Real Time Financial News Website
Zoom Video Communications’ shares surged to record highs on Friday, as bullish runs in the last hours of trading helped the company to close with a market capitalization of more…
Rolls-Royce has announced 9,000 job cuts – mainly in its civil aerospace wing – as a direct consequence of the coronavirus pandemic bringing the aviation industry to a shuddering halt.…
Video conferencing provider Zoom (ZM.O) plans to strengthen encryption of video calls hosted by paying clients and institutions such as schools, but not by users of its free consumer accounts,…
Sony is officially confirming its next PlayStation 5 event will be held on Thursday, June 4th. The event will begin at 4PM ET / 1PM PT, and Sony is promising…
Alphabet Inc’s (GOOGL.O) Google on Saturday said it has postponed next week’s planned unveiling of the beta version of its latest Android 11 mobile operating system in light of protests…
Florida officials have approved plans for a phased reopening of Walt Disney World (DIS.N) in Orlando starting on July 11, according to a memo from a state agency released on…
Upscale department store chain Nordstrom Inc (JWN.N) on Thursday reported a nearly 40% slump in quarterly sales, as lockdowns to contain the COVID-19 pandemic shut stores. Measures to contain the…
French carmaker Renault is poised to announce 15,000 layoffs worldwide on Friday as it unveils a plan to boost its profitability and cope with faltering sales, a representative for the…
Boeing said it would resume manufacturing the troubled 737 Max airplane after a nearly five-month hiatus. The aerospace company said it would restart production “at a low rate as it…
Abercrombie & Fitch said Thursday its sales tanked 34% during the first quarter because of store closings during the coronavirus pandemic and people purchasing less apparel as they holed up…
Uber is scrapping thousands of electric bikes and scooters worth millions of dollars after selling its Jump unit to mobility start-up Lime earlier this month. The firm said it decided…
Nissan Motor Co outlined a new plan on Thursday to become a smaller, more cost-efficient carmaker after the coronavirus pandemic exacerbated a slide in profitability that culminated in its first…
Amazon.com Inc (AMZN.O) plans to offer permanent jobs to about 70% of the U.S. workforce it has hired temporarily to meet consumer demand during the coronavirus pandemic, the company told…
Tesla has reduced the price of the Model 3, Model S, and Model X in North America, Electrek reports. The Model S and X both saw $5,000 price cuts to…
Disney said Wednesday it has proposed a phased reopening of its Florida-based theme parks in July. Walt Disney World’s Magic Kingdom and Animal Kingdom are expected to be the first…
Huawei Technologies Co’s Chief Financial Officer Meng Wanzhou was dealt a setback by a Canadian court on Wednesday as she tries to avoid extradition to the United States to face…
Ad budgets were already shifting from TV to digital before the coronavirus pandemic, but that’s going to speed up, according to a Europe-focused report by Goldman Sachs. “Overall, we expect…
Boeing is planning to lay off more than 6,000 employees this week in an effort to slash costs as the coronavirus pandemiccontinues to devastate the air travel and aerospace industries.…
Renault (RENA.PA), Nissan Motor Co (7201.T) and Mitsubishi Motors Corp (7211.T) ruled out a merger on Wednesday and doubled down on a plan to cooperate more closely on car production…
WarnerMedia’s new online video service, HBO Max, launched United States on Wednesday. The new video service is taking on Netflix, Disney+, Disney’s Hulu, NBCUniversal’s Peacock and other apps that let…
Warner Music Group (WMG), the record label of Ed Sheeran and Bruno Mars, estimates it is worth up to $13.2bn (£10.7bn), as it prepares to list its shares on the…
French carmaker Renault (RENA.PA) is about to announce plans to cut 5,000 jobs by 2024 in its drive to save 2 billion euros ($2.20 billion) in costs, according to a…
Apple plans to open approximately 100 stores in the United States this week, a company representative told CNBC. In total, about 130 out of 271 Apple Stores in the United…
The McLaren Group, which owns the Formula 1 team and supercar maker, has announced plans to lay off 1,200 staff, or roughly 25% of its workforce. The proposed cuts at…
Macy’s Inc (M.N) said on Tuesday it planned to raise $1.1 billion in a bond offering, backed by a first mortgage on some of its properties, to repay funds borrowed…
Aircraft leasing company BOC Aviation, controlled by the Chinese state, has become a major shareholder in Norwegian Air Shuttle as part of the ailing airline’s rescue plan, Norwegian said Wednesday.…
The alliance of Renault SA and Nissan Motor Co. is set to disclose billions of dollars in cost cuts this week and Nissan is looking to slash capacity by an…
Tech giants could be forced to pay higher taxes in Europe as governments search for new revenue to deal with the ongoing coronavirus crisis, three experts told CNBC. Taxing tech…
Fashion week is over, according to Gucci. In a virtual press conference broadcast from his Rome studio, the label’s creative director, Alessandro Michele, announced that Gucci was slashing the number…
The German government and Lufthansa, which has been hit hard by the coronavirus pandemic, have reached a preliminary deal on a 9 billion euro ($9.8 billion) bailout. The airline has…