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UPS Announces New Partnerships Aimed To Add Electric Fleet and Drone Delivery

UPS Announces New Partnerships Aimed To Add Electric Fleet and Drone Delivery

It has been quite a few years since UPS started hinting a transition—at least, in part—towards an electric, autonomous fleet of delivery vehicles (or drones).  It appears the delivery giant has finally taken a few... 
Gold Soars As Tensions Brew in the Middle East

Gold Soars As Tensions Brew in the Middle East

The price of commodity metal gold made a major advance on Monday—to start off the year—climbing to its highest value in nearly seven years, as investors fled from riskier assets over rising tensions between the United States... 
FedEx Shares Dive On Missed Earnings and Lower Guidance for 2020

FedEx Shares Dive On Missed Earnings and Lower Guidance for 2020

It has been a tough year for FedEx.  Shares tanked almost 7 percent in extended trading on Tuesday this week, after the shipping giant lowered its guidance for the rest of its year on weaker-than-expected second quarter... 
US Manufacturing Slumps for Fourth Straight Month

US Manufacturing Slumps for Fourth Straight Month

Factory activity in the United States has contracted for the fourth consecutive month as new orders for November slipped to their lowest level since 2012.  Coupled with a slump in construction spending last month, economic... 
Target Saves Money on Same-Day Pickup As Sales—and Earnings—Soar To New Heights

Target Saves Money on Same-Day Pickup As Sales—and Earnings—Soar To New Heights

Business is booming at Target. On Wednesday, the big-box retailer released its third-quarter report, which noted that digital sales are up more than 30 percent.  And 80 percent of that growth was driven by same-day delivery service,... 
China’s Alibaba breaks ‘Singles Day’ record in sales going over $30 Billion

China’s Alibaba breaks ‘Singles Day’ record in sales going over $30 Billion

The world’s largest 24-our shopping event happens every Nov. 11, referred to as ‘Singles Day’ which begins at midnight in Singapore and Hong Kong and so far is surpassing last year’s record of 213.5 billion yuan... 
More US Retailers Than Ever To Participate in Alibaba Singles’ Day Event

More US Retailers Than Ever To Participate in Alibaba Singles’ Day Event

In a recent interview, Alibaba president of Taobao and Tmall businesses, Jiang Fan, said, “Think of 11.11 as the Super Bowl for brands. It’s an opportunity to pull out all the stops to wow Chinese consumers.”   The... 
Standard & Poors Reaches New High on Earnings and Trade Optimism

Standard & Poors Reaches New High on Earnings and Trade Optimism

The Standard & Poors 500 Index touched on a record high on Monday, as the US-China trade relationship begins to strengthen.   Specifically, the S&P rose 0.6 percent to close at 3,039.42, barely beating the... 
Samsung’s new Galaxy smartphone is radical and will be launched in 2020

Samsung’s new Galaxy smartphone is radical and will be launched in 2020

What a week for Samsung. it hasn’t been good. It started with the major detail leaks on the Galaxy S11 followed by the embarrassing security screw up on the Galaxy S10 and the Note 10. Now, apparently another reason has come... 
Mortgage Rates Drop Ahead of Fed Policy Meeting

Mortgage Rates Drop Ahead of Fed Policy Meeting

Since the Federal Reserve cut interest rates in July, consumer borrowing costs have slowly declined and that has helped to buoy mortgage refinancing which has, in turn, helped to boost household spending even at a time when economic... 
Amazon to Double Chicago Workforce

Amazon to Double Chicago Workforce

Early in the week, Amazon announced its plan to double its existing workforce at its Chicago Tech Hub. This push would add another 400 jobs in sectors like business development, cloud computing, and advertising.  Located... 
JCPenney Hopes New Outdoor Apparel Line Help Boost Sales

JCPenney Hopes New Outdoor Apparel Line Help Boost Sales

Shares of JCPenney took a leap of faith on Tuesday, jumping nearly 20 percent following the retailers announcement of plans to add a new apparel category for men. The announcement also made mention of the launch of a new... 
Big Banks Face Forex-Rigging Case in UK Class Action Suit

Big Banks Face Forex-Rigging Case in UK Class Action Suit

Five major banks, including JPMorgan Chase & Co and UBS Group AG, are facing criminal allegations of foreign exchange rigging in a new class action lawsuit worth more than one billion pounds.  That is the equivalent... 
Nissan Announces Dire Plan to Cut 12,500 as Profit Plunges 98 Percent

Nissan Announces Dire Plan to Cut 12,500 as Profit Plunges 98 Percent

Automaker Nissan has recently announced a plan to cut about 12,500 jobs—nearly 10 percent of the company’s global workforce—as a means to cut costs to support a turnaround effort at a time when profits are tumbling. According... 
US Levels Drop to Near 3-Year Low Manufacturing

