Archive | Markets

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Streaming service Spotify hits 100 million paid user mark

But its first-quarter loss was 79 cents a share, wider than the 41-cent loss analysts expected. After a brief rise, the stock fell as much as 2 ...

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Google’s parent company, Alphabet, makes over $36 billion in Q1 2019

Shares of Alphabet dropped 7 per cent after hours after closing up 1.5 per cent at a record-high of $1,296.20. They had expected first-quarter...

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Burger King to roll out Impossible Whopper across U.S.

Crucially, the Impossible Burger seems to be attracting new customers to Burger King who normally wouldn't eat there in the first place; rather ...

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Jaguar Land Rover trialling a crypto 'Smart Wallet'

Jaguar Land Rover is piloting the use of IOTA coin in their vehicles to offer value to drivers willing to share the information collected by ...

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Amazon Making 1-Day Shipping Standard

Now, Amazon says it wants to make one-day the standard for all Prime members, the report noted. "We're now working on evolving our Prime free ...

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Strike-hit SAS cancels 1200 more flights on Monday and Tuesday

The flag carrier of Denmark , Norway and Sweden said more than 170,000 passengers have been affected since the open-ended strike started on Fri...

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Intel puts modem business up for sale, held talks with Apple

Intel had been working on a chipset for the iPhone maker, with the chip expected to be in iPhones by 2020. The company's cash balance has bee...

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WPP sales fall after major U.S. client losses

The world's largest advertising group revealed a fall of more than 8 per cent in its American revenues yesterday after losing several key acco...

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Ford Invests USD 500 Million in Startup: Rivian

A company spokesman declined to provide a valuation for the company, but investor website Dealroom.com estimates Rivian's value at $5 billion ...

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Debenhams to close these 22 stores - including one in Scotland

Which Debenhams stores are set to close? The CVA proposals provide a mechanism to restructure the store estate in line with the plan outline...

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Another sleeping rocker recalled after 5 infant deaths - Newswatch

Fisher-Price recalled its popular Rock n Play due to infant deaths, as well. The sleepers were sold by major retailers including Walmart , ...

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Putin: Russia Won't Immediately Raise Oil Output After Iran Waivers End

This decision comes at a time when the price of the Indian crude basket - an average of the Dubai, Oman and Brent crude benchmarks - has been ri...

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Apple is Recalling Old Wall Plugs for Safety Reasons

The adapters affected by the recall are white wall plugs with three-prongs. The three pronged plugs sold between 2003 and 2010 with Apple's ...

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Indian Law Makers Call for Immediate Ban on Bitcoin and Cryptocurrency

When it comes to countries that are not receptive to cryptocurrencies , we have India on one hand and China on the other hand. At the moment, t...

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Slack Files for Direct NYSE Listing and Sidesteps Traditional IPO

Visit Business Insider's homepage for more stories . Cloud-based collaboration company Slack has filed to pursue a direct listing on the ...

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Exxon’s 1Q profit tumbles 49% partly on higher spending

That has weighed on the margins refiners earn on each barrel of oil they process into fuels such as gasoline and diesel. It also continued a hea...

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Dow futures hit by 3M results; upbeat tech results support Nasdaq

The stock exchange has experienced a rally this year because the Federal Reserve has stated that it's halting its strategy to raise interest rat...

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Bitfinex accused by NY authorities of trying to mask US$850m loss

In 2015, NY created the BitLicense, a special permit that applies to virtual-currency exchanges that has sometimes drawn criticism from crypto v...

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NY investigating Facebook over storage of 'unauthorized' email contacts

The investigation was first reported by the New York Times . Earlier in April, Business Insider reported that after asking some users for...

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Apple recalls three-prong wall adapter due to risk of electrical shock

If you're still using the adapter as shown on the left side, you're advised to exchange it for a new one for free. It's not clear, though, just ...

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Lucara recovers 1758-carat diamond in Botswana

A Canadian company running the Karowe diamond mine in central east Botswana said the retrieved stone was one of the largest diamonds ever to...

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Lego testing new product to help visually impaired kids learn Braille

John Goodwin, chief executive of the Lego Foundation, explained the toy maker's goal for the new blocks. They will be provided for free to sel...

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Elon Musk reaches deal with SEC over Twitter use

The bark ended up being worse than the bite. They also argued the settlement was too ambiguous for Musk to be held in contempt . While deli...

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Poland halts oil imports from Russian Federation over quality concerns

The company notes that OJSC "Gomeltransneft Druzhba" (Belarus) on Friday, April 26, will convene in Minsk emergency meetings of top managers of ...

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American expects $350 million hit from grounded Boeing plane

As for 737 MAX, the planes are expected to remain grounded at least until August 19, affecting approximately 115 flights per day or 2% of the ai...

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Elon Musk and SEC settle dispute over Telsa CEO's tweets

Musk said he hadn't violated the agreement. The two sides filed late Friday to amend the settlement agreement reached a year ago over the "f...

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UK regulator blocks Sainsbury's Asda takeover

Both Sainsbury's and Asda issued statements on Thursday, saying they have mutually agreed to terminate the transaction but expressing disappoi...

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Subscribers Swarm Netflix In Record Numbers

According to the survey, only about 17% of Netflix users said the SVOD service was the best place for original programming in 2014, while 40% ...

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Ford faces USA criminal investigation over vehicle emissions

Ford on Friday announced as part of a US Securities and Exchange Commission filing that it's now subject to a criminal investigation from the De...

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Amazon's Alexa Not Only Listens To You But Knows Where You're Located

The discovery raised concerns about how well a user's personal information and privacy could be maintained if workers were able to just listen i...

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