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Wednesday, November 13, 2019
Apple, one of the world’s top tech companies, is experiencing more sluggish trading than it’s accustomed to. The lag is likely due to the ongoing trade war.While Apple’s third-quarter earnings were higher than expected, the company’s stock is only mildly elevated. Investors still seem...
Citigroup reported better than expected earnings results this week for the third quarter. The bank report earnings of $1.97 per share, better than the $1.95 anticipated. Revenue of $18.6 billion beat the anticipated $18.545 billion analysts expected.Currency, commodities, and fixed income trading were...
Uber has laid off around 350 of its workers across several divisions, including Uber Eats. This marks the third time the company has laid off since August. Uber’s product, engineering, and marketing teams were hit the hardest in its earlier layoffs.  The latest layoffs are impacting those...
Wells Fargo announced that it plans to boost its mortgage processing division by bringing on new hires. The San Francisco-based financial services company says that it’s bringing new employees on board as it prepares for higher mortgage volumes that are expected due to lower mortgage rates.
Delta Airlines has announced that it intends to expedite its hiring process to meet unexpected demands. The Atlanta-based airline says the increased demand was fueled by a surprising third-quarter profit. The airline hopes to hire more flight attendants, pilots, airport staff, and reservation agents.
General Electric announced on Monday that effective January 1, 2021, it would be freezing approximately 20,000 of its employees’ pension plans to reduce its deficit. Employees with salaried benefits will be affected.Through the leadership of CEO Larry Culp, the multi-industry conglomerate has been...
Paypal announced Friday that it would be leaving Libra Association in wake of an announcement to launch a digital currency on Facebook. Libra is an open-source community seeking to develop financial products that promote financial inclusion worldwide. They are the leading force behind the Facebook effort to...
Samsung Pay users in the U.S. will now be able to send money transfers to international friends and relatives. Samsung is partnering with Finabir, a financial technology company, to deliver the new services, which will make money transfers possible from the U.S. to 47 countries around the...
Amazon announced today that it will be releasing a new line of products that enable voice functions, including eyeglasses, earbuds, and a ring. The products will feature multilingual functionality for Alexa, a new range of voice-controlled Echo speakers, and a privacy feature that will allow the user...
Regulators and lawmakers around the world are having growing concerns over Facebook’s coming digital currency, libra. The primary concerns revolve around possible disruption of the world’s financial system and increased competition for sovereign currencies, such as the dollar. Facebook has countered that argument by...