Economy

New CEO Of HP Inc (NYSE:HPQ) Aims To Save $1 Billion Annually By Reducing Staff Of Up to 9,000

Enrique Lores, the new Chief Executive Officer of HP Inc (NYSE:HPQ), unveiled restructuring plans that could save $1 billion annually and improve printer and ink sales. If implemented, around 9,000 employees would lose their jobs. The new restructuring initiative would slash the HP rankings by 16%. Eliminate 9,000 jobs in 3 years According to a […]

China’s Generous 10% Tax Exemption Drives Sales Of Tesla Inc (NASDAQ:TSLA) ‘s Car Models Model X, Model S, And Model 3

In September 2019, China has granted a 10% car purchase exemption for Tesla Inc (NASDAQ:TSLA) cars. As a result of this generous discount, the Chinese enjoy a cash discount of up to $13,960 on Tesla car purchases. The great demand for Model S, 3, and X Chinese are in queue to buy premium Tesla cars […]

Amazon.com, Inc. (NASDAQ:AMZN) ‘s Demand For More Ad Space Would Impact The Future Of Walt Disney Co (NYSE:DIS) Apps On Fire TV

The war is raging between Amazon.com, Inc. (NASDAQ:AMZN), and Disney over the former’s demand for more ad space inventory. According to WSJ, Walt Disney Co (NYSE:DIS) has resisted the move of Amazon for a large chunk of the ad space on Disney Apps. It could affect the future screening of Disney Apps on the Fire […]

Microsoft (NASDAQ:MSFT) And Amazon.com, Inc (NASDAQ:AMZN) In Support Of Deals With Oil Firms

Major tech companies such as Microsoft (NASDAQ:MSFT) and Amazon.com, Inc (NASDAQ:AMZN) succumb to pressure in several instances. For example, they agreed to slash their carbon emissions following external pressure and the cry of their employees. However, they won’t be bowing to pressure in terms of cutting ties with the oil and gas industry. Bezos stand […]

Alphabet Inc (NASDAQ:GOOGL) Unveils Some Important Privacy Tools

Alphabet Inc (NASDAQ:GOOGL) has unveiled several important tools to enhance customer experience. The most popular tools of the company are Google Maps, Google Assistant, and YouTube. The unveiled privacy tools will help users in several ways. For instance, the tools will help users prevent Google from collecting their data. It is about data control and […]

Delta Air Lines, Inc (NYSE:DAL) Against Tariffs Imposed On Airbus Planes

Delta Air Lines, Inc (NYSE:DAL) criticizes the new U.S. tariffs on Airbus planes. It says that the tariffs will inflict great harm to most of the airlines in the U.S. Delta’s contract with the European multinational aerospace corporation Airbus has been longstanding. A close outlook  Some analysts propose that Delta cuts short its contract with […]

Tesla Inc (NASDAQ:TSLA) Moves Its Vehicle Manufacturing Operations To Shanghai

President Donald Trump has all along been advocating for the creation of more jobs in the US. The news about Tesla Inc (NASDAQ:TSLA) moving its manufacturing operations to Shanghai may not be what the president would have wanted. Anyway, the deal is already underway, and the Giga factory 3 is the new operational base of […]

Forward Industries, Inc (NASDAQ:FORD) Moves Into A Joint Venture Partnership With Mahindra

Forward Industries, Inc (NASDAQ:FORD) is moving into a joint venture partnership with the Indian automaker Mahindra. This is a move that will have the company move some of its operations into the country. Mahindra hasn’t been performing quite well for over quite some time in the country. The profit margins have been pretty slim. Market […]

Johnson & Johnson (NYSE:JNJ) Settles Ohio To Escape An Opioid Trial

Johnson & Johnson (NYSE:JNJ) doesn’t want more pressure from some two countries in Ohio. This is the reason the company has agreed to make a settlement worth $20.4m (£16.6m) with these states. According to sources, these states have been mounting pressure on the business guru on claims it has been promoting Opioid addiction. The company […]

Verizon Communications Inc. (NYSE:VZ) Takes Over Technology And Software Of Jaunt XR

Verizon Communications Inc. (NYSE:VZ) has announced the takeover of Jaunt XR. The deal gives volumetric video capture tools to Verizon. The new technology and software of Jaunt provide an advantage to Verizon because it forays into a high-speed 5G network. Jaunt has restructured and laid off some staff before focusing on augmented reality from virtual […]

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