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Uber Posts Largest Quarterly Loss, Shares Slips By 12%

Uber Technologies recorded the largest quarterly loss compared to its global competitors. Oxford reports learned that it witnessed $1.3 Billion. If we zoom into the U.S. space Lyft recorded a loss of $644 Million however its revenue is at least…

Lyft Second Quarter Earnings And War With Uber

Lyft announced its second-quarter earnings and they look good. In 2019, the company gained more riders that boosted their revenue. The company reported 67 cents per share loss with $867 Million in revenue. It also said that its price-war with…

Nintendo To Release Switch Lite In September, A Handheld Device With Fewer Features

Nintendo prepares to issue a low-cost version of its flagship Switch console the Switch Lite. The forthcoming of its advanced years handheld business has been called into inquiry. The Switch Lite, set to be out in September, is Nintendo‚Äôs most…

Gogoro Announces Big Names That Will Use Their Swappable Batteries

Gogoro, a Twainesse based electric company announces three manufacturers that are going to use the company’s swappable batteries in their electric motors. The three names are Yamaha, Aeon Motor, and PGO. Their scooters will be launching this summer-fall and will…

Snap To Raise 1 Billion In Convertible Debt

On Tuesday, Snap said it is going to raise $1 billion in debt. The company happens to be the maker of Snapchat. Due on August 1st, 2026, the company will offer $1 billion in convertible senior notes. Snap says it…

Federal Reserve Plans To Create Speed Transfer Systems

The Federal Reserve has planned to create a system that will enable faster money transfer from the big banks. In the future, they will also support other payment options. It is anticipated that it will be available to the public…

General Electric Biggest Problem: Boeing 737 Max Grounding

Yesterday, General Electric posted its quarterly earnings and it clearly says its graph of profits has turned negative. The company announced that if the Boeing 737 Max remains grounded it will put down an enormous financial strain on the company….

Apple Inc Stocks Slumps Down After Trump’s Tariff Threat To China

President Donald Trump, every single tweet has the potential to rattle or up grow the market in every other direction. Yesterday, Trump tweeted that the U.S. will levy an additional 10% tariffs on China’s consumer goods worth $300 billion starting…

WeWork Is In Talks To Acquire Workplace Management Startup Ahead Of IPO

WeWork, the co-working space company who is aiming to go public in September is in talks to acquire real estate management software company SpaceIQ, the people close to the matter said. If the deal gets finalized it will help WeWork…

Facebook Warns Investors That Libra Won’t Be Available To Public As Soon It Was Expected

Facebook’s diversification vision had made it successful to enter the company into the blockchain market with the introduction of the digital coin, Libra. The “stable coin” has been meeting many regulatory approval hurdles since it went public[not launched yet]. David…