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Futures Look Positive As Report Says US-China Trade Deal Coming Soon
Wednesday, December 4, 2019 - 6:07am | 195The U.S. futures market rose early Wednesday morning over the news that the phase one of the trade deal between the U.S. and China could be coming soon. What's The Deal? Sources close to the White House told Bloomberg that the trade deal could come before the December 15 deadline...
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Get Your French Fry Fix Now Before A Potential Shortage
Tuesday, December 3, 2019 - 2:56pm | 333Potato farmers are suffering from cold and wet weather conditions and this could impact your side order of French fries. What Happened Potato farmers in Alberta and Idaho were first to feel the impact of cool conditions in October but were able to salvage some of their damaged crops for storage,...
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Esports Hits The Big Time: Top 'Counter-Strike' Team Plans Danish IPO
Tuesday, December 3, 2019 - 2:39pm | 567A Danish esports group is about to become the first public gaming team company when it lists on a Copenhagen exchange next week. Denmark's Astralis, a media company that owns the top team in the world in the first-person shooter game "Counter-Strike: Global Offensive," plans a to...
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End Of An Era: What To Make Of Jony Ive's Departure From Apple
Monday, December 2, 2019 - 12:00pm | 687Jony Ive, Apple Inc.'s (NASDAQ: AAPL) longtime chief design officer, on June 27 announced his plans to leave the iPhone maker to start his own independent design company of which Apple will be a client. Ive's name was offically removed from Apple's website on Nov. 28. Writing...
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Morgan Stanley Trading Losses Point To Need For 'More Fundamental Changes,' Finance Professor Says
Friday, November 29, 2019 - 2:49pm | 357Morgan Stanley (NYSE: MS) showed four traders the door after they reportedly tried to hide between $100 million and $140 million in trading losses, according to Bloomberg. What Happened Four traders were fired from Morgan Stanley for allegedly mismarking securities that concealed a nine-digit...
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With Michael Bloomberg Running For President, What Happens To The Bloomberg Newsroom?
Wednesday, November 27, 2019 - 3:34pm | 682Michael Bloomberg threw his hat in the ring for the Democratic presidential nomination. The businessman and former New York City mayor who's worth $53 billion brings the number of candidates seeking the party's nomination to 18. “I know how to win, because I’ve done it time and...
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This Country Sees The Biggest Stock Market Growth In 2019
Wednesday, November 27, 2019 - 6:28am | 314Greece is headed to set the largest stock market growth in the world for the financial year 2019, Bloomberg reported on Wednesday. Largest Growth In Decades The country, which is still reeling from the debt crisis spurred by the financial crisis of 2007-2008, has seen its Athens Stock...
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Google Fires Four Employee Activists For 'Data Security Breach'
Tuesday, November 26, 2019 - 4:14am | 448Alphabet Inc.’s (NASDAQ: GOOGL) subsidiary Google LLC fired four employees over “clear and repeated violations” of the company’s “data security policies,” an internal memo accessed by Bloomberg on Monday showed. What Happened Google said that the...
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Alibaba Shares Surge In Hong Kong IPO Debut
Monday, November 25, 2019 - 11:15pm | 269Alibaba Group Holding Limited (NYSE: BABA) made an impressive homecoming debut at the Hong Kong Stock Exchange on Tuesday (Beijing time). Price Action The Chinese e-commerce giant’s shares opened at about $23.89, 6.25% higher than the $22.49 it priced its shares at the initial public...
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LVMH's Sparkling Acquisition: Experts On Why Buying Tiffany Is Wise
Monday, November 25, 2019 - 12:57pm | 551U.S.-based luxury jewelry retailer Tiffany & Co. (NYSE: TIF) has agreed to sell itself to LVMH Moet Hennessy Louis Vuitton (OTC: LVMUY) in a deal that was applauded by two experts. Tiffany Addresses LVMH's 'Weak Spot' LVMH boasts a lot of strength in ultra-high end...
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China President Is Eager To Finalize Trade Deal
Friday, November 22, 2019 - 5:55am | 422China’s President Xi Jinping said on Friday that the country wants to finalize the phase one of the trade deal with the U.S. and has been trying to avoid the trade war from the beginning, Reuters reported. What Happened “We want to work for a phase one agreement on the basis of...
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Tiffany Appoints Former Barneys CEO As Chief Brand Officer
Thursday, November 21, 2019 - 12:14am | 287Jewelry retailer Tiffany & Co. (NYSE: TIF) has hired former Barneys New York Inc. chief executive officer Daniella Vitale. What Happened Vitale will join Tiffany as its chief brand officer starting December and oversee the company’s global merchandising and marketing strategy, the company...
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Burger King Sued Over 'Impossible Whopper' Possibly Not Being Vegan
Wednesday, November 20, 2019 - 3:16am | 325Fast-food chain Burger King has been taken to court by a Georgia man for falsely advertising its “Impossible Whopper” burger as meat-free. What Happened With The Impossible Whopper Philip Williams, in his petition, said Burger King violated Florida’s Deceptive and Unfair Trade...
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Senate Passes Bill To Support Hong Kong Protestors
Wednesday, November 20, 2019 - 12:17am | 277The U.S. Senate has unanimously passed a bill to support the cause of Hong Kong protestors against China’s interference in the semi-autonomous city. What The Senate Passed The bill will require the U.S. Secretary of State to certify every year that Hong Kong retains sufficient autonomy from...
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WeWork Faces Another Investigation Over Neumann
Tuesday, November 19, 2019 - 1:21am | 406Co-working space startup WeWork is being investigated by the office of the New York State Attorney General, Reuters reported on Monday. What Happened The Attorney General Letitia James is looking into whether the startup’s former CEO and co-founder Adam Neumann engaged in self-...