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Cryptocurrency Market Bearish Sentiment Continuous

Cryptocurrency Market Bearish Sentiment Continuous

Bitcoin has lost value continuously for four sessions, sliding down as much as 20 percent, while questions rise about whether the largest cryptocurrency was manipulated during its immense price surge last year. It traded at a few cents initially in ..

H&R Block shutting down 400 stores

H&R Block shutting down 400 stores

H&R Block (NYSE: HRB), a tax preparation firm with almost 10,000 locations across the U.S., announced on Tuesday that it would be closing 400 locations due to a discouraging financial outlook for rest of 2018.  Following the announceme..

Citigroup Warns of Possible Major Job Cuts Due to Automation

Citigroup Warns of Possible Major Job Cuts Due to Automation

Citigroup Inc (NYSE: C), has put forward the notion that it will attempt to shed up to 50% of its technology and operations staff within the next five years. This amounts to approximately 10,000 of its 20,000 staff in the field.Jamie Forese, preside..

Twitter to join S&P 500, replacing Monsanto

Twitter to join S&P 500, replacing Monsanto

Dow Jones Indices announced that Twitter Inc (NYSE: TWTR) will be joining the S&P 500 replacing Monsanto Company (NYSE: MON) in the index. Monsanto, an agrochemical and agricultural biotechnology corporation, will be removed from the S&..

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..

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..

Financials and Energy Bump Up the Stock Market

Financials and Energy Bump Up the Stock Market

The Dow on May 9 went up for the fifth consecutive day and the wider stock market zoomed up due to positives in technology, energy, and financials stocks. The S&P 500 went up y 25.87 points to touch 2,697.79. This is a one percent gain with abou..