T-Mobile Us Inc. (NASDAQ:TMUS) has embarked on an ambitious project that seeks to ensure students don’t miss out on learning, even as COVID-19 continues to derail learning activities worldwide. The cellular service network provider has announced a $10.7 billion initiative that will deliver free internet connectivity to millions of students across the country. T-Mobile Free
A market selloff hit Thursday sending the markets tumbling downward with some of their biggest losses in months. The Dow Jones Industrial Average sank 2.8%, which was its biggest one-day decline since June 11. The S&P 500 slid 3.5%, and the Nasdaq Composite fell by 5%. The European Stoxx 600 closed the day down 1.4%.
Unilever is inching close to eliminating fossil fuels from its product line. The household good company has confirmed plans to invest €1 billion in cutting carbon emissions generated by chemicals used in the making of its household products. Unilever €1 Billion Fossil Fuel Reduction Plan As part of the clean future initiative, the company plans
Amazon.com, Inc. (NASDAQ:AMZN) could soon shorten delivery times to less than 30-minutes after securing a crucial regulatory approval. The Federal Aviation Administration has issued the e-commerce giant a certificate that paves the way for the company to start using drones to deliver items. The Part 135 Air Carrier certificate is of the company’s fleet of
Rising yields is the latest headache that the U.S Federal Reserve faces as it tries to reinvigorate an economy struggling to bounce back from the shackles of COVID-19. In recent days long term yields have risen to two-month highs, all but threatening economic growth. Rising Long Term Yields The 30-year had its finest run yet,
The Exchange Traded Fund market has been a buzz of activity in 2020 in the wake of the Federal Reserve cutting interest rates to record lows. Investors have continued to shun yields in favor of ETFs that continue to provide broad exposure to a stock market that shows no signs of slowing down, clocking record
Tuesday took the markets higher across the board, with the Dow Jones Industrial Average climbing 0.76%, the Nasdaq up 1.39%, and the S&P 500 rising 0.75%. The European Stoxx 600 was down 0.35% with travel and leisure shares among the worst performers. Amazon continues its growth and flirted with a share price over $3,500 today,
Yum China Holdings Inc. (NYSE:YUMC) is ready to bounce back from the ashes of COVID-19 that threatened its existence in the first half of the year. The Chinese restaurant juggernaut is plotting a secondary share listing in Hong Kong. The company is looking to raise more than $2.5 billion from the offering taking advantage of
PayPal Holdings Inc. (NASDAQ:PYPL) has once again moved to affirm its dominance in the payment business in response to the growing e-commerce trend. The payment giant has moved to give the Australian payment company Afterpay a run for its money in the fast-growing installment loan business. Push For Installment Payments Buy now and pay in
Markets today finished mixed for Monday. The Dow Jones Industrial Average was down 0.78%, while the S&P 500 slipped just 0.22% and the Nasdaq was up 0.68%. The European Stoxx 600 dipped 0.62% today. Zoom saw a big leap of 17% in extended-hours trading following their earnings reports. The Dow’s composition changed on Monday with
The oil industry is one of the hardest hit ever since the COVID-19 pandemic triggered lockdowns and social distancing policies. Demand for the black gold plunged to all-time lows with prices following suit and crashing below the negative level. Thus, it does not surprise that oil stocks followed suit, plunging, and struggling to bounce back
Microsoft Corporation (NASDAQ:MSFT), Walmart Inc. (NYSE:WMT), and Oracle Corporation (NYSE:ORCL) have been dealt a big blow in their push to acquire viral video-sharing app TikTok. Immediate reports indicate that ByteDance, the parent company behind the app, must seek authorization from China to complete any transaction that will result in the sale of the video-sharing app.
