Foreign governments pulled back their purchase of longer-term U.S. debt as trade tensions escalated around the world. The declines are relatively small so far for notes and bonds — just shy of $5 billion each for March and April, the most recent months for which Treasury data is available — but it signals a potentially […]
Read moreLate on a recent night, more than 600,000 people watched one of the most popular video game players, Tyler Blevins, engage in Fortnite Battle Royale with a celebrity guest: Drake. Mr. Blevins streams his near-daily video game sessions live on Twitch, a website acquired by Amazon in 2014 for $1.1 billion. He makes more than […]
Read moreAmy Garvoille wanted to get back into the gym. She was looking for a routine and stumbled upon a fitness app called Aaptiv. It offers audio workouts where trainers coach users through the moves and encourage them throughout the session. Garvoille signed up for a free trial and was hooked after two workouts. “I’ve never […]
Read moreIntel’s sales growth in the data center market will slow this year, according to a small Wall Street firm. Northland Capital Markets lowered its rating to underperform from market perform for Intel shares, citing rising competition from AMD and Nvidia. “Workloads in Data Centers are shifting to AI. This we believe is increasing the use […]
Read moreShares of Rent-A-Center soared more than 20 percent on Monday after the rent-to-own retailer announced it is being acquired by Vintage Capital Management. Vintage Capital will pay $15 per share in cash for the company, which went public back in 1995. Including debt, the deal is valued at around $1.37 billion. The acquisition is expected […]
Read moreSnap CEO Evan Spiegel isn’t worried about Facebook‘s frequent imitations of his app features, saying Monday, “the innovators win in the long run.” “I think usually when the innovators win is when a really big platform shift happens, which is why we’re investing so heavily in things like augmented reality,” Spiegel told CNBC’s Julia Boorstin […]
Read moreCurrency, United States Finance
Amazon to add over 1,000 jobs in Ireland in country's biggest staff boost this year
Amazon will add more than 1,000 new jobs in Ireland over the next two years, the U.S. online retail giant said on Monday, taking its workforce to more than 3,500 in a country that continues to be a magnet for major technology firms. The move was the largest by a multinational company in Ireland this […]
Read moreThe U.S. Supreme Court on Monday agreed to take up Apple‘s bid to escape a lawsuit accusing it of breaking federal antitrust laws by monopolizing the market for iPhone software applications and causing consumers to pay more than they should. The justices said they would hear Apple’s appeal of a lower court’s ruling that revived […]
Read moreJ.P. Morgan believes Micron shares can go higher even after its stunning rally. The firm reiterated its overweight rating for the chipmaker’s shares, citing strong demand for memory chips in the cloud computing market. “Stay long Micron heading into earnings. We see further upside in Micron shares as the team is executing well in an […]
Read moreBavaria’s Christian Social Union (CSU) on Monday gave German Chancellor Angela Merkel two weeks to reach a European deal on migrants before they would demand immigration curbs that could fracture her governing coalition. The CSU leadership agreed on Monday to delay until after a June 28-29 European Union summit the introduction of an entry ban […]
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