Streaming worldwide demand, supply outages, and international political tension have stoked fears around crude supplies. They caused an increase in oil prices to the highest levels in seven years. Some crude prices even hit $100 per barrel. That has brought in more consumers of U.S. oil, rising exports, and decreasing domestic crude stockpiles. U.S. seaborne …
Peloton Interactive Inc. said late Thursday that it is considering resizing its workforce and resetting production levels. The statement came after CNBC reported that the company would temporarily halt manufacturing some connected fitness equipment. According to the publication, Peloton will pause the production of its $1,495.00 lower-end bike from February to March. The stoppage came …
Peloton Plans to Cut Workforce and Reset Production Read More »
The markets had a great year in 2021. Stocks were up to new record highs, driving investors’ wealth further up. However, with the recent developments in the ongoing global health crisis, investors worldwide grew concerned, and markets entered a significant correction. The worry and uncertainty carried on in 2022 and resulted in the markets starting …
4 Things Your Investment Portfolio Needs in 2022 Read More »
Shares of Netflix Inc. slumped 20.28% on Thursday extended trading after it reported weaker first-quarter guidance on subscriber growth. The American streaming giant lost 103.05 points to $405.20 per share, wiping almost all its pandemic-fuelled gains. The downturn also trailed its fall of 1.48% or 7.61 points to $508.25 per share in the regular trading …
Alphabet Inc.’s Google said that it would heighten its enforcement of an age-sensitive ad policy in conformance with UK regulations. The move came after reports found advertisements for sex toys, liquor, and high-risk investments in its search engine. Correspondingly, the tech giant responded to address the issue immediately. It also explained there is a mislabelling …
Google to Refine Pursuance of Children’s Ads Policy Read More »
eToro, one of the world’s most popular social investing platforms, has expanded its presence in the United States with several new U.S. equities and ETFs. eToro customers will be able to diversify their portfolios by making investments in stocks and exchange-traded funds (ETFs) in addition to a diverse range of cryptocurrency assets. Despite the growing …
eToro Includes US Stocks and EFTs in its Investment Offering Read More »
Shares of United Airlines Holdings plummeted in extended trading after it forecasted lower capacity due to the surge of coronavirus cases. The Chicago-based company shed 1.94% or 0.86 points to $43.54 per share. It trailed its drop of 2.65% or 1.21 points to $44.40 per share in the regular-hours session. Accordingly, it outperformed the market …
United Airlines Stocks Down on Lower Capacity Outlook Read More »
SoFi Technologies Inc. announced late Tuesday that it scored the final regulatory approval to become a bank holding company. The Office of the Comptroller of the Currency (OCC) and Federal Reserve granted the online lending platform a US banking charter. The financial-tech company must acquire California community lender Golden Pacific Bancorp Inc in conditional approval. …
SoFi Receives Regulatory Approval to Become a Bank Read More »
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