Here’s your quick bite-sized news roundup so that you start your morning a little more fresh…
General Motors Co announced plans to close one of its four plants in South Korea, Asia’s fourth-biggest economy. The automaker will incur an $850-million impairment charge with the restructuring.
While Wall Street recovered over last night, European shares fell on Tuesday morning due to major indices slipping on unsatisfactory results.
International Energy Agency (IEA) hinted that the US-led global oil production might outpace oil demand in 2018. According to the agency’s monthly update, demand for oil jumped at a rate of 1.6 million bpd last year.
In an ironic turn of events, Remington Outdoor Co announced its plan to file for bankruptcy protection, with its topline hit like all firearm brands since the Trump administration took over.
Jeff Lucas, the sales head of Snap Inc is leaving the social-media giant. This is the third major head to move out of Snap in the last 6 months, after its product head in January and engineering head in November.
PayPal Holdings Inc. (NASDAQ: PYPL) reported stronger-than-expected earnings and revenues for the first quarter of 2021. Shares of the payment service provider gained during Wednesday’s extended trading session soon after
Twilio (NYSE: TWLO) reported first quarter 2021 earnings results today. Revenue increased 62% year-over-year to $590 million. GAAP net loss widened to $206 million, or $1.24 per share, compared to
Uber Technologies (NYSE: UBER) reported first-quarter 2021 financial results after the regular market hours on Wednesday. The ride-hailing company reported Q1 revenue excluding the UK accrual of $3.5 billion, up