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Digital Turbine Posts Excellent Third Quarter Results

Digital Turbine Posts Excellent Third Quarter Results

This week, Digital Turbine Inc announced fiscal third quarter financial results (ending December 31, 2019).  The report indicates Q3 revenue of $36 million, an all-time high for the company that represents growth of... 
Chipotle Reports Earnings Beat Wall Street Estimates

Chipotle Reports Earnings Beat Wall Street Estimates

Chipotle recently released their financial report for the fourth quarter and it looks like they are dominating in their market.  Crushing both top and bottom lines shares fully recovered—and then some—after falling 3 percent... 
Stocks Dip on Fears of Global Spread of Coronavirus

Stocks Dip on Fears of Global Spread of Coronavirus

Wall Street took a bit of a dip at the end of last week as investors mounted quite a broad sell-off of equities as growing concerns over the coronavirus outbreak capped the S&P 500’s worst full week in the last six months.  Actually,... 
BlackRock Hopes to Lead the Sustainable Investment Charge Against Climate Risk

BlackRock Hopes to Lead the Sustainable Investment Charge Against Climate Risk

BlackRock is an investment firm worth about $7 trillion so you would think the company has a lot of room to make a statement.  As such, the company has chosen to make climate change a major focus of their business strategy... 
Google’s Fitbit acquisition to be investigated by US Justice Department

Google’s Fitbit acquisition to be investigated by US Justice Department

Last November Google acquired Fitbit, the tech wearables company and news has it that the US Department of Justice (DOJ) will be reviewing the acquisition particularly regarding the detailed user data which Fitbit would turn over... 
Germany’s BMW Faces Sales Reporting Investigation in US

Germany’s BMW Faces Sales Reporting Investigation in US

Luxury auto brand BMW is currently under investigation by the United States Securities and Exchanges Commission (SEC) over its sales reporting practices. It is just the latest in a running list of legal obstacles facing the Munich-based... 
You will be able to edit your face into videos with Snapchat Cameos

You will be able to edit your face into videos with Snapchat Cameos

Snapchat is getting ready to launch a new feature it calls Cameo in about 10 days which will use your selfies to replace faces of people in videos which you can then share. According to TeleCrunch, it will be a simple way you... 
T-Mobile/Sprint on trial by US states to block merger

T-Mobile/Sprint on trial by US states to block merger

13 states and the District of Columbia have joined forces in an attempt to block the acquisition of Sprint by T-Mobile with the claim that it will raise prices particularly those of users with prepaid plans. The two companies... 
Electric vehicle battery supplies may be delayed due to feud between two Korean manufacturers

Electric vehicle battery supplies may be delayed due to feud between two Korean manufacturers

Supplies for electric vehicle (EV) batteries to some of the world’s biggest carmakers may risk a delay if the feud between two Korean EV battery manufacturers is not settled soon. Lawsuits that have been filed and counter-filed... 
Uber losses its license to operate in London

Uber losses its license to operate in London

Uber lost its license to operate today in London, the UK’s capitol. Its license to operate was due to expire today. The local transport regulator, Transport for London (TfL), cited the San Francisco-based ride-hailing... 
Toys R Us Poised for Comeback

Toys R Us Poised for Comeback

It was not that long ago that popular toy chain Toys ‘R’ Us announced it was filing for bankruptcy. That was a disappointing day for many, of course; but it looks like things are turning around.  This week,... 
Former Apple Exec joins a startup to ban use of smartphone cables

Former Apple Exec joins a startup to ban use of smartphone cables

Rubén Caballero, who had been with Apple for 14 years, joined a new Silicon Valley startup called Keyssa, Inc. At Apple, Caballero oversaw the wireless engineering of every iPhone from the first prototype... 
Exxon Beats Analyst Expectations Despite Earnings Slump

Exxon Beats Analyst Expectations Despite Earnings Slump

The biggest oil and gas company in the United States beat analyst forecast this week, even with a 49 percent slump in earnings for fiscal third quarter of 2019. Low oil and natural gas prices helped buoy these prices down.  Indeed,... 
Amazon Takes A Hit With One-Day Shipping but Investors Optimistic

