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Trans World Entertainment Announces Plans to Sell FYE Chain for USD 10 Million

The Trans World Entertainment Corporation (NASDAQ:TWMC) announced today that its board of directors has agreed to sell the For Your Entertainment (FYE) segment for USD 10 million in cash to Sunrise Records and Entertainment Ltd. in Canada. The...

IBM Reports 2019 Fourth-Quarter and Full-Year Financial Results

Today IBM (NYSE:IBM) announced its fourth-quarter and full-year 2019 financial results. International Business Machines reported surprise growth in quarterly revenues and higher than expected earnings as well as revenues, driven by accelerated...

Central Banks Partner to forward Digital Currencies

On Tuesday, the European Central Bank announced that a group of central banks will join forces to forward central bank digital currencies (CBDC), amongst discussions about the future of money and its control.  The Bank of Canada, the Bank of...

Netflix Opens Paris Office and Announces New Local Content

Netflix, Inc. (NASDAQ: NFLX) announced Friday the celebration of the opening of its new Paris office in the heart of the 9th arrondissement. The Company emphasizes its commitment to France’s creative community, as over 20 French productions in...

Microsoft Announces Plans to Be Carbon Negative by 2030

Microsoft Corporation (NASDAQ:MSFT) today announced its plan to be carbon negative by 2030. The Company’s ambitious goal is to significantly reduce and ultimately erase its carbon emission.  Chief Executive Officer of Microsoft, Satya Nadella,...

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Dow Continues Rally into the New Year

U.S. markets continued to rally heading into New Year on Thursday morning. The Dow Jones Industrial Average was lifted by 170 points or 0.6% shortly before the opening bell on Thursday. The...

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Tesla to Start Delivers in China

Tesla Inc (NASDAQ: TSLA) claims it will start delivering its first China-produced Model 3 vehicles to the public on January 7th at an event at its Shanghai plant, according to a report by Reuters....

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Staff Picks

Feds Leave Rates Steady and Hint Pause in 2020

The Federal Reserve held interest rates steady at its December meeting on Wednesday, halting a series of rate cuts that lifted markets and countered recession fears amid the ongoing trade tensions between the U.S. and China, according to CNN....

U.S. Markets Bounce Around as Trade Talks Weigh In

U.S. markets bounced around on Tuesday morning as investors and analysts continued to digest trade talks between the U.S. and China. The Dow Jones Industrial Average initially fell by as much as 100 points at the opening bell. However, late...

Sanofi Acquires Synthrox for USD 2.5 Billion

Sanofi (NASDAQ: SNY) announced on Monday that it has acquired Synthorx (NASDAQ: THOR) for USD 2.5 Billion to boost its immuno-oncology pipeline. Synthorx shares surged by 169% at the open on Monday. Synthorx is a biotechnology company aimed at...

U.S. Markets Roar on Better-Than-Expected November Job Reports

U.S. markets roared on Friday after a better-than-expected employment report for November. The Labor Department reported that the economy created 266,000 jobs, lowering unemployment rates to 3.5%, a 50-year low. The Dow Jones Industrial Average...

RH Shares Soar on Earnings Beat and Revised Guidance

RH  (NYSE: RH), formerly known as Restoration Hardware, reported its third quarter financial results on Wednesday during extended trading hours. The Company topped earnings and revenue estimates, sending shares higher by 10.3% on Thursday.  For...