Bitcoin has just gone through a much-hyped adjustment that reduced the rate at which new coins…
Category: News
Branson to sell Galactic stake to prop up Virgin
Sir Richard Branson is selling a stake in Virgin Galactic to raise $500m to prop up…
Pandemic sends US jobless rate to 14.7%
The US unemployment rate has risen to 14.7%, with 20.5 million jobs lost in April, as…
Colombian airline Avianca files for bankruptcy in US court
Colombia’s national airline, Avianca, has filed for bankruptcy protection in a US court. Read more at…
Nintendo profits surge as ‘Animal Crossing’ game becomes fastest-selling title on the Switch
Nintendo posted solid earnings on Thursday, boosted by demand for its Switch console and popular “Animal Crossing:…
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…