business

Deutsche Bank Shares Slip After Plans to Cut 7000 Jobs

Deutsche Bank Shares Slip After Plans to Cut 7000 Jobs

Deutsche Bank (NYSE:DB) shares slipped by 6.4 percent after it announced to cut more than 7,000 jobs to reduce expenses and return profitability back to reassure investors and clients.The bank released a statement regarding its Equities business rev..

Tesla Hires Snapchat VP to Lead Autopilot Initiative

Tesla Hires Snapchat VP to Lead Autopilot Initiative

Tesla Inc (NASDAQ: TSLA) has hired Snap Inc. (NYSE: SNAP) vice president of monetization engineering as the new vice president of engineering. Bowers will be taking on the Autopilot initiative for the company and other projects. The head of Tesla..

First Woman President of New York Stock Exchange in 226 years

First Woman President of New York Stock Exchange in 226 years

The New York Stock Exchange announced Tuesday that, effective as of Friday, Stacey Cunningham, who is currently NYSE’s Chief Operating Officer, will become the exchange's first woman president in its 226-year history.When Cunningham starte..

China to Cut Auto Import Tariffs

China to Cut Auto Import Tariffs

China announced to make massive cut to auto import tariffs, a move to further open up the world’s largest auto market to international auto makers.China’s Finance Ministry said it will cut import tariffs on some of the vehicles to 15 per..

GE to Merge Rail Division with Wabtec in $11 Billion Deal

GE to Merge Rail Division with Wabtec in $11 Billion Deal

General Electric Co.’s (NYSE: GE) transportation unit and Wabtec Corporation (NYSE: WAB) announced a merger deal valued at approximately $11.1 billion. The transaction will make Wabtec a Fortune 500 as well as establishing itself as a global l..

Morgan Stanley Predicts Bull Market End

Morgan Stanley Predicts Bull Market End

It is Morgan Stanley (NYSE: MS) prediction that stocks may rally for one more time during summer 2018 prior to hitting an all-time high in the latter months. The company cited a number of positives which are fast degenerating into negatives. Inflati..

Wage Increase Stagnation in an Environment of Declining Productivity and Increasing Inflation

Wage Increase Stagnation in an Environment of Declining Productivity and Increasing Inflation

In 2017, with the historically low unemployment rate of 3.9% and over 200,000 jobs gain through 2018, the wage growth remained sluggish. According to historical data provided by Labor Department, there is a 4.3% rose in 2000 when the unemployment ra..