Finance News

Amazon Gets Approval To Test Delivery Drones (NASDAQ:AMZN)

Amazon Gets Approval To Test Delivery Drones (NASDAQ:AMZN)

The Federal Aviation Administration has given Amazon approval to begin testing its plan for its Prime Air service, which will use drones to deliver products sold by the company to homes and businesses. The FAA told the company in a letter this week that Amazon can now test its current […]

US Jobless Claims Up, Slightly, but Labor Market Still Strong

US Jobless Claims Up, Slightly, but Labor Market Still Strong

It looks like more people than expected are having a hard time this holiday season. Last week, the number of Americans applying for unemployment benefits (for the first time) rose to its highest level since June. Fortunately, the numbers are still at the low end, indicating a still healthy US […]

AT&T Misses on Revenue As Phones Kept Longer by Customers

AT&T Misses on Revenue As Phones Kept Longer by Customers

AT&T Inc.?s revenue for the quarter came up short of estimates on Wall Street because of lower sales of equipment as customers kept their handsets longer and other wireless carriers offered promotions for unlimited data plans, said the No. 2 wireless carrier in the U.S. on Tuesday. AT&T said it […]

Macy?s Cuts Ties With Donald Trump After Controversy (NYSE:M)

Macy?s Cuts Ties With Donald Trump After Controversy (NYSE:M)

Macy?s has decided that the company would no longer do business with Republican presidential candidate Donald Trump after he made controversial statements denigrating Mexicans and immigrants. Trump called Mexican immigrants rapists and drug runners in a speech in which he announced his intention to run for president. He then doubled […]

JD.Com Poaches Cloud Executive From Microsoft

JD.Com Poaches Cloud Executive From Microsoft

JD.com has poached Samuel Shen, a high-ranking cloud computing executive from Microsoft as the Chinese online retailer seeks to grow its cloud computing business. Shen has worked at Microsoft for over two decades and his last position was as a general manager for Microsoft?s enterprise and cloud business in China. […]