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Amazon Sees Surge in Sales Following Acquisition of Whole Foods

Amazon Sees Surge in Sales Following Acquisition of Whole Foods

Amazon.com Inc. said on Thursday that sales had surged during the summer and that its profit sped past expectations, as shoppers flocked to promotions on its “Prime Day” and purchased groceries at its recently acquired Whole Foods... 
U.S. Regulators Sue Rio Tinto and Two Former Executives

U.S. Regulators Sue Rio Tinto and Two Former Executives

The U.S. Securities and Exchange Commission on Tuesday filed suit against Rio Tinto and two of its former top executives claiming they misled investors over the value of coal assets in Mozambique obtained in an acquisition gone bad... 
Slack Raises Financing That Values Business at $5.1 Billion

Slack Raises Financing That Values Business at $5.1 Billion

Slack raised another big round of new financing that has valued the business at over $5 billion. The leader of the new round of financing was Japan-based SoftBank, which is appears has been investing in numerous companies of late. It... 
China Wants to End Gas and Diesel Vehicles

China Wants to End Gas and Diesel Vehicles

China is the largest auto market in the world and is currently putting together a detailed plan that would ban the manufacturing and sale of vehicles that are powered just by fossil fuels, said officials on Monday. The government of... 
Toys ‘R’ Us Weighing Possible Bankruptcy

Toys ‘R’ Us Weighing Possible Bankruptcy

Toys ‘R’ Us has hired advisers specializing in restructuring at a law firm as it attempts to handle debt that has reached millions of dollars, that is coming due, said a pair of sources who know the situation. Amongst options the... 
HPE Revenue Increase Comes After Trimming Costs

HPE Revenue Increase Comes After Trimming Costs

Hewlett Packard Enterprise has emerged from its aggressive slimming down efforts, reporting quarterly sales that were stronger than had been expected on strong demand for storage gear and servers that help in data centers’ operations. Revenue... 
Gasoline Prices in U.S. Plummet

Gasoline Prices in U.S. Plummet

Benchmark gasoline prices in the U.S. were down Monday to levels before Hurricane Harvey as refineries and pipelines in the Gulf Coast of the U.S. slowly return to activity, which has eased the concerns over supply. Oil futures for... 
Revised GDP for Second Quarter Up 3% in U.S.

Revised GDP for Second Quarter Up 3% in U.S.

The U.S. economy grew at a faster rate than was initially thought during the second three months of 2017, marking its quickest pace in over two years, with signs the momentum sustained itself to start the third quarter. Gross domestic... 
Underwriter of Flood Insurance Slammed in Texas by Harvey

Underwriter of Flood Insurance Slammed in Texas by Harvey

As responders from around the nation move into the ravaged areas of Texas damaged by high winds and extreme flooding from Hurricane Harvey, one federal flood insurance program has started to sink even further into debt. NFIP or the... 
Bitcoin Cash mining hashrate leapfrogs that of Bitcoin Core briefly

Bitcoin Cash mining hashrate leapfrogs that of Bitcoin Core briefly

Bitcoin Cash mining profitability has been grabbing the headlines lately and this has led many miners across the world to concentrate their mining power towards Bitcoin Cash and as a result mining hashrate for the new cryptocurrency... 
Bitcoin price increases by 7% to recover to $4200 levels

Bitcoin price increases by 7% to recover to $4200 levels

Much to the relief of Bitcoin traders and investors around the world, Bitcoin price has managed to cover a lot of lost ground from a low of $3,600 to above $4,200 fending of rumors and speculations that the cryptocurrency will hit... 
Bitcoin Cash finds more takers as OKCoin and Huobi start trading

Bitcoin Cash finds more takers as OKCoin and Huobi start trading

Bitcoin Cash has garnered a lot of positive attention lately owing to the increase in its prices as well as record trading volumes and the sentiment will continue to favor the new cryptocurrency as two of China’s biggest bitcoin... 
Bitcoin Cash price surpasses $700

Bitcoin Cash price surpasses $700

Bitcoin Cash price has skyrocketed by 37 per cent to breach the $700 levels suggesting a strong support for the new cryptocurrency from all corners. It is for the first time that Bitcoin Cash has managed to rise so quickly and so high...