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Toys R Us Announces Come Back With Candytopia Partnership and Interactive Playrooms

Toys R Us Announces Come Back With Candytopia Partnership and Interactive Playrooms

Toys R Us has had a rough time the past few years, which is not necessarily unexpected considering the state of the retail industry as a whole, right now.  With many big box stores losing ground to online shopping—and... 
Strong US Retail Sales Help Balance Economic Concerns

Strong US Retail Sales Help Balance Economic Concerns

Retail sales in the United States made a much bigger improvement than expected, last month, mostly boosted by new auto purchases, with building supply sales also helping shore up a rather complicated time for the retail industry... 
Automakers developing technology to fight ‘hot cars kids deaths’ to become standard by 2025

Automakers developing technology to fight ‘hot cars kids deaths’ to become standard by 2025

Child hot car deaths have been in the news in recent weeks with 10 children dying in such a gruesome way in just 20 days. Through August of 2019, 35 children have died after being left in cars during hot temperatures.   There... 
Auto Worker Union Shows Overwhelming Support for Strikes at the Detroit Three

Auto Worker Union Shows Overwhelming Support for Strikes at the Detroit Three

The United Auto Workers Labor Union has had quite a strained relationship with the folks at General Motors, with tensions reaching their penultimate just one year ago. At that time, GM CEO Mary Barra revealed the company’s... 
Hasbro Buys Media Studio Entertainment One (eOne) for $4 Billion

Hasbro Buys Media Studio Entertainment One (eOne) for $4 Billion

Popular toymaker Hasbro has revealed, this week, their plan to acquire studio Entertainment One (eOne).  This all-cash deal carries a value of $4 billion and, once completed, will bring big toy brands like Nerf and My... 
Tesla Owners Suing Over Battery Update

Tesla Owners Suing Over Battery Update

Tesla Inc. (NASDAQ: TSLA) has been slapped with a lawsuit from owners of its Model S and Model X over an over-the-air (OTA) update that they say purposefully limited the battery range on their cars. One owner of a 2014 Model S... 
Zillow Disappoints With Zillow Offers Losses

Zillow Disappoints With Zillow Offers Losses

Zillow Group Inc. (NASDAQ: ZG) managed to disappoint investors with its latest earnings report. The company posted revenue of $599 million for the three months ending in June, an 84 percent increase from the same quarter of last... 
Booming Tech Fund Investments Help Bolster Profits for SoftBank

Booming Tech Fund Investments Help Bolster Profits for SoftBank

SoftBank has been investing big in tech development and it looks to be paying off, big time.  A recent report shows that the operating income for SoftBank’s Vision Fund skyrocketed 66 percent—to just shy of 400... 
Verizon Revamps Unlimited Plan Offerings

Verizon Revamps Unlimited Plan Offerings

Verizon Communications Inc. (NYSE: VZ) has updated its “Unlimited” plans, expanding the previous three into four plans. The company is doing away with its current Go, Above and Beyond unlimited plans and replacing them with four... 
Equifax Payments May Not Reach $125

Equifax Payments May Not Reach $125

Many people have elected to file claims for at least $125 with Equifax as part of its data breach settlement instead of opting in to its credit monitoring product. Unfortunately, applicants may not get a full $125 depending on... 
Every growth strategy Starbucks has in place is working

Every growth strategy Starbucks has in place is working

Good news for Starbucks which was founded in 1971: all of its plans that have been put in place this year to stimulate growth are working out. In order to that the company has made some of the following moves: opening new restaurant,... 
Google Settles FTC Claims Of YouTube Kids Privacy Violations

Google Settles FTC Claims Of YouTube Kids Privacy Violations

The Federal Trade Commission has reportedly finalized a settlement with Alphabet’s (NASDAQ: GOOG) Google over alleged violations of the Children’s Online Privacy Protection Act, or COPPA. The act prohibits the tracking and... 
Equifax Agrees to Pay $700 Million to Settle Data Breach Case

