What’s Going on With Tesla’s Inventory Report?
Tesla’s (NASDAQ:$TSLA) inventory balance has seen a major increase in the past few month. While this may seem reasonable given its upcoming Model 3 ramp, a further examination reveals a different story. Taking a look ... [Read]
Using This Strategy, Wal-Mart Looks to Cash In Early Amid Low Toy Sales
Wal-Mart Stores Inc. (NASDAQ:$WMT) saw slower sales growth industry-wide last December and has since struggled to pick up this year. The company implemented its holiday layaway program as it hopes to see an early cash-in. ... [Read]
Billionaire Investor William Ackman Exits Large Stake in Nomad Foods
Waging a proxy fight to push for change at another portfolio company, billionaire investor William Ackman, CEO of Pershing Square Capital Management, has decided to exit his large stake in Nomad Foods (NASDAQ:$NOMD) What does ... [Read]
Here’s Why Trivago Stock Plummetted Today
As of early morning trading Wednesday, Trivago (NASDAQ:$TRVG) shares were down more than 23%. Prior to that, the company saw a third-quarter and full-year results report that are lower than expectations. It is important to ... [Read]
China’s Alibaba Group Signs Deal with Mexico
Mexico’s government confirmed its deal with Alibaba Group Holding Ltd on Wednesday (NYSE:$BABA). The deal’s main prerogative was to introduce Mexican products and services — especially from small and medium sized firms — onto the ... [Read]
General Motors Bounces Back Thanks to Strong August Sales
Reporting significantly lower sales in June and July, General Motors (NYSE:$GM) was facing troubles. However, the company bounced back by reporting a 7.5% year-over-year increase in its U.S. sales in August. Specifically, GM reported a ... [Read]
Blackstone Group Calls Off $2.8 Billion Sale Due to Amazon’s Dominance
Blackstone Group (NASDAQ:$BX), a private equity giant has called off the sale of its $2.8 billion Australian shopping mall portfolio in fear of Amazon (NASDAQ:$AMZN) spooking buyers of bricks-and-mortar stores. The cancelled sale also came ... [Read]
Alibaba Reportedly Scheduled to Open its First Brick-And-Mortar Mall in China
It looks like the retail sector is set to have yet another big day! On Tuesday, September 5, Caixin, a Beijing-based financial news group, announced that Alibaba Group Holdings (NYSE:$BABA) is reportedly working on developing ... [Read]
Tronc Acquires New York Daily News, Solidifies Top Position in Media Market
Tronc Inc. (NASDAQ:$TRNC), owner of the Chicago Tribune and Los Angeles Times newspapers, has solidified its position in the United States’ top media market by acquiring the New York Daily News from publishing mogul Mort ... [Read]
Hyundai Clashes with Chinese Partner Over Supply Cost Cuts
Hyundai Motor Co. (NASDAQ:$HYMTF) is clashing with its Chinese partner over an effort to cut supplier costs, simultaneously grappling with the impact of a stand-off between Beijing and Seoul. Hyundai and its affiliate Kia Motors ... [Read]