Samsung Vice Chairman Lee Jae-Yong Sentenced to Five Years in Prison after Court Ruling
On Friday, August 25th, vice chairman of international conglomerate Samsung (OTCMKTS:$SSNLF) Lee Jae-yong was sentenced to five years in prison. The verdict came after a South Korean court found Lee guilty of corruption. The suit …
Microsoft to Discontinue Original Xbox One, Sees Promising Numbers in Xbox One X Pre-orders
Following the launching of the Xbox One X, it seems like Microsoft (NASDAQ:$MSFT) has now discontinued the sale of the original Xbox One in the U.S, according Kotaku UK. UK locations also no longer hold …
Chair of Federal Reserve Janet Yellen and European Central Bank President Mario Draghi Warn Against Deregulation of Post-Crisis Financial Policies During Jackson Hole Retreat
President of the European Central Bank Mario Draghi, along with Chair of the Board of Governors of the U.S. Federal Reserve System Janet Yellen gave warnings on Friday, August 25th regarding the strict financial rules …
Adamas Pharmaceuticals’ Stock Skyrockets After its Drug Gocovri Gain FDA Approval
Drug manufacturer and research company Adamas Pharmaceuticals (NASDAQ:$ADMS) saw its shares rise on Friday, August 25th. The rise can largely be attributed to the fact that the U.S. Food and Drug Administration (FDA) granted approval …
This is Why Marvell Technology Group’s Stock Rose Today — August 25th, 2017
Semiconductor company Marvell Technology Group (NASDAQ:$MRVL) saw its shares rise on Friday, August 25th. This is most likely due to the strong earnings report released by the company that beat average analysts’ expectations. Marvell released …
Splunk’s Shares Rise Following Strong Second Quarter Earnings
Software and data analytics company Splunk (NASDAQ:$SPLK) saw a rise in its stock on Friday, August 25th. The rise can most likely be attributed to the second quarter earnings report Splunk released on Thursday. The …
This is Why GameStop’s Stock Fell Today — August 25, 2017
Well-known video game retailer GameStop (NYSE:$GME) saw its shares spiral on Friday, August 25th. This is most likely due to the mixed earnings report it released for its second quarter. Although sales were strong thanks …
Trump Blames Congress on Failure to Pass U.S. Debt-Ceiling Legislation Earlier As Deadline Approaches
The U.S. government is slowly running out of money to pay its bills, leaving a number of companies to reconsider the country’s credit rating. U.S. officials have been busy reassuring markets that debt default will …
This is Why Abercrombie & Fitch Co.’s Stock Increased Today – August 24th, 2017
Despite having a rough few months along with similar teen apparel companies, Abercrombie & Fitch (NYSE:$ANF) released an earnings report on Thursday, August 24th, that exceeded average analysts’ expectations. Abercrombie cited its success from its …
Costco’s Lack of Improvement for its Online Presence Can Mean Bad News, Especially as Amazon Closes Acquisition Deal with Whole Foods
Costco Wholesale Corp (NASDAQ:$COST) began its venture into e-commerce as early as 1998 – just when Amazon (NASDAQ:$AMZN) started to expand its product offers beyond books. Despite this, however, Costco has shown little to no …