Coverage: Verizon is looking to sell blogging platform Tumblr
Verizon is seeking a buyer for Tumblr, the blogging platform it acquired along with other Yahoo assets in 2017. Chris Welch of The Verge had the news: On Thursday evening, Pornhub VP Corey Price claimed in a statement to BuzzFeed Newsthat his company is “extremely interested” in buying Tumblr and “very much looking forward to one day restoring […]
Coverage: Fed leaves interest rates unchanged
The Federal Reserve Board left its key interest rate unchanged Wednesday and signaled that it’s unlikely to either raise or cut rates in coming months amid signs of renewed economic health but unusually low inflation. Martin Crutsinger of the Associated Press had the news: The Fed left its benchmark rate — which influences many consumer and […]
Talking Biz News Today — May 2, 2019
Some of Thursday’s top business news stories: Associated Press Many college grads feel their grip on middle class loosening, by Josh Boak and Emily Swanson Stocks sink after Fed appears to dash hopes of a rate cut, by Alex Veiga Bloomberg Qualcomm drops after sales forecast signals weak demand in China, by Ian King Zynga wants to know if fans […]
Coverage: Apple’s profits, iPhone sales drop
Apple Inc. posted its first back-to-back drop in quarterly sales and profit in more than two years, but the tech titan reported strength beyond its struggling iPhone business and said a sharp downturn in China showed signs of easing. Tripp Mickle of The Wall Street Journal had the news: Profit dropped 16% to $11.56 billion for the three […]
Talking Biz News Today — May 1, 2019
Some of Wednesday’s top business news stories: Associated Press US stocks post meager gains; S&P 500 index hits new high, by Alex Veiga Wynn Resorts fined $35M for misconduct allegations response, by Philip Marcelo Bloomberg Bank of Buffett drops $10 billion bomb into Anadarko battle, by Joe Carroll, Katherine Chiglinsky and Kevin Crowley U.S. factory job-listings signal hiring my slump […]
Coverage: Marriott plans to take on Airbnb
Marriott is pushing more heavily into home-sharing, confident that its combination of luxury properties and loyalty points can lure travelers away from rivals like Airbnb. Dee-Ann Durbin of the Associated Press had the story: The world’s biggest hotel company will start taking reservations this week for 2,000 homes in 100 markets in the U.S., Europe and […]
Talking Biz News Today — April 30, 2019
Some of Tuesday’s top business news stories: Associated Press Alphabet Q1 revenue falls short of estimates, by Rachel Lerman Boeing CEO defends safety record amid two deadly crashes, by David Koenig Bloomberg WeWork files confidentially for IPO amid flurry of offerings, by Ellen Huet Woodstock backer pulls plug on 50th anniversary music show, by Nick Turner and Lucas Shaw Fortune Google […]
Coverage: “Avengers: Endgame” sets movie revenue record
Walt Disney Co.’s superhero epic “Avengers: Endgame” became the first movie to gross more than $1 billion in its debut at the world-wide box office. Erich Schwartzel of The Wall Street Journal had the news: The Marvel Studios blockbuster, powered by record-setting hauls in the U.S. and China, collected an estimated $1.2 billion in its first five days of […]
Talking Biz News Today — April 29, 2019
Some of Monday’s top business news stories: Associated Press Vacant land becoming asset as development returns to Detroit, by Corey Williams Far from glitzy tech hubs, Chinese city bets big on VR, by Dake Kang Bloomberg The mystery of the millionaire hermit, by Claire Martin First they came for plastic bags. Coffee cups are next, by Emily Chasan and Hema […]
Coverage: More people are drinking Starbucks
Starbucks Inc. on Thursday reported earnings that outpaced analyst expectations and raised its outlook for the year, as customers spent more at its cafes in the U.S. and sales growth in China was stronger than expected. Amelia Lucas of CNBC.com had the news: “We are especially pleased with our comparable store sales growth in our two […]
