Amazon Reportedly Considering the Purchase of Old Toys R Us Stores
Online shopping giant Amazon (NASDAQ:AMZN) is reportedly thinking about purchasing locations from the now-bankrupt Toys R Us, according to reports. By acquiring the old stores, Amazon would be expanding its physical footprint from the largely ... [Read]
Facebook Sell-Off and Trade War Fears: Here’s Why The Dow is Down Big Time
The Dow Jones Industrial Average (DJI) has fallen nearly 450 points today amid a tech market sell-off following growing governmental concerns over Facebook’s (NASDAQ:FB) data handling. Almost all of the Dow’s constituents are in the ... [Read]
Tech Stocks Plummet as Lawmakers Blast Facebook Over Data Breach
Facebook (NASDAQ:FB) shares fell as much as -7.9% today over news that lawmakers are demanding an explanation as to how 50 million users’ personal data was used to aid Donald Trump’s presidential campaign in 2016. ... [Read]
Money is Running Out for NASA’s International Space Station, and Boeing are Seeking Private Funding
It’s no secret that NASA has been struggling financially over the years. Government funding has been repeatedly cut, and now President Trump has requested that their already meager budget focuses more on the development of ... [Read]
Boeing Stocks Down As China Threatens Retaliation Over Trump Tariff
Stocks in U.S. aerospace giant Boeing (NYSE:BA) have been hit today over fears that China could retaliate to President Trump’s potential tariffs on Chinese goods. Boeing stocks are currently priced at $330.29 USD, down -2.47% after ... [Read]
E.ON and RWE Sign Deal Which Will Transform German Energy Landscape
German energy provider E.ON (DE:EOAN) is to acquire renewables specialist Innergy from rival company RWE (DE:RWE) as part of a German energy revolution. The deal, valued at about $22B, will close by the end of 2019. ... [Read]
Trump Tariffs: Who Stands to Benefit?
Back on March 1st, U.S. President Donald Trump announced that he would implement tariffs on steel (25%) and aluminum (10%) imported into the country. Since then, there has been a tidal wave of backlash with dozens ... [Read]
Fiber-Optic Giant Lumentum to Buy Oclaro: Stocks Soar and Industry Consolidates
It’s a bright day for fiber-optic shareholders as Lumentum Holdings (NASDAQ:LITE) announced this morning that it will purchase optical component firm Oclaro (NASDAQ:OCLR) for $1.7 billion USD in cash and stock. Oclaro, a producer of ... [Read]
United Kingdom is World’s Top Legal Cannabis Producer: UN Report
When you think of cannabis production, certain countries come to mind; Canada and the U.S., maybe. This makes sense, given North America’s increasing legalization of cannabis for medicinal and recreational use. Indeed, according to the ... [Read]
Trump Slaps Tariffs on Steel and Aluminum – Beer Industry Will Suffer, Says MillerCoors
U.S. beer giant MillerCoors has taken to Twitter to express disappointment over president Donald Trump’s ‘misguided’ plans to impose tariffs on steel and aluminum, which they say will lead to job losses. The brewer, which ... [Read]