Amazon is using the Thursday night games as a vehicle to its lucrative Prime club. As per a source familiar with the matter at hand, Amazon.com Inc has agreed to pay $65 million per year to the National Football League… Read More ›
analysts
Qualcomm eases licensing terms, to unclog inflow of revenues
Through this strategic move Qualcomm is aiming to avoid potental future legal disputes and maintain its existing business structure. In a development that underscores how far Qualcomm Inc is willing to go to preserve its core business practice of making… Read More ›
Johnson & Johnson reports trail blazer 1st Quarter results
Johnson & Johnson expects an increase in demand for its cancer drugs. On Tuesday, Johnson & Johnson first quarterly report beat analysts’ estimate and raised its full-year sales forecast on the strength of a growing demand for its cancer drugs…. Read More ›
With $6.32 trillion AUM, BlackRock’s 1st quarter report stuns analysts’ estimates
BlackRock, the world’s biggest asset manager, piled up cash thanks to increased volatility in global markets. On Thursday, New-York-based BlackRock Inc, the world’s biggest asset manager, reported a rise of its net income to $1.09 billion as its first quarter… Read More ›
Trump’s proposed steel tariffs complicates NAFTA negotiations
The business of manufacturing cars in North America for North Americans is going to be an expensive affair, post Trump’s steel tariff hike. Negotiators working to rework the NAFTA trade deal were caught off-guard by U.S. President Donald Trump’s proposal… Read More ›
Aluminum premiums hit 3 year high
While there are a number of reasons why the price of aluminum in the U.S. has shot up so dramatically, if the hefty premiums paid by buyers are an indication of the strong underlying strength of the demand, in most… Read More ›
William Ackman’s Pershing Square Capital Management building stake in United Technologies
William Ackman has let it be known that Pershing Square has reversed its position vis-a-vis Herbalife and is now building up a position in aircraft parts maker United Technologies Corp. Despite the fact that 6 years ago William Ackman, billionaire… Read More ›
China’s yuan could weaken if the Feds stick to 3 interest rate hikes in 2018
The following is a brief outlook on the future of the Chinese yuan against the greenback in 2018. The results of a Reuters poll indicate that the bulk of the gains, the Chinese yuan has so far registered is likely… Read More ›
Global stock sell-off wipes out $4 trillion from market capitalization
Facing a downturn in market conditions, investors are pouring into other assets, such as forex. Stock markets across the globe, tread downwards for a fourth consecutive days wiping out $4 trillion from the market which had peaked just eight days… Read More ›
Benefits from tax-cuts are likely to be short-lived
Economists opine that the 3 projected hikes in interest rates this year by the Feds could potentially offset the short term benefits of these tax cuts, which could in turn dampen the United States’ economic growth. A poll conducted by… Read More ›
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