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Wei Zhiyang/Zhejiang Daily Press Group | Visual China Group | Getty Images CEO of Alibaba Group Daniel Zhang Yong delivers speech at Hangzhou International Expo Centre on May 31, 2018 in Hangzhou, Zhejiang Province of China. Alibaba expects to avoid layoffs this year despite China’s economic slowdown, CEO Daniel Zhang …
Read More »Monthly Archives: February 2019
New York preparing to charge Paul Manafort if Trump pardons
Yuri Gripas | Reuters Former Trump campaign manager Paul Manafort departs from U.S. District Court in Washington, U.S., February 28, 2018. New York authorities reportedly are preparing to criminally charge convicted tax cheat and bank fraudster Paul Manafort if President Donald Trump pardons his ex-campaign chief. A presidential pardon would …
Read More »Empire producers remove Jussie Smollett from final episodes of season
Tasos Katopodis | Getty Images Jussie Smollett attends the Thurgood Marshall College Fund gala on Oct. 23, 2017 in Washington, DC. Producers of the 20th Century Fox Television show “Empire” have decided to remove actor Jussie Smollett from the final two episodes of the latest season. “The events of the …
Read More »FANG stocks aren’t the growth names they used to be, strategist says
New year, different FANG. After leading the market for much of 2018, tech high-flyers Facebook, Amazon, Netflix and Google parent Alphabet were hit hard in the fourth quarter, and apart from Netflix have lagged the S&P 500 this month. While these four stocks have bounced meaningfully from their December lows, …
Read More »Societe Generale plans to cut thousands of jobs at investment bank: Bloomberg
Antoine Antoniol | Bloomberg | Getty Images Societe Generale SA headquarters stand in Paris, France French bank Societe Generale is planning to cut thousands of jobs at its global banking and investor solutions unit, as it looks to offset cost pressure from regulation, Bloomberg reported on Friday, citing people familiar …
Read More »Google to unveil its new streaming gaming hardware at GDC
Stephen Lam | Reuters Google CEO Sundar Pichai speaks onstage during the annual Google I/O developers conference in Mountain View, California, May 8, 2018. Google will unveil new gaming hardware in a keynote speech at a major video game conference next month, 9to5Google reported, taking on traditional players in the …
Read More »Forget Bitcoin, cannabis is the place to go, says US wealth advisor
Spencer Platt | Getty Images Edible marijuana infused products by Dixie are displayed at the Cannabis World Congress Conference on June 16, 2017 in New York City. Cannabis stocks are the “next huge growth area” and the plant has “staggering” possibilities for medical use, according to one advisor to wealthy …
Read More »Despite market comeback, traders worry about bull-killing earnings drop
Drew Angerer | Getty Images Traders and financial professionals work ahead of the closing bell on the floor of the New York Stock Exchange (NYSE), June 25, 2018 in New York City. We are still in the longest bull market on record, yet the entire trading community seems convinced the …
Read More »Intel shares jump after Morgan Stanley upgrades the stock and predicts a big rally
Samyukta Lakshmi | Bloomberg | Getty Images Bob Swan, interim chief executive officer and chief financial officer of Intel Corp., reacts during the inauguration of the company’s research and development facility in Bengaluru, India, on Thursday, Nov. 15, 2018. Investors should buy Intel shares as they could get a boost …
Read More »Daimler and BMW announce $1.1 billion partnership to rival Uber
picture alliance | picture alliance | Getty Images 22 February 2019, Berlin: Harald Krüger (r), Chairman of the Board of Management of BMW AG, and Dieter Zetsche, Chairman of the Board of Management of Daimler AG and Head of Mercedes-Benz Cars, sit together at the beginning of a press conference …
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