US Levels Drop to Near 3-Year Low Manufacturing

Manufacturing activity in the United States fell last month, dropping to its lowest level in almost three years, even lower than the pace that started the most recent presidential term.  This signals that the world’s... 
Oracle Stock Is Sky High From Better-Than-Expected Earnings Per Share

Oracle Stock Is Sky High From Better-Than-Expected Earnings Per Share

Shares of database software giant Oracle took a leap forward this week after the firm released an earnings report indicating better-than-expected gains in its transition to cloud computing.  The company reported fiscal... 
United Auto Workers Lose Second Union Vote in Tennessee VW Plant

United Auto Workers Lose Second Union Vote in Tennessee VW Plant

Workers at the only Volkswagen factory in the United States eked out a win this week by shutting down the most recent effort of the United Auto Workers to organize.  Late on Friday, hourly employees at the Chattanooga,... 
Google Announces $2.6 Million Buy of Cloud Company Looker

Google Announces $2.6 Million Buy of Cloud Company Looker

Tech innovator Google has revealed, this week, a plan to acquire data analytics company Looker in a deal worth $2.6 billion in cash.  It will be the first big move for Google’s new cloud chief, former Oracle executive... 
Proposed merger between Fiat Chrysler and Renault will make it the third largest automaker in the world

Proposed merger between Fiat Chrysler and Renault will make it the third largest automaker in the world

In the race to build electric vehicles and self-driving autos, Fiat Chrysler has proposed a merger with French automaker Renault which will make the new entity the third largest automaker world-wide. With the merger, some 8.7... 
Major chipmakers and Google cut off supplies and services to Huawei

Major chipmakers and Google cut off supplies and services to Huawei

The continuing trade war between the US and China with the Trump administration’s blacklisting Huawei is having an impact and the Chinese leading technology company may not reach its goal of surpassing Samsung as the top... 
Hudson Media Buys National Enquirer Tabloid Brand for $100 Million

Hudson Media Buys National Enquirer Tabloid Brand for $100 Million

For decades, the National Enquirer has been synonymous with salacious tabloid scandals, giving the people exactly what they wanted; at least, if the periodical’s popularity means anything significant. In fact, both the... 
Samsung May Also Supply Apply with 5G Modems

Samsung May Also Supply Apply with 5G Modems

After two years of escalating litigations, a settlement was announced between Apple and Qualcomm, the mobile chip manufacturer giant, last week.  It also brings Qualcomm back as Apple’s supplier once again for baseband... 
Instagram Replacing Word of Mouth For Small Buiness?​

Instagram Replacing Word of Mouth For Small Buiness?​

You know the saying, “Word of mouth is the best way to spread the word – and  great advertising.”  Well, some small businesses have found out that another means of ‘word-of-mouth’ advertising... 
Sales Drop and Shares Slide By General Motors Still Having a Good Year

Sales Drop and Shares Slide By General Motors Still Having a Good Year

Shares of the motor vehicle company General Motors teetered on Tuesday, on the heels of a report that showed a decline in vehicles deliveries for the first quarter of 2019.   The stock took a small hit to slide... 
OPEC Keeps Production Steady Despite Trump’s Call For Increases to Lower Prices

OPEC Keeps Production Steady Despite Trump’s Call For Increases to Lower Prices

On Thursday, President Trump called upon the OPEC cartel to increase oil output, warning the organization that oil prices are getting to be too high.  And he did this just ahead of the organizations June meeting, where... 
GM Announces New EV Plant, Jobs, in Michigan

GM Announces New EV Plant, Jobs, in Michigan

It has been hardly a week since General Motors closed its Ohio plant—to great critical response. Fortunately, the carmaker has already announced a plan to add 400 new jobs through the construction of a new electric vehicle factory.  Of... 
Tyson Recalls 35 tons of Frozen Chicken over “Metal” Contamination Concerns

Tyson Recalls 35 tons of Frozen Chicken over “Metal” Contamination Concerns

To close out this week, Tyson Foods has announced the recall of its chicken strip products over concerns they may contain metal.   Federal food safety officials said the recall affects more than 69,000 pounds of frozen,... 
Warner CEO Kevin Tsujihara Announces He Will Step Down

Warner CEO Kevin Tsujihara Announces He Will Step Down

Warner Bros Entertainment Chairman and CEO Kevin Tsujihara has made it known, this week, his plan to vacate his position.  This would end a tenure of roughly 25 years with the company, with 6 years in charge of the film... 
Netflix will NOT Be Joining Apple TV Service

Netflix will NOT Be Joining Apple TV Service

Apple has been hinting at the unveiling of its new video strategy, but next week we will get a better look at it.  Indeed, there is still a lot we don’t know about the service; but we do know that Netflix is not going... 
Saudi Arabia Suggests OPEC May Extend Oil Cuts Through the Summer

