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IBM Launches a 50-Qubit Quantum Computer

IBM Launches a 50-Qubit Quantum Computer

On Friday, International Business Machines Corp. (NYSE: IBM) introduced a quantum computer that handles 50 quantum qubits while also making a 20 qubit system as well that will be available through their cloud computing platform.Companies like I..

Apple Possibly Dropping Qualcomm Components

Apple Possibly Dropping Qualcomm Components

Apple Inc. (NASDAQ: AAPL) announced plans to possibly drop chips for iPhones and iPads supplied by Qualcomm Inc. that might take in effect in fall of 2018. This plan followed a change in supply arrangements where QUALCOMM, Inc.(NASDAQ: QCOM) ha..

Coach to Become Tapestry Inc.

Coach to Become Tapestry Inc.

 On Wednesday, Coach Inc. (NYSE: COH) announced plans to change their corporate name to Tapestry Inc. Shares dropped 2% in early trading after the announcement that Tapestry will be the holding company that will house their Coach, Kate Spa..

Southwest Airlines Reports $100 Million Hit from Natural Disasters

Southwest Airlines Reports $100 Million Hit from Natural Disasters

Southwest Airlines Co. (NYSE: LUV) reported that their third quarter sales will take a $100 million hit due to this year’s natural hurricanes and earthquakes resulting in 5,000 cancellation flights through Wednesday.Recently U.S. airlines hav..

Morgan Stanley Fined $13 Million by FINRA

Morgan Stanley Fined $13 Million by FINRA

 On Monday, Morgan Stanley (NYSE: MS) was ordered by the Financial Industry Regulatory Authority (FINRA) to pay $13 million in fines and restitution to clients for inadequately supervising certain short term trades. Between January 2012 an..

Samsung Looking into Autonomous Driving

Samsung Looking into Autonomous Driving

Samsung Electronics Co Ltd has announced plans to diving into autonomous driving after their recent $8 billion acquisition of Harman. Well known for their audio speakers, Harman’s 65% of sales derives from their automotive business, on bo..

Autoliv Splitting into 2 Listed Companies

Autoliv Splitting into 2 Listed Companies

On Thursday, Autoliv Inc. (NYSE: ALV) announced that they will be splitting into 2 companies with one that is focused on high tech safety gear to expand growth towards self driving vehicles which boosted shares. The company is most well known for th..