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Under Armour to Cut 3% of Workforce, Shares Jump

Under Armour to Cut 3% of Workforce, Shares Jump

Under Armour Inc. (NYSE: UAA) said on Thursday that its restructuring program will now cost more than it previously expected: It plans to cut about 400 jobs, or about 3% of its global workforce, by March.Under Armour shares jumped nearly 7% in midda..

Energy Stock Bounce Back

Energy Stock Bounce Back

Energy stocks are experiencing a rebound as oil prices continue to rise. Brent Crude prices which have seen a dramatic fall from the record highs of 2014 are now nearing USD 70 per barrel.  Brent Crude went through a massive downturn betwe..

SpaceX Will Send a Japanese Billionaire as First Private Tourist to the Moon

SpaceX Will Send a Japanese Billionaire as First Private Tourist to the Moon

Japanese billionaire Yusaka Maezawa has signed with SpaceX to fly around the moon on the Company’s next generation rocket, according to an announcement from Chief Executive Officer Elon Musk on Monday.Maezawa will launch aboard a Big Falcon Ro..

Tesla Shares Dip After Saudi Arabia Invests USD 1 Billion in Lucid Motors

Tesla Shares Dip After Saudi Arabia Invests USD 1 Billion in Lucid Motors

Shares of Tesla Inc. (NASDAQ: TSLA) slid as much as 2% after Saudi Arabia's public investment firm announced a USD 1 Billion investment in rival Lucid Motors.The Kingdom's Public Investment Fund had previously been in talks with Tesla around..

Tesla's Vice President of Finance Resigns

Tesla's Vice President of Finance Resigns

Tesla Inc.’s (NASDAQ: TSLA) Vice President of Worldwide Finance and Operations Justin McAnear will be resigning in early October, according to a statement CNBC obtained. This marks the third executive to leave the Company in just the past week..

SAIC to Buy Rival Engility for USD 1.5 Billion

SAIC to Buy Rival Engility for USD 1.5 Billion

Science Applications International Corp. (NYSE: SAIC) said on Monday it will acquire Engility Holdings, Inc. (NYSE: EGL) for USD 1.5 Billion in stock, a deal that will turn it into the second-largest independent U.S. government services contractor.E..

iPhone Prices Could Rise 20% Under Trump’s Plan

iPhone Prices Could Rise 20% Under Trump’s Plan

iPhone prices will rise significantly if Apple Inc.(NASDAQ: AAPL) assembles the smartphone domestically, according to Bank of America Merrill Lynch.On Saturday, President Donald Trump tweeted Apple should manufacture its products in the U.S. to avoi..