President Donald Trump has just intensified the long standing feud between the United States and Chinese technology giant Huawei. After months of tense back-and-forth between the parties, Trump has blocked Huawei from using advanced semiconductors in its devices. The equipment necessary to make these chips is only...
Deidre O’Brien, Senior Vice President of Retail for Apple, announced Monday that some of the company's retail stores would reopen this week. In her statement, O’Brien outlined the measures Apple stores would take to ensure employee and customer safety.  A Cautious Reopening
Airbnb, the San Francisco-based homestay and tourism service, has had its plans turned upside down along with the entire hospitality trade. There was a time when it looked like the company would go public this year, but as the coronavirus took its toll on the world, any...
Ridesharing and food delivery giant Uber is reportedly in negotiations to purchase Grubhub, a rival food delivery service, in an all-stock deal. This acquisition comes amid coronavirus-related shutdowns that have all but halted Uber’s ridesharing service while aggressively bolstering demand for at-home food delivery.
This Monday, Tesla CEO Elon Musk tweeted that the California Tesla factory had restarted operations, in violation of local shelter-in-place measures. Musk has stated that he will be on the premises and requested that he and not his employees be arrested if such enforcement is necessary. Earlier...
Electric car giant Tesla has seen its stock increase in value by almost 90% since the beginning of the year. While shares hit a low on March 18th, bottoming out at $361.22, it has quickly rebounded to $781.88 as of April 30th. But Tesla's success is unique...
Investor extraordinaire Warren Buffett sent shockwaves through the business world on Monday when he announced he would withdraw all investments from the struggling airline industry. While traders betting against airlines made a killing, others warn that Buffett may have made a severe mistake. Selloff...
In the last week global retail giant Amazon has battled tough headlines about COVID-19 outbreaks in multiple warehouses and the public uproar over the firing of several employees whom many view as whistleblowers. Now, nine Democratic senators, including several former presidential candidates, have signed...
During the first quarter of 2020, the US economy contracted by 4.8 percent on an annualized basis, the worst contraction since 2008. In total, 30 million Americans have filed for unemployment in the US over the past six months, a rate comparable to Great Depression levels....
On Sunday, the world's top oil producing nations agreed to cut oil production by around 10 percent, which puts them in line with the dramatic decline in demand caused by the Covid-19 pandemic. Orders to stay at home and to avoid travel have devastated oil markets. Nations...
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