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Monthly Archives: March 2019

Power failure leaves much of the country in the dark

YURI CORTEZ | AFP A couple walks along a street during a power cut in Caracas on March 7, 2019. – The government of Nicolas Maduro denounced a ‘sabotage’ against the main electric power dam in the country, after a massive blackout left Caracas and vast regions of Venezuela in …

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Deutsche Bank, Commerzbank CEOs reportedly resume talks over potential merger

Kai Pfaffenbach | Reuters Banners of Deutsche Bank and Commerzbank are pictured in front of the German share price index, DAX board, at the stock exchange in Frankfurt, Germany. Deutsche Bank and Commerzbank’s chief executives have resumed talks over a potential merger of Germany’s two biggest lenders, Focus magazine reported …

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Facebook removes fake accounts that tried to stir hate in UK, Romania

Justin Sullivan | Getty Images Mark Zuckerberg, CEO, Facebook Facebook says it removed fake accounts that spread articles, videos and memes aimed at inciting hate and political division in Britain and Romania. The social media giant said in a blog post Thursday evening on its blog that it took down …

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JP Morgan finds more gender diversity on boards in 2018

Mandel Ngan | AFP | Getty Images Lawmakers attend US President Donald Trump’s State of the Union address at the US Capitol in Washington, DC, on February 5, 2019. – Women from both political parties wore white outfits tonight at the behest of the Democratic Womens Working Group to honor …

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LaCroix maker National Beverage blames poor earnings on injustice

Vivien Killilea | Getty Images Entertainment | Getty Images LaCroix Sparkling Water at the EcoLuxe Lounge in Park City, Utah.  Shares of National Beverage Corp., the maker of popular seltzer water LaCroix, skidded 16 percent after CEO Nick Caporella blamed a drop in sales and profit on “injustice.” The company’s …

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This bull market will not end with a massive pullback, Grantham says

Don’t expect a massive drop to signal the end of the longest bull market in history, investor and GMO founder Jeremy Grantham said Thursday. “This will be limping along; three steps down, two steps back. It’s not a typical experience,” Grantham, who is famous for calling the last two major …

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Tesla enters into agreement with Chinese lenders for Shanghai Gigafactory

Getty Images Tesla boss Elon Musk (L) walks with Shanghai Mayor Ying Yong during the ground-breaking ceremony for a Tesla factory in Shanghai on January 7, 2019. – Musk presided over the ground-breaking for a Shanghai factory that will allow the electric-car manufacturer to dodge the China-US tariff crossfire and …

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February’s jobs report could signal slower growth is just speed bump

February’s employment report is expected to show strong job and wage growth, and could signal that the economy’s slower growth in the first quarter is just a speed bump rather than a sign of trouble. The economy was expected to have added 180,000 jobs in February, and unemployment is expected …

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Eventbrite crashes 25% after giving weak revenue guidance

Brendan McDermid | Reuters Eventbrite CEO Julia Hartz speaks during an interview with CNBC following the company’s IPO at the New York Stock Exchange (NYSE), September 20, 2018.  Eventbrite shares plummeted after the company issued first-quarter revenue outlook well below Wall Street projections. The company said it sees first-quarter revenue …

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American Airlines grounds jets for overhead bin issue, cancels flights

Mike Fuentes | Bloomberg | Getty Images An American Airlines Inc. Boeing Co. 737-800 plane is displayed during an event at Dallas-Fort Worth International Airport in Fort Worth, Texas. American Airlines has taken more than a dozen of its Boeing 737 jets out of service due to problems with newly …

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