Real Time Financial News Website
Ford Motor and Volkswagen plan to share production of 8 million commercial vehicles as part of an expanded alliance between the two automakers. Assembly of the vehicles is expected to…
Goldman Sachs’ digital bank Marcus has paused applications for its easy-access savings account in the U.K. because of a surge in deposits during the country’s coronavirus lockdown. New British customers…
New streaming service HBO Max has removed the epic 1939 movie “Gone With the Wind” from its schedule, saying it showed “ethnic and racial prejudices.” The movie will return to…
The world’s largest fashion group, Inditex, reported its first quarterly loss Wednesday, as it described being “materially impacted” by the coronavirus pandemic. The company, which owns Zara, reported a net…
CrossFit Inc founder Greg Glassman stepped down as chief executive on Tuesday, days after he apologized for his tweet on the killing of an unarmed black man as it drew…
Jack Dorsey, the CEO of Twitter and Square, tweeted on Tuesday that both companies will honor Juneteenth as a company holiday in the U.S., the latest effort among tech leaders…
Think of all the moments when you’ve debated whether you really need to send an emailright now. Maybe you’re afraid you’ll forget about it if you don’t do it right…
British retailers will be allowed to reopen on June 15, subject to social distancing guidelines, business minister Alok Sharma said on Tuesday. “This is the latest step in the careful…
Chanel, Revlon and L’Oreal, three of the biggest brands in cosmetics, are quietly moving away from using talc in some products as U.S. cancer lawsuits and consumer concerns mount Luxury…
Emirates has extended 50% salary cuts until September as the Dubai-based carrier steps up measures to preserve cash, according to an internal memo. The basic salary reduction, which took effect…
When Derrick Palmer learned that his supervisor at Amazon had the coronavirus, he immediately notified the company. “I told them that I was in contact with this person, that I…
Instagram says its terms of service don’t grant websites a sublicense to embed other people’s posts. Ars Technica reported yesterday that Instagram’s policies “require third parties to have the necessary…
Amazon CEO Jeff Bezos on Friday expressed support for the Black Lives Matter movement by posting an email exchange with an upset customer. In an Instagram post, Bezos posted a…
Facebook Inc has started a workstream for building products to advance racial justice in response to the ongoing protests in the country, Chief Executive Officer Mark Zuckerberg said on Friday.
Apple is offering employees Covid-19 nasal swab tests as they return to work, according to a Bloomberg report which cited people familiar with the process. Employees will also have their…
The UK arm of Victoria’s Secret has fallen into administration, putting more than 800 jobs at risk. The chain, famous for its fashion shows, has 25 shops in the UK,…
Slack Technologies Inc (WORK.N) on Thursday withdrew its 2021 billing outlook and reported a 50% jump in quarterly sales that failed to surpass lofty investor expectations driven by a surge…
Gap Inc <GPS.N> on Thursday reported a whopping first-quarter loss of $932 million as the apparel retailer wrote down the value of some assets due to coronavirus-driven store closures, sending…
Slack and Amazon are deepening their partnership. Under a new deal announced Thursday, all Amazon employees will have access to Slack’s workplace collaboration tools. In addition, Slack will deepen its…
Luxury carmaker Bentley is to cut 1,000 jobs in the UK, the BBC understands. The firm, which makes most of its cars in Crewe, is expected to offer workers the…
General Motors Co is developing an electric van aimed at business users, joining a growing list of carmakers planning EVs for the same segment which includes customers such as Amazon.com…
Amazon.com (AMZN.O) is in early-stage talks to buy a stake worth at least $2 billion in Indian mobile operator Bharti Airtel (BRTI.NS), three people with knowledge of the discussions told…
The money-making stay-at-home stock trade of 2020 — fueled entirely by the push of people into quarantines because of the COVID-19 pandemic — may be poised to cool down in…
A Tesla employee has tested positive for COVID-19 at the company’s solar panel factory in Buffalo, New York, according to an employee at the factory who spoke to The Verge…
EasyJet says it hopes to resume flights on 75% of its route network by the end of August, although the number of daily services will still be significantly down for…
has cut the prices of its latest iPhones in China ahead of a major online shopping festival as it looks to continue the momentum it has seen following the gradual…
Dozens of Facebook employees staged a virtual walkout on Monday in protest of the company’s decision not to take action against incendiary posts by President Donald Trump last week, according…
On Wednesday, May 27, Chevron Corp. broke the news of plans to lay off between 10 to 15% of its global workforce of 45,000. According to Reuters, which was first…
Goldman Sachs has begun to establish short positions on the dollar as the reopening of economies is expected to lure investors out of the traditional safe-haven currency. In a note…
European manufacturers may be over the worst of a coronavirus-driven downturn, but Asia’s pain deepened in May due to a slump in global trade, with export powerhouses Japan and South…