Stock Markets
Amazon is expanding its streaming video service
Amazon is on the verge of a massive global rollout of its streaming video service, taking direct aim at rival Netflix (NASDAQ:NFLX). While Prime Video is currently only available in the U.S., U.K., Germany, Austria […]
Volkswagen will cut 30,000 jobs
Faced with the biggest crisis in its history, Volkswagen (OTCPK:VLKAY) and its labor unions have agreed to a turnaround plan that will boost profitability and fund a post-Dieselgate shift to electric and self-driving cars. The […]
Global bond sales rise to record highs
Global debt sales surged to more than $6 trillion this week as companies look to secure financing before interest rates increase resulting from the incoming US government’s anticipated stimulus measures. Financial Times (tiered subscription model) […]
Russia Attacks LinkedIn, Threatens Facebook And Twitter
Russia banned LinkedIn (NYSE:LNKD) because it does not store users’ data on Russian-based servers. They also threatened both Facebook (NASDAQ:FB) and Twitter (NYSE:TWTR) with potential bans. According to LinkedIn: LinkedIn’s vision is to create economic […]
JPMorgan to pay $264M over China hiring allegations
JPMorgan Chase has agreed to pay nearly $264 million in fines to settle allegations that it hired the relatives of Chinese officials in order to secure banking deals. The Securities and Exchange Commission will receive […]
Warren Buffett has taken an unexpected stake in four major U.S. airlines
Warren Buffett has taken an unexpected stake in four major U.S. airlines. According to regulatory filings, his holding company Berkshire Hathaway (BRK.A, BRK.B) invested $1.2 billion in American Airlines (NASDAQ:AAL), Delta (NYSE:DAL), United Continental (NYSE:UAL) […]
Nasdaq appoints Friedman as next CEO
Adena Friedman will become CEO of Nasdaq on Jan. 1, while CEO Robert Greifeld will ascend to chairman. Friedman, who has worked for Nasdaq for more than 20 years, will be the first woman to […]
Google CEO to meet with European Commission in Brussels
Sundar Pichai (GOOG, GOOGL) and Margrethe Vestager, the agency’s competition commissioner, will meet on Friday. Guenther Oettinger, the European Commissioner for Digital Economy and Society, will also be in attendance. Pichai had formerly met with both earlier in […]