The Story: American's largest home improvement chain Home Depot on Tuesday increased its full-year profit and sales guidance for the third time during the current fiscal. This Happened: The recent hurricane incidents have boosted the need for rebuilding materials, flashlights and generators.Revenues...
The Story: According to a CNBC report, Roark Capital Group has made a bid offer of $150 per share to buy Buffalo Wild Wings.Shares in the chicken wings chain surged nearly 28 percent after the news broke. Important Because: Rising chicken prices...
The Story: General Electric on Monday said that it was chopping its dividend by 50%. While it will free up sorely needed capital to help effect a turnaround for the 125-year-old conglomerate, it is believed that the move may also...
The Story: The days of supersonic flight could be back, a la Concorde-style commercial aircraft, as soon as 2018, even for domestic flights within the U.S.Boom Technology, Inc. is looking at a 2023 commercial entry, but such flights could become...
The Story: The European Securities and Markets Authority (ESMA), has warned investors about newly issued cryptocurrency coins. Europe's top markets regulator said that these were unregulated and experimental, and warned of pitfalls in investing in such online crowdfunding, particularly by startups.An...
The Story: A huge swath of land on the Western edge of metro Phoenix has drawn an $80 million investment from Microsoft founder Bill Gates' investment group. Important Because: The area is almost completely undeveloped right now, and has very few residents.Any...
The Story: For just a little while early Sunday morning, Ethereum had to give way to Bitcoin Cash as the second largest cryptocurrency on the market. Bitcoin Cash hit an all-time high of $2500 per coin, and then came crashing...
The Story: CNBC reports that a SoftBank-led consortium of investors seeks to buy $1 billion worth of fresh stock in Uber at its current valuation of about $68.5 billion, and that the ride-hailing company was close to being ready on Sunday...
The Story: U.S. chipmaker Qualcomm is preparing to fend off a bid from rival Broadcom Ltd. to take over the company for about $105 billion. The decision to rebuff the offer may be announced as early as this week.It will...
The Story: Amazon expanding its product insurance business in Europe could be the start of a major push by the e-comm and cloud giant into a broader insurance market. A Reuters report cites recent job ads for the company's Europe...
The Story: Tesla CEO Elon Musk is ready to unveil the highly anticipated big-rig Tesla semi truck on Thursday this week in Los Angeles, said Musk via his preferred media channel, Twitter. Important Because: Not many thought Tesla would venture so...
The Story: Alibaba, the Chinese technology giant, broke all sales records on its Singles Day shopping festival yesterday, November 11, which is stylized and promoted by Alibaba as the 11.11 Global Shopping Festival 2017.Jack Ma's company reported Singles Day sales...
The Story: U.S. President Donald Trump has just landed in the Philippines, shortly after offering to play mediator on the South China Sea issue that's been a thorn in the region's political side for a long time. Trump will speak...
The Story: Technology major IBM announced in a press release that it will put 20-qubit quantum computers into service for its early-access clients as part of its Quantum Computing as a Service cloud computing offering. Why It Matters: IBM Q is the...
The Story: According to recent airline data, travel bookings to Las Vegas have declined after the October mass shooting at a country-music festival, since dubbed the Mandalay Bay attack.https://1reddrop.com/2017/11/07/worst-mass-shootings-americas-recent-past-loud-clear-call-gun-control/ Why It Matters: Las Vegas is grappling with the economic fallout over the...