Saudi Arabia Suggests OPEC May Extend Oil Cuts Through the Summer

With continued rise in global oil inventories, Saudi Arabia says that OPEC must retain responsibility for rebalancing the oil market.  This is partly due to major US sanctions recently placed on Iran and Venezuela, which... 
Kroger Adds A Second Store Brand to Visa Credit Card Ban

Kroger Adds A Second Store Brand to Visa Credit Card Ban

Grocery company Kroger has banned Visa credit cards at two of its store brands in seven states in an effort to save on fees the credit card company charges to process their card payments.  According to Kroger, what started... 
Online Grocery Sales Pull Walmart Out of Pre-Holiday

Online Grocery Sales Pull Walmart Out of Pre-Holiday

Mega retailer Walmart reported, on Tuesday, that earnings and revenue for this past holiday quarter topped analyst expectations, supported mostly on a 43 percent boost to e-commerce sales.  And, more specifically, this... 
Payless ShoeSource Is Going Out of Business

Payless ShoeSource Is Going Out of Business

Payless ShoeSource opened its first store in 1956. The company was the brainchild of a pair of cousins, Louis and Shaol Lee Pozez, who wanted to fill a gap in the retail market for affordable footwear.  The concept... 
January Ended with the Most Weekly Initial Jobless Claims Since September 2017

January Ended with the Most Weekly Initial Jobless Claims Since September 2017

The United States Department of Labor released the latest report that shows things are not looking good if you are looking for a job. Apparently initial claims for state unemployment benefits—so first-time applicants—jumped... 
Investors Love the New Netflix Price Increase But Will Subscribers?

Investors Love the New Netflix Price Increase But Will Subscribers?

Crisis in the stock market Streaming media platform Netflix has recently announced they are, once again, raising prices for US customers.  The price increase will reflect all membership rates, increasing prices between... 
Can Sears Chairman Eddie Lampert’s Last Push Save The Company?

Can Sears Chairman Eddie Lampert’s Last Push Save The Company?

Sears has had a bit of a torrential time the past few months in terms of its bankruptcy proceedings, and it looks like maybe the end is nowhere in sight.  This time, though, the company has caught a break. A bankruptcy... 
US Durable Goods Orders Miss Analyst Expectations

US Durable Goods Orders Miss Analyst Expectations

November orders for durable goods accentuate investment in business equipment has slowed in the fourth quarter.  Although orders did rise in November—by 0.8 percent—it comes after a much sharper decline of 4.3 percent in October. ... 
GM Closes Down Plants But Opens Jobs for Workers At Other Facilities

GM Closes Down Plants But Opens Jobs for Workers At Other Facilities

It was only last week that General Motors announced the closure of five car factories across the United States and Canada. More importantly, this announcement means that roughly 14,000 people would be losing their jobs, and at a time... 
Dow Takes A Major Dive on Weak China Data

Dow Takes A Major Dive on Weak China Data

US stock futures have fallen for the second consecutive day on the heels of shifting trade relations between the United States and China.  Without improvements in this relationship, investors feel little confidence in equities at... 
Dow Remains Choppy After Massive Plunge

Dow Remains Choppy After Massive Plunge

  Computer keyboard with two business keys – e-commerce concept Things might be looking up in the US stock market or not as stocks closed a little higher despite a major dip early in the day. Indeed, perhaps only a few minutes... 
10,400 Verizon Employees Accept Voluntary Buyout Offers

10,400 Verizon Employees Accept Voluntary Buyout Offers

At the beginning of the week telecom company, Verizon announced that 10,400 employees have chosen to take buyouts that the company has offered.  This equates to roughly 7 percent of the firm’s global workforce and is part of an... 
Microsoft Overtakes Apple With the Biggest Market Value

Microsoft Overtakes Apple With the Biggest Market Value

It is an important weekend in the computing world as Microsoft has claimed the title of Most Valuable Company, on Friday, stealing the top spot from direct competitor Apple Inc.  Microsoft ended the week—at market close—with a... 
FDA Reports Teva Pharmaceuticals Announces Voluntary Nationwide Recall Two Combination Drug Blood Pressure Medications Over Potential Cancer Risks

FDA Reports Teva Pharmaceuticals Announces Voluntary Nationwide Recall Two Combination Drug Blood Pressure Medications Over Potential Cancer Risks

The United States Food and Drug Administration posted, this week, a statement from Teva Pharmaceuticals USA regarding a voluntary recall into two high blood pressure drugs over increased concern of a possible cancer risk.  In the... 
 Marriott Hotels Reveals Starwood Guest Data Breach

 Marriott Hotels Reveals Starwood Guest Data Breach

Towards the end of this week, Marriott International revealed that the information of approximately 500 million guests could have been compromised as part of a Starwood guest reservation database breach. This is potentially among...