Business

  • HSBC Missed The Earnings Forecast In Q4 2018

    HSBC Missed The Earnings Forecast In Q4 2018

    HSBC is one of the largest banks in Europe with reported earnings in billions every year. However, when the financial report was presented on Tuesday, it showed that HSBC had missed quite a few financial expectations for the year 2018, the turmoil in the global market during the 4th quarter being largely responsible for it. The bank showed a pre-tax…

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  • BT CEO Says Huawei Not A Cause Of Worry

    BT CEO Says Huawei Not A Cause Of Worry

    BT, telecoms group from UK do not see Chinese tech giant Huawei to be a possible threat to security. BT’s consumer brands CEO Marc Allera said that they have been involved in business affairs with Huawei for a long time now, however they never felt any concern for security issues. He said that they work with a number of security…

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  • Bond Yield, Rate Hike Estimate Readjusted By Wells Fargo

    Bond Yield, Rate Hike Estimate Readjusted By Wells Fargo

    Wells Fargo is finally adopting few changes as bond yields show impact on fears of global growth. In February 2019, the firm has made some cut in target of bond yields as well as forecast of interest rate increase of the Federal Reserve at the year end. Global head of the interest rate strategy of Wells Fargo mentioned that this…

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  • Subscription Car Service By Toyota Rewards You For Safe Driving

    Subscription Car Service By Toyota Rewards You For Safe Driving

    Toyota has joined hands with Sumitomo Mitsui Auto Service Company to roll a new vehicle subscription offering with gamification components in Japan. The initiative is dubbed as Kinto, and it will provide 2 tiers: the first, dubbed as Kinto One, will let you to drive one Toyota car over a 3-year course for anywhere from $420 to $900 each month.…

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  • Bumble Lets Users To Pay & Keep Them At The Vanguard Of The Match Stack

    Bumble Lets Users To Pay & Keep Them At The Vanguard Of The Match Stack

    Bumble rolled out a new feature dubbed as Spotlight that conveys a consumer’s profile to the top of swipe page by people for 30 Minutes. Consumers have to pay 2 Bumble Coins (or $1.99) to get hold of this feature. In addition to this, Spotlight does not call these consumers out in-app, so no other consumer knows why somebody is…

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  • Broadway Producers To Share Profit With Performers

    Broadway Producers To Share Profit With Performers

    Since Broadway business is getting swelled up, producers have decided to give share of their profit with performers. On February 8, 2019, there has been an agreement. According to which commercial producers that provide huge amount of capital for the biggest hits have agreed in sharing the profits with performers who give their level best to bring up successful shows.…

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  • Weakening Economy Lead To Rising Debts For Chinese Companies

    Weakening Economy Lead To Rising Debts For Chinese Companies

    The reports of slowdown about Chinese economy is very real as even though its government is trying to infuse cash into the markets by reducing reserve ratio of banks debts of several large corporates are growing say rating agencies. The details of GDP figures for last year that were released by Chinese government this week showed that its economy is…

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  • AT&T’s Stock Drops Down As The Company Misses Expected Revenue Targets

    AT&T’s Stock Drops Down As The Company Misses Expected Revenue Targets

    Telecom giant AT&T has reported its Q4 profit which has fulfilled the expectations but the increase in number of postpaid wireless phone subscribers along with the generated revenue has fallen short of the estimates derived by the analysts. The stock of the company has dropped down in the morning hours of the trade. The company has revealed the data in…

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  • AT&T To Cut Employments In Ineffective Business Units

    AT&T To Cut Employments In Ineffective Business Units

    AT&T allegedly is preparing for more suspensions. The firm took this decision days after the Communications Workers of America (CWA) condemned the telco for cutting over 10,000 employments last year. According to the reports, the leadership from AT&T is preparing for a “geographic rationalization” and employment “surplus” reduction. This move by the firm is supposed to unite some aspects of…

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  • Active Week For Dow With Corporate Earnings, Trade Talks And Fed Policy

    Active Week For Dow With Corporate Earnings, Trade Talks And Fed Policy

    The week ahead is hectic but seems to begin with a slow start for U.S. stock futures as it shows traces of weakness. The market is waiting for many events that will determine its direction. There is a policy update by the Federal Reserve, economic reports, and earnings reports and of course the trade talks between the U.S. and China…

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