Tag Archives: Business News

Lora Haddock was banned from the Consumer Electronics Show. This year, she returns with more toys while the morale fans keeping calm.Sex Toys Industry Significantly Evolved during 2019The company has introduced its products to women at the beginning of 2019. But the Consumer Technology Association has revoked the award from the tech startup called Lora DiCarlo. They thought that it is not an innovation in the pleasure industry, but just a new generation of vibrators.However, the sales stats...

Snap Inc, the parent company of multimedia messaging app Snapchat, has acquired Ukraine-based startup AI Factory. This computer vision startup is the same company that has worked on creating Snapchat’s Cameos feature.AI Factory’s company profile shows that it provides several artificial intelligence business solutions for “image and video recognition, analysis and processing” . Thus, the Cameos feature also works on the same image and video processing technology developed by the company.The...

The general consensus this year, even by people who aren’t exactly deep into financial metrics, is that 2019 has been mostly good. On average, global stock markets have performed impressively and still push on. For specifics, Deutsche Bank’s Chief Economist Torsten Slok has highlighted the global stock markets’ 2019 pump to be over $17 trillion.For several reasons including more attention by government and financial authorities, the progress has been quite noticeable. According to Slok,...

This year of 2019 turned out to action-packed with respect to the cryptocurrency market and the global economy in general. Undergoing a massive crypto winter in 2018, the crypto market saw some recovery especially in Q2 2019. If we look at the year-to-date performance, the overall cryptocurrency market cap surged by 60%. Thanks to Bitcoin‘s performance giving 100% returns during the same period.Also, if we look at the traditional markets, they have performed beyond investors’ expectations....

As it tries to save itself from other disappointments, Boeing has fired its CEO Dennis Muilenburg. The decision was made necessary because of problems that stemmed from two separate incidents of fatal crashes of the Boeing 737 Max.The new Boeing CEO announcement caused BA stock to rise by 3% to $337.55 shortly after it was publicized. Regardless, prices are still down about 20% ever since the March 10 crash. The general consensus from much of Wall Street is that Boeing could have done a lot...

According to a recent report from Bloomberg, Tesla is making interesting strides with its car factory as it has now inched very close to erection. Per a statement from the Brandenburg state government, authorities have agreed to the terms of a contract between both parties, for the sale of land in Grunheide, a municipality close to the capital. The land near Berlin is 300 hectares large (741 acres) and will house the gigafactory that will be built by Tesla.Apart from the terms stipulated in...

Disney claims that Tron Foundation leader Justin Sun makes use of their TRON trademark. The movie studio has restricted him from achieving the trademarks on certain brand names.Judge rejected three applications including the one concerning the “TRON” trademark on November 6, 2019. Disney’s representation of the situation is that Chinese billionaire Sun is using dirty tricks to promote his coin. Specifically, he paid the designers to make the TRON cryptocurrency logo to look similar to the one...

Tech giant Google seems to be putting a special focus on boosting its Stadia games and entertainment platform. On Thursday, December 19, Google announced acquiring the Montreal-based game development platform Typhoon Studios.Typhoon is a very young platform that started just three years back. The Studio has scheduled its first and upcoming release dubbed “Journey to the Savage Planet” in January 2020. Besides, the title shall be available on multiple platforms. Also, it is very much likely...

Footwear maker Nike’s quarterly earnings have risen by 35%. Fans of the limited edition Jordans brands have been going to the stores and have even ordered clothing online. According to the earnings release, the footwear maker indicated that the Jordan brand just hit its first billion dollars in one quarter buoyed by innovation in designs and increased attention given by the shoppers to the basketball-related activities in niche markets that include international sales and women’s basketball...

The U.S.-based provider of shared workspaces for technology startups and services for other enterprises WeWork sells Managed by Q unit acquired earlier this year. As the company’s spokesperson stated, the sum of purchase made up about $220 million at that time, however, now the deal will cost less than a quarter of this price.According to Bloomberg, the decision to sell Managed by Q results from WeWork’s need to cut its costs and unload assets. Currently, WeWork is in private talks with...