Walt Disney Co. Cancelled Plans for a $1 Billion Campus in Florida
Walt Disney Co. has cancelled the company’s plans to open a new Florida campus and bring about 2,000 jobs and a $1 billion development to the state. This the latest…
Walt Disney Co. has cancelled the company’s plans to open a new Florida campus and bring about 2,000 jobs and a $1 billion development to the state. This the latest…
Elon Musk named NBC Universal advertising sales chief Linda Yaccarino to succeed Musk as Twitter’s next CEO.
Elon Musk announced that he will step down as the CEO of Twitter as he has found Twitter’s next CEO. Musk did not identify who the new CEO will be.
In April, United States employers added 253,000 jobs. Also the unemployment rate fell from 3.5% to 3.4%.
The popular fast food chain Burger King plans to close up to 400 under performing restaurants before the end of the year. This came from the CEO Joshua Kobza in…
The European Central Bank raised its key interest rate by a 0.25% point.
Washington, D.C.: The Federal Reserve has raised interest rates again by 0.25%.
Federal Regulators have seized First Republic Bank, and they sold all of its deposits and most of its assets to JPMorgan Chase Bank.
Amazon reported $3.2 billion in profits for the first quarter, as the company made large cuts in its workforce and also cut some of its product lines.
The United States economy grew at a 1.1% annual rate in the first quarter, which showed the economy is growing at a much slower pace.
First Republic claimed the company lost over $100 billion in customer deposits after the collapse of Silicon Valley Bank. As a results of it the company’s shares fell over 20%…
After Comcast Corp. launched an investigation of an “inappropriate relationship”, it has been mutually agreed that NBCUniversal CEO Jeff Shell will be leaving the company effective immediately.
Another chain retailer has filed for bankruptcy. The bankruptcy bug has hit Bed, Bath & Beyond.
March’s Consumer Price Index rose 5.6% for the month.
According to CNBC, UFC’s parent company Endeavor is finalizing a deal to purchase the WWE and spin off UFC & WWE into a new company. This news comes before night…
Chinese tech company Alibaba announced plans to split into 6 separate groups and will be run independently. This is the biggest overhaul in company histery.
Walt Disney Corporation is laying off over 7,000 employees this week.
The Federal Deposit Insurance Corporation said that First Citizens Bancshares is purchasing all of Silicon Valley Bank’s assets, including deposits, loans and branches.
After the Federal Reserve raised interest rates, the Dow fell over 500 points and the Treasury yields fell.
UBS has announced that it has completed a takeover of Credit Suisse after Swiss regulators negotiated the deal.
To restore confidence in the world’s banking system, UBS is in talks to takeover all or a portion of Credit Suisse.
The First Republic Bank will get $30 billion in funds from Bank of America, JP Morgan Chase and 9 other banks in a deal to halt a banking crisis.
Credit Suisse saw their stock shares rise over 20% after the bank secured $50 billion in Swiss Francs from the Swiss government.
Geneva, SWZ: Swiss National Bank announced they are ready to provide financial support to Credit Suisse, after the company’s shares fell as much as 30% during the day.
7:23 am: Shares of Credit Suisse has fallen over 20% today causing the U.S. stock market futures to fall on fears of a potential banking crisis. 10:09 am: In early…