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John McAfee's mysterious new company got crushed
Shares of the mysterious company soon to be headed by John McAfee collapsed by 35% Wednesday.The stock has gone wild after the company this month pivoted from mobile gaming to cybersecurity, bringing...
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Salesforce shares are popping on a beat-and-raise quarter (CRM)
Salesforce shares are popping 5.5% in after hours trading after the company beat Wall Street's Q1 financial targets across the board.Here are the most important numbers from Salesforce's earning...
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Tesla Motors plans to raise $2 billion for Model 3
(Reuters) - Tesla Motors Inc said it expected to raise about $2 billion through a stock offering to "accelerate the ramp" of its first mass-market car, the Model 3.Tesla said it would offer about $1.4...
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Tesla is selling $2 billion of shares (TSLA)
Tesla will sell $2 billion of its shares, the company said Wednesday."Tesla is offering about $1.4 billion of shares with the remaining shares to be sold by Elon Musk to cover tax obligations...
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Viacom board votes to stop paying Sumner Redstone: WSJ
(Reuters) - Viacom Inc's board voted on Wednesday to stop paying 92-year-old controlling shareholder and Chairman Emeritus Sumner Redstone, the Wall Street Journal reported, citing a person familiar...
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Bankers have to guess whether Trump will be a pro-Wall Street president or not
Donald Trump has reached the phase of his campaign where he tries to solicit huge checks from Wall Street barons.Coincidentally, Trump says that he will soon release a bank-regulation plan that will...
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There's a guy in Saudi Arabia who is the CEO of his own publicly traded city
Fahd Al-Rasheed jokes that he always used to lose at SimCity, the computer game where you design and manage your own town.He lost, he says, because he would run out of money.He no longer has the luxury...
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Activist investor heavyweights form new lobbying arm
NEW YORK (Reuters) - A group of activist hedge funds have formed a new lobbying arm in an effort to promote the benefits of shareholder activism across the U.S. economy.The Council for Investor Rights...
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You won’t recognize the new world of digital payments without this report
The modern smartphone is a remarkable device. A single device that fits in your pocket can do all the tasks that once required cameras, camcorders, GPS devices, watches, alarm clocks, calculators, and...
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Here's why Uber is getting killed in China
The transportation war has become increasingly brutal in China, with Uber playing catch up since its launch there in 2013.Uber logged only 1 million daily rides in China in 2015. Didi Chuxing said it...
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Ross Stores is getting rocked after lackluster earnings
Ross Stores stock is tumbling Thursday after the company reported another set of lackluster retail earnings.Results were mixed against expectations as profits came in right in line at $0.73 per share....
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Gap is closing a bunch of stores and says layoffs might be coming (GPS)
Gap is closing a bunch of stores and could lay off workers soon amid declining sales.In its first-quarter earnings results on Thursday, the clothing retailer said that it is closing up to 75 Banana...
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Gap to close 75 Old Navy, Banana Republic stores globally
(Reuters) - Apparel retailer Gap Inc said on Thursday it would shut 75 Old Navy and Banana Republic stores globally as the retailer tries to recover from five straight quarters of falling sales.The...
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Workers plan major round of protests for McDonald's annual meeting
By Lisa BaertleinLOS ANGELES (Reuters) - Spurred by recent successes, U.S. low-wage workers next week plan to make McDonald's Corp and its annual shareholder meeting the target of major protests...
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Nasdaq just went nuclear on the SEC
Nasdaq just went nuclear.In a letter to the US Securities and Exchange Commission, Nasdaq's law firm, Gibson Dunn, said that the SEC could be sued if it approves IEX's application to become an...
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Exclusive: Canadian PM Trudeau says C$30 billion budget gap figure not hard...
OTTAWA (Reuters) - Canadian Prime Minister Justin Trudeau suggested on Thursday that a C$30 billion budget deficit was not a hard limit as the government's focus should be on spurring economic...
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The University of Cambridge is planning one of the most expensive business...
The University of Cambridge has proposed a new business program that may cause some sticker shock.The four-year program is a doctorate of business and will cost students $332,000, as the Times Higher...
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China's giant population is reshaping the global economy
The world's second-largest economy is making its weight felt around the world.And the new power of the Chinese consumer is showing up in various forms."It could be a trip to Sydney's Taronga Zoo, a...
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Here's the trailer for 'Equity' — the new movie about a badass woman banker
The trailer has dropped for "Equity" — the new Wall Street movie that is written, produced, directed, and starred in by women."Orange is the New Black" star Alysia Reiner is co-producing the film with...
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China's COFCO Agri seeing high interest in U.S. partnerships
By Rod NickelNEW YORK (Reuters) - Chinese state-owned agricultural trader COFCO Agri [CNCOF.UL] is finding plenty of interest from potential U.S. crop handling partners who are eager to boost sales to...
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