Market News
Mastercard, Visa slip after decision to cut controversial fees in EU
Every year, retail merchants witness a sharp increase in the number of electronic transactions during holiday shopping, a trend that…
Massive recall hits over 62,000 Mazda cars in Russia
Mazda has initiated the recall of 62,357 cars sold between May 2006 and November 2014 due to a possible airbag…
Tencent Music might finally launch its IPO on December 12
Concerns over the trade spat between Washington and Beijing, as well as the recent sell-off in the technology industry, kept…
Early data shows the UK spent less on Black Friday
According to Barclaycard — processor of almost half the card transactions in the United Kingdom — the amount spent on…
US asks allies to ditch Huawei over security concerns
The US government is said to have requested lawmakers and telecom companies in allied countries to avoid using equipment from…
Hibbett Sports likely to post weak Q3 earnings
Sporting goods store Hibbett Sports (HIBB) is slated to release its third-quarter earnings on Tuesday before the bell. Analysts have…
Facebook says UK data was not shared; appeals fine in Cambridge Analytica case
The infamous Cambridge Analytica data-breach case took a new turn this week after Facebook (FB) defended the charges leveled by…
Apple supplier Foxconn looks to cut costs and jobs in preparation for tough year
Foxconn Technology Group, the major supplier to Apple Inc. (AAPL), is planning to cut down costs significantly in preparation for…
GameStop (NYSE: GME) to divest its Spring Mobile unit for $700 million
GameStop (GME) to sell its Spring Mobile division for $700 million to the Sugar Land, Texas-based Prime Communications. Spring Mobile…
Data security slip-up casts shadow over Amazon’s holiday sales
The social media was abuzz with messages shared by Amazon (AMZN) customers about the exposure of their personal information on…