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Disney lays off 28,000 workers across U.S. Disneyland parks

[today 1:20 PM] Major layoffs have become the norm for many companies around the world. Some of the industries worst affected by the pandemic and requiring the most in terms of layoffs have been the travel and tourism industries. In particular, airlines have…

Alphabet’s Fitbit deal may get green light in EU

[yesterday 2:02 PM] There might be a sticky wicket in Google/Alphabet’s proposed acquisition of Fitbit for $2.1 billion.   On the other hand, the move seems to make sense to some market analysts in terms of offering a sort of symmetry – where Apple Watches can sync…

Coronavirus vaccine trial from Inovio has been put on hold

[yesterday 1:43 PM] Inovio Pharmaceuticals (NASDAQ: INO) started off the year as one of the most hyped-up coronavirus stocks out there. The company, which received funding from the Bill and Melinda Gates Foundation among other sources, was one of the first biotech…

Americans reject digital dollar?

[Sep 28 1:38 PM] A new study from a firm called Genesis Mining finds that Americans are not ready for a central bank digital coin, at least as a practical matter.   “A survey conducted by Genesis mining discovered that out of the 400 participants, less than 25%…

Federal judge blocks Trump’s TikTok download ban

[Sep 28 1:29 PM] The ongoing TikTok deal between Oracle (NYSE: ORCL), Walmart (NYSE: WMT) and ByteDance has been one of the biggest pieces of business news going on at the moment. Oracle ended up beating out Microsoft as the main buyer for the social media…

Wall Street futures point to a slightly lower open

[Sep 25 12:53 PM] Stocks set for choppy trading U.S. stock futures were mildly lower on Friday morning as traders remained cautious over the aggravating coronavirus pandemic. The growing uncertainty about post-Election Day chaos also added to the jitteriness in…

Sunwork stock up 240% as traders jump on EV battery craze

[Sep 25 12:49 PM] The past couple of days have seen a peculiar craze in the small-cap, renewable energy sector. With electric vehicles becoming all the more popular alongside companies like Tesla, investors are looking for other companies closely related to this…

Samsung wins Verizon 5g contract

[Sep 24 5:15 PM] Samsung is inking a deal with Verizon with a new $6.64 billion order for 5G equipment.   “A small player until recently in the telecom equipment business, Samsung has gained ground in recent years and is challenging the dominance of Nokia and…

Johnson & Johnson in final stages of coronavirus vaccine trials

[Sep 24 12:36 PM] There are well over 100 separate coronavirus vaccines currently in development, with many of them already close to being completion. One of the biggest companies working to develop a treatment in this area is Johnson & Johnson (NYSE: JNJ)…

Binance total 2020 trade volume hits $1 trillion

[Sep 23 3:31 PM] Today, Binance reports $1 trillion of trading volume this year. As a leader in cryptocurrency derivatives, Binance has gotten quite a bit of fame as a major exchange for these types of trading options. Fans of the firm cite a great work culture and…

Stocks set to open higher on Wednesday

[Sep 23 12:57 PM] Futures point to positive start U.S. stocks are set to open in the green on Wednesday even as market participants continue to monitor rise in coronavirus cases across Europe. On Tuesday, U.K. Prime Minister Boris Johnson told the public to expect…

Europe’s bank releases guide to stablecoins

[Sep 22 5:18 PM] News today shows the European Central Bank is coming out with some additional guidance on stablecoins that investors may find welcome. There’s an excellent point being made in a new study on the use of stablecoins that suggests they really…

Carvana seeks to stun with online car sales model

[Sep 22 2:45 PM] There’s a dark horse stock in a corner of the automotive tech industry that some investors might not be paying attention to.   Carv People are getting back to the business of upgrading their transportation after coronavirus closures impacted…

Nikola founder steps down over fraud allegations

[Sep 22 12:37 PM] Electric car companies have been some of the most anticipated businesses to emerge on the market in recent years. Despite a turbulent few years, Tesla has managed to emerge stronger than ever in 2020, in contrast to what naysayers were saying. Now…

Will battery day results be good news for Tesla?

[Sep 21 4:29 PM] Investors who are still sticking with Elon Musk’s groundbreaking electric car company, or just now getting interested in Tesla’s stock, are hoping the firm gets a boost from its upcoming ‘battery day’ event tomorrow.   Musk is slated to

Trump approves Oracle and Walmart takeover of TikTok

[Sep 21 12:36 PM] One of the biggest pieces of business news that investors are following is the acquisition of TikTok, perhaps the fastest-growing social media platforms out there. Due to its Chinese ownership, the Trump administration has mandated the company…

Vanguard EC analysts urge Europe to move on 5G

[Sep 21 11:44 AM] Officials in the European Union are suggesting EU member nations need to ‘get with it’ in preparing for new 5G networks, to enhance IT services and increase broadband capabilities across the continent. New reports today show Brussels (EC) talking…