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Market News

Setback for Walmart as CEO of Flipkart quits over “personal misconduct”

In a major setback to Walmart’s (WMT) Indian operations, the CEO of its recently purchased unit Flipkart has stepped down…

With iPhone hype reaching its peak, Apple needs a reality check

The changing order trends at Apple’s (AAPL) component suppliers often trigger speculations about the health of the tech giant’s product…

Cronos reports loss in 3Q despite strong revenue growth

Cannabis producer Cronos Group (CRON) revenues jumped 186% to CAD3.76 million for the third quarter 2018, aided by strong sales…

SurveyMonkey to report its first-ever earnings results as a public company

Just after a day Qualtrics, a survey software firm, got acquired by SAP SE (SAP) in an $8 billion deal,…

Snap content head quits amid turnaround efforts

A lot has been happening at Snap (SNAP) these days, at a time when the social media app is struggling…

SoftBank plans IPO for Japanese mobile unit

SoftBank Group Corp. is planning to raise over $20 billion through the IPO of its Japanese mobile division. The company…

Tech sector: FAANG stocks might take more time to recover

FAANG stocks (Facebook, Apple, Amazon, Netflix, and Google) have always gotten more attention than they deserve. Investors have continuously raised…

SAP swoops up Qualtrics for $8 billion right before IPO

German-based software company SAP SE (SAP) agreed to acquire Qualtrics for $8 billion in an all-cash deal, which is expected…

Volkswagen looks to produce 50 million electric vehicles

Volkswagen has been at the center of controversy in the recent years, especially since the emissions scandal broke. But now,…

Companies reporting earnings this week: Nov 12 – 16

A slew of major companies are reporting earnings this week. Home improvement retailer Home Depot (HD) will announce third-quarter earnings…