 
McDonald’s Buys New Technology To Improve Ordering

McDonald’s Buys New Technology To Improve Ordering

McDonald’s Corp. (NYSE: MCD) has announced that it has reached an agreement to acquire Apprente, a Silicon Valley-based start-up specializing in conversational voice-based ordering... 
T-Mobile Accused Of Shady Sales Practices

T-Mobile Accused Of Shady Sales Practices

New York City has filed a lawsuit in state Supreme Court in Manhattan alleging T-Mobile used a slew of deceptive business practices against customers, violating the city’s consumer protection... 
Dollar Stores Fined Over Expired Drugs

Dollar Stores Fined Over Expired Drugs

A press release from the New York Attorney General has announced that Dollar General, Dollar Tree, and Family Dollar have all been fined for selling expired products. The fines were levied... 
DoorDash Decides To Change Tipping Policy

DoorDash Decides To Change Tipping Policy

DoorDash is finally changing its controversial tipping policy after a widespread backlash from both the public and DoorDash drivers. Last month, CEO and cofounder Tony Xu announced that... 
Pfizer Inches Closer to New Off-Patent Drug Combination Deal with Mylan

Pfizer Inches Closer to New Off-Patent Drug Combination Deal with Mylan

Drug company Pfizer Inc has announced plans to combine its off-patent business with the Mylan NV line to form a generic drug giant that might have a better outlook in the increasing competitive... 
Record Highs in Tech Stocks Help Lift Market in the Second Quarter

Record Highs in Tech Stocks Help Lift Market in the Second Quarter

The US stock market gained some momentum on Friday on the hopeful economic data.  For the second quarter, the US economy grew more than 2 percent, which is down 100 basis points... 
Amazon Reveals Plan for Standard One-Day Delivery

Amazon Reveals Plan for Standard One-Day Delivery

The race to get/stay ahead in the retail game is heating up and it is largely thanks to the behemoth that Amazon has become.  And much of what Amazon has done to be such a formidable... 
Alphabet’s Wing Aviation Drones Get FAA Approval

Alphabet’s Wing Aviation Drones Get FAA Approval

Google’s parent company, Alphabet has a Wing Aviation division that actually grew from a Google X project. It was designed to be a drone delivery service, but has been waiting for approval... 
Walgreens Stock Suffers Potential Worst Day after the “Most Difficult Quarter” Ever

Walgreens Stock Suffers Potential Worst Day after the “Most Difficult Quarter” Ever

Shares of Walgreens Boots Alliance Inc plummeted 12 percent on Tuesday, leading to what might be the lowest close for the company since 2014.  The dismal numbers came after the... 
Centene To Buy Rival WellCare in Deal Worth More than $17B

Centene To Buy Rival WellCare in Deal Worth More than $17B

Centene Corporation announced its plan to buy its smaller rival WellCare Health Plans Inc for a reported $15.27 billion.  The Clayton-based health insurance giant said this cash-and-stock... 
Wall Street Bonuses Slide, But Still Outpace Average American Salary

Wall Street Bonuses Slide, But Still Outpace Average American Salary

Here is some good news for the everyday American: Wall Street bonuses are down 17 percent. On the other hand, that only means that the average Wall Street bonus, in 2018, was $153,700;... 
Bayer Stock Plunges On Roundup Cancer Ruling

Bayer Stock Plunges On Roundup Cancer Ruling

Shares of Bayer Inc plummeted about 12 percent in morning trading, on Wednesday, after a San Francisco jury determined that one of its products caused cancer, in favor of the plaintiff,... 
Boeing Drags Otherwise Strong Dow Index Last Week

Boeing Drags Otherwise Strong Dow Index Last Week

The Dow Jones Industrial average took a bit of a hit early this week, largely on the heels of yet another sharp sell-off of Boeing shares.  Fortunately, strong, low-volume showings... 
MoviePass Is Ready For a Comeback; but Are Consumers Ready for MoviePass?

MoviePass Is Ready For a Comeback; but Are Consumers Ready for MoviePass?

