Best Buy shares saw a massive upswing on Wednesday as the company announced its Q4 earnings report, well-above analysts’ expectations.
Pumping its profits was its selection of wearables, smart home devices, and the unstoppable popularity of free game Fortnite driving demand for gaming consoles and accessories throughout the holidays.
New York Power Outage: In the early hours of Monday morning, as New Yorkers are waking up for work, they’re about to find the lights are out. Around 500,000 people across New York, Pennsylvania, Ohio, and Michigan are currently without access to power–why? This is the situation in the northeast of the country this morning … Read more
The SEC isn’t messing around when it comes to investor protection. We’re getting used to subpoenas being dealt out in the cryptocurrency space. But when it comes to traditional industries, they pack a decent punch. One right hook so hard, in fact, that it saw Kraft Heinz stock plummet by 20%. And Warren Buffett’s Berkshire … Read more
What does America’s second wealthiest man think of Ocasio-Cortez’s tax reforms? Bill Gates believes that talk of a top-rate tax of 70 percent is “extreme” and completely “missing the picture.” In an interview with the Verge, Gates spoke out on his views of the taxation reforms. He conceded that taxes could be higher, or “more … Read more
Having kids is hardly a walk in the park. Oftentimes it feels as if the only incentive in the incessant additional child caring workload is the occasional smile, cuddle, or unexpected kiss. Well, not in Hungary. Outspoken anti-immigration Prime Minister Viktor Orban is determined to raise the birth rate by waiving taxes completely for families … Read more
There aren’t many CEOs who can blame company layoffs on interplanetary space crafts and Space-based Internet. But then, there aren’t many CEOs like Elon Musk. During an investor call for Tesla on Wednesday, Musk argued that the SpaceX layoffs were completely different and due to his company’s ‘absolutely insane’ projects. SpaceX documentary actual footage pic.twitter.com/RrEwYwMNgj … Read more
By CCN.com: Thursday, June 23, 2016. The day that 48% of the British public realized they no longer knew their neighbors. When the dust settled, the stench of defeat lingered in the air. The majority had spoken. And it turned out that the rest of us didn’t like what the xenophobic, nationalistic mob had to … Read more
Tesla delivered a catastrophic blow to its U.S. workforce this Friday. In a memo reviewed by the Wall Street Journal, CEO Elon Musk said the company will be slashing its staff by 7%. Despite announcing its first gigafactory outside of the United States in Shanghai barely over a week ago, the electronic car maker will be … Read more
Tuesday morning did not start out well for South Korean electronics giant Samsung. At a time when the innovative tech company will be seeking a boost from the behemoth consumer tech conference CES in Las Vegas, the outlook is far from rosy. In fact, the company revealed that Q4 earnings estimates fall short by a … Read more
Straight from the horse’s mouth. Despite multiple complications and the ongoing trade war between the US and China placing Tesla plans in doubt, today, the electronic car manufacturer began breaking ground on the construction of the first Tesla gigafactory outside of the US in Shanghai. On Twitter this morning, the charismatic businessman enthused: Looking forward … Read more