Amazon Takes A Hit With One-Day Shipping but Investors Optimistic

This past week, Amazon Inc reported an earnings miss for the third quarter, but analysts appear to be confident that the shortfall is merely a consequence of growth.  As such, Amazon shares fell 2.1 percent on Friday after... 
Study for $30/hr minimum wage for ride-share drivers commissioned by Los Angeles City Council

Study for $30/hr minimum wage for ride-share drivers commissioned by Los Angeles City Council

Los Angeles lawmakers have commissioned a study to see how a $30 per hour wage would work out for ride-share drivers for companies like Uber, Lyft and Door Dash.  LA City Council President, Herb Wesson, had asked... 
Goldman Sachs Posts Q3 Earnings Miss

Goldman Sachs Posts Q3 Earnings Miss

Goldman Sachs Group, Inc failed to hit Wall Street estimates this week, posting that net income fell 27 percent in the third quarter.  While analysts had expected a decline, the forecast was still better than the reality:... 
Amazon Launches Internal Virtual Health Care Program For Employees

Amazon Launches Internal Virtual Health Care Program For Employees

Amazon is making waves, again, but this time it appears they might be doing something that benefits the people who make it all happen.  The tech giant has just launched a virtual health clinic—with in-home follow-up—for... 
Ford Recalls Nearly 340,000 Explorer Models Due To Sharp Seat Frame Injury Risks

Ford Recalls Nearly 340,000 Explorer Models Due To Sharp Seat Frame Injury Risks

SUV fans who might be in the market for a new vehicle right now should take heed that Ford Motor Company is recalling  more than 338,000 Ford Explorers over concerns of sharp seat frame edges. Apparently, there... 
US Stocks and Global Markets Tumble On Trade Tensions

US Stocks and Global Markets Tumble On Trade Tensions

US Treasury benchmark 10-year yields took a dip on Tuesday, falling to their lowest value since July of 2016. The decline comes as all three major US stock indexes fell in a sell-off session of risky holdings, mostly driven by... 
Nearly $8 billion gov deal won by three Microsoft vendors

Nearly $8 billion gov deal won by three Microsoft vendors

Three Microsoft vendors: General Dynamics Corp, Dell Marketing and Minburn Technology Group win a $7.6 billion computing contact which will provide Microsoft office software for the Pentagon and all US military. The announcement... 
Costco opens its first store in China and shuts down after five hours

Costco opens its first store in China and shuts down after five hours

Not to be outdone by Walmart or Sam’s Club, Costco opened its first store in Shanghai, China on Tuesday, August 27, 2019. But due to the insanely massive crowd of shoppers, the new store had to close it’s doors at 1:40... 
Rite Aid Chooses Former Insurance Executive As CEO

Rite Aid Chooses Former Insurance Executive As CEO

Drug store chain Rite Aid CEO John Standley recently announced his plan to step down, leaving the company with quite the task of naming a new CEO.  This week, we have learned that healthcare veteran Heyward Donigan both... 
US Stocks Still Improving But Could Suffer as Trade War Escalates

US Stocks Still Improving But Could Suffer as Trade War Escalates

Central banks from around the world have issued somewhat dramatic rate cuts, mostly a result of concern over global growth.  For example, New Zealand, Thailand, and India all cut their interest rates, citing this very... 
Online Shopping Platform and Mobile App Shopify Raises Full-Year Revenue Guidance

Online Shopping Platform and Mobile App Shopify Raises Full-Year Revenue Guidance

Shares of Canadian e-commerce software maker Shopify made quite a jump on Thursday after the company reported a notable jump in second-quarter revenue and adjusted earnings that was better than they had expected.  It should... 
Smartphones, smart water and now smart diapers!

Smartphones, smart water and now smart diapers!

