Market News
Softbank pours another $3 billion into WeWork
New York-based WeWork said it will receive $3 billion in funding, in yet another investment from its already biggest financier…
Vodafone rises on cost-cutting steps and unchanged dividend despite posting a loss
British telecom major Vodafone Group (Nasdaq: VOD, LSE: VOD.L) reported a loss of EUR7.8 billion for the six months ended…
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…
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…