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Thread: Business news 2019

  1. #171
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    iPhone sales fell 12% in the last quarter but that was a smaller drop than analysts had predicted. Apple shares closed today at 208.78, a drop of 0.90, but rose to 217.66 after hours.

    Apple's iPhone sales slump continued in Q3 but growth in sales of Macs, iPads and wearable devices helped top targets

    https://www.businessinsider.com/appl...s-china-2019-7

    The iPhone just did something it hasn't done in nearly 7 years and it isn't good for Apple
    Sales of the signature smartphone are less than half of Apple's quarterly revenue for the first time since 2012.

    https://www.marketwatch.com/story/th...ple-2019-07-30

  2. #172
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    AT&T and DirecTV Now have been raising prices. AT&T and DirecTV Now have been losing subscribers. Wouldn't you think AT&T and DirecTV Now could see the connection?

    AT&T killing off DirecTV Now name as it launches AT&T TV streaming service

    https://variety.com/2019/digital/new...ng-1203284752/

  3. #173
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    The Federal Reserve today cut interest rates by 0.25% in an effort to bolster the US economy amid signs of a global economic slowdown. It was the first interest rate cut since 2008. The rate is now 2.25%. For several months, Trump had been pleading for a rate cut. He finally got it. Is he pleased? Hah!

    Trump blasts Fed chairman Jerome Powell even after getting the interest rate cut he had been demanding for months

    https://www.businessinsider.com/trum...ate-cut-2019-7

  4. #174
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    Lowe's recently closed 20 of its stores and all 99 of its Orchard Supply Hardware stores. Now the chain is laying off thousands of employees and outsourcing their jobs to other companies that can do the work for less money.

    Lowe's lays off thousands of store workers
    Home-improvement chain will outsource maintenance, assembly jobs as retailers scrutinize labor costs.

    https://www.wsj.com/articles/lowes-l...rs-11564680676

  5. #175
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    The Dow, NASDAQ and S&P just suffered their worst week of the year. This week, 2U Inc. stock lost 65% of its value, Biocardia lost 64%, Acorda Therapeutics fell 49%, Glu Mobile fell 36% and McDermott International lost 35%. Donald Trump, the world's biggest narcissist, likes to take credit when the stock market does well. Funny thing – he hasn't made any comment today.

    Stocks post their worst week of 2019 after Trump's latest trade-war escalation

    https://markets.businessinsider.com/...9-8-1028412461

  6. #176
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    The rich get richer and the poor get poorer. This story is further proof that nobody cares about the middle class except the middle class.

    Corporate profits have soared and workers from Amazon to United Airlines are now demanding their cut
    Airlines, automakers and other industries have posted near-uninterrupted profits over the past decade. They've spent a lot of that windfall to buy back their own shares, to the chagrin of workers seeking higher wages.

    https://www.cnbc.com/2019/08/04/work...ts-soared.html

  7. #177
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    Americans, not Chinese, are paying for Emperor Trump's foolish trade war with China. 他疯狂 和 鲁莽 和 不负责任!

    Dow plunges 767 points in worst loss of the year as trade war with China escalates
    ABC7 WWSB, Aug 5 2019

    Stocks dropped 3% on Wall Street, their worst loss of the year, after China countered President Donald Trump's latest tariff threat by letting its currency weaken to the lowest level in more than 10 years. Investors fear that the escalating trade war between the two giant economic powers could do lasting damage to the world economy.

    Technology companies, which would stand to suffer in a protracted trade war, took the biggest losses. Apple gave up 5.2%. The Dow Jones Industrial Average sank 767 points, or 2.9%, to 25,717. The S&P 500 fell 87 points, or 3%, to 2,844. The Nasdaq fell 278 points, or 3.5%, to 7,726.

    https://www.mysuncoast.com/2019/08/0...ina-escalates/

  8. #178
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    GateHouse Media was founded in 1998 as Liberty House Publishing. The company went through a bankruptcy in 2013. GateHouse operates in 39 states and owns 154 daily newspapers and 579 weekly and monthly newspapers. Gannett, founded in 1923, owns USA Today, The Tennesseean, Arizona Republic, Des Moines Register, Cincinnati Enquirer, Great Falls Tribune, Louisville Courier-Journal, Milwaukee Journal-Sentinel and many other newspapers.

    Newspaper chain GateHouse buying Gannett, USA Today owner
    Newspaper consolidation has picked up as local papers find it hard to grow digital businesses and replace declines in print ads and circulation.

    https://www.nbcnews.com/news/all/new...owner-n1039406

  9. #179
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    The German word über means "over" or "above." In the United States, "uber" is used as a prefix meaning "super" or "extremely good or successful," as in "uber-intellectual" or "uber-fancy restaurant." The ride-sharing company known as Uber is in its 11th year of existence. Judging by its financial losses, Uber is not "super" or "extremely good or successful."

    Uber burned through $5.2 billion last quarter, its biggest quarterly loss ever

    https://www.cnn.com/2019/08/08/tech/...ngs/index.html

  10. #180
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    Web developer David Karp was only 20 when he launched the microblogging and social networking website Tumblr in 2007. The site now hosts more than 475,000,000 blogs. In 2013, Yahoo bought Tumblr. In 2017, Verizon bought Yahoo. This week, Verizon sold Tumblr – at a loss. A huge loss.

    Verizon sells Tumblr to WordPress.com owner for a fraction of the site's previous price

    https://www.newsweek.com/verizon-sel...-price-1453946

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