Market News
GDPR is a shadow monster that can hunt down US firms
The deadline for companies having operations in the European Union (EU) to comply with the General Data Protection Regulation (GDPR)…
Visa strengthens hold in the Caribbean as YellowPepper receives $12.5-million funding
Latin American fintech firm YellowPepper, which provides mobile payments solutions in the region and the Caribbean, received an addition funding…
German automobile shares tank on US tariff fears
Brace yourselves, for your dream of that German supercar just got dearer. The shares of German autogiants Daimler, BMW, and…
Best Buy stock slips on weak guidance, despite upbeat earnings
Best Buy’s (BBY) first-quarter earnings got a boost from broad-based revenue growth, aided by positive comparable store sales across all…
L Brands reports 8% jump in revenue; stock slips on weak guidance
The Columbus-based retailer L Brands (LB) reported a 7.7% increase in net sales, while earnings plunged almost 50% year-over-year to…
Will Comcast win the bidding battle against Disney and grab Fox’s assets?
Comcast (CMCSA) is engaging in a bidding war with Walt Disney (DIS) by proposing a higher, all-cash superior offer for…
Deutsche Bank looking to cut around 10,000 jobs
Deutsche Bank (DB) is planning to cut nearly 10,000 jobs as part of its efforts to reduce expenses. The job…
Apple may launch three iPhones with 7nm chip this year
Apple’s (AAPL) upcoming iPhone models this year would have an A12 chip with 7-nanometer design instead of the current 10-nanometer…
Many Americans unable to afford emergency expenses: Fed report
The Federal Reserve’s Report on the Economic Wellbeing of US Households in 2017 reveals that around 40% of Americans would…