• US officials order Chinese company to sell Grindr
US officials order Chinese company to sell Grindr

Gay dating app Grindr is up for sale by its Chinese parent company, Kunlun Group, media reports say. CFIUS' specific concerns and whether any attempt was made to mitigate them could not be learned. Grindr and Cowen declined to comment. We don't know details about the concern or anything the USA government has done to mitigate the risk. CF...

Read more

  • Apple Arcade Is A Netflix-Like Subscription Service But For iPhone Games
Apple Arcade Is A Netflix-Like Subscription Service But For iPhone Games

Kalpesh Kalpadia, a consumer credit expert and CEO at Deserve, a fair credit fintech, said the Apple Card is below market for a premium cashback rewards vehicle, noting that Chase Sapphire Reserve, Uber Card and American Express Platinum, offer higher rewards.

Read more

  • Lyft raises IPO price target as investor fret over missing out
Lyft raises IPO price target as investor fret over missing out

The new price sets Lyft's market value at $24 billion, which will quickly change Friday after the shares start trading on the Nasdaq exchange. Uber, a global logistics and transportation company most recently valued at US$76 billion in the private market, is seeking a valuation as high as US$120 billion, although some analysts have pegged its value...

Read more

  • WOW Air collapses, passengers left stranded
WOW Air collapses, passengers left stranded

Defaqto, which rates products including travel policies, has said that travellers are often left unprotected by policies that don't cover against airlines getting into financial difficulty. Its website had advertised flights from London to cities such as NY and Boston for as little as 150 pounds, although the journey went via the Icelandic capital ...

Read more

  • Oil takes a hit as sombre economic outlook outweighs supply concerns
Oil takes a hit as sombre economic outlook outweighs supply concerns

On March 28, United States crude oil active futures closed at $59.41 per barrel. The focus will now be on weekly oil reports from the American Petroleum Institute (API) and the Energy Information Administration (EIA). "Estimates for growth and earnings have been revised down materially across all major regions", said US bank Morgan Stanley. -...

Read more

  • Falling bond yields a story that just won't go away this week
Falling bond yields a story that just won't go away this week

The spread between the 3-month and 10-year notes is a closely watched gap - though the spread between the 2- and 10-year is also closely followed. The bond markets remained the main focus though: 10-year German government bond yields remained below zero and key sections of the U.S.

Read more

  • Powerball jackpot third largest; Super Kansas Cash at record high
Powerball jackpot third largest; Super Kansas Cash at record high

The estimated one-time cash payout option is more than $465 million, the lottery said in a press release . The odds of winning are 1 in 292 million, experts say. There was no victor of the $57 million Mega Millions jackpot for the drawing held on Tuesday, Mar. 26. Can New Yorkers go four-for-four and win the top prize this time? Well, ...

Read more

  • Senate shuns Green New Deal amid claims of bad faith
Senate shuns Green New Deal amid claims of bad faith

The Green New Deal aims to virtually eliminate greenhouse gas emissions by 2030 and calls for the U.S. to shift away from fossil fuels such as oil and coal. Ed Markey, D-Mass., voted " present ". The six senators running for the Democratic presidential nomination are all cosponsors of Markey's measure including Bernie Sanders of Vermont, Eliza...

Read more

  • What McDonald's acquisition of Dynamic Yield tells us about digital transformation
What McDonald's acquisition of Dynamic Yield tells us about digital transformation

With access to this technology, McDonald's will be in a position to vary its electronic menu boards in response to variables such as the climate, time of day and region, flogging more McFlurries on warm days and Egg McMuffins in the mornings.

Read more

  • California Avocados Could Be Contaminated With Listeria
California Avocados Could Be Contaminated With Listeria

The avocados in question are distributed and sold in bulk at stores in Arizona , California, Florida , New Hampshire , North Carolina and Wisconsin . The company said it is also fully cooperating with federal and California health officials. The Food and Drug Administration published the Henry avocados recall announcement on its website.

