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Evaristo Sa | AFP | Getty Images Brazilian President Jair Bolsonaro delivers a speech during the appointment ceremony of the new heads of public banks, at Planalto Palace in Brasilia on January 7, 2019. Brazil’s newly-elected populist President Jair Bolsonaro will take center stage at the World Economic Forum (WEF) …
Read More »Yearly Archives: 2019
Wall Street bullish on Tesla as job cuts signal ‘productivity gains’
Mason Trinca | The Washington Post | Getty Images A Tesla Model 3 is seen in the general assembly line at the Tesla factory in Fremont, California, on Thursday, July 26, 2018. Job cuts at Tesla is not quite the bad news investors are interpreting it to be, several Wall …
Read More »Tesla to cut its workforce by around 7 percent: Elon Musk
Troy Harvey | Bloomberg | Getty Images Billionaire Elon Musk, chief executive officer of Tesla, left, speaks as Jeffrey Straubel, chief technical officer and co-founder of Tesla, listens. Tesla is cutting its full-time staff headcount by approximately 7 percent, as it looks to ramp up production of its Model 3 …
Read More »Huawei 5G ban in Germany
Aly Song | Reuters A man walking past a Huawei P20 smartphone advertisement is reflected in a glass door in front of a Huawei logo, at a shopping mall in Shanghai, China December 6, 2018. The German government is considering banning Huawei from providing 5G equipment in the country saying …
Read More »Netflix says its cash burn will peak this year, then go down
Ore Huiying | Getty Images Netflix CEO Reed Hastings speaks during an interview on day two of the Netflix See What’s Next: Asia event at the Marina Bay Sands on November 9, 2018 in Singapore. Netflix said its cash burn will peak in 2019 and likely drop off in coming …
Read More »Netflix claims 10 percent of all TV time, 80 million Bird Box viewers
Sylvain Lefevre | Getty Images Netflix Co-founder, Chairman & CEO Reed Hastings attends Q&A during Transatlantic Forum as part of Series Mania Lille Hauts de France festival on May 3, 2018 in Lille, France. Netflix lifted the veil on some of its viewership numbers for top-performing content like “Bird Box.” …
Read More »Sears’ unsecured creditors object to Lampert’s deal to save company
Gregory Bull | AP Edward Lampert speaks during a news conference to announce the merger of Kmart and Sears in New York Wednesday, Nov. 17, 2004. Sears’ unsecured creditors filed an objection Thursday afternoon to Chairman Eddie Lampert’s deal to save the company through his hedge fund, ESL Investments. In …
Read More »Government shutdown is not good for business
David A. Grogan | CNBC Brad Smith, President and Chief Legal Officer, Microsoft, speaks at the 2017 Cambridge Cyber Summit on October 4, 2017. The current U.S. government shutdown is not good for business, Microsoft president and chief legal officer, Brad Smith said on CNBC’s “Closing Bell” on Thursday. “It …
Read More »Dates to watch as US government shutdown over border wall continues
Yuri Gripas | Reuters Senate Minority Leader Chuck Schumer (D-NY) (C) and other Senate Democrats hold portraits of constituents affected by the government shutdown on the steps of the U.S. Capitol in Washington, U.S., January 16, 2019. The partial government shutdown dragged into its 27th day Thursday, leaving 800,000 workers …
Read More »Netflix earnings Q4 2018
Akio Kon | Bloomberg | Getty Images Reed Hastings, chief executive officer of Netflix. Netflix is set to report earnings after the market close Thursday. Here’s what Wall Street expects: EPS: 24 cents, forecast by Refinitiv consensus estimates Revenue: $4.21 billion, forecast by Refinitiv consensus estimates Domestic membership additions: 1.77 …
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