MoviePass was a great idea; it was also a noble effort; and a tragic disaster.  Offering consumers the ability to see unlimited movies every month, for a simple—and practical—monthly... 
Key 2,800-Level Threshold In S&P 500 Leads to Strong Market Gains

Key 2,800-Level Threshold In S&P 500 Leads to Strong Market Gains

The first couple of days of March saw a nice surprise from the stock market, helping to boost stocks to the best start to a year in almost thirty years.  The Standard & Poors... 
Novavax Shares Tank On Second Phase III RSV Vaccine Study Failure

Novavax Shares Tank On Second Phase III RSV Vaccine Study Failure

Novavax stock plummeted 65 percent in pre-market activity late this week, now trading hands at just north of $2 per share.  The tank is definitely the result of investors losing... 
AT&T and Time Warner Finally Allowed to Merge

AT&T and Time Warner Finally Allowed to Merge

An appellate court has turned down a bid from the United States Department of Justice to overturn a ruling that had opened the door to AT&T acquiring Time Warner.  The US Court... 
JC Penney To Close Stores In Recovery Efforts

JC Penney To Close Stores In Recovery Efforts

Retailers have had a tough go the past few years, particularly the older brick-and-mortar stores that have only really known one way to do business and have had trouble transitioning into... 
SoftBank Leads $1B Investment Round in Logistics Software Startup Flexport

SoftBank Leads $1B Investment Round in Logistics Software Startup Flexport

Full-service air and ocean freight forwarding startup Flexport is off the block running this week, announcing $1 billion in fresh funding led by SoftBank’s Vision Fund.  It should... 
Merck Drug Found To Improve Survival Rate for Aggressive Brain Cancer Patients

Merck Drug Found To Improve Survival Rate for Aggressive Brain Cancer Patients

It was not that long ago that US Senator John McCain died from an aggressive form of brain cancer, but we are already learning so much more about the condition. In fact, patients who are... 
Apple May Reward Teen Who Found FaceTime Snooping Bug

Apple May Reward Teen Who Found FaceTime Snooping Bug

Grant Thompson, a 14-year old from Tucson, Arizona, was instrumental in detecting a snooping bug in Apple’s Group FaceTime app around mid- January 2019. Grant found the privacy glitch... 
Tesla Signals Shift to Ultracapacitor Battery Future With Maxwell Technologies Acquisition

Tesla Signals Shift to Ultracapacitor Battery Future With Maxwell Technologies Acquisition

Early this week consumer electronics company Panasonic Corporation reported shares have fallen nearly 6.5 percent after a significant drop in quarter earnings.  Shifting much of... 
Slack Goes Public, But Files Confidentially

Slack Goes Public, But Files Confidentially

One of the hottest IPOS of the year has finally announced it confidentially filed to go public with the United States Securities and Exchange Commission.  This company sells an... 
Ford and Volkswagen Form New Partnership

Ford and Volkswagen Form New Partnership

Ford Motor Company and Volkswagen Group have recently combined to form a global alliance with a plan to start making pickup trucks. Early this week, the automakers announced they will... 
US Health Care Industry Spends $30B Per Year on Marketing

US Health Care Industry Spends $30B Per Year on Marketing

The US health care market is valued at roughly $3.5 trillion so it is no wonder companies are always looking to develop the next big product. These products, of course, tend to come in the... 
What is Microsoft’s “Project Bali”?

What is Microsoft’s “Project Bali”?

Data security and privacy protections continues to be a major topic of discussion, these days, thanks to more of our lives moving to an online space.  As we continue to grow in... 
Bristol-Myers Squibb Poised for $74 Billion Takeover of Celgene

Bristol-Myers Squibb Poised for $74 Billion Takeover of Celgene

On Thursday, drug maker Bristol-Myers Squibb announced its plan to buy competitor Celgene in a billion-dollar deal. If they succeed, it will be one of the biggest mergers in the history... 
Farm Bill Makes Hemp Cash Crop but FDA Still Says CBD Is Illegal

Farm Bill Makes Hemp Cash Crop but FDA Still Says CBD Is Illegal

Last week, US President Donald Trump signed a new—and quite large—farm bill that designates hemp as an agricultural cash crop. This will provide hemp (and legal cannabis) farmers benefits... 
Uber Files IPO In Race With Lyft To Be the First on Wall Street

Uber Files IPO In Race With Lyft To Be the First on Wall Street

In a rather quiet move, Uber Technologies filed controversial paperwork for an initial public offering (IPO), according to a few people with intimate knowledge of the company’s prospects. ... 
Trump Proposes Non-Essential Packaging Postal Rate Hike To Save Struggling Postal Service

Trump Proposes Non-Essential Packaging Postal Rate Hike To Save Struggling Postal Service

