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Monday, March 8, 2021
Learjet, the aircraft that was once revered by big-named celebrities such as Frank Sinatra, is putting an end to its production line. Canadian jet manufacturer Bombardier announced on Thursday that it would focus more attention on its Challenger and Global aircraft, which are seeing more profit. Bombardier...
In what is the latest round of layoffs, Charles Schwab announced on Wednesday that it would be letting go nearly 200 more workers as it merges with TD Ameritrade and integrates its workforces. Last October, Schwab laid off 1,000 of its workers. Most of the laid-off workers...
Amazon is working with the National Intellectual Property Rights Coordination Center (NIPRCC) to crack down on the sale of fake Super Bowl goods. The NIPRCC is a government watchdog agency that in part targets counterfeit activities. The U.S. Immigration and Customs Enforcement oversees the NIPRCC.
Apple is said to be getting closer to a deal with Hyundai-Kia to produce the so-called Apple Car. The automobile would have the Apple branding, and it would be a fully autonomous electric vehicle. According to unnamed sources, a Kia manufacturing plant in Georgia would assemble the...
Amazon has announced that its Founder and CEO, Jeff Bezos, will be stepping down and transitioning as executive chairman. The move will happen during the third quarter of this year. Andy Jassy, CEO of Amazon’s subsidiary, Amazon Web Services, was named Bezo’s successor in the chief executive...
The largest U.S. vehicle manufacturer said it plans to switch its offerings by 2035 and end its production line of automobiles, SUVs, and trucks. Instead, General Motors said it would offer only electric vehicles by that time and leave behind an era of gasoline and diesel-powered engines.
More than 200,000 of Bank of America’s employees just got word that they’ll receive a nice little bonus next month. The company’s CEO, Brian Moynihan, sent out a memo stating that U.S. workers who make less than $100,000 a year will receive $750 in cash, while higher...
GameStop may be the stock that everyone on Wall Street loves to hate, but there was no indication of that during last week’s rally on Wall Street. The video game and consumer electronics merchandiser’s stock soared by almost 70 percent on Friday alone. Its Friday high reached...
At the beginning of  2020, crypto firm Grayscale began the year with $2 billion of assets under its management. By the end of 2020, it had $20.2 billion in assets. Last year marked a pivotal turning point for digital currencies as institutional investors began showing more interest...
London-based fintech Curve recently raised $95 million in a funding round led by Vulcan Capital, IDC Ventures, and Fuel Venture Capital. Other investors were Novum Capital and OneMain Financial.  The round was a Series C funding round. Curve, which initially began in Ireland and...