T-Mobile US, Inc., one of the fastest-growing and third largest wireless carrier in the United States, and Sprint Corp, the fourth largest wireless carrier backed by Japan-based SoftBank, have been talking about a merger for a long time. But...
Chinese e-commerce giant Alibaba, headed by Jack Ma, blew past Wall Street analyst estimates as the company posted a record 132% increase in net income during the second quarter.Alibaba reported second quarter revenue of 55.12 billion yuan, compared to...
A recent survey by US bank revealed that a growing number of Americans are using digital apps to make their payments. The growth of digital payments platforms, high level of smartphone penetration and reducing friction of online transactions have...
Oil prices have remained extremely volatile in the last ten years. The price of oil shot up to $140 during the great recession, then fell below $30 in 2016 before recovering to the current above-$50 levels. But so high...
Amazon already owns the cryptocurrency-related domain name amazonbitcoin.com, and it's just bought three new ones: amazonethereum.com, amazoncyptocurrency.com and amazoncryptocurrencies.comBut the e-commerce and technology giant isn't going to start accepting cryptocurrencies for payments on its Amazon Pay service, according to...
Here's a quick view of important news from the U.S. economy this week. This brief covers consumer spending and confidence, home ownership rates and a snapshot of the overall economy of the United States.U.S. Consumer SpendingThough flood-damage-related motor vehicle...
Microsoft's cloud business is just unstoppable.Microsoft was a full four years late to launch Azure, its Infrastructure as a Service product. The head start Microsoft gave Amazon is possibly what is still separating the second placed Microsoft from the...
No one will blame you if you took a look at Under Armour's (UA) stock chart and thought: "Oh my God, they are going out of business!" But nothing of that sort has happened. It's just Mr. Market's typical...
After mounting pressure from lawmakers as well as users to clean up its portal, social media giant Facebook has announced that over the next one year, it will double the current 10,000-strong workforce related to matters of content safety...
As we reported earlier, Amazon revealed that the company received 238 proposals from cities and regions across North America for its second headquarters, dubbed Amazon HQ2. Nearly all the US states except Arkansas, Hawaii, Montana, North Dakota, South Dakota,...
It's been 10 years since things were set in motion for the Great Recession, the biggest financial crisis since the Great Depression of the 1930s. Nearly 10 years ago, on December 2007, the United States officially went into recession,...
Alphabet's growth investment fund, CapitalG, is leading a $1 billion financing round in ride-share operator Lyft, a key rival to the dominant Uber. CapitalG partner David Lawee will join Lyft's board of directors, while Lyft's post-money valuation now tops...
Earlier today, after a notably contracted vote-a-rama, Senate Republicans passed a budget resolution that clears a path for the GOP's tax reform plan. The 51-49 vote was a close call, but it could mean a desperately needed win for...
Official data released earlier on Thursday shows that China's GDP growth rate is in line with the nation's target of 6.5% for 2017. At 6.8% for July to September quarter, that puts the country's growth rate on target to...
Trump's and the GOP's tax reform agenda is getting a hard push from the president as well as the Senate Majority Leader Mitch McConnell as the two teamed up this week at a hurriedly scheduled press conference to discuss...