US President Donald Trump formed a task force that is now scrutinizing US Postal Service operations, with proposals to overhaul the agency in order to restore some fiscal balance. The Postal... 
Microsoft and Apple Now Vying For Title of World’s Most Valuable Company

Microsoft and Apple Now Vying For Title of World’s Most Valuable Company

For the first time in eight years, Microsoft reclaimed its top stop from Apple as the most valuable company in the world, at $812.93 billion over Apple’s $812.60 billion.  The power shift... 
Employees Demand Google To Kill Secret Chinese Surveillance Search Engine Project

Employees Demand Google To Kill Secret Chinese Surveillance Search Engine Project

Published on Tuesday morning, Google workers released a letter calling for the higher-ups to cancel a product simply known as Dragonfly. Dragonfly is a censored search app for the Chinese internet... 
Toys ‘R’ Us Owners to Disperse $20 Million In Severance To Employees

Toys ‘R’ Us Owners to Disperse $20 Million In Severance To Employees

A few months ago, Toys R Us announced money troubles which could mean leaving employees without jobs. And since that announcement, those workers have been campaigning for some severance. It turns... 
Quarterly Dividend at General Electric Slashed to a Penny

Quarterly Dividend at General Electric Slashed to a Penny

General Electric has dramatically reduced its quarterly dividend to one penny per share beginning in 2019, the second cut in the dividend in the last year and a big move by new CEO and Chairman... 
Microsoft Leapfrogs Amazon as the Second Most Valuable Company in the U.S.

Microsoft Leapfrogs Amazon as the Second Most Valuable Company in the U.S.

Microsoft Corp. took back its position as the second most valuable company based in the U.S. on Friday after a disappointing earnings report for the quarter by Amazon wiped off $65 billion from... 
Ford Makes China Business Stand-Alone

Ford Makes China Business Stand-Alone

Ford, the U.S. automaker, said on Wednesday that it was separating its unit in China from its broader Asia Pacific operation to form a stand-alone unit that is an attempt to speed up profitable... 
Kmart Is in Worse Shape Than Sears

Kmart Is in Worse Shape Than Sears

While Sears will have a difficult time surviving bankruptcy, Kmart is facing odds that are even worse. Heavy competition from Amazon and others have created big problems for many traditional... 
PayPal Shares Surge Following Beat on Earnings and Venmo Growth

PayPal Shares Surge Following Beat on Earnings and Venmo Growth

On Thursday, PayPal posted revenue and earnings for the third quarter that topped estimates on Wall Street, with an increase in payment volume for Venmo its payment app that is peer-to-peer. Revenue... 
Netflix Soars Past Expectations on Earnings

Netflix Soars Past Expectations on Earnings

On Tuesday, Netflix shares surged by up to 15% after the video streaming service posted earnings that easily beat estimates in its most recent quarterly reports. Key numbers in the earnings report... 
Retail Sales in U.S. Rise, Strong Consumer Spending

Retail Sales in U.S. Rise, Strong Consumer Spending

Retail sales in the U.S. rose barely during September as a bounce in purchases of motor vehicles was offset by the largest drop in spending at bars and restaurants in close to two years. However,... 
Mortgage Rates at Seven-Year High

Mortgage Rates at Seven-Year High

Mortgage rates have now topped the 5% mark, said the Mortgage Bankers Association this week with the average 30-year fixed home mortgage hitting 5.05%, which is the highest rate since February... 
Google Ends Bid for Huge Pentagon Contract Following Protests by Employees

Google Ends Bid for Huge Pentagon Contract Following Protests by Employees

Google has ended its bid for a Pentagon contract of $10 billion for a cloud computing project, it announced on Monday. The change of plans comes after employees at Google protested and some resigned... 
Uber and Lyft to Offer Voters Rides to Cast Ballots During Midterm Elections

Uber and Lyft to Offer Voters Rides to Cast Ballots During Midterm Elections

Ride-hailing giant Uber will do its share in helping get voter to polling stations during the upcoming midterm elections. The company announced on Thursday it will offer free rides to voters... 
Pot Stocks Soar After CBD-Based Drug Nears Commercial Launch

Pot Stocks Soar After CBD-Based Drug Nears Commercial Launch

Marijuana shares surged higher on Thursday after the Drug Enforcement Administration gave a classification of a cannabidiol-based drug in its least restrictive category, which has set the stage...