Bitcoin is one of the best performing alternative asset classes giving the stock market a race for its money. A 30% plus rally since the start of the year attests to strong demand for the flagship cryptocurrency that is increasingly arousing institutional investors’ interest. Buoyed by the digital asset strong demand, Fidelity Investment is reportedly
Thursday markets were mixed and the Dow briefly turned positive for 2020, before slipping back down before the markets closed. The Dow ended up being up 0.6%, while the S&P 500 inched 0.2% higher, and the Nasdaq fell 0.3%. The Stoxx Europe 600 Index fell 0.6% to 370.72, this was the biggest fall in a
London-based Railsbank is in the process of completing the acquisition of crypto and fiat currency payment provider Wirex. With the acquisition, Railsbank will assume the role of issuing all Wirex Visa cards for Asia pacific customers. Railsbank-Wirex Merger Part of the plan also involves Railsbank quietly migrating Wirex existing cards to its technology in the
The U.S real estate sector has come under immense pressure as the U.S economy faces its most significant contraction in recent years owing to the COVID-19 shocks. With more than 20 million Americans rendered jobless due to businesses’ shutdown and other economic activities, buying homes is no longer a priority. Millions of people are struggling
Federal Reserve Chairman Jerome Powell announced measures to control inflation at his annual speech on the U.S. central bank’s policy approach during the Jackson Hole Economic Policy Symposium on Thursday, August 27, 2020. Full Video: Federal Reserve Chairman Jerome Powell Annual Speech At The Jackson Hole Economic Policy Symposium on Thursday, August 27, 2020 As
Wednesday markets saw a few rallies, especially in tech, which seems to be the recurring story in recent months. The S&P 500 was up 1%, the Nasdaq jumped 1.7%, and the Dow Jones was up 0.3%. The Stoxx Europe 600 Index grew 0.9% to 373.12, the highest in two weeks. We did a deeper dive
US Treasury yields are steadily feeling their way towards the month’s high. Data released by the Department of Treasury shows that yields of all long-term notes are climbing. Both the 20-year and the 30-year notes registered four basis points higher each by the end of business on Tuesday. Short-term Treasuries seem to be moving in
Exchange-traded funds (ETFs) track benchmark indices. Although not all assets under management belong to the index, about 95% of them are selected directly from the index. ETFs are more like mutual funds, but the difference being that investors can easily buy ETFs off an exchange. Often, ETFs present a strong case for investment because of
The Tuesday markets by the numbers had the S&P 500 gain 0.35%, the Nasdaq jumped 0.76%, closed the day down 0.26%. The Stoxx 600 was down 0.30%. The Bloomberg Dollar Spot Index fell 0.3%. Despite its recent run, Apple, the tech giant, closed the session down about 0.8%. While shares of Facebook saw gains of
Blackstone Group has inked a deal to acquire Takeda Pharmaceutical co unit, Takeda Consumer Healthcare Company TCHC, focused on consumer healthcare. The deal valued at about $2.3 billion should help boost the Japanese company profit by about $1 billion. The deal is slated for closure in March of next year. Takeda TCHC Sell-Off According to
Chinese tech stocks are rallying, following in the footsteps of their counterparts in the U.S that are trading at record highs on shrugging COVID-19 concerns. While solid earnings have been a key driver of U.S tech stocks, in China, it is the relaxation of IPO tech rules that appears to be fuelling a buying spree
Markets were on the up and up on Monday ahead of the start of the Republican National Convention, where President Trump is expected to give four nights of speeches. Stormy weather and wildfires are expected to impact a good portion of the country this week. The Dow Jones jumped 1.4%, while the Nasdaq and S&P
Bitcoin has been on an impressive run gaining more than 30% since the start of the year as it continues to flirt with one-year highs of two one-year highs of 11,800. However, its hefty price is no longer the talk of the cryptocurrency space, a mantle it has held for years. Decentralized Finance (DeFi) token,
Jacquelyn Brittany a New York Times security guard who blurted “I love you” to Joe Biden in an elevator has become the first person to nominate Biden as the Democratic Party presidential candidate. In December last year, a video of the exchange between Biden and Brittany as she escorted him to a board meeting went
Microsoft Corporation (NASDAQ:MSFT) is widening its cloud infrastructure business after its $10 billion Joint Enterprise Defense Infrastructure contract was put on hold in the U.S. The software giant has reportedly opened talks with foreign governments. The company is planning to offer its cloud infrastructure similar to the one it provides to the U.S Department of
TikTok will not go down or accept to be acquired by a U.S company without a fight. ByteDance, the Chinese company behind the viral video sharing app at crossroads with President Donald Trump, is plotting a legal challenge. According to people familiar with the matter, the company is looking to challenge Trump’s executive order prohibiting
A pretty level Thursday in the markets, with the Nasdaq leading the charge, up 1.1%, while the S&P 500 gained 0.3%, and the Dow Jones climbed 0.2%. The Stoxx 600 European index dropped 1.07%. The Labor Department said Thursday that initial weekly jobless claims came in above 1 million, surpassing a Dow Jones estimate of
Real estate was the catalyst behind the 2009 financial crisis. Fast forward, the global economy is yet again on edge owing to the disruptions triggered by the COVID-19 pandemic. The U.S Real estate has been one of the hardest hit, with the epidemic, suffering its most significant contraction in recent years in the first half
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