Equifax Agrees to Pay $700 Million to Settle Data Breach Case

Equifax is set to pay a reported $700 million in fines and other monetary relief in order to settle a 2017 data breach that affected approximately 150 million people. While it awaits regulator approval in federal court, the... 
Amazon Settles With German Regulators

Amazon Settles With German Regulators

Amazon.com Inc. (NASDAQ: AMZN) has reached a settlement with Germany and Austria to end antitrust probes into how it does business with other merchants on its site. Under the terms of the settlement, Amazon will be changing its... 
US Stock Market Soaring on Fed Rate Cut Hopes

US Stock Market Soaring on Fed Rate Cut Hopes

By midday, on Friday, US stocks pushed higher into record territory on the heels of Federal Reserve Chairman Jerome Powell concluded two days of congressional testimony to set the stage for an interest rate cut by the end of the... 
Deutsche Bank Announces Massive Overhaul

Deutsche Bank Announces Massive Overhaul

Deutsche Bank (NYSE: DB) has announced that it will be undertaking a major overhaul of its business as part of its plan to improve profitability. Deutsche expects its restructuring plan to cost 7.4 billion euros and eliminate... 
Taco Bell Hotel Reservations Sold Out In Minutes

Taco Bell Hotel Reservations Sold Out In Minutes

Taco Bell’s latest marketing venture appears to be a success. The company is taking over the V Palm Springs hotel, located at 333 E. Palm Canyon Drive, for an extended weekend in August. The hotel will be turned into resort... 
Apple Building Out New Hub In Seattle

Apple Building Out New Hub In Seattle

Apple Inc. (NASDAQ: AAPL) has unveiled details for a massive new office complex the company is establishing in the Seattle area. The company has announced that it is leasing a considerable amount of office space at 333 Dexter... 
The sixth generation Camaro may be the last Chevrolet will produce

The sixth generation Camaro may be the last Chevrolet will produce

Speculations are abounding that the sixth generation Camaro may be the last of its kind as rumors say that the development of the seventh generation Camaro is being shelved. Even more, rumors say that the Camaro name may be buried... 
Liberty Pipeline proposal to pump North Dakota crude oil to Oklahoma

Liberty Pipeline proposal to pump North Dakota crude oil to Oklahoma

A proposal made by two companies to pump North Dakota crude oil to Oklahoma was made on Monday, June 10, 2019. The joint venture will be called the Liberty Pipeline and will cost around $1.6 billion and will be the biggest type... 
Target to Expand Same-Day Shipping Option to Compete with Walmart, Amazon

Target to Expand Same-Day Shipping Option to Compete with Walmart, Amazon

This week, Target announced the launch of a new same-day delivery option that will certainly help the brick-and-mortar retailer compete in today’s quickly-moving retail industry.  It is a somewhat risky move, but a... 
Amazon Restaurant Delivery Service Cancelled

Amazon Restaurant Delivery Service Cancelled

Amazon (NASDAQ: AMZN) is getting out of the restaurant food delivery business. Amazon Restaurants, which delivered food on demand to Prime members, will officially close on June 24. A company spokeswoman said that only a small... 
Apple will tune-out iTunes this fall

Apple will tune-out iTunes this fall

Yes, Apple is going to stop iTunes this fall when its new iOS Catalina is launched to update the current Mojave for the macOS. It was announced at Apple’s World-Wide Developers Conference 2019 this week. If you are wondering... 
China Fines Ford Over Pricing

China Fines Ford Over Pricing

Ford Motor Co.’s (NYSE: F) main joint venture in China has been fined nearly $25 million by China’s antimonopoly authority, the State Administration for Market Regulation. Changan Ford, which is owned equally by the Detroit... 
Gap Shares Down 15 Percent After Missing Earnings Estimates

Gap Shares Down 15 Percent After Missing Earnings Estimates

Shares of Gap Inc are plummeting this week on the heels of the apparel company reporting quarterly earnings and sales fell short of Wall Street estimates, which resulted in the retailer slashing full-year profit outlook. The report... 
Uber Posts Considerable Loss For Q1

