Market News
Elon Musk delivers a slap on the face of Tesla short-sellers
You know why Elon Musk has many fans? Because he delivers an iron punch every single time. After drawing the…
Slack rules out IPO this year despite 8 million daily users
Workplace collaboration platform Slack has had a remarkable growth since its launch in 2014. Within a short span of time,…
Walmart shares plunge after announcing mammoth deal with India’s Flipkart
Supermarket veteran Walmart started its full-scale invasion into the cutthroat Indian e-commerce market, as it announced buying a majority stock…
Takeda finally acquires Shire in a $62 billion deal
Perseverance finally paid off. After four snubs, Japan’s pharma company Takeda succeeded in notching the biggest deal ever in the…
Monster Beverage posts downbeat earnings and revenue in first quarter
Monster Beverage Corporation (MNST) reported a 14.7% increase in net sales to $850.9 million for the first quarter of 2018…
Disney posts upbeat Q2 results
Entertainment company Walt Disney (DIS) reported a 23% jump in earnings for the second quarter, helped by double-digit revenue growth…
‘Racist’ brands get a market beat-down, among other things
Racial profiling and incidents fueled by hate are back in the news. In the latest of incidents, Nordstrom Rack, owned…
Economy close to full employment as job vacancies hit record high
The economy is passing through a phase that is uniquely favorable for the employment market, with the highlights being record…
Top analyst drops a bombshell, predicts Microsoft will buy Netflix
A media analyst with over four decades of experience just dropped a bombshell today. In an interview with CNBC, Porter…