Read more

  • Uber acquires Middle East rival Careem for $3.1B
Uber acquires Middle East rival Careem for $3.1B

The long-expected agreement ends more than nine months of start-and-stop negotiations between the two companies and hands Uber a much-needed victory after a series of overseas divestments. Over time, the firms will integrate part of their networks, he said. The acquisition , which is subject to regulatory approvals, is expected to close in the f...

Read more

  • Apple launches its own credit card
Apple launches its own credit card

Apple will also be offering a physical titanium Apple Card for shopping at locations where Apple Pay is not accepted yet. Apple Card features no fees - including annual, late, international, or over-the-limit fees. Users can sign up through their iPhone and get access to the card in minutes when it becomes available in the US this summ...

Read more

  • Pinterest Eyes April IPO to Capitalize on Hot Market for New Stocks
Pinterest Eyes April IPO to Capitalize on Hot Market for New Stocks

On Friday, the company said in its filing that it intends to list itself on the New York Stock Exchange using the ticker symbol PINS. While the proposed terms of the share sale won't be disclosed until a later filing, Pinterest could raise about $1.5 billion in an IPO valuing it at at $12 billion or more, people familiar with the matter have sa...

Read more

  • Papa John’s scores Shaq to help revive its image
Papa John’s scores Shaq to help revive its image

Schnatter is still the Louisville, Kentucky-based company's biggest shareholder. O'Neal's directorship on the Papa John's board is his first on a publicly traded company. O'Neal said he approached Papa John's about being a franchisee. O'Neal isn't new to the food business, he now owns a Krispy Kreme Doughnuts franchise in Atlanta and he...

Read more

  • Jet Airways founder Naresh Goyal may step down as chairman today
Jet Airways founder Naresh Goyal may step down as chairman today

As per ICRA's report, the airline has large repayments due in March to the tune of Rs 1,700 crores and further Rs 2,445 crore due in FY20 and Rs 2,168 crore due in FY21. Saddled with more than $1 billion in debt, Jet Airways is struggling to stay afloat. Expression of interest for bids will be floated by April 9 and the deadline for binding bids ...

Read more

  • Trump to Nominate Stephen Moore for Fed Board
Trump to Nominate Stephen Moore for Fed Board

Volcker linked Fed monetary policy to real-time changes in commodity prices". "One of the things that will be really interesting for me is to hear the case, look at their data and then help make the decision about whether we're too tight or too loose", Moore said .

Read more

  • United States markets sink as 10-year Treasury yield curve inverts
United States markets sink as 10-year Treasury yield curve inverts

It now costs more to borrow money for three months than for 10 years. If history is a guide, an inverted yield curve is an indicator that a recession is on the horizon. After the Federal Reserve's surprise dovish turn this week, investors have piled into the $15.8 trillion market, leaving the 10-year note yielding less than 2.5 percent.

Read more

  • Levi's going public with $6.6 billion valuation
Levi's going public with $6.6 billion valuation

Levi first went public in 1971 . As of Thursday's close, shares popped almost 32 per cent, closing at $22.41 per share. Iconic jeans company Levi's made a hot return to Wall Street on Thursday as it eyes global growth and more direct sales to consumers in the fast-changing retail environment.

Read more

  • $625 Million Powerball Jackpot Up for Grabs
$625 Million Powerball Jackpot Up for Grabs

The Powerball numbers for the lottery game's fourth-richest prize in history - a $625 million jackpot - were drawn Saturday night as 66, 52, 60, 24, 25 and a Powerball of 5. California is one of 10 states to exempt state income tax on lottery winnings. If you only match one of the white balls tonight, you won't win any money.

Read more

  • Levi Strauss shares surge 31 percent in stock market return
Levi Strauss shares surge 31 percent in stock market return

Ride-hailing company Lyft will sell shares to the public next week, and larger rival Uber is expected to go public later this spring. The company will be listed under the symbol LEVI on the New York Stock Exchange and the stock has been priced at the top end of a $14 to $16 range.

Read more