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Monthly Archives: November 2018

David’s Bridal files for bankruptcy protection

Jeenah Moon | Bloomberg | Getty Images A pedestrian passes in front of a David’s Bridal Inc. store in New York, U.S., on Wednesday, Nov. 14, 2018.  Wedding dress retailer David’s Bridal filed for Chapter 11 bankruptcy protection Monday, as expected, grappling with a heavy debt load amid changing consumer …

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Facebook is on track to post its longest losing streak ever

Facebook is facing a mountain of problems. The social media giant is poised to close its third straight month in the red, which would mark its longest monthly losing streak on record. Furthermore, Facebook is on track for its longest quarterly losing streak since 2013, and its first full year …

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UK’s richest man looks to increase stake in North Sea oil

Andy Buchanan | AFP | Getty Images Jim Ratcliffe visits the Ineos oil refinery in Grangemouth, Scotland. The U.K.’s wealthiest man, Jim Ratcliffe, could soon hold a larger influence over North Sea oil, with his company in exclusive negotiations with ConocoPhillips for its British assets. ConocoPhillips confirmed to CNBC via …

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Bitcoin skids to a 13-month low, nearing $5,000

The world’s largest cryptocurrency dropped to its lowest level in more than a year on Monday. Bitcoin hit a low of $5,165.24, bringing its losses to more than 18 percent in the past seven days and more than 62 percent this year, according to data from CoinDesk. The digital currency …

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Facebook stock would go up if COO Sheryl Sandberg departed

Facebook’s stock would rise if Chief Operating Officer Sheryl Sandberg resigned or was ousted, CNBC’s Jim Cramer argued on Monday. Cramer was discussing a new report in the Wall Street Journal, which described Facebook Chairman and CEO Mark Zuckerberg as causing “unprecedented turmoil” at the social network amid scrutiny over …

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Democrat Gil Cisneros declared winner over Young Kim in Orange County

Bill Clark | CQ Roll Call | Getty Images Gil Cisneros, Democrat running for California’s 39th Congressional district seat in Congress, speaks to the Hacienda Heights Improvement Association meeting at the Hacienda La Puente Unified School District board room in the City of Industry, Calif., on Monday, May 21, 2018.  …

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Apple shares fall on report of slashed iPhone production orders

ARis Oikonomou | AFP | Getty Images Tim Cook, CEO of Apple, speaks in Brussels, on October 24, 2018.  Shares of Apple fell in the premarket Monday after a report said the tech giant has cut down on iPhone production orders. The Wall Street Journal reported, citing people familiar with …

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Rick Scott leads Bill Nelson in Florida Senate race recount

Tom Williams | CQ-Roll Call Group | Getty Images Florida Gov. Rick Scott addresses his election night party in Naples, Fla., after he apparently won the Florida Senate seat from incumbent Sen. Bill Nelson, D-Fla., on November 6, 2018.  Republican Rick Scott appears to have defeated Democratic Sen. Bill Nelson …

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Renault and Nissan’s Ghosn to be arrested for financial violations

Philippe Wojazer | Reuters Carlos Ghosn, Chairman and CEO of the Renault-Nissan Alliance, speaks during a news conference in Paris, France, September 15, 2017. Nissan said its Chairman Carlos Ghosn is under investigation after he allegedly violated Japanese financial law. The auto giant said in a statement Monday that “over …

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Why Apple accepts billions from Google

ARis Oikonomou | AFP | Getty Images Tim Cook, CEO of Apple, speaks in Brussels, on October 24, 2018.  Apple CEO Tim Cook didn’t name names when he spoke out against the privacy practices of big tech companies during a keynote speech in Brussels last month. But he didn’t have …

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