Mattress Firm Files for Bankruptcy; Good Move?
Mattress Firm Inc. (Private) is preparing to file for bankruptcy protection as early as this week, Reuters reported this morning. Mattress Firm in Trouble The largest US mattress retailer currently holds 3,000 brick-and-mortar locations across ... [Read]
President Trump Just Abolished NAFTA. Here’s What’s in Store for the Three Countries
The North American Free Trade Agreement (NAFTA) has been completely abolished, and the new agreement was finalized in the nick of time on Sunday. “It’s not Nafta redone, it’s a brand-new deal,” President Trump said ... [Read]
Tesla Met its Q3 Model 3 Production Goal Despite Chaos Surrounding Elon Musk
Tesla Inc. (NASDAQ:TSLA) has been in the news consistently for the past year, as chaos has surrounded its CEO, Elon Musk. Interest in Tesla spiked when the Model 3 was unveiled in July of 2017. ... [Read]
Tesla Shares Plunge After SEC Announces it is Going After Elon Musk for Fraud
Tesla Inc. (NASDAQ:TSLA) shares have plummeted on the market this morning after the Securities and Exchange Commission (SEC) officially announced that it is charging Tesla’s CEO, Elon Musk, with fraud. Guilty? On August 7th, Elon ... [Read]
Carnival Corp Released Q3 Revenue and Its Stock Drops Nearly 10%
Carnival Corporation (NYSE:CCL), the leading leisure travel and cruise company, has announced its third-quarter revenue and debuted its fourth-quarter profit estimates—causing its shares to decline. But why would the Carnival Q3 earnings announcement cause this? Carnival Q3 ... [Read]
Michael Kors Set to Buy Versace for $2.2 Billion and Change Its Name
Michael Kors Holdings Ltd (NYSE:KORS) just confirmed that it is going to buy the Italian luxury brand Versace. On Monday, rumors spread that Michael Kors was planning the acquisition but today, it was officially confirmed ... [Read]
Instagram Co-Founders Stepping Down Due to Trouble with Facebook
Instagram Co-Founders Kevin Systrom and Mike Krieger have formally announced their resignation from their company. The pair’s resignations were posted on Instagram’s official info center yesterday but was reported by the New York Times shortly beforehand. ... [Read]
UberEats Couriers Fight Back Over Higher Fees
UberEats couriers are continuing to strike over pay, Tech Crunch reported this morning. UberEats was started by Uber (private), the ride-hailing company founded in San Francisco. Groups of UberEats carriers within the UK have recently ... [Read]
Canadian Cannabis Company Tilray had a Wild Week on the Market
On July 19th, Tilray, Inc (NASDAQ:TLRY) held its IPO and opened at $17 a share. Now, the stock is trading over $120 a share. The Canadian cannabis company is based out of Nanaimo, British Columbia and ... [Read]
Jack Ma Interview: Alibaba Won’t Be Expanding into the US due to Tariffs
Jack Ma, Alibaba’s Founder and Executive Chairman, states that his company can no longer meet its promise to create one million jobs within the United States, Chinese news agency Xinhua reported yesterday. In the Jack ... [Read]