Yes! Really. Coming this fall, diapers made by Pampers will be smart tech equipped to let patents know when their baby’s diaper is dry, wet or very wet. Their smartphones will ping and receive a text alert to let them know that... 
General Mills Struggles With Slowing Snack Business

General Mills Struggles With Slowing Snack Business

American cereal giant General Mills might have made a smart move with an early investment in the meat alternative company Beyond Meat.  The company was one of the first outside investors to stake a claim in the daring... 
Major US Poultry Producers Face Price-Fixing Investigation

Major US Poultry Producers Face Price-Fixing Investigation

The United States Department of Justice has filed a criminal investigation into claims that some the biggest names in the US poultry industry have orchestrated a massive price-fixing scheme involving, particularly, broiler chickens.  Last... 
McDonald’s franchises make switches to fresh beef and sales increase

McDonald’s franchises make switches to fresh beef and sales increase

McDonald’s is switching from using fresh beef instead of frozen and its making a difference in its sales and market share. It all began last year when McDonald’s started to use fresh beef in its quarter-pounder burgers... 
‘Omnichannel’ utilization by retailers increases sales and rise in stock

‘Omnichannel’ utilization by retailers increases sales and rise in stock

Retailers with brick-and-motor stores who are finally figuring out how use the internet for online sales to increase their revenue are doing so and Wall Street is responding with rises in their stock value. A new term, ‘omnichannel,’is... 
Walmart delivers groceries ordered online direct to frid​ge

Walmart delivers groceries ordered online direct to frid​ge

Are you too busy to do your own grocery shopping then hauling them home and putting them away? Well, Walmart now has an ‘in-home’ delivery service to meet your need. After a five month pilot program in New Jersey,... 
Amazon Launches One-Day Shipping for Prime Members

Amazon Launches One-Day Shipping for Prime Members

June officially begins the summer season and what better way to welcome warmer weather and vacations than one-day shipping for Amazon Prime members.  Yes, starting Monday this week, Amazon said it will launch its free... 
Abercrombie & Fitch Shares Tank From Weak Same-Store Sales, Expects Store Closures

Abercrombie & Fitch Shares Tank From Weak Same-Store Sales, Expects Store Closures

Shares of clothing brand Abercrombie & Fitch plummeted on Wednesday after the apparel company reported much weaker same-store sales than analysts had expected.  In addition, the retailer said it has plans to close... 
Sony decides to partner with its competitor Microsoft and Sony’s shares soar

Sony decides to partner with its competitor Microsoft and Sony’s shares soar

It has been over four months since Sony’s shares increased and it did so by a huge 9.89% on Thursday. The increase comes on the heels of two major announcements by Sony on Thursday of this week. Sony first announced that... 
Former Netflix Creative Head Raises $1.6M For Liquid Death Canned Water Startup

Former Netflix Creative Head Raises $1.6M For Liquid Death Canned Water Startup

It might be called Liquid Death but the only thing it is supposed to kill is your thirst.   This week, Science Inc raised $1.6 million in seed money to bring CEO Mike Cessario’s canned water startup concept directly... 
CVS Closed 46 Stores in April

CVS Closed 46 Stores in April

CVS is the latest chain to suffer the tragic fate of many others in the modern retail fable by closing 46 stores across 16 states, last month.  According to a company spokesperson, it was a decision made “after a thorough... 
Labor Union Critical of Amazon’s One-Day Shipping Proposal

Labor Union Critical of Amazon’s One-Day Shipping Proposal

Last week, Amazon.com Inc shook investors and the entire retail when it revealed a plan to work on improving Prime to include a free one-day shipping program.  Shaking things up with investors, the move nearly put to... 
Anadarko Reveals Resuming of Talks with Occidental In Takeover Bid

Anadarko Reveals Resuming of Talks with Occidental In Takeover Bid

It was only a week or two ago that Anadarko Petroleum Corporation agreed to sell itself to Chevron Corporation in a $33 billion. But this past Sunday, the US oil and gas exploration and production company has shifted gears... 
Uber Announces IPO and Driver Bonus

Uber Announces IPO and Driver Bonus

To end the week, Uber announced its IPO price and that, apparently, got PayPal chomping at the bit.  Going public with its initial public offering value, PayPal offered a $500 million investment in the company, at $47...