Uber Posts Considerable Loss For Q1

Uber (NYSE: UBER) reported losing more than $1 billion in the first three months of 2019 in its first quarterly report since going public. The company reported a net loss of $1.01 billion, or $2.26 per share, in the first quarter... 
Smartphone Sales Plummet Year-over-year

Smartphone Sales Plummet Year-over-year

Slowing smartphone sales are spelling big trouble for the world’s most popular smartphone makers. According to the most recent figures, smartphone sales fell 6.6 percent for the first quarter of 2019 compared to the same period... 
Natura To Purchase Avon In $3.7 Billion Deal

Natura To Purchase Avon In $3.7 Billion Deal

Brazilian cosmetics maker Natura has announced its intentions to purchase Avon Products Inc. (NYSE: AVP) in an all-stock deal valued at $3.7 billion. Natura expects to close the deal in the beginning of 2020. The merger would... 
Walmart Posts Strong Start To Fiscal Year

Walmart Posts Strong Start To Fiscal Year

Walmart Inc. (NYSE: WMT) surprised Wall Street by reporting better-than-expected earnings for the first quarter of its fiscal year. Walmart reported adjusted earnings per share of $1.13, beating analysts’ expectations of $1.02.... 
No Surprise: Big Pharma Takes A Big Chunk of Health Care Industry Profits

No Surprise: Big Pharma Takes A Big Chunk of Health Care Industry Profits

It might come as no big surprise to hear that pharmaceutical companies earn most of the profits in the health care industry, but a new study has investigated just how much.  And despite what might seem an obvious conclusion,... 
Facebook Raises Wages For Its Contractors

Facebook Raises Wages For Its Contractors

Facebook Inc. (NASDAQ: FB) has announced a plan to raise the wages of contractors working for the company. The affected workers are employed by outside vendors and work either part or full-time in areas such as content review,... 
Beyond Meat Value Doubles In Trading Debut

Beyond Meat Value Doubles In Trading Debut

Beyond Meat more than doubled in value in its trading debut, giving the company a market capitalization of $3.9 billion. The company priced its IPO at $25 per share, the high end of its range, raising $241 million by selling 9.6... 
Procter & Gamble Beats Third Quarter Estimates, Even with Higher Prices

Procter & Gamble Beats Third Quarter Estimates, Even with Higher Prices

On Tuesday, Procter & Gamble reported earnings and revenue for the quarter that beat analyst expectations, a confident result that suggests consumers are still willing to pay for their products even after price increases,... 
Jet Groundings Batter Boeing’s Earnings

Jet Groundings Batter Boeing’s Earnings

Boeing Co. (NYSE: BA) has acknowledged that its earnings have taken a hit due to the global grounding of its 737 Max jets after two deadly plane crashes involving the model. A Lion Air crash in Indonesia on Oct. 29 killed all... 
Pier 1 Imports is the Latest Retailer to Suffer Store Closures

Pier 1 Imports is the Latest Retailer to Suffer Store Closures

It looks like the dismal future of retail has no end in sight as yet another big retailer has announced looming store closures.  This week you can add Pier 1 Imports to this list, as the company has disclosed that an unimpressive... 
Lemonade Inc Secures $300 Million Funding Deal

Lemonade Inc Secures $300 Million Funding Deal

Insurance startup Lemonade announced, this week, a $300 million round of Series D financing initiated by SoftBank Group.  General Catalyst, Thrive Capital, GV, Allianz, and OurCrowd are also participating.  If... 
Goldman Sachs Cuts Employee Benefits After Profits Fall

Goldman Sachs Cuts Employee Benefits After Profits Fall

First quarter earnings per share at Goldman Sachs was better than expected but revenue missed the mark, analysts say. Indeed, the bank delivered an adjusted $5.71 earnings per share, which is significantly higher than the...