Nintendo posted solid earnings on Thursday, boosted by demand for its Switch console and popular “Animal Crossing:…
Category: News
Global luxury sales could collapse up to 60% in the second quarter, consulting firm says
Global sales of luxury goods are headed for a collapse in the next few months, as…
Qatar Airways warns of ‘substantial’ job losses
Qatar Airways has warned its employees of “substantial” redundancies as it struggles with a collapse in…
Uber axes 3,700 staff as trips drop in lockdowns
Uber has announced plans to cut 3,700 full-time staff – about 14% of its workforce –…
Stocks making the biggest moves after hours: Pinterest, Mattel, Virgin Galactic and more
Check out the companies making headlines after the bell. Read more at https://www.cnbc.com/2020/05/05/stocks-making-the-biggest-moves-after-hours-pinterest-mattel-virgin-galactic-and-more.html
Airbnb cuts 25% of staff amid travel downturn
Online booking platform Airbnb is planning to cut 25% of its staff as it grapples with…
J Crew files for bankruptcy protection
Fashion firm J Crew has filed for bankruptcy protection, making it the first big US retailer…
GE to cut up to quarter of its aviation staff
General Electric will cut up to a quarter of its aviation business staff as demand for…
Warren Buffett’s company Berkshire Hathaway sells US airline shares
Billionaire investor Warren Buffett says his company Berkshire Hathaway has sold all of its shares in…
Treasury rolls out small business ‘bounce back’ loans
Businesses will be able to apply for loans of up to £50,000 from Monday in a…
Shell cuts dividend for first time since WW2
Royal Dutch Shell has cut its dividend for the first time since World War Two following…
Amazon investors told to ‘take a seat’ as demand jumps
Amazon sales surged in the first three months of the year, as the coronavirus lockdown boosted…