Daily Management Review
Business & Finance

Foxconn to receive tax breaks for $ 3 billion in the US

On Thursday, the Wisconsin Legislative Assembly, controlled by the Republicans, voted 59-30 to approve a bill that will pave the way for a $ 3 billion incentive package for the Taiwan LCD company's liquid crystal display factory. This plan should still be approved by a joint financial committee,...

Lenovo receives a net loss for the first time in 6 quarters

The Chinese Lenovo Group, one of the world's largest personal computer manufacturers, recorded a quarterly loss for the first time in six quarters amid continued price increases for memory chips. The net loss of Lenovo Group in the first quarter (April-June) was $ 72 million compared to a net...

Surging Demand For Video-Streaming Targeted By New Nokia 8 Phone

Hoping to cash in on rising consumer demand for high-quality audio and video features, HMD Global, the Finnish start-up looking to reinvigorate the Nokia phone brand, unveiled the Nokia 8 on Wednesday.   With Apple's highly anticipated 10th anniversary iPhone also expected next month and...

Goldman Sachs predicts fall of bitcoin

Bitcoin’s prices could grow to almost $ 5,000 in the foreseeable future, but after that, it is likely that the correction will reach about $ 2,000, CNBC reports with reference to Goldman Sachs. Sheba Jafari, Head of the technical strategy of Goldman Sachs, in a letter to investors informs that the...

US restaurants are experiencing the worst crisis since 2009

The restaurant industry in the US keeps showing extremely weak results, while a constant decline in indicators can signal serious problems in the consumer sector of the world's largest economy. According to a recent study by Black Box Intelligence, comparable sales in July fell by 2.8%, and traffic...

Blue Apron can't invent a recipe of success

Blue Apron has reported for the second quarter - its first report as a public company. It turned out that the food delivery service is in a rather difficult situation. Sales were higher, and marketing costs were lower than Wall Street analysts had expected. American company Blue Apron offers...

Sources Say Despite Risks, New York Favored By Saudi Arabia For Aramco Listing

Even though some financial and legal advisers have recommended London as a less problematic and risky option, Saudi Arabia favors New York for the main foreign listing of state oil giant Aramco, reported Reuter quoting sources.   Crown Prince Mohammad bin Salman - or MbS as he is known - who...

Toshiba to sell its key business

Japanese corporation Toshiba has concentrated on sale of its memory chips manufacture, the key business of the company. The seller resumed negotiations with Taiwanese Foxconn Technology and Western Digital hard disk manufacturer. Also, the Japanese concern continues to discuss the sale of part of...

Tesla Wants To Test Self-Driving Tech For Semi-Truck In Nevada, A Technology That Is Developing: Reuters

Tesla Inc is getting closer to testing a prototype for a long-haul, electric semi-truck that can automatically follow a lead vehicle and move in "platoons" while driving itself, reported global news agency Reuters quoting an email discussion of potential road tests between the car company and the...

Crypto-Bubble Fears Stirred By Buoyant Bitcoin

Virtually as big as Goldman Sachs and Royal Bank of Scotland combined, bitcoin and other "cryptocurrencies" are big money.   Dragging up the value of hundreds of newer, smaller digital rivals in its wake as the price of a single bitcoin hit an all-time high of above $3,500 this week. But...
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