Blue Apron Considers to Sell Itself or Raise Funds Citing Declining Revenue

Blue Apron Considers to Sell Itself or Raise Funds Citing Declining Revenue

On Tuesday, Blue Apron said it is estimating a wide range of tactical alternatives. Notably, the effort many include options like an auction of the company or its resources, raising funds, or a business combination. The battling meal-delivery service company has announced the news while announced its new quarterly outcomes. The meal-kit company has reported a loss of about $1.66 per share for Q4. The pit of loss seems much wider than the average estimations of analysts. For now, the company is moving ahead with a formerly revealed plan to…

Read More

Alphabet Finally Joined The Trillion Dollars Club

Alphabet Finally Joined The Trillion Dollars Club

The tech business industry is one of the most profitable markets where large companies make billions of dollars each year. Recently Alphabet broke the record and managed to join the trillion-dollar club of which Microsoft, Amazon, and Apple are already members. Above mentioned, big tech companies already have a market capitalization of 1 trillion dollars, and now finally, Google has also made it to this list. It’s been just one month since Sundar Pichai became the CEO of both Google and Alphabet, and the company managed to achieve this milestone.…

Read More

PG&E goes down the fight over fire policy moved to its bankruptcy

PG&E goes down the fight over fire policy moved to its bankruptcy

The latest attempt of PG&E Corp.’s at fleeing the California policy that imposed the power giant with billions of dollars in wildfire inheritances, pushed it into bankruptcy and moved to the ousting of its chief executive officer has failed. U.S Bankruptcy Judge Dennis Montali on Wednesday sided with wildfire victims, who said PG&E is subject to a legal theory that is known as a converse reproach. That holds utilities strictly responsible for covering the costs of blazes connected to their equipment, unobservant of whether they were negligent. PG&E had discussed…

Read More

Postal Workers Are Delivering More Than 20 Million Packages Per Day

Postal Workers Are Delivering More Than 20 Million Packages Per Day

Government agencies, especially those who are giving services, are famous for delay or insufficient type of services. However, when it comes to delivery, the US Postal service is considered as the best as compared to others. USPS, which was founded on the sole purpose of providing cheap and affordable services to customers, have done their job efficiently. Recent reports show the hard work of US Postal Workers resulted in delivering more than 20 Million Packages per day. People buy things, but they forget an essential part of it, and that’s…

Read More

US Agency rules: McDonald’s won’t be responsible for treatment getting to the workers

US Agency rules: McDonald’s won’t be responsible for treatment getting to the workers

The National Labor Relations Board ruled on Thursday morning that McDonald’s should not be held accountable for the labor behavior of its franchisees. The federal agency that is accountable for enforcing U.S. labor law has issued its latest ruling in a year-long union case. This seeks to hold fast-food chains responsible to all workers at companies and franchise locations. The agency, which is also known as the NLRB (The National Labor Relations Board), instructed the law judge to support a settlement between McDonald’s and its franchisees and workers suspected of…

Read More

Project Scarlett & PlayStation 5 may develop few advanced features

project scarlett & playstation 5 may develop few advanced features

The Project Scarlett and PS5 might collaborate for share hardware, which is required to create new features. Under the deal, the customer would get a better experience through the new interface. This new product will be loaded with various features that are not incorporated by any company previously, such as virtual assistants. Virtual assistant feature is mainly focused on providing a high end experience to its user, which might be same as the Xbox. In September 2019, Play Station incorporated Artificial Intelligence (AI) feature by which gamer can get answer…

Read More

Jeremy Powell Said Fed Is Looking Forward To Achieving 2% Inflation Rate Goal

jeremy powell said fed is looking forward to achieving 2% inflation rate goal

Federal reserves have the responsibility of maintaining the inflation rate when the economy is booming, and Jeremy Powell is likely going to do it. Recently when asked about the Fed’s decision on the current economic situation Jeremy Powell the chairman of the Fed, said that they are looking forward to maintaining the goal of the inflation rate at two percent. Feds have previously cut the rate of interest when the country’s on the verge of facing another great recession. However, reports are in favor of the economy; everyone is expecting…

Read More

Kohl’s Makeover not working for Investors

kohl’s makeover not working for investors

Kohl’s inventive strategy to charm customers into its stores has earned the firm’s praise and Wall Street support. But the shopper went to other places, and the investors have started losing confidence in the firm. The company said on Tuesday that in their new quarter, sales of stores that had been open for at least a year had increased by nearly 0.5%. Compared with the same period last year, Kohl’s profit in the quarter fell by 24%, and the retailer lowered its prospects during the holiday shopping period. This is…

Read More

Apple Owns Half Of Smartwatch Market In World

apple owns half of smartwatch market in world

The US based tech company Apple is back in the business. The company recently witnessed record-breaking sales of its just launched iPhone 11 series. Now, the iPhone maker has taken a new leap in the smartwatch industry. It has successfully retained its top rank in the global smartwatch market with an impressive rise in the sale. Market research firm Strategy Analytics said that Apple Watch shipments grew remarkably in the third quarter of the current fiscal. The company shipped 6.8 million units in this period. This figure is 51 percent…

Read More

Amazon CEO Jeff Bezos Loses His Crown As World’s Richest Person

Amazon CEO Jeff Bezos Loses His Crown As World's Richest Person

Amazon founder and Chief Executive Officer Jeff Bezos is no longer the world’s richest person after Amazon.com Inc. stock tumbled on Thursday. He has lost the title to Microsoft Corporation cofounder and fellow Washington state resident Bill Gates. His current fortune is worth USD 105.7 billion. Bezos lost the crown after shares of the biggest online retailer dropped 8.1 percent to USD 1,637 in extended trading at around 4.24 pm in New York. The new price of Amazon shares has brought the fortune of Bezos to USD 102.8 billion. Almost…

Read More