Market Movers: OPEC, Russia To Extend Oil Supply Cuts
The Economy OPEC, Russia Agree To Extend Oil Supply Cuts The OPEC and non-OPEC producers led by Russia have agreed to extend oil output cuts through 2018. The current deal to reduce oil supply by ... [Read]
Allegeint Breaks 200 Day Average, Up 6%
In Tuesday’s trades, Allegiant Travel Company (NASDAQ:ALGT) ‘s shares sailed above their 200 day average of $141.98, trading as high as $143.30 per share. At press-time, Allegiant Travel Company shares are trading up 6% on ... [Read]
Groupon Finally Fills Role of COO
Groupon’s (NASDAQ:GRPN) COO position has been vacant for two years, but it looks like they’ve finally found someone to fill the position. Steve Krenzer has been appointed to the role of Chief Operating Officer. In ... [Read]
Comcast Struggles to Maintain its Cable Subscribers
Throughout its third quarter, Comcast (NASDAQ:CMCSA) has continued to lose video customers, at an even greater rate than its equivalent period in 2016. Comcast saw a loss of 125,000 subscribers in its third quarter this ... [Read]
Netflix Has Made Deal to Distribute Popular Chinese-Owned Detective Drama
Netflix (NASDAQ:NFLX) may have finally found its ‘in’ to the Chinese video streaming market. The streaming company has reached a deal with Youku, owned by the China internet giant Alibaba (NYSE:BABA), to distribute the extremely ... [Read]
Market Movers: Nasdaq Slumps On Tech Stock Selloff
The Economy OPEC, Russia Set To Extend Oil Supply Cuts The OPEC and Russia are set to extend the oil supply cuts of 1.8 million barrels per day until the end of 2018 but may ... [Read]
Tesla Disputes Reports of Car Defects
Tesla (NASDAQ:TSLA) has been fighting with reports of defects in its Model S and X autos, saying they’re not as big a deal as people are making them out to be. According to unnamed employees ... [Read]
Is Apple Looking to Get into the AR Market?
Apple (NASDAQ:AAPL) recently acquired startup Vrvana, which specializes in AR (augmented reality) headsets. This has led to speculation about how far Apple is looking to get into the AR market. Before this acquisition was announced, ... [Read]
Amazon Responds to Competition By Adopting Open-Source Cloud Technology
Amazon (NASDAQ:AMZN) has begun using Kubernetes, a popular open-source technology, in response to increased competition in the cloud computing business. Amazon Web Services has long dominated the cloud computing business, but things are heating up ... [Read]
General Motors Gains Insights in Electric Vehicle Revolution
General Motors (NYSE:GM) has boosted its place in the electric vehicles market by deploying 250 Chevrolet Bolts for its Maven ride-sharing service in order to gain insights into charging-infrastructure needs. Beyond gathering such insights, GM’s ... [Read]